Message From Chairman

Message from Chairman

photo-of-president

Our deepest sympathies go out to all the families of the victims of the very tragic incident that occurred on October 6, 2022, in Na Klang, Nong Bua Lamphu province, Northeastern Thailand.

In FY2022, the rapid spread of the new Omicron strain of the Coronavirus led to an increase in the number of infected workers at production sites worldwide, resulting in labor shortages and restrictions on activities and operations by governments, which significantly reduced factory operations in many manufacturing industries. In addition, the supply shortage problem of semiconductors (ICs) has not yet been resolved and remains unstable, and a stable supply at an early date is desirable

Recently, in countries where the vaccination program has been expanded, the spread of infection has begun to decline, many regulations have been eased, and the economy has begun to move in a positive direction toward normalization. However, this positive effect is being offset by soaring energy prices stemming from the war between Russia and the Ukraine, inflation due to the resulting cost increase for energy, and fears of an economic slowdown due to rising interest rates in the United States.

In FY2022, in our Company, the demand for inkjet printers has remained strong as teleworking, telecommuting (working from home), and other work styles that minimize human contact to prevent the spread of the new Coronas continue to be promoted. As a result, the Printer business posted higher sales and profits compared to the previous fiscal year. On the other hand, in the automotive-related business, the lockdown caused by the Chinese government’s “zero new corona infection” policy, and the global semiconductor (IC) supply constraint has caused automakers to suspend operations, resulting in lower sales and profits, but the overall result of our Company was higher sales and higher profits.

In FY2023, our Company will launch a renewable energy initiative as part of our ESG efforts. We have already executed a contract to use renewable energy for electricity consumption at all the plants.

In addition, we will install solar panels on the roof of the Third Factory that will supply renewable energy from the sun equivalent to 2,040Kwh to the Third Factory.

We intend to make group-wide efforts to reduce carbon dioxide emissions through energy conservation initiatives, further promotion of renewable energy introduction, and promotion of recycling.

METCO was established Thailand in 1987, and 35 years have passed since then. We have accumulated much experience as a company, and during that time, we have established many relationships with our shareholders and other related parties, which have brought us to where we are today. We would like to ask for your continued support and kindness to our business.

 

October 2022

Mr. Yoichi Muramoto

Chairman/President

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