Message from the President
Today, the automotive industry is at a major, once-in-a-century turning point on the back of advancements in CASE, or connected cars, autonomous driving, and shared and electric vehicles, as well as mobility as a service (MaaS). CASE and MaaS will result in a much more challenging business climate, symbolized by declining demand for new vehicles due to car sharing and the growth of electric vehicles. At the same time, there will be a greater need for lighter weight vehicles required by tougher environmental regulations around the world.
Given this environment, we will become a specialized auto body manufacturer handling all the processes from development to mass production that creates vehicles built with the environment and safety as the top priorities. We are guided by the vision of shaping a better future for people and automobiles through the fusion of passion and innovation.
With the COVID-19 pandemic emerging in early 2020 and impacting the automotive industry and the global economy, our forecast for the fiscal year ending March 31, 2021 indicates that our global network will suffer a major blow.
However, we will not put the brakes on the progress already made. We are committed to further refining our corporate structure and achieving sustainable growth by securing the confidence of the market and establishing a stable management foundation through strengthening our financial structure, by accelerating productivity improvements using digital technologies, and by transforming through new workstyles.
Our strengths can be found in our global production system, agile sales that address the needs of all automakers, our competence in R&D that turns innovative auto body design into reality, and a resilient financial base that supports these strengths. By harnessing these strengths even more than before, we intend to be a company that lives up to the expectations of all stakeholders around the world, even in a post-COVID-19 world.
This year we mark the 10th year in operation since being founded (on April 1, 2011). This milestone was made possible by the support of our stakeholders, for which I am deeply grateful. We look forward to your continued support as we move forward.