Message from the President
To all of our shareholders and investors,
I wish to express my sincere appreciation to our shareholders and investors for their continued support.
The Statement of Financial Operations for the second quarter of the year ending October 31, 2023 was published.
During the second quarter of the current consolidated cumulative period, the Japanese economy saw a turnaround in economic activity.With the government's decision to downgrade COVID-19 to common infectious disease, there was a recovery in the flow of people, including inbound tourists. However, the surge in the prices of food and energy is still ongoing, and the concerns associated with corporate revenues and household budgets remained unresolved.
Under these difficult circumstances, Hagihara Industries Group has almost completed passing on the increase in the costs of raw material to prices. As the surge in electricity costs, procured parts and the supply chain disruption continues, we have been focusing on implementing further measures such as transmitting costs to prices and diversifying the parts suppliers. We strive for our business to be growing in the future.
Your continued support and incentives from our shareholders and investors would be greatly appreciated.