Message from the President

To all shareholders and Investors,

This is a report on the statement of accounts released by Hagihara Industries Inc. for the period ending October 2018.

Although we cannot dismiss uncertainties that remain in the global economy, the climate surrounding the Company has continued to demonstrate gradual recovery, with economic indicators showing encouraging trends.

In response, the Group as a whole is working to further strengthen management practices by proactively seeking new markets, technologies, and applications as a single, integrated production and sales operation, in order to achieve the targets set by our midterm management plan, “DH56 (Dynamic HAGIHARA 56),” and its basic policy, “Brave Challenge and New Hagihara Dynamism.”

I ask for the continued support and enthusiasm of all of the shareholders and investors.

President

Financial Highlights