In fiscal year 2023, our Group achieved significant year-on-year increases in sales and profits, driven in part by rising investment by our customers in response to strong energy demand and an improvement in the procurement environment for production components. Even after factoring in the greater than anticipated favorable impact of a weaker yen, the achievement of such results in a drastically changing business environment would not have been possible without the collective efforts of all Group employees and the invaluable support of our customers, shareholders, partners, and all other stakeholders, and for this we wish to express our sincere gratitude.
In April, our company launched its new Growth for Sustainability 2028 medium-term business plan. This is for a world that is experiencing drastic change due to pressing issues that call for solutions such as an energy transition to enable a carbon-neutral society, and due to innovations in digital technologies. We eagerly embrace these shifts in our landscape and perceive them as valuable opportunities to create shared value. We will accomplish this by making contributions through our business that benefit both society and the environment and lead to the sustainable enhancement of corporate value.
Based on Yokogawa's Purpose, which states, "Utilizing our ability to measure and connect, we fulfill our responsibilities for the future of our planet.", we will continue to co-innovate with our stakeholders around the world to meet the challenge of making our society more harmonious and sustainable.
Our aim is to fulfill the expectations of all our stakeholders by continuing to grow our business and enhance our corporate value. In these endeavors, we ask for your continued support.
May 2024
Hitoshi Nara
President and CEO