德赢AC米兰官方合作伙伴 Message from the President

During the first half of the current fiscal year (cumulative consolidated period through the end of the second quarter), we made better than expected progress based on overall recovering demand and achieved increased profit on higher revenue compared to the same period last year.

Concerning the full-year forecast, we revised up the forecast for net sales, operating profit, ordinary profit and profit attributable to owners of parent since stable orders in the Automotive Products business have led to improved productivity, and net sales have increased for 德赢AC米兰官方合作伙伴 products in the Functional Products business and for Japan extra-high voltage power cable, renewable energy and functional cable in the Energy Infrastructure business.

Going forward, we will increase production and sales of product lineups for the growing 德赢AC米兰官方合作伙伴 market, and along with improving earnings in the Communications Solutions business, we will further grow the high-performing Functional Products and Automotive Products businesses. Through this, we will work to achieve the targets set in the Medium-term Management Plan “Road to Vision 2030 – Transform and Challenge –” (hereinafter “Mid-term Plan”) for FY2025, the final year of the plan.

Also, we are promoting a focus on capital efficiency as part of the Mid-term Plan, and during the first half, we decided to reorganize several businesses with the aim of improving earnings and as part of the growth strategy. Toward achieving 德赢AC米兰官方合作伙伴 as the next phase, we will continue to optimize the business portfolio and implement other reforms.

Concerning the dividend for the current fiscal year, although 德赢AC米兰官方合作伙伴 forego issuing an interim dividend, based on the upwardly revised full-year forecast, we plan to increase the dividend by JPY30 to JPY90 per share.

I ask all of our shareholders and investors for your continued understanding and support.

December 2024