I would like to express our sincere gratitude for your continued support for our business practices.
During the fiscal year under review, the global economy demonstrated overall resilience, but uncertainty over the outlook has intensified due to multiple factors, including imposition of additional tariffs by the U.S., further heightening of geopolitical risks, and economic slowdown in China and Southeast Asia.
In the automotive industry, where the Group operates, the global production of Japanese automobile manufacturers was lower than in the previous year due in part to the impact of U.S. tariffs on automotive sales, further expansion of EV market share by local manufacturers in China, continued sluggish demand in the ASEAN region, and production cuts by some automobile manufactures in Japan.
Under these circumstances, we finished the fourth year of our six-year Medium-Term Business Plan: Mission 2025+2, based on which, we continued to promote measures that will contribute to the pursuit of economic value by further enhancing our four basic functions—development, manufacturing, procurement, and global functions—and to the creation of social value in the ESG areas of environment, society, and governance. At the same time, we focused efforts on achieving efficient corporate management that is conscious of capital cost.
As a result of these efforts to further strengthen the business foundation, despite negative impacts from continued production cutbacks by some Japanese automotive manufacturers and key Chinese customers, our consolidated net sales increased thanks to new orders acquired in various regions of the world. Our operating income also increased, in spite of the impact of continued rise in purchase prices, owing to improvement in the gross profit margin resulting from increased sales, price revisions, and improved productivity in the manufacturing sector, and also owing to cost reduction efforts by the overseas business sector.
Being the fifth year of the Medium-Term Business Plan: Mission 2025+2, the new fiscal year will be extremely important for achieving the goals of the plan. The business environment surrounding us is changing drastically, but we, the management and staff of the Group, are committed to continued and concerted efforts toward achieving our Mission Statement: “Delivering better parts, determined to be indispensable to the automotive industry.”
In closing, we have the great appreciation for all of our shareholders for their continued support and valuable suggestions as we move forward.
June 2026
Masaya Hirose
President and CEO
Ohashi Technica,Inc.
