I handed over the duties of President, which I have been serving for 21 years since company establishment, to our New President Saito from April 1st, 2020.
In January of 2013, we created our internal plan of “10 times after 10 years”, and started our long-term business plan from 10 billion yen in net sales and 2 billion yen in ordinary income at that time. At present, the 5-year medium-term business plan ending in the fiscal year ending March 2023 has been progressing smoothly. In this context, we could project a steady transition to higher earnings result for fiscal year ending March 2020 which was revised upwards on February 6th, 2020. These are all thanks to the collective strengths of all employees.
The power engine of our growth unarguably lies in the power of our employees. Although we are facing the problem of the new Coronavirus, which can be considered an unprecedented crisis in the history of humankind, we will overcome this based on rigorous risk management and unified efforts of all employees, while shifting to a new organizational structure under which the new President is entrusted with the achievement of the 5-year medium-term business plan, as well as drawing up the upcoming medium-term business plan for the company.
We aim to become a visionary company with a firm underlying management philosophy in harmony with social values, a company that is essential to customers and indispensable to the society, which will last for 100 years, 200 years. Although all employees together are progressing step by step, climbing up the mountain to conquer that ideal summit, now that the main responsibilities of growing the business have been gradually passed on to next generation of leaders, and key managers around the age of 40 have been growing to take on next next roles, now is the time for me to support the success of executives who can stand up with self-awareness.
Our corporate culture of pursuing human happiness and social benefits as a company with strong belief, cherishing dreams and full of energy for challenges remains unchanged.
The objective of business is to achieve the realization of management philosophy. These are the roads forward for us.
First, to realize both material and spiritual happiness for all employees.
Second, business is about benefiting others.
Third, the best act as a human being is to serve other people and the society.
As Chairman of the Board of Directors, I will support further growth through the education of human resources throughout the Group and challenges development of new businesses. At the same time, with great confidence in our new President, I will support him while leading the promotion of highly synergistic M&A activities, hotel business which creates the smiles for people, and regional revitalization business which aims for mutual development with local community.
We look forward to receiving your continued support for Sun Frontier Fudousan Co., Ltd. under the new organizational structure.
April 1st, 2020