March 03, 2021
The Company projects sales and income increases in the fiscal year ending December 31, 2021 and plans to continue its stable payment of dividends.
TOKYO, March 3, 2021 /PRNewswire/ -- The business environment surrounding the Company deteriorated during the consolidated fiscal year ended December 31, 2020 due to the rapid global spread of the novel coronavirus (COVID-19) pandemic. Meanwhile, the industry was also impacted by the spread of COVID19 as restrictions on sales activities resulted in order booking delays.
Under these circumstances, the company engaged in initiatives aimed at furthering its medium-term management plan, Make FOUNDATION Plan (Promote ESG), which extends from the fiscal year ended December 31, 2019 to the fiscal year ending December 31, 2021. However, the Company withdrew corresponding quantitative targets mid-plan due to widely uncertain impact from the COVID-19 pandemic on medium- to long-term performance. With regard to these qualitative targets, the Company will continue to implement strategies emphasizing the improvement of future profitability. Specifically, in the environmental equipment segment, the Company is pursuing overseas business development, strengthening sales in the recurring-revenue energy service company (ESCO) business in the areas of maintenance and water. Meanwhile, in the household equipment-related business segment, it engaged in efforts aimed at transitioning from stability in business to growth, including both the launch of an e-commerce business and new product discovery. At the same time, in the renewable energy segment, the Company conducted initiatives aimed at achieving a recycling-oriented society and enhancing its stable income generation capabilities.