Capturing demand related to the Tokyo Olympic and Paralympic Games

「Under the medium-term management plan Vision 2020, which entered its final year and covers the fiscal years ending March 2019 through March 2022, the Group successfully fulfilled its role in supporting the Tokyo Olympics and Paralympics as the culmination of the 4-year plan.」

「Preparations for the Tokyo Olympics entered full swing, and we worked diligently to provide the highest level of service while taking every possible measure against infectious diseases.」

「The spread of COVID-19 had a devastating impact on the entertainment industry as a whole. This included the postponement of the Tokyo Olympic and Paralympic Games, while concerts and events continued to be held at levels close to zero.」

「The postponement of the Tokyo Olympics and Paralympics, together with the cancellation and postponement of concerts and events, has had an impact, and the concert and event industry is facing an unprecedented crisis.」

「Moreover, supported by demand related to the Tokyo Olympic and Paralympic Games, redevelopment demand in Tokyo and major regional cities, and growing demand for concerts and events, we won large-scale projects across our businesses. As a result, net sales reached a record high for a third-quarter cumulative period, and net sales and operating income increased from the same quarter of the previous year.」

「During the first six months of the fiscal year under review, in addition to the newly consolidated company, results were contributed by the full-year consolidation of the Sama Sound group, 株式会社テクノハウス and TLS PRODUCTIONS, INC. Moreover, supported by demand related to the Tokyo Olympic and Paralympic Games, redevelopment demand in Tokyo and major regional cities, and growing demand for concerts and events, we won large-scale projects across our businesses, and net sales reached a record high for a second-quarter cumulative period.」

「Our Group, consisting of the Company and 20 consolidated subsidiaries, is pursuing “honeycomb management” under the medium-term management plan “Vision 2020” covering the fiscal years ending March 2019 through March 2021. This involves bringing together and coordinating companies that are number one or have unique strengths in the fields of sound, video, music and live entertainment. During the first quarter of the fiscal year under review, in addition to the newly consolidated company, results were contributed by the full-year consolidation of the Sama Sound group, 株式会社テクノハウス and TLS PRODUCTIONS, INC. Moreover, supported by demand for facility development ahead of the Tokyo Olympic and Paralympic Games and strong demand for concerts and events, we successfully won large-scale projects across our businesses, resulting in higher net sales and operating income than in the same quarter of the previous year.」

「As a result, we won numerous large-scale projects, including sales of video and sound equipment for competition venues. In addition, the results of the newly consolidated subsidiaries mentioned above contributed to net sales, which reached a record high.」

「During the first nine months of the fiscal year under review, the Group worked to respond reliably to demand for facility development ahead of the Tokyo Olympic and Paralympic Games in 2020, as well as strong demand for concerts and events. As a result, we won numerous large-scale projects, including sales of video and sound equipment for competition venues, and net sales reached a record high for a third-quarter cumulative period.」

「As a result, we won numerous large-scale projects, including sales of sound and video equipment for competition venues, and net sales reached a record high for a second-quarter cumulative period.」

「During the first quarter of the fiscal year under review, the Group worked to respond reliably to demand for facility development ahead of the Tokyo Olympic and Paralympic Games in 2020, as well as strong demand for concerts and events. As a result, orders remained firm and we won multiple large-scale projects, including sound and video equipment projects for competition venues, resulting in higher net sales than in the same quarter of the previous year.」

「We will pursue this as the most important mission of this medium-term management plan, with the entire company mobilised. The “2020 Business Promotion Office” will oversee the project, aiming to provide large-format video and sound (PA) services at the Games and sell video and sound equipment to competition venues and other facilities.」