Execution of the First Year of the 2025 Medium-Term Management Plan

「During the fiscal year, amid a challenging external environment, we worked on the execution plan as the first year of the 2025 medium-term management plan formulated in November 2020. Despite substantial fluctuations in production volumes caused by shortages of semiconductors and other components stemming from the spread of COVID-19 variants, we strengthened our ability to respond to demand fluctuations and improved our earnings capacity through loss-free launches of new products, measures to secure profitability and fixed-cost efficiencies achieved through operational improvements.」