Upfront Investment in Human Resources and Research and Development Under the Management Plan

「Against this backdrop, based on the medium- to long-term management plan “GLOBAL VISION 2030,” the Group has pursued initiatives including development and DX investment, stepped-up recruitment and the renewal of its personnel systems.」

「Selling, general and administrative expenses increased due to development investment under the management plan, strengthened recruitment activities, and improvements to working conditions reflecting higher prices, although」

「The company also worked to create new value-added products, promote product development better suited to customer needs, and advance basic research and elemental technology development for the future. It invested ¥3,166 million in research and development during the consolidated fiscal year.」

「Selling, general and administrative expenses increased due to development investment under the management plan, strengthened recruitment activities, and improvements to working conditions reflecting higher prices, although」

「As for profit, selling, general and administrative expenses increased due to development investment based on the management plan, strengthened recruitment activities, and improvements in employment conditions reflecting higher prices,」

「The company also worked to create new value-added products, promote product development better suited to customer needs, and advance basic research and elemental technology development for the future. It invested ¥2,935 million in research and development during the consolidated fiscal year.」

「Due to higher selling, general and administrative expenses associated with progress on development projects and increased recruitment activity, operating profit was ¥2,387 million, down 22.1%; ordinary profit was ¥2,675 million, down 14.3%; and net income attributable to owners of the parent was ¥1,976 million, down 11.4%.」

「Profit was affected by higher selling, general and administrative expenses associated with progress on development projects under the management plan and increased recruitment activity. Operating profit was ¥635 million, down 51.0%; ordinary profit was ¥1,060 million, down 18.5%; and net income attributable to owners of the parent was ¥841 million, down 12.0%.」

「R&D expenses for the consolidated fiscal year amounted to ¥2,718 million.」

「The company is continuing to invest in research and development for the future at roughly the same level as the previous year, while also seeking to improve the efficiency of other expenses.」

「To achieve sustainable growth for the Group, we will rebuild our talent development framework, improve work styles, and seek to improve the productivity of each employee.」

「In addition to the decline in relatively high-margin renewal sales, the deterioration in the cost ratio caused by delays in launching new products overseas weighed on results, following a substantial decline in profit in the first quarter. Operating profit was ¥1,152 million, down 33.1% year on year, ordinary profit was ¥1,150 million, down 33.3%, and net income attributable to owners of the parent was ¥696 million, down 39.4%, all below the same period of the previous year.」

「In addition to the decline in relatively high-margin renewal sales, the deterioration in the overseas business's cost ratio and the increase in selling, general and administrative expenses due to upfront investment under the management plan resulted in operating profit of ¥459 million, down 58.9% year on year, ordinary profit of ¥509 million, down 54.2%, and net income attributable to owners of the parent of ¥299 million, down 60.8%, all below the same period of the previous year.」

「Regarding profit, cost of sales and selling, general and administrative expenses increased due to upfront investment under the management plan,」

「Selling, general and administrative expenses increased due in part to upfront investment in human resources and research and development under the management plan,」

「Selling, general and administrative expenses increased due in part to upfront investment in human resources and research and development under the management plan,」

「Selling, general and administrative expenses increased due in part to upfront investment in human resources and research and development under the management plan,」