Strengthening core business development capabilities through the hiring of development talent

「The key human-resource challenges identified by the Group include fostering an organisational culture that encourages people to take on challenges, strengthening expertise and development capabilities, improving management capabilities, strengthening collaboration across the Group and enhancing its ability to promote digital transformation. In addition, the Group positions improving "productivity per person-hour" through digital transformation, including the use of AI, as an important concept for allocating limited time to higher-value work and creating value, and is pursuing initiatives from both institutional and environmental perspectives.」

「Operating profit increased slightly year on year, as higher gross profit offset the increase in selling, general and administrative expenses. The increase in expenses reflected higher personnel costs resulting from recruitment, particularly in the development division, and salary base-ups as part of efforts to increase investment in people, as well as M&A expenses associated with making groxi and the subsidiaries of the Tescom Denki Group consolidated subsidiaries, and higher travel and transportation expenses and other costs as economic activity normalised after the COVID-19 pandemic.」

「Selling, general and administrative expenses increased because personnel expenses rose as a result of hiring personnel, mainly in the development division, and implementing base salary increases as part of increased investment in people, while property taxes rose following investment in the Hyogo Distribution Center to improve business continuity and efficiency. However, operating income increased overall year on year because of improved gross profit.」

「Accordingly, the Company will use ELECOM Asia Pacific IPO PTE. Ltd., established in April 2022, to diversify suppliers, primarily in Asian countries, and work with new suppliers, placing emphasis on maintaining quality, managing costs, and stabilizing procurement in order to establish a sustainable procurement environment for its products.」

「Operating profit declined because selling, general and administrative expenses increased from the same quarter of the previous year as personnel expenses rose due to active hiring, particularly in the development division, and depreciation increased as the Hyogo logistics center commenced full-scale operations aimed at improving business continuity and efficiency.」

「As ELECOM USA, Inc. and ELECOM Asia Pacific IPO Pte. Ltd. were newly established from the second quarter of the current consolidated fiscal year, they have been included in the scope of consolidation.」

「Operating income decreased because selling, general and administrative expenses increased year on year as a result of higher personnel expenses from the active hiring of development personnel to strengthen development capabilities, as well as higher depreciation expenses at the Hyogo Distribution Center.」

「Accordingly, the Company will use ELECOM Asia Pacific IPO Pte. Ltd., established in April 2022, to diversify suppliers, primarily in Asian countries, and work with new suppliers, placing emphasis on maintaining quality, managing costs, and stabilizing procurement in order to establish a sustainable procurement environment for its products.」

「Accordingly, the Group will strengthen its development capabilities by hiring development personnel in core business fields, continuously reduce procurement costs, diversify its suppliers, and pursue other initiatives to achieve the Group's sustainable growth.」

「Accordingly, the Group will strengthen its development capabilities by hiring development personnel in its core business fields and work continuously to reduce procurement costs, thereby pursuing the Group's sustainable growth.」

「Accordingly, the Group will strengthen its development capabilities by hiring development personnel in its core business fields and work continuously to reduce procurement costs, thereby pursuing the Group's sustainable growth.」