In the electronic equipment business, the Company strengthened its production system through activities to improve defective rates and shorten lead times for the semiconductor market, where demand is expected to grow, and made aggressive capital investments.
In the industrial equipment business, the Sanda Factory, which went into full operation in March 2020, is promoting automation using AGVs (Automated Guided Vehicles) and the use of ICT such as RFID (Identification and Management System using IC tags and short-range wireless communication) to promote automation and labor saving.
Due to the COVID-19 pandemic, we were put in a difficult situation including international travel restrictions. However, China quickly succeeded in implementing effective countermeasures against COVID-19, so we established Pillar Technology (Chuzhou) Co., Ltd. to strengthen our response to the expanding Chinese market.
In response to the demands of the times, such as 5G, hydrogen power generation, and decarbonization, we will strive to create products that utilize our unique technologies with the keyword“new” in the words of new products, new markets, and new applications. We aim to create the third and fourth pillars of our business, following our electronic and industrial equipment businesses.
In addition, we will build a technology development center in Sanda City, Hyogo Prefecture, and promote open innovation with an eye on future markets, in order to incorporate advanced technologies and create new innovations.
In addition to ensuring that all employees are aware of the ESG/SDGs through the establishment of our ESG/SDG Promotion Committee and internal training, we recognize that the promotion of diversity is essential for the sustainable growth of our Company and will further focus on promoting the activities of women. We will also continue to strengthen our corporate governance and raise awareness of compliance by revising the Group Code of Conduct.
In terms of shareholder returns, a key management issue, we were able to achieve a dividend payout ratio of 30.3% compared to our target of 30% or more.
We will continue to aim for a stable, continuous, and improved level of returns by balancing investment in growth.
|FYE March 31, 2020||Actual results at FYE March 31, 2021||Actual results at FYE March 31, 2022||Final fiscal year outlook at FYE March 31, 2023|
|❬Final fiscal year actual results❭|
|Operating income ratio||12.6%||16.1%||28.0%||26.8%|
|ROE||6.2%||7.8%||16.8%||8.0% or higher|
|Payout ratio||36.8%||34.6%||30.3%||30.0% or higher|
|Amount of capital investment||（Three-year cumulative)
|Electronic equipment business|
|Industrial equipment business|
|Electronic equipment business||Industrial equipment business|
|Achievements during FYE March 31, 2021||
|Achievements during FYE March 31, 2022||
|Action plan in the final fiscal year||
Capital investment under Each Medium-Term Management Plan(including software , etc.)
Profit per Share / Dividend / Payout ratio