New Year’s Greetings
Under our management policy of “Contributing to the society through creating new values so that everybody can envision a bright future,” we, at Toyo Machinery & Metal Co., Ltd. and its group companies, contribute to our customers’ business development by further strengthening our total business capability in the global arena and by introducing more extensive lineup of products in compliance with the SDGs concept.
Happy New Year 2022! At the beginning of the new year, I would like to express my heartfelt appreciation to your continuous patronage and supports to us in the past year.
At the start of our FY2021 last April, we kicked off a new three-year mid-term business plan through FY2023 with the new management principle that was released then. To achieve each objective of the plan, we will develop our business more globally with a keen sense of speed according to our new business strategy.
To see the world economy these days, it is obvious the business has returned to an upward track with each region at each pace. In addition, we have come to see a sign of hope thanks to the worldwide vaccination campaign going on and medicine development in progress against the novel coronavirus.
However, the future is still unpredictable what with the intensified conflict between the U.S. and China and with other geopolitical dynamics, and also with the worldwide trend shifting toward the decarbonized society. In addition, we need to stay vigilant against the threat of the recent explosive surge of highly contagious omicron variant.
Regarding our business, we see solid demands from the IT electronics and medical sectors in China these days. In addition, automotive and livingware-related businesses are clearly in the recovery mood in South East Asia, Europe, America as well as Japan. Thus we are enjoying abundant orders far exceeding the level of the previous year that was heavily affected by the pandemic. However, the worldwide serious shortage of semiconductors forces our production schedule to delay for some machine models. We would like to deeply apologize to the customers affected by the delayed shipment. Now, we are trying our best to get the necessary components as early as possible so that the production delay can be minimized.
This year, we will participate in the following major exhibitions:
- K2022 world-largest trade fair for plastics and rubber that is triennially held in Dusseldorf, Germany.
- Japan Die Casting Congress & Exposition held at “Pacifico Yokohama,” in Yokohama, Japan, where you can see firsthand our innovative Die Casting Machines designed in new concept.
We also have a plan to hold “TOYO Private Show 2022” where we will be releasing new cutting-edge Plastics Injection Molding Machines. We look forward to seeing you at these shows.
In concluding my New Year’s Greetings, I would like to wish you and your family a bright year filled with prosperity and happiness.