We are very grateful to all our shareholders and investors for their special support and high appreciation.
First of all, I would like to express my heartfelt impressions to those affected by the recent coronavirus disease (COVID-19), as well as to their families. I would also like to take this opportunity to express my deep appreciation to everyone who makes every effort to prevent the spread of the disease.
In response to the dramatic changes in pachinko/pachislot industry, we reviewed our business structure. In May 2018, we shifted to a new structure that focuses management resources on 4 in-house units. Under this structure, each unit worked to improve profitability and the Group worked together to achieve optimal cost management. As a result, in the fiscal year ended March 31, 2020, these 2-year initiatives bore fruit, and we achieved profitability for the first time in 4 fiscal years. I would also like to express my sincere gratitude for your support and patronage. We intend to return to our beginning before listing and take the path to regrowth.
On the other hand, the spread of coronavirus disease since the end of 2019 has had a serious impact on global productive and consumer activities. In order to contribute to the resumption of business activities both within and outside the industry, we are working hard to provide merchandise to prevent the spread of disease and to provide information services that respond to new lifestyles. In addition, we have implemented a variety of measures to prevent infections among our employees and are responding swiftly to drastically changing environments.
Based on our corporate philosophy of “The Greatest Leisure for All People,” we will continue to create outstanding entertainment that inspires and excites the world, and aim to be a company that contributes to the well-being of society as a whole. I would like to ask for your continued support and encouragement as the entire Group strives to meet your expectations.
Hidetoshi Yamamoto, Chairman, President and Group CEO
(The 32nd Annual General Meeting of Shareholders)