IR Information

Please allow me to express my best wishes for continuing growth and prosperity of our stockholders. I would also like to take this opportunity to express my deep appreciation for your support and patronage of the SHOWA CORPORATION.

The business environment that surrounded the SHOWA group of companies in the period ending March 2010, economic conditions were still extremely severe and early recovery was not expected at all. .  However, we have initiated group-wide measures that improved operational efficiency, continued cost reductions, establish most appropriate manufacturing system, reviewing in-house and outsourced production, consolidating, transferring, and applying flexibility to production lines in order for us to survive the severe economic conditions, to establish solid business foundation, and strengthen profit-earning constitution with regards to business sizes expected in future with considerations to our competitive capacity.

As for the future prospects, in developed countries due to the motor vehicle sales, eating up demand in advance, facilitated by various incentive measures taken by governments, have the counter-reactions are anticipated.  However, demand for motor vehicles is expected to increase in developing countries leading to as overall demand increases for the world.

Recognizing that we are still under bleak conditions, we must accomplish our objectives through ranges of measures to construct the most appropriate production system, enhance profitability and strengthen financial condition as well as production systems by placing “Downsizing”, “Flexibility”, and “Reforming Structure” as our keywords for business and operational developments.

We look forward to the continuing support of our stockholders as we carry out the business activities in the future.

June, 2011
president