Message from the President January.2023

Happy New Year (REF) to you all.
I'm sure that you have new goals and a new resolution to mark the New Year.

Last year, restrictions on activities for reason of COVID-19 were eased. We moved to a new phase of accelerating the normalization of economic activities under the pandemic by means of the national tourism support and the relaxation of immigration restrictions. As a result, a moderate upward trend in the economy was observed. However, the economic outlook remained uncertain with an increasingly tense international situation, soaring prices of resources and materials, and the depreciation of the Japanese currency.

As for the business environment, companies all over the world are speeding up technological innovation and moving at unprecedented speeds to develop products and services that meet diverse needs for extra value. In doing so, they are responding to industry-transcending changes in people's preferences and behavioral patterns under the persistent pandemic, while striving to realize a sustainable society. In order to meet expectations from these clients, we carried out our Mid-term Management Plan –The Transformation –during the year.

We, the Meitec Group, are an Engineering Firm at The Core. We have a mission of continuously seeking technological innovation based on changes in market needs and to answer clients' demands with the strength of our technologies. As a group of professionals that plays a core role in manufacturing through its "People and Technology," we will continue to be a corporate group that will serve to build a rich and sustainable society through design and development services for our clients' high value-added products and services.

We have only three months left before the end of the Meitec Group Mid-term Management Plan – The Transformation. We will focus our energies on the pursuit of technological competence to create new value, as well as on high value-added services for clients. We will offer services that will satisfy them to serve the construction of a sustainable society. The year 2023 is a year of the rabbit according to the Chinese zodiac. We will jump like a rabbit in the twelve months to come.

Please allow me to conclude my New Year’s message by wishing you and your families good health and the best of success for the year ahead.