VALQUA, LTD.

Chairman’s Message

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We are pleased to report on our performance in the second quarter of the fiscal year ending March 2024.


Up to the second quarter, the global economy was generally sluggish due to the completion of the recovery from COVID-19, inflation, the deterioration of U.S.-China relations, and the Russian invasion of Ukraine.
As far as the Japanese economy is concerned, personal consumption did not grow as much as expected due to the impact of high prices. In the manufacturing sector, despite a recovery in production trends in some sectors such as automobile-related industries, rising costs and other negative factors resulted in a lack of momentum as a whole..


Against this backdrop, VALQUA implemented measures to secure earnings and improve profitability by accelerating responses to all kinds of changes in the business environment and further promoting operational efficiency.
As a result, although consolidated net sales increased year on year, figures for operating profit and below declined due to the deterioration in semiconductor-related business conditions and rising costs.


In the second half of the fiscal year, there are a number of uncertain factors that could affect the recovery of the global economy, such as geopolitical issues in various parts of the world and energy and raw material prices. In particular, there are concerns that the deterioration of business conditions in semiconductor-related industries around the Company could be prolonged.


In response to this, from the perspective of "protecting growth" set forth in the medium-term business plan "New Frontier 2023" (NF2023), which ends this fiscal year, Valqua will continue to promote both offensive and defensive reforms with the aim of achieving "Sound and Sustainable Growth" into the future.
At the same time, we will create new value through DX (digital transformation) and other initiatives, and conduct business operations that envision the "next peak" in growing markets.

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