Toyota Boshoku Corp Business Briefing Transcript
Hello, everyone. I'm Takeshi Numa I would like to thank you for taking time out of your busy schedule to participate in today's briefing. I would like to start by thanking everyone involved in measures to prevent the spread of COVID-19 and all of your stakeholders working hard on a daily basis, mainly in the supply of materials, dealing with distribution issues and addressing changes in production plans.
In FY 2022, our earnings results were severe, primarily due to storing materials prices and a breakdown in distribution, reflecting high crude oil prices globally as well as the surfacing of impact from global turmoil. However, we were somehow able to forecast an upturn in earnings when we announced our third quarter earnings results.
I will now present a summary of our business operations. First, I would like to discuss business concepts and philosophy. We are undertaking measures in good faith to solve social issues for both people and society in general. It is our
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