Presentation Transcripts

Now I'd like to talk about all the changes to the business segments.

The smart products business has been transferred from the electronic devices and components segment to the Mitsumi business segment. Likewise, the home security units business has been transferred from the U-Shin business segment to the Mitsumi business segment. We made these changes in order to consolidate relevant businesses and basic technologies into the Mitsumi business segment. This will allow us to strengthen our own EMS (Electro Mechanics Solutions^™) strategy and integrate the mechanical and electronic technologies we have as an edge device manufacturer with an eye to creating high value-added products for our key markets such as the IoT market.
We will work to create greater synergy between related businesses and technologies. For example, we will turn conventional mechanical products, such as locks, into IoT products, such as the SADIOT smart lock.

We also transferred the automotive business from the Mitsumi business segment to the U-Shin business segment. This will enable us to make production and sales operations even more efficient by consolidating the automotive parts sold as Tier 1 supplier. We are also aiming to create synergies between products for vehicles equipped with more automatic and electrical components (such as U-Shin's three core products, CSD, flush handles, as well as e-Latch) and the high-frequency technologies of our automotive business to create higher value-added products.

The results for the fiscal year ended March 2021 as well as estimated sales for the fiscal year ending March 2022 for these businesses that have been transferred are as shown here.