In recent years, it has become incredibly difficult to set initial financial forecasts. Despite the various uncertainties affecting this fiscal year, such as Ukraine issue and the lockdown in Shanghai, following various considerations we have come to forecast 1.2 trillion yen in net sales and 102 billion yen in operating income.
One of the key themes for this year will be price revisions. Raw materials, logistics, and other costs continue to rise. Key for us this fiscal year will be how we pass on these cost increases to our users. While we are involved in various industries including the bearing industry and the motor industry, overall the biggest issue for us this fiscal year will be how we respond to soaring raw material prices. Personally, I believe the hike in raw material prices will continue over the medium to long term. As such, I think we have no choice but to revise our prices, and I also think that other companies in our industry will take the same approach. I am confident that this is the correct response.
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