Happy New Year, everyone!

Today is the first day of 2024. On the occasion of the arrival of the New Year, I would like to wish you all a happy New Year!

At the beginning of this year, I would like to take this opportunity to look back the year 2023 and then address about the future.

Looking back on 2023

As we stand on the threshold of a new year, it gives me great pleasure to look back on 2023, a year that was undeniably filled with challenges.

The slowing down of the Chinese economy, geographical tensions such as the conflict in Ukraine, and the US-China conflict, have all presented significant obstacles. These global events have tested our resilience and determination, but we have faced these challenges head-on.

Despite these adversities, I am incredibly proud of the adjustments we've made to stay on track and meet our targets. I am thrilled to announce that we have achieved a significant milestone last year by delivering 5000 units. This achievement is a testament to our commitment and dedication.

Furthermore, the opening of our Chengdu office in March has expanded our service capabilities, demonstrating our unwavering dedication to growth and development. And let's not forget the construction of our new factory, which is progressing on schedule. These are remarkable achievements that I take great pride in, particularly considering the difficulties we faced this year.

At this juncture, I would like to express my profound appreciation to all my employees for your tireless efforts. Your hard work, commitment, and passion have been the driving forces behind our success, and I am deeply grateful.

Prospect to 2024 & beyond 

As we look forward to 2024 and beyond, I am filled with anticipation and optimism.

Based on our mother company, IHI Rotating Machinery Engineering’s midterm plan, we have a clear vision of our path forward.

We understand the big picture, we acknowledge our history, and we are excited to celebrate the 20th anniversary of our company and the inauguration of our new factory and moreover excited to achieve delivery of 6000 units within 2024.

Yes, we are facing strong headwinds and an uncertain situation， so we need to closely monitor the real situation to realize our goals.

However, there is no need to be pessimistic. The growth potential of the Chinese economy, our largest market, is significant. They are aiming to double the per capita income, which offers us a tremendous opportunity.

Another reason for optimism is you, our employees. Your attitude, commitment, and dedication are what drives this company forward.

Given our large capabilities, and with the right attitude, there is no limit to what we can achieve.

Reflecting back, when I was in charge of Chinese market as Sales 20 years ago, just when IHI-Sullair was established, we sold 20 units of compressors to China. At that time, I have never imagined that we would develop so rapidly. I have never imagined that we would grow so quickly, and now we are moving further into bigger market for wider business.

In addition, addressing about the career and life of our employees, I feel a deep responsibility. I wish to create an environment where you can fully exercise your potential, and I am committed to making that happen.  

To achieve our 2024 target goal, we need to maintain the right attitude.

"One Team" which is a concept in Japan, an idea that emphasizes of working together as unified group towards a common goal and I believe this concept is now our key word.  We should build a stronger teamwork by celebrating each other’s success, learning from our failures, especially during these challenging times, and progress together towards a shared vision.

Let's step into 2024 with optimism, resilience, and a commitment to work together as

Health and Safety

First and foremost, let's remember the importance of health and safety. No matter how far our revenue grows, health and safety of our employees and customers must always be our top priority. It is not just a responsibility, but a commitment that we owe to ourselves and to each other. This is a message I cannot emphasize enough.

Quality and Compliance

Quality is a key differentiator that sets us apart from our competitors. We are not just selling compressors but we are solution providers. Our commitment to delivering high-quality products and services is what defines us as a company.

Furthermore, fair play is an integral part of our company's ethos. We believe in doing business with integrity and transparency, ensuring that our company is always respected by society. Compliance isn't just about adhering to regulations - it's about maintaining the trust and confidence of our clients, partners, and the public.

As we look forward to this year, let's uphold these values and continue to strive for excellence in all we do. I firmly believe that with the efforts of everyone, IHI-Sullair  

can face any challenge that comes our way.

Finally, thank you all once again for your unwavering support and dedication.

I sincerely wish you and your family a prosperous and successful New Year.