On April 1, 2022, New "NITTAN" gave its first cry. While it is said that a baby who was born after a difficult delivery grows well, newborn NITTAN had to make a start in the harsh business environment.

We are in our third year of living with the COVID-19. Although the number of infected people is on a declining trend, it is still unpredictable when the infection will spread again, and an unstable situation in the global economy and the political climate continues.

In addition, in order to deal with the global environmental problem, a worldwide pressing issue, the trend toward electrification and carbon neutrality are rapidly accelerated in the automotive industry, and we have to say that the existing engine parts manufacturers face severe adverse winds.

In such a situation, our newborn NITTAN shall find a solution in various approaches, through NITTAN Challenge 10, focus on not only the global environment protection, but also the cultivation of new business to preserve, continue, and expand the business, and achieve the improvement in corporate economic value.

In addition to practicing "Save the Earth" by deploying NITTAN's Carbon Neutrality activities as the global management policy, we shall enhance production efficiency and quality outstandingly, promote energy and resource saving, and fulfill the corporate social mission.

Furthermore, by centering on "manufacturing of better products" and "commercializing while NITTAN still can leverage its strength", NITTAN group shall launch full-scale efforts to overcome this difficulty, get the business on track, and aim for a company to be loved by many customers. I respectfully request your continued support.