Message from the President
In fiscal 2022, the world economy has progressed to a new stage with the coronavirus and has shown some signs of gradual recovery, but raw materials and energy demand has declined due to the prolonged situation in Ukraine and the suppression of economic activity in China. In addition to persistently high prices and supply constraints, there was also a downturn in the economy and rapid fluctuations in exchange rates due to global monetary tightening.
Additionally, the display industry, one of our major markets, has seen rapid inventory adjustments, which has had a very severe impact on our group's activities. As a result, sales increased in fiscal 2022, but operating income, ordinary income, and net income attributable to owners of the parent company each decreased.
Since our founding in 1896, our group has provided products that meet the social needs of each era based on core technologies such as pigments, resins, and dispersions. Currently, as the social environment changes at a dizzying pace, our company must also change in order to contribute to the new era and achieve further growth.
We have reexamined the value we want to provide to society and redefined it as "value that resonates with the senses". In January 2024, we changed our company name to "artience Co., Ltd." (read: Artience) to express our strong determination to transform ourselves into "a company that delivers pioneering value with cutting-edge technology to people around the world, where every individual takes a leading role" by identifying the needs and challenges of the changing times ahead of time, and to express our desire to achieve this. The company has also changed its trade name to "" (read: Artience) to express its desire to achieve this. We will continue to provide the world with "value that resonates with the senses" that moves people's hearts and will contribute to the realization of a future where all people can live enriched lives by mobilizing the will and power of all our employees.
We look forward to your continued support and encouragement in the future.
January 1, 2024
President and Representative Director, Group CEO