Sekisui Chemical Co Ltd Midterm Business Strategy Briefing Transcript
I am Keita Kato, President and Representative Director of Sekisui Chemical. Thank you for taking time out of your busy schedule to join our presentation on the new Medium-term Management Plan.
First, I would like to explain how we position the new midterm management plan which covers the next 3 years leading up to FY '25. This plan is an extremely important second step, positioned as a core midterm plan in realizing our long-term vision, which envisions the group's ideal form in 2030.
First, let's review the previous midterm management plan. Page 2 illustrates the differences between our market assumptions at the time of formulating the previous midterm plan versus the actual. The box at upper left shows a projection on the impact of COVID-19.
Under the previous plan, we assumed the impact of the pandemic to subside in the second half of FY '20. However, in reality, the impact lingered for 3 years until FY '22. The global automobile production, indicated by the graph below, was impacted by COVID
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