To Our Shareholders and Investors

During the fiscal year ended September 30, 2018, the global economy remained uncertain caused by some concerns such as US-China trade friction and UK’s exit from EU, but it also showed some growth driven by robust US economy and solid EU domestic demand. Japanese economy also kept on expanding moderately despite the concerns over the influences by changing world affairs.

In the semiconductor market, unlike the situation in which the semiconductor demand has ever depended upon that of specific applications such as smartphones, the consumption of both memory and logic semiconductors increased by the diversified applications used in data centers, automotive, robots and AI (artificial intelligence). Meanwhile, the FPD market was overall stable; Chinese manufactures have been aggressive in capital expenditure for Gen 10.5 LCDs, while the investment in Gen 6 OLEDs was delayed.

Given this situation, the MJC Group formed and released the “MJC Future Vision”, which shows how we are planning for the future. Under this vision, we focused upon the activities intending to boost competitiveness for quality and delivery by further promoting our QDCCSS, which will enable us to make further technology advancements and contribute to a more prosperous society.

Through these efforts, we managed to maintain our market edge by responding with flexibility to a fluctuation in demand forecast in the probe card segment. For test equipment (TE) segment, some progress was made in the new product development. Employees’ recognition toward QDCCSS, which was deepened by these initiatives, could be also one of the accomplishments.

As a result, in the consolidated fiscal year ended September 30, 2018, net sales were ¥30,091 million (up 5.7% year on year), operating income was ¥3,195 million (up 111.8%), ordinary income was ¥3,440 million (up 118.7%), and net income attributable to owners of the parent was ¥2,489 million (up 115.6%).

MJC Group will continue to implement the key measures to realize the ideal company described in “MJC Future Vision”.

I sincerely hope to have your ongoing support.

December 2018
Masayoshi Hasegawa
Masayoshi Hasegawa
President & CEO