Returning to the spirit of our "Corporate principles" to create new value

ShinMaywa's history began in 1920 with the manufacturing of aircraft, subsequently expanding to social infrastructure such as special purpose truck and industrial machinery. Now, 100 years after our founding, we continue to meet our customers' needs and expectations through our products and services.

We are grateful that our customers need us, and we repeat the cycle of worrying, thinking, and answering to meet their expectations every day.

In this context, we have formulated our Long-term management plan [SG-Vision 2030] to lead us toward our Long-term vision (what we are aiming for ShinMaywa to have become by 2030, based on our Management philosophy).

Our 10-year plan [SG-Vision 2030], oriented to our Long-term vision, is structured to reach its goals through three Medium-term management plans. In this plan, we present our growth potential and social responsibility, including new business development, our business portfolio, and our efforts to realize a decarbonized society.

ShinMaywa Group, which operates five main businesses, has always been committed to technological advances and expansion of services required by the times. Under these circumstances, we believe it is necessary to keep in mind the possibility that the accepted mindsets of our key businesses may change due to labor shortages, diversity considerations, and other factors that have become social issues.

With this in mind, we established the New Business Strategic Division at our Head Office in 2022 to create a new business that will become our sixth pillar. In addition to promoting various initiatives to dispel preconceived notions, the members themselves are in charge of multiple development themes and are working hard on a daily basis. One goal is to introduce budding seeds that will bear fruit in the future during my term as president.

The occurrence of violations of the Antimonopoly Act in the Parking systems and Special purpose truck businesses has shaken the foundation of our Group’s management. It has also damaged the trust placed in us by our stakeholders. We recognize this as a serious situation that threatens the very basis of our commitment to sustainability-oriented management. To all our valued customers and business partners who have placed their trust in our products and services, to our shareholders who have chosen to invest in our company with expectations for future growth, and to our employees, I would like to extend my deepest and most sincere apologies on behalf of the company. It is truly regrettable that such a situation has occurred, and we take this matter with the utmost seriousness.

The recent issue in the Special purpose truck business was identified through a company-wide questionnaire conducted as part of our recurrence prevention measures. These measures were initiated following the Japan Fair Trade Commission’s on-site inspection of the Parking Systems business. After confirming the facts, we voluntarily reported the matter to the Japan Fair Trade Commission and applied for the leniency program. As a result, no Cease and Desist Oder or the administrative fine was issued. However, the fact remains that a legal violation occurred, and we have taken strict disciplinary action against those involved.

Our Group is built on the trust of stakeholders, including customers, business partners, and shareholders. To ensure that such misconduct is never repeated, we will return to the spirit of our Corporate principles and continue to implement the recurrence prevention measures we have announced. We will do so steadily and with persistence. We sincerely ask for your continued support and understanding.