Company/ Sustainability

Top Message

During the fiscal year ended March 31, 2023, the Japanese economy was affected by momentum toward normalizing social and economic activity amid a scenario of the authorities easing restrictions that had been imposed on movement due to the COVID-19 pandemic. However, the economic outlook has remained uncertain due to factors that included rising prices caused in part by soaring energy and raw material prices against a backdrop of developments such as the prolonged conflict between Russia and Ukraine, and also due to downside risk in overseas economies attributable to monetary tightening and other such developments worldwide.

Under such circumstances, Taiheiyo Kouhatsu Group (the "Group") sought to fortify its earnings infrastructure and secure profit by actively engaging in sales activities in its respective business domains.

As a result, the consolidated business performance for the fiscal year ended March 31, 2023, was as follows. Net sales increased 55.3% year on year to 51,016 million yen largely due to rising sales prices of imported coal.
Meanwhile on the profit front, ordinary profit increased 239.1% to 1,325 million yen and profit attributable to owners of parent increased 89.1% to 694 million yen largely due to an increase in sales volume of imported coal.

In regard to the outlook for the Japanese economy going forward, the prospect of moderate recovery seems likely with progress being made in normalizing social and economic activity amid a scenario of the authorities easing restrictions that had been imposed on movement due to the COVID-19 pandemic. However, the economic outlook remains uncertain due to factors that include soaring energy and raw material prices and downside risk in overseas economies attributable to monetary tightening and other such developments worldwide.

Under such circumstances, the Group aims to establish a stable management foundation underpinned by its corporate philosophy of, "we enable people to realize abundant lifestyles by positively engaging in our business activities while fulfilling our corporate social responsibility." To such ends, we will continue to enlist an approach entailing appropriate business selection and concentration in our respective business domains while seeking to streamline our operations.

The current fiscal year ending March 31, 2024 (fiscal 2023), serves as the final fiscal year of our medium-term business plan. Accordingly, we seek your ongoing understanding, guidance, and encouragement as we harness the combined efforts of our employees and officers toward achieving objectives of the plan.

TAIHEIYO KOUHATSU INCORPORATED
Yoshinori Itagaki, President

Initiatives of Taiheiyo Kouhatsu

  1. Initiatives in our existing business domains

    We will strengthen existing business underpinning the Group while working to ensure consistent earnings through the following initiatives.

    • ・Maintaining high occupancy rates in our real estate rental properties
    • ・Gaining more managed condominium buildings and increasing their profitability
    • ・Achieving higher occupancy rates in our fee-based senior living facilities
    • ・Expanding our business involving pellets and other forms of biomass
    • ・Maintaining and expanding business conducted with Kushiro Power Station
    • ・Generating higher revenues from operations in Hokkaido that include construction, transportation, and fertilizer and other manufacturing
  2. Initiatives in new business domains

    We will actively proceed with efforts in the following new business domains in seeking to secure new revenue sources.

    • ・Business involving leases on land owned by the Group in Kushiro, Hokkaido
    • ・Business involving recycling of wood-based resources
  3. Initiatives to enhance corporate governance

    The Group will persist with the following efforts to enhance corporate governance going forward.

    • ・Ensuring appropriate compliance with Japan's Corporate Governance Code
    • ・Establishing and operating internal control system
    • ・Appropriately carrying out risk management practices
    • ・Implementing compliance education

Profile of the President

  • Name

    Yoshinori Itagaki, President

  • Birthplace

    Hokkaido

  • Career summary

    Apr. 1984 Joined the Company
    Oct. 1998 Manager of General Affairs Sect., General Affairs Dept.
    Oct. 2006 General Manager of General Affairs Dept.
    June 2007 Director
    June 2015 Managing Director
    June 2017 President