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Spring has arrived in Fuji and Fujinomiya. Now that the Corona disaster has calmed down, many foreign tourists are visiting Japan, and Shin-Fuji Station on the Tokaido Shinkansen, the gateway to Mt. Fuji, is no exception. The cherry blossom season will soon arrive.
We hope you will come and visit our city.
Now, 2024 started chaotic since the Noto Peninsula Earthquake and the Japan Airlines accident at Haneda Airport have occurred.
In addition to the fact that it is expected to take a considerable amount of time to recover from the earthquake, the political and economic situation remains unsettled due to the slush fund scandal of political fund parties, has been discussed since the end of last year.
The global economy appears to be slowing. Although the stagnation of the Chinese economy is likely to be offset by solid growth in the ASEAN5 and other emerging economies that serve as recipients of production and demand, and a sharp slowdown is likely to be avoided, the impact of election results around the world, including the U.S. presidential election in November, will continue to be a downside factor. On the other hand, Japan's economy is expected to continue to grow led by domestic demand. Private consumption is likely to recover due in part to a tailwind such as a rise in wages and savings accumulated from the corona disaster heading toward consumption, despite downward pressure from prices.
Capital investment by companies is also expected to remain firm against the backdrop of demand for digitalization and other factors.
The environment surrounding our core domestic health food business is unpredictable.
In addition to the need to respond to the changes in the system and operation of functional food labeling that began last year, we are facing a crisis of declining consumer confidence in health foods themselves against the background of health hazards caused by specific raw materials. We are pleased to contribute to the health of the world's population by recommending the Mission "Sunsho will strive to be the best partner to all people whose lives we touch." As a contract development and manufacturing company, we hope not only to be the best partner of our customer, but also to be able to deliver absolute reassurance and safety to consumers who are loved in, takes healthy foods and to increase their confidence in healthy foods.
We look forward to your continued support in the future.
Row Imamura, CEO