In October 2006, the management integration of Hankyu Holdings and Hanshin Electric Railway established Hankyu Hanshin Holdings. Since then, the Hankyu Hanshin Holdings Group has worked in unison to heighten the competitiveness of each business. At the same time, the Group has used its collective strength to increase overall profitability and grow earnings. In conjunction with these efforts, we have steadily improved our financial position.
However, the business environment of the Group is likely to change significantly as the population of areas served by its railway lines declines due to falling birth rates and an aging population, and as lifestyles and the conditions of everyday life evolve with the progress of technological innovation. Aiming to become a corporate group that can focus strongly on sustained growth even in such an environment, we announced the Hankyu Hanshin Holdings Group Long-Term Management Vision for 2025 two years ago. Last year, we prepared a medium-term management plan, which covers fiscal 2019 through fiscal 2022 and sets out concrete actions for realization of the long-term vision. At present, we are steadily advancing measures based on the plan. The accumulation of these measures will move us closer to realization of the long-term vision one step at a time.
In addition, the Group will continue with concerted efforts to fulfil its corporate social responsibility (CSR) through social contribution activities, environment-friendly business activities, rigorous compliance, and thorough risk management.
Going forward—adhering to our Group Management Philosophy—we will drive Groupwide growth while building relationships of trust with customers and local communities. At the same time, the Hankyu Hanshin Holdings Group will unite to advance initiatives that meet the expectations of all stakeholders. As we move forward, we hope our stakeholders will continue to support us in our endeavours.