I would like to express our sincere gratitude to our shareholders and investors for their continued support.
I am pleased to provide an overview of our consolidated business results for the fiscal year from January 1, 2021 through December 31, 2021 as follows.
At Tamron, we achieved profitability targets in Vision 23, the new medium-term management plan that was started in 2021, in the first year of the plan mainly due to an increase in sales in each segment and record a high gross profit margin, thereby achieving an early recovery to highly profitable financial conditions that we had maintained until our businesses were affected by COVID-19.
We will aim higher in 2022 and continue to work hard so that we can achieve net sales targets as well in the medium-term management plan a year ahead of schedule.
We look forward to the continued support of our investors and shareholders.