To shareholders and investors

Supported by growing global awareness of the environment, we have seen a significant increase in shipments, mainly for electric vehicles (EVs), and consolidated sales have increased by more than 10 billion yen from last year. Although the effects of the new coronavirus infection still remain, this is due to strong demand for EVs, especially in Europe. This momentum will continue after 2022, and further demand is expected to increase.

In order to respond to this increase in demand, EV-related manufacturers, including our company, must promptly expand their facilities and establish a sufficient supply system, which is the most important issue for maintaining the supply chain surrounding EVs. It has become.

In addition, since the automobile industry brings many benefits to the employment and economy of the country and region, the related industries are strongly required to be localized. Therefore, we have strengthened our supply system in South Korea, but decided to manufacture separators outside of South Korea in the future.

Start-ups like ours have overcome many financial and human challenges in order to enter the automotive industry and play a part in the supply chain, but we will continue to have even greater potential. We are confident that we will continue to take on the challenge of even greater potential and meet the expectations of our shareholders.

We are grateful for your support to be able to report on the 17th business year and to reach the 18th business year. We, the management and employees, would like to express our sincere gratitude to all of you.

CHoi Won Kun
Representative Director W-SCOPE Corporation