As we pause to spend time with our friends and family during the holidays, I wish you many warm regards. And I hope you, too, have a chance to recharge your batteries for an electrifying new year and exciting decade ahead!
This fall has been very busy finalizing new developments and bringing new products to the market. As the general market growth is slowing down, we have been grateful that our business has continued to proceed quite well.
Finland’s spring has warmed up to a hotter-than-usual summer up here in the North. Likewise, our fiscal year is proving to be warmer than anticipated. Thanks to several significant orders, we are heading toward a good year.
Our fiscal year is not the calendar year. Instead, it runs from March 1 through the end of February, as is typical for many Japanese companies. The Japanese new year starts with the blossoming of cherry trees. Similarly, our business has been flourishing, too. Our revenue has grown and our profitability improved during the past fiscal year.
As the calendar year comes to a close, it’s a good time to reflect on what the year has brought our way.
When I visited China Wind Power 2018 a few weeks ago, I was pleased to see how the offshore wind business was taking off. Products are being developed in China for upcoming 8 to 10 MW turbines, and the technology of choice seems to be either direct-drive or medium-speed permanent magnet generators.
Summer has come to Finland, with some of the warmest and sunniest days we’ve had for a few years. So we’re preparing to enjoy the abundant light and renew our energy, spending time to reflect on upcoming developments and our journey ahead.
As of March 1, 2018, we became Yaskawa Environmental Energy Division with global responsibility in our selected areas of wind, marine and turbo/industry applications. For us, this now provides a good foundation to continue focusing on our mission to electrify the world with ultimate efficiency.
The year 2017 is coming to a close. So, let’s now take a moment to reflect on how The Switch has been able to electrify the different businesses and partners that we’ve touched throughout the year.
The Switch has come far as the result of hard work and reached several new milestones over the past few months. So what are they?
When The Switch was founded, we based our entire business idea on the fact that we wanted to help people change how they use electricity and choose how electricity is produced. So what about now?
We made it together! We have endured the challenging times and have turned the company back onto a profitable growth path.