We would like to take this opportunity to thank our shareholders and other investors for their continued generous support.
We offer our heartfelt sympathies to those who have suffered the effects of the COVID-19 pandemic. The ENEOS Holdings Group takes charge of the manufacture and sales of crude oil and copper that are indispensable for people's lives and economic stability. We will rigorously pursue measures to prevent the spread of the virus and fulfill our responsibility to continue supply.
ENEOS Holdings Inc. Changed its name from JXTG Holdings, Inc. following passage of a resolution at the General Meeting of Shareholders in June 2020. The purpose of the name change in response to the fiercely changing business environment was to alter the Group's operating framework and speed up decision-making and execution of duties, as well as to promote nurturing and creation of new growth businesses while using the highly recognizable ENEOS brand name.
The Group announced its Second Medium-Term Management Plan in May 2020. This plan covers a duration of three years, which has been positioned as a time to advance transformation to realize the Long-Term Vision announced in 2019. The impact of the COVID-19 pandemic has created unprecedented, extreme difficulties, but we will continue to devote our full capabilities to prevent the spread of COVID-19, stably supply energy and materials, promote steady implementation in accordance with the recently formulated second Medium-Term Management Plan and address various other issues needing solutions.
To continue to be a company needed by society and to fulfill the social mission to stably supply energy and materials, we will move ahead on steadily making a fundamental transformation for sustainable and stable growth.
We ask for your continued support and understanding as we endeavor to reach our goals.
Chairman, Group CEO, Sugimori Tsutomu
Representative Director, President, Ota Katsuyuki