Presentation Transcripts

Our strategies have four areas of focus.
First, we added a spear to the Seven Spears to make it Eight Spears. Now that U-Shin has joined our group, we added its access products to the spears. As I've continued to say, the Seven Spears, now Eight Spears, strategy targets niche markets where we can take advantage of our strengths, such as our ultra-precision machining technology. It focuses on products that are traded in large markets and are going to be around for a long time. We will also focus on what we call INTEGRATION, i.e. harnessing our ability to combine different technologies to create synergy.
Secondly, we will launch new products into the market. There are a number of technology drivers out there, such as those I mentioned earlier, and we will launch new products that are right for them.
Thirdly, we will aggressively target the medical, infrastructure, and home equipment markets, where we currently don't have any real presence.
Finally, we will continue to seek M&A opportunities. In laying the foundation for 1 trillion yen, we generated a cohesive force. Many companies, including those in Japan, drop out of the race because they can't catch up with the rapidly changing times. We'll pick up what they leave behind and apply the power of INTEGRATION. We expect to see these opportunities pop up frequently over the next ten years, as we focus on M&As.
Personnel development is one of the biggest challenges I see in the coming decade. Now that our company is quickly growing, and as the current management team is aging, developing the next generation of leaders and passing the torch to them is a major challenge I must address as we continue to grow the company.