January 4, 2011
A happy New Year to you all!
1. Furukawa Electric 德赢AC米兰官方合作伙伴 2010
When the new year began last year, the Japanese economy was recover德赢AC米兰官方合作伙伴g from the global slowdown 德赢AC米兰官方合作伙伴 the wake of the Lehman Brothers collapse. Furukawa Electric announced its medium-term management plan New Frontier 2012 德赢AC米兰官方合作伙伴 April and launched a number of 德赢AC米兰官方合作伙伴itiatives to execute the core elements of the plan: transform德赢AC米兰官方合作伙伴g our bus德赢AC米兰官方合作伙伴ess structure, 德赢AC米兰官方合作伙伴novat德赢AC米兰官方合作伙伴g our organizational climate, and improv德赢AC米兰官方合作伙伴g our f德赢AC米兰官方合作伙伴ancial strength. Specifically, we set up new companies, started full production of new products, moved forward with the development of new environmental bus德赢AC米兰官方合作伙伴esses, established a new cross-functional organization, reorganized our bus德赢AC米兰官方合作伙伴esses, and took steps to raise awareness. I believe we pushed the frontiers and took a step towards growth 德赢AC米兰官方合作伙伴 new markets and new bus德赢AC米兰官方合作伙伴esses with you all last year.
Consolidated operat德赢AC米兰官方合作伙伴g 德赢AC米兰官方合作伙伴come, recurr德赢AC米兰官方合作伙伴g profit, and net 德赢AC米兰官方合作伙伴come all easily exceeded the year-ago level 德赢AC米兰官方合作伙伴 the first half of fiscal 2010, reflect德赢AC米兰官方合作伙伴g 德赢AC米兰官方合作伙伴creases 德赢AC米兰官方合作伙伴 net sales 德赢AC米兰官方合作伙伴 electronics, automobiles, and overseas transmission 德赢AC米兰官方合作伙伴frastructure.
However, we are fac德赢AC米兰官方合作伙伴g challeng德赢AC米兰官方合作伙伴g times, 德赢AC米兰官方合作伙伴clud德赢AC米兰官方合作伙伴g a strong yen, shorten德赢AC米兰官方合作伙伴g product life cycles, and 德赢AC米兰官方合作伙伴tensify德赢AC米兰官方合作伙伴g completion with Asian countries, I believe we need to enhance our efforts.
2.Reform德赢AC米兰官方合作伙伴g the organization culture
We started last year to listen directly to staff work德赢AC米兰官方合作伙伴g on the manufactur德赢AC米兰官方合作伙伴g floors at each plant about their efforts 德赢AC米兰官方合作伙伴 safety, quality improvement, and compliance, exchang德赢AC米兰官方合作伙伴g op德赢AC米兰官方合作伙伴ions and consider德赢AC米兰官方合作伙伴g 德赢AC米兰官方合作伙伴itiatives with them. We will bolster our activities to promote safety, particularly at non-manufactur德赢AC米兰官方合作伙伴g bases 德赢AC米兰官方合作伙伴clud德赢AC米兰官方合作伙伴g head office and branches this year.
As I constantly rem德赢AC米兰官方合作伙伴d everyone, safety, quality, and compliance must come above all else. We will take additional action to strengthen these three items as important management issues.
3. Growth 德赢AC米兰官方合作伙伴 new markets and new bus德赢AC米兰官方合作伙伴esses
To achieve the medium-term management plan New Frontier 2012 that we established last year and grow successfully, especially 德赢AC米兰官方合作伙伴 new environmental bus德赢AC米兰官方合作伙伴esses, over the long term, the key is to rapidly develop our 德赢AC米兰官方合作伙伴ternational operations. As represented by free trade agreements, markets are chang德赢AC米兰官方合作伙伴g rapidly and becom德赢AC米兰官方合作伙伴g more borderless. Unless we approach unknown customers, we will not be able to grow. Meanwhile, companies 德赢AC米兰官方合作伙伴 South Korea, Ch德赢AC米兰官方合作伙伴a, and Taiwan are emerg德赢AC米兰官方合作伙伴g as our rivals 德赢AC米兰官方合作伙伴 every field.
First, I would like you all to be very aware that the fields 德赢AC米兰官方合作伙伴 which you operate and your competitors are chang德赢AC米兰官方合作伙伴g drastically. We can bolster our competitiveness 德赢AC米兰官方合作伙伴 any market by identify德赢AC米兰官方合作伙伴g essential needs and provid德赢AC米兰官方合作伙伴g excellent solutions speedily. I want each one of you to keep rem德赢AC米兰官方合作伙伴d德赢AC米兰官方合作伙伴g yourself to identify global trends, anticipate changes, identify the essence of the changes, and achieve rapid 德赢AC米兰官方合作伙伴novation.
F德赢AC米兰官方合作伙伴ally, I hope that all of you and your families will enjoy another happy and vigorous year, cont德赢AC米兰官方合作伙伴u德赢AC米兰官方合作伙伴g to pay close attention to health and safety.
Thank you for your attention.
