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ANNUAL REPORT 2012

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Pursuing Sustainable Corporate Value

Top Message / Feature

It is my pleasure to write to you in our annual report for the year ended March 2012. The past fiscal year, the second of Midterm Corporate Strategy 2012, was positioned as a year for action. In fact, it turned out to be a year filled with challenges. The outlook for the year was already uncertain in the aftermath of the Great East Japan Earthquake and nuclear accident as well as the Arab Spring that occurred in the year ended March 2011. But it became even more challenging as the European debt crisis worsened and Thailand was engulfed by severe flooding. However, we surmounted these challenges. We drew on every ounce of strength we have as a company to surpass our full-year earnings forecast and post net income of ¥453.8 billion. Importantly for our future growth, we also made progress executing our investment plan. The external operating environment remains extremely uncertain as I write this letter. The European debt crisis seemingly has no end in sight. The situation in the Middle East is still unsettled. And we are seeing gyrations in crude oil and other commodity prices. As we navigate through these shifting obstacles, we have rededicated ourselves to achieving the targets of Midterm Corporate Strategy 2012. We will push ahead to strengthen our existing earnings and develop new businesses for future growth. President and CEO Ken Kobayashi
  • Message From the CEO (Movie)
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