Shigeru Mori, President and CEO
Please allow me to begin by extending my heartfelt gratitude for your continued support of the business operations of Moriroku Group.
I would like to take this opportunity to express both my sincere condolences for the loss of those who fell victim to the Great East Japan Earthquake and my greatest sympathy for those who suffered at the hand of the disaster. It is my dearest hope that the disaster area and everyone there who was afflicted is well on their way towards a speedy recovery.
Moriroku Group acted on our desire to be of assistance to rescue, restoration and other activities in the disaster area through providing assistance in the form of donating relief money through the Japanese Red Cross Society. Additionally, our employees also voluntarily carried out fund-raising activities for the same purpose.
Moriroku Group was fortunate in that we suffered no employee casualties as a result of the earthquake, and suffered only minute losses with regards to damage to equipment. However, the impact on both domestic and overseas production and sales for the Group, particularly in the automotive-related segment, has been significant due to damage suffered by our customers and their partner companies, with accompanying production downtime also playing a role.
Moving to a discussion of our 9th Medium-Term Plan (FY2010-FY2012), which we initiated last year, our goal through this plan, which espouses a basic policy of “establishing a foundation for sustainable growth,” is to respond to changes in the global market environment by establishing a formidable business base while accelerating structural reforms for our operations, as well as to form a corporate constitution through which sustainable growth can be achieved. To this end, we are currently addressing the priority issues of reforming our operational structure, reinforcing our consolidated business management, and strengthening our financial constitution.
With our presence as a holding company leading the way, Moriroku Group shall continue to devote its total capacity to handling these business challenges, and will seek through our operations to become a corporate group that society trusts. At the same time, we will continue endeavoring to enhance our corporate value through forming a corporate group capable of sustainable growth.
We sincerely hope to continue benefiting from your unwavering cooperation in and support of these endeavors.
June 2011
I would like to take this opportunity to express both my sincere condolences for the loss of those who fell victim to the Great East Japan Earthquake and my greatest sympathy for those who suffered at the hand of the disaster. It is my dearest hope that the disaster area and everyone there who was afflicted is well on their way towards a speedy recovery.
Moriroku Group acted on our desire to be of assistance to rescue, restoration and other activities in the disaster area through providing assistance in the form of donating relief money through the Japanese Red Cross Society. Additionally, our employees also voluntarily carried out fund-raising activities for the same purpose.
Moriroku Group was fortunate in that we suffered no employee casualties as a result of the earthquake, and suffered only minute losses with regards to damage to equipment. However, the impact on both domestic and overseas production and sales for the Group, particularly in the automotive-related segment, has been significant due to damage suffered by our customers and their partner companies, with accompanying production downtime also playing a role.
Moving to a discussion of our 9th Medium-Term Plan (FY2010-FY2012), which we initiated last year, our goal through this plan, which espouses a basic policy of “establishing a foundation for sustainable growth,” is to respond to changes in the global market environment by establishing a formidable business base while accelerating structural reforms for our operations, as well as to form a corporate constitution through which sustainable growth can be achieved. To this end, we are currently addressing the priority issues of reforming our operational structure, reinforcing our consolidated business management, and strengthening our financial constitution.
With our presence as a holding company leading the way, Moriroku Group shall continue to devote its total capacity to handling these business challenges, and will seek through our operations to become a corporate group that society trusts. At the same time, we will continue endeavoring to enhance our corporate value through forming a corporate group capable of sustainable growth.
We sincerely hope to continue benefiting from your unwavering cooperation in and support of these endeavors.
June 2011