Printable Version

Medium-Term Business Plan

Basic Policy

The global economic downturn following the failure of Lehman Brothers has had a significant impact on the business environment of the Company.
In Japan, the economy appears to have bottomed out, especially in the manufacturing sector. However, if the yen appreciates further or if the economies in China or the United States lose ground, a so-called double-dip recession will remain possible. The sense of uncertainty surrounding the economic outlook remains strong, and a rapid recovery and growth will be difficult to achieve in the current conditions.
In this environment, we will make it our policy to begin by responding to the quickly changing operating conditions, and minimize the impact on business performance by continuously strengthening our business and cutting costs. By doing so, we will achieve a steady recovery through sustained efforts to meet customer demands and earn their confidence, 365 days a year. In China, where economic growth remains robust compared with struggling developed countries, we will make it our policy to build our business more aggressively, using Chinese growth as an engine for the growth of the Group by becoming a bridge between Japan and China in the IT industry, centred primarily on the tie-up with the Digital China Group.

*We are carefully preparing a more detailed medium-term management plan. However, given the considerable uncertainty in the operating environment, we expect that the medium-term plan will need to be revised drastically. As a result, we have elected not to disclose the plan at this time. We intend to announce the plan in the second half of fiscal 2010, taking the conditions during the first half of fiscal 2010 into consideration.