Message from the President Jun.2010

a monthly magazine for our employee Jun.2010

We Should Not Make Easy Speculation

As you are aware, at the IR meeting on, Thursday, May 13, 2010 following the disclosure for the Fiscal Year ended March 31, 2010, there was a comment from the attendant that our forecast is too conservative.

Our forecast might be considered conservative if one look at our recovery trend during the latter half of the previous fiscal year. But I think we should look at the reality since our target for this year is to achieve self sustaining continuation of business by over coming the crisis on our own. In reality, if we look at the world economy, Greek crisis has affecting the European economy negatively, and destabilized the stock market. This means, until the world economy as well as the Japanese economy stabilizes, we should not make easy speculation about the about outside environment.

At the same time, we have also clearly stated to the stock market that meaning of “overcoming the crisis” to us is to achieve the level where we can lift the counter crisis measure.

We should not be swung back and forth by the fluctuation of the exchange rate, nor should not be optimistic or pessimistic about the financial market and stock market. Now, we should not miss a chance to catch the strategic R&D movement facing the future, and sales force and engineer, together, need to continue effort to achieve orders.

June, 2010