Message from the CEO
I would like to take this opportunity to express my sincere gratitude to our shareholders for their continued generous support and understanding.
The Japanese economy continued a gradual recovery against a background of improved employment and income conditions and an uptick in capital expenditure and consumer spending. The economic situation also remained unstable, given uncertainty in overseas economies and fluctuations in the financial and capital markets, reflecting the Brexit decision and the outcome of the presidential election in the United States.
The electronics industry, in which the Marubun Group operates, is experiencing a major shift. There has been a string of large-scale mergers and acquisitions among semiconductor manufacturers to strengthen their competitiveness, accelerated restructuring among Japanese electronics manufacturers, who are our customers, and progress in mergers among electronics trading companies.
Meanwhile, innovation continues in advanced technologies, and a new market has been created through the sophistication of complex technologies, such as IoT, the increase in the number of automobiles equipped with an advanced driver-assistance system (ADAS), and the progress of research and development for automatic driving.
The Marubun Group believes that such changes present new business opportunities. It aims to become a lean corporate group that is capable of sustainable growth by swiftly implementing the following three initiatives.
First, is to catch up with and actively take part in the reorganization of the industry to create synergies. Second, is to focus on developing new businesses by actively investing in innovation. Finally, the Group will build an even stronger business foundation by increasing its capital efficiency.
We will commit all our strength to these management reforms to become a “robust company that can realize sustainable growth.”
I humbly ask for the continued support of our shareholders as we pursue these initiatives.
Chief Executive Officer