Today the waves of change are affecting the nations and regions of the world, and the corporate environment is rapidly evolving as well. This means that enterprises must observe carefully the latest trends and implement policies that anticipate new developments, resolutely and without delay.
Never before in our company’s history has our Group had such a great opportunity to make a quantum leap forward. Despite the prolonged economic slump in Japan, the Daikin Group has made significant achievements, as exemplified by our accelerated momentum resulting in a consolidated profit increase for 13 consecutive terms. We have worked to increase corporate value by strengthening our profitability and financial structure. We plan to accelerate these efforts in the years ahead by achieving our goal of becoming a Global top-tier Company by fiscal 2010.
In achieving this demanding goal it will be important to go still further with our efforts in the areas of Fast & Flat Management, management systems that emphasize total corporate value, and the Daikin Technology Statement. We must work to continuously implement innovative renewal as we strive to advance in our key fields of air conditioning and fluorochemicals to the number one and number two positions, respectively, worldwide. At the same time, we must continue to undertake challenges in new fields of business, both domestically and internationally.
The driving force of innovation is people. We have therefore adopted a Group Philosophy for everyone in the Daikin Group to hold in common. It forms the foundation for management and enables us all to advance together, on the basis of shared consciousness and aspirations. If we believe in the unlimited potential of each employee, if all Group members display their vibrant personalities and take flexible actions, then we will have come a big step closer to realizing our aims of becoming a premier first-class global corporate group - a Group in which employees can have pride and enthusiasm.
The advancement of our company benefits a wide variety of stakeholders, including customers, shareholders, employees, and local communities where we are active. At the same time, we strive to maintain an awareness of the importance of environmental efforts under the precept “environmental response is an important management resource.” We intend to continue being a leading company in the practice of “environmental management” as a good citizen of the earth.
We at Daikin are committed to working together as a united team to achieve the ambitious goals we have set ourselves, in the confidence that we will emerge as a stronger presence in the twenty-first century. We look forward to your continued support and encouragement in these efforts. The new age of people oriented management, based on an awareness that reforms cannot be accomplished except through people, and we must continue to refine the details in a constant quest for improvement.
We at Daikin are committed to working together as a unified team in order to achieve the ambitious goals we have set ourselves, in the confidence that our company will emerge as a strong presence in the twenty-first century. We look forward to your continued support and encouragement in these efforts.
Chairman & CEO
President & COO