I'm Shoei Yamana, President and CEO of Konica Minolta, leading our 40,000 worldwide employees forward as of April 2014.

Fiscal 2013 (April 1, 2013–March 31, 2014) marked the conclusion of our Medium Term Business Plan, GPLAN 2013. During the year, the entire Konica Minolta Group advanced its “Genre-top” strategy, working together to achieve sustainable growth. We achieved major increases in both sales and profit, with consolidated sales of ¥943.7 billion, up 16.1% year on year, and operating income of ¥58.1 billion, up 43.0%. In addition to the gradually improving global economy, the Group benefited from the effects of the persistently weak yen, increased sales of main products in our mainstay Business Technologies Business, and acquisitions.

Society today is changing faster than even before. Once upon a time, making good products was enough to ensure sales. Those days are gone. These days, only companies that work with customers to solve problems while contributing to society and the health of the environment will be able to grow sustainably.

My goal over the next three years is to shift the Company to a totally customer-centric style of business. We will use our excellent relationships with customers around the world to create new value and evolve our Genre-top strategy.

To achieve this business overhaul, we launched the new Medium Term Business Plan TRANSFORM 2016 in April 2014. Under this plan, we will strengthen service and solution proposal capabilities, seek out ways to create higher added value in our businesses while honing development and manufacturing, and support and nurture our human resources.

We will put our full strength into to building a company that is stronger and more flexible.

In leading the management at Konica Minolta, I regard the fiscal 2016 goals as a commitment. I'm completely determined to reach them. Thank you for your ongoing support and confidence.