The business environment in Japan and oversea countries has been changing dramatically in recent years. Advanex is taking various measures to keep up with this rapid change.
We established a new factory in Saitama Japan which started its operation in January 2016 and we are going to establish our second factory in Mexico and the second in Vietnam.
In addition, we will establish sales offices in China, India and Germany.
We are aggressively working on M&As in such as the acquisition of part shares of an Indonesian car components maker. Deep drawing technology, which we acquired 2 years ago, has provided an opportunity for us to enter new fields such as medical and automotive market by utilizing our network and collaborating with our tooling technology.
While we extensively create change, we also stick to our unchanged policy "Advanex Perfection: Pursuit of excellence in production." This policy emphasizes not only the importance of following the drawings and standards when manufacturing products, but also user-friendliness and overall enhancement of customers' production yields. At the same time, I believe the pursuit of "beauty/artistry" as product functionality or reliability is our company origin.
Advanex celebrates its 70th anniversary in November this year. All members including myself would like to thank shareholders, customers and suppliers for all their support in the past and would like to ask for your continuous support and encouragements in the future.