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08 Seiko Epson Annual Report 2005
Message from the President
With sights set on achieving the objectives of the Action07 mid-range business plan,
Epson is seeking to grow its two key business domains—information-related equipment
and electronic devices.
Information-Related Equipment and Electronic Devices to Realize Growth
For years, Epson has striven to build a business base that can generate stable earnings in any given
climate. In pursuing this goal, the company has reformed its operational structure, anchoring efforts
first on its SE07 medium-to-long-term business vision, and later on the concrete actions spelled
out in Action07. I am keenly aware that my mission is to take optimal advantage of this base, both
to stimulate another leap forward in growth and to achieve the objectives of Action07.
Inkjet printers are the core products in Epson’s information-related equipment segment. Here,
we have encouraged healthy growth in sales in Japan and markets overseas by strengthening our
lineup of multifunction printers and photo printers. In the electronic devices segment, although
sales of LCDs for mobile phones are holding firm in the mainstay display business, prices continue
to fall as competition intensifies. In this environment, ensuring the sound development of the
information-related equipment and electronic devices businesses will be crucial to achieving our
goals for Action07. Particularly in electronic devices, our most pressing task is constructing a business
base able to resist fluctuations in the mobile phone market. By devising and enacting targeted
initiatives, we hope to record net sales of ¥1,770 billion and a recurring profit margin of at least 9%
for the fiscal year ending March 31, 2007.
Seiji Hanaoka
President & COO