Konica Minolta 2005 Annual Report Download - page 4

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2
TOOUR SHAREHOLDERS
The management integration of Konica Minolta
that was first announced in January 2003 is now
complete, with integration of IT and personnel
systems as well as operating locations proceeding
largely as outlined in the Konica Minolta Group’s
original medium-term integration plan.
Unfortunately, however, it will be difficult to
achieve the business performance goals previously
set for fiscal 2005, ending March 2006, which
means that we must regrettably make the first
correction to the original course that was set at
the time the integration was announced. This
course correction has taken the form of a new
medium-term business plan called the “V-5 Plan”,
which has helped us clarify the issues that have
arisen and which we believe will facilitate further
growth and the early achievement of our
performance goals. Our aim is to maximize
the corporate value of the Group by ensuring
that we meet these goals.