Omron 2002 Annual Report Download - page 5

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Omron Corporation 3
Representative Director
and Chief Executive Officer
YOSHIO TATEISI
managing officers, with me as chairman, to implement structural reforms
aimed at raising productivity throughout the Omron Group.
During the past fiscal year, we completed virtually all the work required to
draft specific measures to build the necessary operating structure for Omron;
close and consolidate operating bases, and reallocate the affected businesses
and personnel; accelerate the transfer of production to overseas plants,
particularly in China; exit low-profit and unprofitable businesses; and raise
employee productivity.
With the severe business environment projected to continue, we will make
strategic investments in future growth, primarily in our core Industrial
Automation and Electronic Components businesses. At the same time, we
will carry out the measures drawn up by VIC21 and accelerate structural
reforms to execute the urgent task of building a solid corporate structure that
does not depend on market recovery for its survival.
The current fiscal year will clearly be a crucial period for Omron’s
structural reforms. By moving ahead with each of these reforms without
turning back, we plan to quickly revitalize Group results as well as create a
sustainable profit base to maximize the company’s value over the long term,
one of the objectives of GD2010. Doing so will enable us to fulfill our
commitment to generating steady shareholder returns and justify your
continuing support.
YOSHIO TATEISI
Representative Director
and Chief Executive Officer