Casio 2005 Annual Report Download - page 4
Download and view the complete annual report
Please find page 4 of the 2005 Casio annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Business Environment
Duringthetermunderreview,endedMarch
31,2005(hereinafterscal2005),the
expansionoftheworldeconomybecame
moremoderate,withgrowthslowinginthe
U.S.economyandAsia,allofwhichhad
beenperformingsteadily.TheJapanese
economyperformedwell,showingsignsof
moderaterecoveryincludingimprovement
incorporateearnings,anaccompanying
increaseinprivate-sectorcapital
expenditures,andsignsofimprovementin
consumerspending.
Nevertheless,somecausesforconcern,
includingaslowdowninexportsanda
levelingoffinprivateconsumption,also
emergedduringthesecondhalfoftheyear,
andtherehasbeensomeuncertaintyabout
theeconomicoutlook.
TheoverallmarketforCasio’sbusinesses
improvedandcontinuedtobedrivenby
growthinnewproducts,typicallyconsumer
digitalelectronics(digitalcameras,cellular
phones,LCDTVs,andDVDs).However,
somecausesforconcernoverthefuture,
suchasinventoryadjustmentandfalling
productprices,haveemergedasaresultof
thedeteriorationinthebalancebetween
demandandsupplysincethebeginningof
fall.
Business Performance for the Term
under Review
Inthisenvironment,theCasioGrouphas
beenstronglypromotinganddevelopingits
strategicbusinesses,whicharetimepieces,
digitalcameras,electronicdictionaries,
cellularphones,andTFTLCDs,inpursuitof
MessagefromthePresident
KazuoKashio,PresidentandCEO
2CASIOCOMPUTERCO.,LTD.
3
ANNUALREPORT2005