Casio 2005 Annual Report Download - page 6

even฀more฀thoroughly฀efcient฀cash฀ow฀
management฀and฀strive฀to฀generate฀free฀
cash฀ow,฀aiming฀for฀a฀complete฀turnaround฀
to฀a฀strong฀and฀stable฀nancial฀position.
฀ Through฀the฀execution฀of฀the฀two฀
strategies฀described฀above,฀Casio฀seeks฀to฀
deliver฀original฀products฀and฀services฀with฀
high฀added฀value,฀increase฀corporate฀value,฀
and฀contribute฀to฀the฀building฀of฀a฀society฀
of฀abundant฀creativity.
Corporate Governance
In฀order฀to฀ensure฀the฀achievement฀
of฀management฀objectives,฀enhance฀
competitiveness,฀and฀increase฀corporate฀
value,฀Casio฀recognizes฀the฀critical฀
importance฀of฀rapid฀decision-making,฀
appropriate฀business฀execution,฀and฀
enhancing฀management฀supervisory฀
functions฀to฀improve฀transparency.฀To฀realize฀
them,฀the฀Company฀has฀implemented฀a฀
range฀of฀measures,฀including฀a฀director฀
system฀and฀corporate฀auditor฀system฀with฀a฀
corporate฀ofcer฀system฀and฀strengthened฀
internal฀audit฀system฀with฀the฀aim฀of฀
enhancing฀corporate฀governance.
฀ Casio฀understands฀that฀sustainable฀
corporate฀growth฀will฀only฀come฀about฀
with฀the฀sustainable฀development฀of฀the฀
global฀community,฀and฀is฀actively฀managing฀
its฀corporate฀social฀responsibility฀(CSR).฀
For฀Casio,฀CSR฀is฀a฀key฀pillar฀of฀corporate฀
management.
฀ In฀an฀effort฀to฀bolster฀its฀activities฀in฀
this฀area,฀the฀Company฀established฀the฀
CSR฀Operations฀Section฀in฀April฀2004฀to฀
improve฀its฀company-wide฀organization.฀
In฀December฀2004,฀Casio฀also฀inaugurated฀
the฀CSR฀Committee,฀which฀consists฀of฀
directors฀and฀auditors฀with฀the฀President฀as฀
Chairman.฀The฀CSR฀Committee฀determines฀
the฀direction฀of฀company-wide฀CSR฀
activities,฀including฀basic฀policy฀and฀other฀
important฀matters,฀and฀works฀to฀enhance฀
the฀Company-wide฀risk฀management฀
system.
฀ The฀company฀also฀sought฀to฀improve฀
corporate฀governance฀and฀compliance฀by฀
ensuring฀that฀all฀employees฀and฀ofcers฀
understand฀and฀comply฀with฀laws฀and฀
regulations,฀maintain฀social฀order,฀and฀
contribute฀to฀society฀based฀on฀the฀Casio฀
Common฀Commitment฀and฀Casio฀Code฀of฀
Conduct฀prepared฀in฀accordance฀with฀the฀
Charter฀of฀Creativity฀for฀Casio.
฀ To฀publicize฀the฀result฀of฀its฀CSR฀
activities,฀Casio฀plans฀to฀publish฀a฀CSR฀
Report฀in฀the฀current฀term.
฀ Since฀Casio’s฀foundation,฀its฀
corporate฀creed฀has฀been฀“Creativity฀and฀
Contribution.”฀Casio’s฀mission฀is฀to฀pursue฀
growth฀as฀a฀company,฀increase฀corporate฀
value,฀and฀remain฀attractive฀for฀all฀investors฀
and฀customers฀by฀creating฀a฀high-standard฀
living฀for฀people฀around฀the฀world฀and฀
contributing฀to฀society.฀The฀company฀
is฀accomplishing฀this฀by฀introducing฀
innovative฀ideas฀and฀astonishingly฀good฀
solutions฀based฀on฀its฀proprietary฀advanced฀
technologies.
฀ Casio฀will฀continue฀to฀deliver฀the฀values฀
of฀“function,฀quality,฀economy,฀speed,฀
productivity,฀ethics,฀safety,฀and฀compatibility฀
with฀the฀environment”฀in฀its฀products฀and฀
services.฀In฀the฀months฀and฀years฀ahead,฀
the฀Company฀looks฀forward฀to฀providing฀all฀
of฀its฀stakeholders฀with฀more฀“excitement”฀
than฀they฀anticipate,฀and฀greater฀inspiration฀
than฀ever฀before.
July฀2005
Kazuo฀Kashio
President฀and฀CEO
D/E฀ratio฀and฀
Shareholders’฀equity฀ratio
03 04 05
(Times) (%)
D/E฀ratio
(left฀scale)
Shareholders’฀equity฀ratio
(right฀scale)
0.5
1.0
1.5
25
30
35
4CASIO฀COMPUTER฀CO.,฀LTD.
5
ANNUAL฀REPORT฀2005