Epson 2007 Annual Report Download - page 15

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13
Annual Report 2007
In quartz devices, the Company will take clearly defined steps to respond to
market growth in not only such existing business areas as mobile phones, PCs, and
digital cameras but also in digital home electronics.
These measures will secure profit growth in the current fiscal year and ensure
that the foundations are laid for sales and profit growth well into the future.
As I mentioned previously, the first priority is the rapid restructuring of the display
business. As we now have a clear pictureof what issues need to be addressed,
we will restructure rapidly yet steadily with the goal of boosting profitability.
Our second priority is to raise Epson’s profile in the markets for such finished
products as inkjet printers and 3LCD projectors. By carefully tailoring our sales
strategies to the characteristics of each market, we are aiming to expand market
share and raise awareness of our brand.
Our thirdand final priority is to incubate new businesses to be futuregrowth
drivers for Epson. As this is expected to take time, we will divide our efforts over
the short, medium, and long terms.
Q9. What do you consider as priorities in achieving the mid-range
business plan targets?
In inkjet printers, the key is to develop new business and industry domains.
In displays, we need to exploresuch new applications as high-end smart
phones, PDAs, and mobile multimedia devices. In next-generation mobile
devices, we must go beyond merely offering display devices and offer interactive
functionality. The Company is concentrating its resources so as to bring to market
new displays, an area where we are renowned for innovation.
In conjunction with these efforts, as I previously stated, Epson must incubate
the new businesses that will become future growth drivers.
Q10. What do you see as growth drivers for Epson over the
next three to five years?
Although we have made positive steps to achieve our profitability goals and have
announced some drastic reforms, we understand that we are participating in some
extremely harsh market environments. The next fiscal year will not be an easy one.
However, I believe that by steadfastly driving reforms forward we can accomplish
our goals. Epson’smanagement and employees are deeply committed to achieving
these goals and to creating exciting new products that will sustain our business in
the years to come. I thank you for your support and understanding.
Q11. In closing, do you have any remarks for Epson’s
stakeholders?