Nikon 2009 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2009 Nikon 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.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

MICHIO KARIYA
Representative Director, Member of the Board,
President, CEO and COO
ICHIRO TERATO
Representative Director, Member of the Board,
Executive Vice President and CFO
To Our Shareholders and Investors
Nikon established a Management Reform Committee to coordinate our response to the rapid changes
in the business environment during the fi scal year ended March 2009, and promptly implemented a
variety of measures as a corporate group. However, the recent economic downturn had an impact across
all areas of our business, with effects more widespread and sudden than anything we have experienced
in recent years, resulting in year-on-year declines in both revenue and earnings. What the Nikon Group
needs now most of all is for us to implement a concerted program of structural reform as a corporate
group that will achieve sustained growth even in a severe environment and allow us to quickly return to
a growth track.
Nikon Annual Report 2009 3