Olympus 2007 Annual Report Download - page 11

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Maximizing
Corporate Value
> Based upon its Corporate Strategic Plan (2006
> Based upon its Corporate Strategic Plan (2006
CSP) formulated in May 2006, the Olympus Group
CSP) formulated in May 2006, the Olympus Group
is endeavoring to design effective strategies and
is endeavoring to design effective strategies and
reinforce its organizational strengths for implement-
reinforce its organizational strengths for implement-
ing those strategies. Continuing on the momentum
ing those strategies. Continuing on the momentum
of steady sales increases and reduced cost of sales,
of steady sales increases and reduced cost of sales,
we are forecasting record highs for consolidated
we are forecasting record highs for consolidated
net sales, operating income, income before provi-
net sales, operating income, income before provi-
sion for income taxes and net income for the fiscal
sion for income taxes and net income for the fiscal
year ending March 31, 2008.
year ending March 31, 2008.
I believe that changes will grow more intense
I believe that changes will grow more intense
in our business environment, so I am reminding all
in our business environment, so I am reminding all
employees within the Olympus Group that we must
employees within the Olympus Group that we must
not become even slightly prideful or complacent.
not become even slightly prideful or complacent.
Taking a global perspective, we must regularly
Taking a global perspective, we must regularly
assess our present circumstances, devise effective
assess our present circumstances, devise effective
strategies that match the business environment and
strategies that match the business environment and
reinforce our organizational strengths for implement-
reinforce our organizational strengths for implement-
ing such strategies.
ing such strategies.
With a determination to maximize corporate
With a determination to maximize corporate
value, we ask for the continued understanding and
value, we ask for the continued understanding and
support of shareholders, business partners and all
support of shareholders, business partners and all
other stakeholders.
other stakeholders.
July 2007
July 2007
Tsuyoshi Kikukawa
Tsuyoshi Kikukawa
President
President
hemanalysis. Specifically, Olympus is developing
hemanalysis. Specifically, Olympus is developing
an installed-base business that combines installa-
an installed-base business that combines installa-
tion of clinical chemistry analyzers and continued
tion of clinical chemistry analyzers and continued
provision of reagents.
provision of reagents.
In April 2007, Olympus opened a new base for
In April 2007, Olympus opened a new base for
the Life Science Business in Mishima, Shizuoka in
the Life Science Business in Mishima, Shizuoka in
order to strengthen the business foundation for entry
order to strengthen the business foundation for entry
into new fields. Development, production, quality
into new fields. Development, production, quality
assurance and customer support functions of the
assurance and customer support functions of the
diagnostic systems business are concentrated at the
diagnostic systems business are concentrated at the
new base.
new base.
ITX Corporation
Business Strategy
> ITX Corporation (ITX), a core unit of the Information
> ITX Corporation (ITX), a core unit of the Information
& Communication Business and a par t of Other
& Communication Business and a part of Other
Businesses, undertook reforms of its profit structure.
Businesses, undertook reforms of its profit structure.
The reform plan revolves around reviewing invest-
The reform plan revolves around reviewing invest-
ments, concentrating resources in three core busi-
ments, concentrating resources in three core busi-
nesses and related businesses, and strengthening
nesses and related businesses, and strengthening
the financial position. ITX’s three core businesses
the financial position. ITX’s three core businesses
comprise operations related to healthcare, the auto-
comprise operations related to healthcare, the auto-
motive aftermarket and mobile handset sales. By
motive aftermarket and mobile handset sales. By
reviewing its investment rules and oversight structure,
reviewing its investment rules and oversight structure,
including investment targets, recover y period and
including investment targets, recovery period and
money amounts, ITX aims to continuously optimize
money amounts, ITX aims to continuously optimize
its portfolio by accelerating its investment cycle.
its portfolio by accelerating its investment cycle.
Since it plays a leading role within the Olympus
Since it plays a leading role within the Olympus
Group as an engine for new business creation, ITX
Group as an engine for new business creation, ITX
is working to promote greater collaboration with
is working to promote greater collaboration with
Group companies as it aims to establish the ITX
Group companies as it aims to establish the ITX
brand as a professional provider of business cultiva-
brand as a professional provider of business cultiva-
tion services.
tion services.
OLYMPUS 2007 9
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