Pioneer 2007 Annual Report Download - page 73

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Cautionary Statement with Respect to Forward-Looking Statements
Statements made in this report with respect to our current plans, estimates, strategies and beliefs, and other statements that are not historical
facts are forward-looking statements about our future performance. These statements are based on management’s assumptions and beliefs in
light of the information currently available to it. We caution that a number of important risks and uncertainties could cause actual results to
differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. It is not
our obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We
disclaim any such obligation. Risks and uncertainties that might affect us include, but are not limited to, (i) general economic conditions in our
markets, particularly levels of consumer spending; (ii) exchange rates, particularly between the yen and the U.S. dollar, euro, and other curren-
cies in which we make significant sales or in which our assets and liabilities are denominated; (iii) our ability to continue to design and develop
and win acceptance of our products and services, which are offered in highly competitive markets characterized by continual new product
introductions, rapid developments in technology, severe price competition and subjective and changing consumer preferences; (iv) our ability
to successfully implement our business strategies; (v) our ability to compete, as well as develop and implement successful sales and distribution
strategies, in light of technological developments in and affecting our businesses; (vi) our continued ability to devote sufficient resources to
research and development, and capital expenditure; (vii) our ability to continuously enhance our brand image; (viii) the success of our joint
ventures and alliances; (ix) the success of our business restructuring plans; and (x) the outcome of contingencies.