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PIONEER CORPORATION Annual Report 2010
Cautionary Statement with Respect to Forward-Looking Statements
Statements made in Annual Report 2010 with respect to our current plans, estimates, strategies and beliefs, and other statements that are not histori-
cal 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 obliga-
tion. 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, and levels of demand in the major industrial sectors which we serve; (ii) exchange rates, particularly between the Japanese yen
and the euro, the U.S. dollar, and other currencies in which we make significant sales or in which our assets and liabilities are denominated; (iii) our
ability to continuously design and develop and win acceptance for our products in extremely competitive markets; (iv) our ability to successfully imple-
ment our business strategies; (v) the success of our joint ventures, alliances and other business relationships with third parties; (vi) our ability to
access funding; (vii) our continued ability to devote sufficient resources to research and development, and capital expenditure; (viii) our ability to
ensure the quality of our products; and (ix) the outcome of contingencies.
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