I would like to say happy New Year to you all.

When we look back at the year 2012, we had many challenges to be resolved, such as recovery and restoration from the flood damage in Thailand, environmental changes at infrastructure markets in Japan and continued ultra-strong Yen.

Damaged production sites in Thailand have been completely recovered and now we are making all effort to restore our business up to the pre-flood level as soon as possible together with all employees of our group companies. In addition, we will accelerate the starting of new business by shifting resources to the growth area and driving development of new products together with promoting business reformations responded to environmental changes of the market in Japan. I would like you to continuously give us your understating and support to our group companies.

I would like to introduce our action plans of the group companies to you.

Telecommunication segment will contribute to deployment of broadband services by development and delivery of products related FTTH market which is growing globally, especially in China. Besides, it will respond to the needs at the growing ROADM market to develop new wavelength selective switches designed by Nistica Inc. which the Company acquired last year.

Electronics business unit in Electronics & Autos segment will focus on restoring its business as soon as possible by providing attractive products such as FPCs, connectors or others which are used smart phones or digital still cameras. Automotive component business unit is constantly growing, and it will enhance development activities for the products responded to customers' or users' needs by newly organized the European R&D Center and the Advanced Automotive Technology Center.

Metal Cable & Systems segment will continue to promote business developments at overseas infrastructure markets which is expected to grow, and to develop new products which meets to needs from wind power systems, electric vehicles and others.

R&D divisions will accelerate the development of highly value-added and differentiated products such as superconducting wires, active optical cables and fiber lasers, in order to develop new businesses at the three growing business fields, which are defined at the "2015 Mid-term Business Plan" - "Environment and Energy", "Cloud Communications", "Medical Care/Nursing/Healthcare"

This year is the turning point of the 2015 Mid-Term Business Plan.
Let's establish systems of winning streak and achieve the "2015 Mid-term Goals", by promoting the reorganization and business structural reform and accelerating the starting of new business by shifting the resources to the growth areas!

I would like all employees to be bright, healthy and strong as we go through this year!

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