March 07, 2008 Corporate strategy conference

The business environment since the start of this year has been challenging, with falling stock prices, a steep rise in raw material costs, and the appreciation of the yen.

However, if we look at the situation from a medium-term perspective, we see continued economic globalization stemming from the rapid growth of emerging markets as well as technological developments which are spurring the spread of broadband networks. These factors will allow sustainable growth and significant business opportunities.