Hiroshi Taguchi
President and Chief Operating Officer

  I would like to extend a warm thank you to all our shareholders and investors for your patronage.
  The development of global business in the automobile industry that surrounds the Tachi-S group requires an ability to respond by enhancing both quality and competitiveness. In this environment, the Tachi-S group is taking a multitude of initiatives to further strengthen the revenue system while concentrating its energies in the following measures as laid out in our current mid-term plan.

1. Continue value-added improvements
2. Reduce fixed costs
3. Development of the global business

  As a result of these measures, we aim to develop into a “world-class seat system creator” in line with the objectives of our Vision 2010 strategy.

  Regarding dividends, we comprehensively consider trends such as annual profits, business developments, and the consolidated payout ratio, as well as maintain stable payments. We will continue to actively strive for increased profit returns to all our shareholders by such means as adding a commemorative dividend for the turnaround in business development.

  We ask for your continued support in the future.