The basic policy of the Steel Division in the New Mid-term Consolidated Management Plan is "to renovate division structure to ensure to become the victor in the domestic steel market with unparalleled cost competitiveness and services". The new furnace facility that is scheduled to start commercial operation in 2015 is a comprehensive compilation of the latest 3 years business vision. We are working to draw the potential of the new leading edge facility to the fullest extent in order to strengthen competitiveness in the domestic market. To that end, our solid stance is indispensable in that not only employees directly involved with steel making operation but also employees at other departments such as sales, rolling, facility maintenance, logistics and purchasing will join in with full force to address successful launch. We will exert our best effort to achieve our target by overcoming various challenges to ensure that the maximum capabilities are obtained. This will undoubtedly contribute to reinforcing our competitiveness and brand strength in the domestic steel business.
The basic policy for the next 4 years adopted by the Wheel Division engaging in automotive components business is "the reconstruction of our earning structure base for all segments in the Division." Abroad, we will proceed to actively develop business in the emerging countries where demand is rising with an aim to increase market share as well as profit. In the domestic market we will focus on qualitative business evolution by developing high value-added products, while augmenting technological strengths in the mother factories in Japan to ensure that effective technical assistance is provided to overseas production locations.
For the Undercarriage Components Division, engaging in industrial machinery components business, there is a pressing need for an optimum production scheme that requires the components, especially track shoe related products,
to be produced and supplied locally where hydraulic excavators are being assembled.
A growing organization is essential for the expansion of business and is not possible without the personal growth of each employee. Likewise, technical innovation is unattainable without reformation of each individual' s thinking process.The industrial machinery components business will accumulate these small changes in order to achieve sustainable growth.
In the Science Division, categorized as other business segment, we are focusing on developing high value-added products and cultivating new markets and customers by taking advantage of our differentiated technology in order to respond to the Science Division policy in the New Mid-term Consolidated Management Plan "to develop and expand sales of strategic and high value-added products". We are pursuing business expansion under a structure of integrated production and sales, which can respond to rapid changes in the market environment. As a division of the Topy Industries Group that takes on the challenges in new business domains, we are committed to establishing a profitable business outside the 3 core businesses and to improving corporate value.