To Investors

The world economy has finally emerged from the worst of the recent unprecedented recession and is now on a moderate recovery path. Seeing this as an opportunity for new growth, all members of the VALQUA Group—a pioneer in seal engineering—are joining hands to turn this opportunity into a solid foundation for the ongoing growth of our Group.

The slogan for New VALQUA Stage Five (NV-S5), our fifth medium-term management plan, is “Achieving management that anticipates changes in the times through the VALQUA Way.”

The three objectives of NV-S5 are:  
1)Enhancing our management framework through comprehensive streamlining and improved efficiency;
2)Strengthening our core businesses and core technologies through “selection and concentration,” and restructuring our foundation to achieve new growth; and
3)Raising our CSR management and human resources development to new levels.

I would like to take this opportunity to thank all stakeholders for their understanding and support of our Group management policy and to ask for their continued guidance and encouragement of VALQUA.