News Room 2010 (The former Furukawa-Sky)

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2010 Entrance Ceremony Welcome Speech by President & CEO (Summary)

April 1, 2010

First of all, I'd like to congratulate and welcome you on behalf of all employees to Furukawa-Sky. While there are many topics I would like to discuss, I will focus on two important issues.

The first issue concerns the current state and strategy of our company.
We are finally seeing signs of a recovery from the global recession triggered by the Lehman Shock in autumn 2008, although the future outlook remains unclear and several factors still merit concern. Since the start of the recession, our performance suffered significantly; nevertheless, we were able to mobilize the entire company toward improving profit, which entailed a number of short-term emergency measures. We also launched drastic medium-term measures for strengthening our corporate constitution Group-wide, such as the structural reform of our sheet rolling business and transformation of Nippon Foil Mfg. Co., Ltd. into a wholly owned subsidiary.
Meanwhile, even amidst the difficulties of this past year, we have continued to advance globally into promising markets such as through investment in aluminum rolling companies in China and the establishment of a new company in Thailand.
As we now forge ahead to regain and enhance profitability by reinforcing our business foundation in Japan and abroad, I expect you to direct your youthful energy into our continuing effort to remain ahead of our competition overseas.

The second issue I will discuss is in the form of a request.
While becoming an effective member of our workforce quickly is something we would certainly appreciate from you, we are even more interested in your long-term growth. We want you to take the time necessary to develop into highly competent members of the company. We will of course work with you to bolster your skills; though your own attitudes are the real keys to your growth. Remember that very little can be expected from a passive attitude, so please cultivate broad interests and take personal responsibility for enhancing your abilities. While your potential may seem limited, it is in fact infinite. And I hope you will work hard to develop yourselves toward lofty goals.

In closing, let me once again congratulate you on your entry into this company. Let's work together to achieve success.