The key task facing NGK is maintaining high levels of earnings and growth. Our business environment, moreover, is likely to become more severe, with fears of a possible U.S. economic recession looming against a backdrop of soaring energy and raw material prices, and a weak dollar and strong yen.
On the other hand, the NGK Group, with operations centered on distinctive ceramics technologies, has a commanding presence in the "Triple E" business domains of Energy, Ecology and Electronics. The Company is thus well positioned to take advantage of the business opportunities emerging from growing awareness regarding environmental conservation. Providing products that contribute to environmental initiatives will enable NGK to achieve further growth going forward.
These initiatives should raise corporate value as we promote shareholder-oriented management that emphasizes capital efficiency across the Group. The entire Group stands united in taking the bold steps required to realize truly sustainable growth. Your ongoing and steadfast support and guidance will be vital to the success of our efforts.
Shun Matsushita
President and Chief Executive Officer
