Toward the turn of the century, Japan is facing an unprecedented low economic growth rate because of the maturity of its major industries and globalization.
The business environment has also changed remarkably over the years. Many difficulties await us, including the need to diversity products, manufacture small-lot short-run orders for specific markets, develop products that accurately reflect customer need, and withstand severe price competition with not only domestic but also overseas competitors.
Under these circumstances, we should endeavor to make of our over one hundred years of experience to rationalize management and improve operations in terms of market expansion, new product development, quality control, enhanced productivity and more rapid delivery. Through these efforts, we shall continue to support and prosper with our customers and society.
We earnestly hope that you will support and patron Moriden, who is making the best efforts at all times to be a company trusted by our customers and society.
Yasuo Morita