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| To Our Shareholders |
The Kuriyama Corporation Group of companies is comprised of Kuriyama Corporation, 17 subsidiaries including 11 overseas ones and 4 affiliates including 3 overseas ones.
The Kuriyama Corporation Group of companies specializes mainly in the manufacturing, sales and application of rubber and plastic components for corporate customers. Our domestic operations anchored by the Kuriyama Corporation is based on the integrated and specialized trading businesses of material supply and construction work. Our North America's operations concentrate on the integrated business of manufacturing and sales. Our Southeast Asia's operations anchored by China are on the road to establishing a base for manufacturing and sales. As described above, we have international operations with a global view.
The Kuriyama Corporation Group of companies based on over 60 years of experience since the company's establishment and over 30 years' in North America purchases products through our domestic and overseas network by putting our experience to use. A stable and continuous business relationship is established with customers mainly composed of large corporate ones. Furthermore, we feature undertaking diversified sales of a variety of products and an optional function of design and application. Such features enable us to achieve a stable management in quick response to changes in the economic and business circumstances.
We intend to contribute to our shareholders and the society by improving a revenue for our future growth and development, with the implementation of effective and timely measures to cope with customers' need and market changes.
We appreciate a kind understanding and continuous encouragement from our shareholders from now on. |
| Corporate Policy |
Kuriyama pursues such corporate objective as "Trust by Customers and Meet their Trust". At Kuriyama, all of us are committed to devote every effort toward "Dream Future, Challenge to Create Future". Your continued support and patronage will be appreciated. |
| Corporate Policy for Business Development |
The businesses of the Kuriyama Corporation Group of companies are divided into segments including "Industrial Material Business", "Construction Material Business", "Sports Facility Material Business" and "Other Businesses", based on customers, products and applications. These individual business segments will be implemented in the following business strategies:
1. Industrial Material Business
We have established our unchallenged manufacturing and sales bases for industrial application hoses in the United States and Canada. These are ranked as the top class in the industry and are the core products that contribute to the revenue of the Kuriyama Corporation Group of companies. Since we believe that it is possible for us to seek further increases in our business performances, within the market of industrial rubber and plastic hoses we manufacture and sell in North America, through the continued development of new products and new applications, we intend to continue with aggressive implementations, including the rationalization investment of all our operating sites.
Our materials supply business for mass production machine here in Japan is determined to improve our capability for procurement, distribution and manufacturing in China to meet our customers having a long business relationship with us whose operations are shifted to China, amidst their rapid progression of internationalization centered around China.
For our materials supply business for plants like ship and electric power we intend to undertake a steady step for expansion of its related items as well as bringing in overseas products.
2. Construction Material Business
We see a decrease of public investment and a rising price competition in both materials for road and bridge as well as for port and harbor and civil engineering. To deal with these, we intend to ensure the profitability through a selective acceptance of order and a cost reduction.
As for material supply for urban landscape, we look forward to further progress. For materials supply for construction, we intend to promote our strategies on such prioritized areas as new public spending for barrier free and environment as well as active private sector spending are found. Accordingly, we focus on developing new products from overseas, supplying with the extended range of products derived from construction and securing an order of package job.
3. Sports Facility Material Business
While a new sports facility construction shows tendency of leveling off, we observe increased needs for enhancing and reforming sports facilities from rising health-consciousness and diversified sporting events. For example, our FIFA recommended long pile artificial turf of Italy-made is in huge demand for upgrading the earth ground. Reacting nimbly to market changes, we intend to expand market share of our indoor and outdoor products having its own characteristics that we import and are exclusively authorized to sell in Japan.
4. Other Businesses
As for our other businesses like hotel, real estate and imported outdoor product sales, we intend to improve profitability and specialize as synergized and sub-business. |
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