Message from the President
The Yamaichi Electronics Group has been working on business structural reforms since 2013 based on the pillars of structural reforms, profitability improvements, and growth strategies in order to raise the business performance of the Group to a higher stage under the motto of being a corporate group that can offer products and services satisfying customers.
As a part of its structural reforms, Yamaichi Electronics (Shenzhen) Co., Ltd. was dissolved last fiscal year and its production operation has been transferred to Pricon Microelectronics, Inc., a subsidiary of Yamaichi Electronics Co., Ltd. Since then, we have been working on the restructuring of our global production system and reinforcement of cost competitiveness. Furthermore, we have developed new products, including test solution products and connector solution products based on our growth strategies; succeeded in new product development and capturing new customers; and achieved a consolidated operating profit largely exceeding our target value for the second year of our medium-term management plan.
The current fiscal year is the third year of our medium-term management plan and Yamaichi Electronics will mark its 60th anniversary of business this November. We will continue our business structural reforms this year as the final year of the medium-term management plan, by reinforcing collaboration among all Group companies, improving business efficiency, accelerating growth strategies further, and working on the sustainable growth of the Group with profitability improvements.
We greatly appreciate your continued support and patronage. June, 2016