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President's Message

Improve corporate value through “manufacturing that adapts well to change”
~Establish the foundation for Nippon Piston Ring to prosper for 100 years, through marketing and innovation~

President and Representative Director Akira Yamamoto

Last year's world economy improved on the whole, thanks to the steady growth of Asia's developing countries as well as the satisfactory recovery of Europe and America. The Japanese economy also continued its gentle recovery, with improvements in employment and personal income supporting a favorable turnaround in individual consumption. However, there are risks to the world economy posed by changes in the U.S. financial situation such as the recent rise in interest rates, by the policies based on protectionism, and by the rise of the consumption tax this year in Japan. Thus, a sense of uncertainty about the future will grow as seen in the stock market at the end of last year.

Despite these conditions, in the automobile industry, where our company is most involved, gentle rise in vehicles produced is expected, thanks largely to the rise in demand in overseas markets, primarily those in developing countries. Furthermore, the strengthening of measures to deal with worldwide environmental problems has been increasing demand for low fuel consumption and low exhaust vehicles, which will further increase the need for our company's products with their technological advantages.

In order for the NPR Group's sustainable growth, we have adopted the basic policy of our seventh mid-term business plan, Improve corporate value through “manufacturing that adapts well to change” ~Establish the foundation for Nippon Piston Ring to prosper for 100 years, through marketing and innovation~, which we started last April and whose last fiscal year is 2020. Accordingly, we are aiming to achieve net sales of 58.0 billion yen or more and an operating margin of 7.5% or more in fiscal 2020. To accomplish this, we are working to implement the following main initiatives.

  • (1) Increase sales that is oriented to making and using technical proposals, both domestically and abroad
  • (2) Strive for innovative manufacturing
  • (3) Strengthen new product development
  • (4) Strive for the world's highest quality, by strengthening human resources development
  • (5) Continue to promote Corporate Social Responsibility activities

In the future, we shall keep striving to increase our Group's corporate value, and accordingly I humbly request your deeper understanding and stronger support of our efforts.

Akira Yamamoto
President

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