Our company was spun off from Sumitomo Electric Industries, Ltd. in 2002 in order to better cope with the rapid changes in the ICT industry and the variety of market demand, and we have continuously striven to improve our enterprising and venturous spirit. On the basis of our long and rich experience in networking business for more than 20 years under Sumitomo Electric Industries, Ltd., we entered ADSL market earlier than others, and have maintained our leading market share in Japan. The Internet's popularity is growing fast and the further expansion of broadband access network to support such demand is truly remarkable. In Japan, the number of ADSL subscribers has already reached more than 13 million, while FTTH services have now become widespread. With the trend o f the times, we will continue to establish secure operating base to retain our position as a leader in the field of broadband access communication equipment and make a company-wide efforts to gain the largest share of the FTTH market in Japan with GE-PON. Furthermore, we will contribute to the development of the broadband access market through continuous nurturing of the business based on swift and flexible management action while retaining the technological development capability and expertise that we have accumulated as valuable assets. We truly appreciate your continued and further support.
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