Availing of this opportunity of presenting the Company's report of FY 2013, it is our great pleasure to extend our sincere greetings to all of you.

Business environment in the current term was favorable as the number of cars sold in the automotive business was the highest ever due to an increase in the home sales propelled by eco-car subsidy, as well as an in increase in sales in North America, Southeast Asia, and other regions. On the other hand, in the OA equipment business, demand decreased due to the impact of an economic slowdown in Europe, the U.S. and China.

With this environment serving as the backdrop for our business activities, the Group posted a decrease in sales compared with the previous term, but managed to increase profits year-on-year as a result of foreign exchange gains accompanying the current weak yen rates and extraordinary income coming from the insurance benefits to the Thailand factory, which suffered damages from the floods that occurred in the country in the previous term.

As a result of the above, the Company decided in the current term to resume payment of dividends for the first time in six terms, and intends to pay out a dividend of one yen per share.

Please note that by resolution of the Board of Directors Meeting held after the General Meeting of Shareholders for FY 2013, Yuichi Kato, who had been acting as Chairman and CEO/President and COO, was made Chairman and CEO, while Director Tsuneo Shibano was assigned to the post of President and COO. The Chairman and the new President will join efforts in the new management system striving to achieve improvements in business results.

Lastly, we would like to ask our shareholders for your continued support.

June 2013