The world economy and market environment have gradually started to show signs of recovery, led by expanding domestic demand in China and other emerging markets as well as the effects of various support measures taken by different countries.Although a modest turnaround was seen in our immediate business environment, depreciation of the Euro initiated by financial turmoil in Greece has become serious and the world economy remains in an uncertain situation.

I acknowledge that for Enplas to follow a course of further recovery, it will remain in a situation that does not allow premature conclusions.

Under these circumstances, we reorganized our conventional Business Units into Functional Headquarters and made efforts to streamline and standardize operations. Furthermore, we cut fixed costs significantly through structural reform, including withdrawal from unprofitable business, thereby managing to return to the black. Going forward, we will continue offering satisfying services and value including increased productivity and speed that meets the needs of customers and the market.

Given the mounting awareness of global environment protection, we will also put effort into practicing environmentally friendly, energy-efficient business activities.

Although we anticipate uncertainty about the future to continue, the entire staff at Enplas will, with a sense of unity, make the utmost effort to create new value.

I appreciate your continuing support.