As money, people, and goods continue to move beyond national boundaries, the electronics industry is undergoing dramatic changes, requiring its players to continuously develop new technologies and commit themselves to inn......As money, people, and goods continue to move beyond national boundaries, the electronics industry is undergoing dramatic changes, requiring its players to continuously develop new technologies and commit themselves to innovative production systems. To satisfy these requirements, electronic components manufacturers are offering products that cater to specific demands in the market by making a constant effort to develop original and highly specialized technologies, and by working closely with setmanufacturers from the product-development stage. Recent years have seen a growing demand for electronic components, stemming from the digitalization of electronic equipment, increased use of electronic components in automobiles, greater popularity of energy-saving home appliances, and higher functions of semiconductors. This fact gives reason to believe that the market for Japans electronic components will continue to expand even further. Against this backdrop, Alps Electric remains committed to "perfecting the art of electronics." By "art of electronics," we mean not only a sophisticated appearance, but also an optimal balance among price, functionality, and quality, in addition to eco-friendly features such as energy and resource conservation. As a manufacturer, we at Alps Electric hope to contribute to the further development of our society, with each and every employee pursuing this "art of electronics." True to the belief that achieving harmony between our business activities and the global environment is another one of our important duties, we remain committed to the reduction of CO2 and other greenhouse gases, as well as other substances that put stress on the environment. To preserve this beautiful planet for future generations, it is essential that everyone on board our "Spaceship Earth" join hands, and do whatever is necessary to promote this cause. In addition to programs organized by the company, everyone at Alps Electric takes upon themselves the mission of carrying out concrete action both personally and for their families. Last November marked the sixtieth anniversary of the companys foundation. I should like to take this opportunity to express our appreciation to all of you, and pledge ourselves to continue making efforts to create new value that is friendly to both people and the Planet Earth, with the goal of achieving comfortable and affluent lifestyles.