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To Our Stakeholders
 In the fiscal year ended March 31, 2010, the impact of the global financial crisis remained strong. Operating conditions at the beginning of the period were particularly harsh, reflected in the continuing worldwide slump in automobile production. Faced with such conditions, the TS TECH Group worked to overhaul its earnings structure through such measures as increasing the local-procurement ratio at its overseas manufacturing subsidiaries and revamping its production systems. The Group also continued the expense reduction program it implemented on a global basis, working to secure consolidated earnings.
Regarding the future of the automobile market, while there is concern over declines resulting from the end of demand stimulus policies, and while we believe the overall state of uncertainty will continue, the slump in global production has bottomed out, and we are now shifting to a track of recovery.
Faced with such conditions, the Group has placed further effort into responding to demand for compact vehicles in emerging countries poised for growth and into the development of environmental technology beginning with lightweight products, continuing to work toward future medium- to long-term growth.
In these endeavors, I look forward to the ongoing, valuable support of all our stakeholders.
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| TS TECH CO.,LTD. does not guarantee the accuracy of the information in this website herein, and is not liable for any loss or damage, arising from the use of the information. |
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