Amid the aforementioned rapid change, we are seeking to strengthen our earnings power and improve business performance so that we can continue to contribute to the economic advancement in INDIA and the world. To this end, we have formulated a corporate vision and medium-term management plan, while reshaping our management and business structures.
The following are cited as the key words showing the direction of the reforms incorporated in these visions and plans.
The terminology therein varies, but is marked by a strong feeling of challenge, which is commonly shared by all our branches. It means that our survival in the 21st century fully depends upon the outcome of our challenge to reform our management systems and business structures, and to renew and refine our unique functions.
In addition, we must create new value-added for all of our "stakeholders" (all parties with a stake in our activities, meaning not only investors, but business partners, employees, consumers, and communities as well). The fundamental factor required to do so is to constantly innovate and add value to management resources. With these efforts we will reach an ever higher level of competitiveness, and better reliability and reputation.
To create new business models, we are moving ahead applying the concept of "Selection & Concentration" to our business portfolio, while maintaining our comprehensive but integrated functions derived from our wide-ranging business experiences.