We strive to select and concentrate our business resources on the market of photovoltaic manufacturing equipment while making the most of our experience and know-how accumulated in the vacuum packaging business.

We greatly appreciate your understanding and support for the Group.
For the consolidated fiscal year under review, we posted increased sales and profits thanks to robust sales of full-scale module manufacturing lines and composite devices in the core business of photovoltaic manufacturing equipment. Net sales soared 43.0% from a year earlier to 9,373 million yen, with ordinary income of 1,431 million yen, up 80.8% year-on-year, and net income of 834 million yen, up 78.4%.
Demand for photovoltaic systems, a typical example of clean energy, is expanding rapidly as people's awareness of environmental protection and conservation is growing. For further growth, the Group plans to expand its market share in the photovoltaic module market by concentrating its management resources on "enhancing research and development," "reinforcing output capacity at the Matsuyama factories" and "strengthening the worldwide 24-hour support structure" to bolster our expertise.
To grow into a corporation recognized by society, we will also push forward with the establishment of a lateral internal control system, aimed at developing a corporate code of conduct, compliance and a risk management system and at promoting efficient management.
We would like to ask for your further understanding and support for the business of the Group.

October 2008