 The business environment surrounding the automobile industry has changed greatly. The business of SWS Group has steadily grown and expanded over the past decade. However, our business is currently affected by a so-called "once-in-a-century" severe economic climate, and we are now forced to correct this growth path. Meanwhile, however, I believe that this difficult business situation is a favorable opportunity for us to recreate a strong management system in the SWS Group. We have unconsciously gained various surpluses during this steady growth and expansion trend. Now, we have a great chance to reduce our excesses to tone up our management system. As a manufacturer, SWS Group will get back to the grass roots of manufacturing and proactively challenge various reforms to strengthen our management system. We will also prepare for the future so that we can immediately respond to customers’ needs when the economy recovers. We are determined to unite the force of the entire SWS Group to overcome this difficult situation and make the next great leap forward. I would like to ask for your continuous support and instruction in the years to come. July 1, 2009 Fumikiyo Uchioke |
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