Following the strategic integration with Sumitomo Electric Industries, Ltd. (hereinafter referred to as, "SEI"), our parent company, the Company was delisted on January 29th and has entered a new stage as a wholly owned subsidiary of SEI.
This integration is a growth strategy designed to enhance the competitiveness of the entire SEI Group by combining the strengths of SEI and our Group.
We have been operating as a member of the SEI Group until now but becoming a wholly owned subsidiary will further clarify the mechanisms for collaboration and decision-making within the Group, and will increase the speed and sense of unity in our business operations.
Our competitive edge lies in our strengths based on polymer material technology and comprehensive evaluation technology, as well as the quality and on-site capabilities we have cultivated around the world.
By combining these strengths with the SEI Group's automotive, information and communications, energy, industrial material, and electronics businesses, we will be able to generate new synergies and further expand our business.
In addition, the exchange of technology, human resources, and information within the Group will become smoother than ever before.
By working together across business and company boundaries to create synergies, we can harness our strengths to enhance the competitiveness of the entire Group.
Based on the "Goho Yoshi－Five-Way Win" philosophy, the SEI Group aims to achieve both employee and company growth and contribution to society.
As a company that handles the automotive business, which is the core business of the SEI Group, we work together with our group colleagues to create value and play a role in supporting the group's performance.
This acquisition of a wholly owned subsidiary is a step toward further strengthening collaboration not only with our traditional automotive business, but also with other businesses and group companies, and building up synergies toward common goals.
On the other hand, some of you may feel a bit confused and saddened by the term " voluntary delisting."
It is only natural for you to feel this way, especially since you have supported our company for so long.
However, this does not diminish the value of our work or the skills we have cultivated.
Up until now, each and every one of you, along with your predecessors, has put in a lot of hard work in your respective workplaces. That is why you are now expected to play a bigger role within the Group and contribute more to the Group and society than ever before.
Going forward, I will continue to provide updates on the SEI Group's businesses and growth areas.
By combining SEI's broad customer base with our accumulated polymer material technology, comprehensive evaluation technology, and on-site manufacturing capabilities, we expect to create new synergies in growth areas such as CASE and in general industrial fields.
I would like to realize this potential with you and expand your opportunities for success and growth.
Changes in society and the market present us with challenges, but also opportunities to create new value.
Don't be afraid of failure when taking on new challenges and move forward while learning from your colleagues and peers.
The potential of each and every one of you and your bold steps towards challenges will be the driving force behind our Group's growth and future.
I, myself, will have an attitude of continuing to challenge myself and learn, and I look forward to seeing the future leaps of our company, the Group, and all of you as we move forward to the next stage.
"Let's not be bound by past concepts, seize change as an opportunity and boldly take on challenges!"
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