I assumed the position of Chairman & CEO of Sumisho Computer Systems Corporation (SCS) following the resolution at the Annual General Meeting of Shareholders and a meeting of the Board of Directors held today. I would like to take this opportunity to say a few words to all our stakeholders upon assuming office.
The credit crunch precipitated by the global financial turmoil has plunged the real economy into a steep decline since 2008. Such a harsh environment has driven intense competition in the IT industry, challenging each company’s capability to provide comprehensive service that transcends barriers in consulting, hardware and software. The SCS Group has achieved growth over the years by responding effectively to changes in the business environment. This includes the merger between Sumisho Computer Systems Corporation, with a competitive advantage in software development, and Sumisho Electronics Co., Ltd., with strengths in IT products distribution. Going forward, we will work hard to minimize the impact of the recent deterioration in the economic environment on our business performance and push vigorously forward to achieve sustainable growth.
In light of the drastically changing business environment we currently face, we will sort out businesses that we should focus on and allocate our resources into those businesses. As an example, we will make greater efforts on the ProActive business, a core component of the packaged software business, to accelerate its growth. We will also focus on the maintenance and operations businesses for existing customers, as a strategic move aimed at developing full-fledged service-oriented businesses.
At the same time, it is vital that we promote the development of our human resources, the most critical resources for us. Accordingly, we will seek to enhance the skills and competencies of all staff of the SCS Group, while creating a suitable work environment in which personnel can exert their full potential. Moreover, we will strive even harder to meet and exceed the expectations of all business partners.
We strongly believe that thorough compliance is also indispensable in ensuring sustainable growth. While we will implement measures necessary for the robust compliance system, it is of utmost importance that all executives and employees of the SCS Group are firmly committed to ensure there are no violations of compliance policies. In this respect as well, the entire SCS Group will remain dedicated to sweeping compliance in accordance with high ethical and moral standards.
The Basic Principle of the SCS Group is to “contribute to the realization of a more affluent society through the creation of new value based on high-level information technology.” Even with such dramatic changes in the economic environment, we will remain true to this philosophy and do our utmost to ensure sustainable growth along with our customers, business partners and all stakeholders.
We sincerely ask for your continued support and encouragement in our endeavors.
June 25, 2009
Nobuhide Nakaido
Chairman & CEO
Sumisho Computer Systems Corporation