 To Our Shareholders and Investors:
During our year ended in August 2009, severe changes took place in our external operating environment. Our business performance suffered as a consequence of a variety of factors. I deeply apologize for the tremendous amount of apprehension we created among our shareholders. In April, the Acrodea group of companies started to devise reforms to its organization. Budgetary controls threaded across the organization, clarification of accountability for generating income through the integration of production and sales, and holding down costs and selling and administrative expenses were among the measures subsequently instituted. As a result, we have revamped our corporate health towards a future where Acrodea can secure steady revenue streams. Since establishment, Acrodea has operated its business under a corporate philosophy of sharing the best ideas: Through the global supply of middleware that is intuitive to the user and capable of smoothly commanding user interfaces, we promote deeper and more fulfilling human communications around the world. To date, we have gained adoption for a number of our products domestically and internationally. In particular, our principal product VIVID UI has the distinction of being implemented to nearly all of the mobile telephone models distributed in Japan. Internationally, a number of handset makers have adopted the technology, but our market share remains low with room for growth. We intend to accelerate global business activities and aim for greater market share around the world. Our management strategy calls for engagement with a flexible response to the changing environment, and for sustained growth. As the company aims for improved performance for the mid- and long-term, senior management and all employees are fully committed to a swift recovery of business performance in this fiscal year by delivering results. I ask for your continued understanding in the ongoing efforts of our corporate group, and your unwavering support. |
Junya Tsutsumi |
