On July 13, we held the 10th Partners' Meeting, in which I participated as president for the first time. The event was attended by representatives from many of our partner companies that always provide generous support in a wide variety of aspects for our group's business. I would like to take this opportunity to thank all of them for attending the event despite their busy schedules.
The meeting consisted of two parts. In the first part, I extended my appreciation to our partners for their continuing support. Senior Managing Director Makoto Tani explained our FY2016 business results and FY2017 business forecasts, Procurement Division General Manager Kazuo Okami elaborated our procurement policy, and Managing Executive Officer Yoshihiro Matsushita described the Electric Conductor & Functional Products Business Unit.
This was followed by a commendation ceremony. I presented crystal trophies to representatives from two companies that received the Excellent Partner Award, and to those from three companies that received the Sumitomo Electric Group Special Award for Distinguished Service, which had been established in commemoration of the meeting's 10th anniversary.
In the second part of the event, we held a party. In a friendly atmosphere, the party served as a significant opportunity for participants to more widely interact with one another.
As I mentioned on the day of the event, this fiscal year is the final year of our group's mid-term management plan VISION 2017. All of us in the Group will work together in a united effort and continue doing our best until the very end to achieve so we can accomplish our targets. With this in mind, I would like to continue receiving support and cooperation from our partners.