149th General Shareholders' Meeting

On June 21, we held the 149th ordinarly annual general shareholders' meeting at The Ritz-Carlton, Osaka. At the general meeting, which started at 10 a.m. as scheduled, we reported a summary of our business situation and results, and then took questions from shareholders participating in the meeting.

We received a wide range of questions and comments, including not only on our R&D efforts, power cable business and 5G (5th-generation mobile communications) business, but also on our dividends, promotion of female employees, the creation of a transparent organization, and the operation of our general shareholders' meeting. We responded to these questions in the hope that our answers would help shareholders understand more about our corporate group. They gave us comments ardently on our corporate group, making us feel truly grateful.

This year, the general shareholders' meeting drew 1,039 attendees. With the number of people attending continuing to rise year by year, this year was the first time that we had more than 1,000 attendees. We truly appreciate this, but at the same time, we feel that we need to pull our socks up. As management, we have the responsibility of operating the corporate group in a way that enables us to gain full approval from our shareholders.

To satisfy shareholders and other stakeholders, we believe that we need to always respond with sincerity based on the concept banji-nissei (Do your sincere best, not only in business but also in every aspect of your life), and generate favorable business results. Today, global society is confronted with a wide variety of problems, such as the U.S.-China trade conflict, geopolitical risks in the Middle East, the UK withdrawal from the EU, and the North Korean problem. Meanwhile, in Japan, there are also various risks, such as the impending hike of the consumption tax. Although there is no telling what will happen in the future, we will make a fresh start and work hard to live up to your expectations.