First of all, I would like to express my sincere appreciation to all of our stockholders and investors for understanding our business all the time.

With our cherished principles of "love and appreciation to customers," CCS has been striving to achieve Creative Customer Satisfaction, which our company is named after, and fulfill our corporate philosophy of "contributing to society by applying science to light as a leading global company for illumination."  As one of the business features, CCS is specialized in the technological development of lighting devices for industrial inspection utilizing light emitting diodes, such as LED lights for image processing.   With this technology, CCS has obtained many patents and accumulated its own know-how for both hardware, such as high-quality devices, and software, such as lighting technology.  Consequently, we are favored with trust and high evaluation of customers as the leading company in this industry.

Now when the world is facing various kinds of environmental pollution, which contributes to global warming, the industrial lighting makers are required to supply environment-friendly lights.  CCS will aim to contribute to society by continuously supplying industrial LED illuminators that are more energy efficient and more effective in CO2 reduction than halogen lights and committing to the expansion of our market share in the industrial lighting field through exploitation of new markets.

As our future main objectives, we will focus on the development and launch of new products to expand our market share, especially in the fields for the automobile, food, and medicine.  In the first half of the 12th fiscal year (August 2004 to July 2005), CCS has completed its overseas sales depots, which will be the base for the global quadruple-depot system.  CCS will make efforts to exploit new customers on the basis of each depot and establish a global sales system.

While concentrating on the abovementioned industrial LED illuminators, for establishment of our new business line, we will promote the development of lights for vegetation growth in the agricultural and bio-technological fields to contribute to the industrialization of agriculture as the business of the next generation from the mid/long term of viewpoint and the development of lights for the medical field to contribute to new medical treatment using light.

For achievement of our corporate philosophy "contributing to society by applying science to light as a leading global illumination company" and to satisfy the expectation of stockholders and investors, top management and company employees are firm in their resolve to address the business challenges around our company.  I look forward to the continued understanding and support of our many shareholders and investors for our business endeavors.