We see the concepts of “challenge”and “search after truth”as the keys to our prosperity, which have enabled our three businesses in different fields to be successful and independent. Establishing factories in China, which have become vital to our textile Division, running a franchise restaurant“BIKKURI DONKEY,”and succeeding in an M&A in the hobby craft business have been particularly great challenges for us. Without a new challenge, we can gain nothing especially in the present business climate when existing business, which used to be prosperous, is shrinking. We believe that a business opportunity comes after going through some difficulties. Additionally, we always try to be faithful and realistic in every difficult situation with the hope that we continue to be a company searching after truth.