2021_1q_omron_e

31/37 ■In Conclusion

Finally, I would like to share my thoughts on our management stance for FY2020 and beyond. The prolonged, global outbreak of COVID-19 has served to highlight society's pressure points such as climate change, unequal access to medical treatment and geopolitical risks. Amidst a situation where society's need to transition to a more sustainable system is increasingly acute, I feel keenly the importance of returning to OMRON's fundamental purpose and role. OMRON's fundamental purpose is to continue to contribute to society through the creation of social value. This is exactly aligned with our commitment to living the OMRON Principles. At a time when COVID-19 is exposing society's weak points, I believe it is important to accelerate the transformation of our business to create new social value, without being bound by the existing business framework and by fearlessly challenging ourselves to transform our business models. The business model transformation highlighted earlier, the HCB remote diagnostic service, is a true example of how we propose to transform our business. OMRON has sold BPMs on a global basis, and has succeeded in establishing home blood pressure measurement as a key standard. Despite this, we have continued to see an increase in fatalities and severe complications as a result of strokes and myocardial infarctions owing to hypertension. The single biggest cause of this trend is the aging of the world’s population. As a consequence, national medical expenses continue to rise. In other words, selling BPMs is not enough to eliminate cerebral and cardiac events or optimize medical expenditures. This is why HCB is focused on its goal of Going for Zero. OMRON is transforming its healthcare business by moving beyond simply selling BPMs, to focusing on remote diagnostic services in alignment with the evolution of medical systems around the world. OMRON is seriously committed to fully eliminating cerebral and cardiac events. The Robotic Integrated Controller and remote station management services highlighted today are examples of solutions to the social issue of a shortage of workers in either manufacturing or railway stations. These are also examples of OMRON creating new social value and taking on the challenge of solving social issues highlighted by COVID-19 by transforming its businesses. Under conditions where society increasingly needs to transition to a more sustainable system, it behooves companies to take up the challenge of transforming themselves. I believe this requires immediate action. To ensure that OMRON will come out on top in the new normal of the post-COVID-19 world, my focus in FY2020 and FY2021 will be to accelerate the transformation of our business by returning to our fundamental longer-term purpose. I am confident that OMRON can successfully establish itself as a company necessary to society in the post-COVID-19 new normal. OMRON is poised to capture new opportunities for growth. I humbly ask for the continued support of our shareholders and investors. This completes my presentation. Thank you.