To Our Stakeholders
Greeting from New President and CEO
My name is Teruo Asada, and as of April 1, 2008, I have assumed the post of President and CEO of Marubeni Corporation.
First of all, I am happy to report that Marubeni's current Medium-Term Management Plan, the "G" Plan, is about to end on a strong note. The final results for fiscal year 2007 are currently being compiled, but for the second and final year of the current two-year plan, we expect to establish a new record for consolidated net profit once again for the fifth consecutive year. We now expect that Marubeni’s consolidated net profit for the two-year period of the “G” Plan, including the consolidated profit of 119.3 billion yen for fiscal year 2006, will exceed by far the original goal of 220 billion yen.
The third quarter results for fiscal year 2007 have already been announced, and in regard to our finances, Marubeni has been able to maintain an ROA of 2.32%, indicating the efficiency of our assets. Also, we have made steady progress toward the goal of 500 to 600 billion yen in capital investments over the two-year period; at the end of December 2007, on a commitment basis, new capital investments stood at 520 billion yen. These facts, coupled with a consolidated debt equity ratio that stands at 2.55, show that Marubeni’s "G" Plan, in which the “G” stands for both sustained “growth” and future “glory,” will come to a most successful conclusion.
From April 2008. Marubeni will have a new Medium-Term Management Plan. Following the achievement of our “G” Plan goals, we will continue to make “sustained growth” the key concept in the next stage of Marubeni’s development. We expect the approximately 800 billion yen in new capital investments that Marubeni has made from fiscal year 2005 to 2007, including those made under the “G” Plan, will start to show positive results in various fields around the middle of fiscal year 2008. As we take an aggressive step toward our next growth stage, we hope to demonstrate to all the value that we can create. At the same time, Marubeni will continue to further strengthen its management system through reinforcing its corporate governance systems, enhancing the internal control and risk management organizations, and strictly enforcing compliance standards.
Going forward, all members of Marubeni will continue to do their best to increase our corporate value and secure the ongoing support of all of our stakeholders. Your continued support and encouragement are greatly appreciated.
April 2008
Teruo Asada, President and CEO, Member of the board
