At Meiko, our corporate philosophy is "To provide our customers with the best products and services through manufacturing, and to bring happiness to our employees and society," and we pursue both business expansion and sustainable growth, as well as social development and environmental conservation. Within this, our purpose is "To contribute to society by challenging the evolution of electronics and developing," and we aim to contribute to both electronics and society by constantly challenging the evolution of electronics so that people can live safer and more fulfilling lives.
Over the past year, our company has been affected by production adjustments for final products due to shortages of semiconductors and other materials, lockdowns imposed by China's zero-COVID policy, and disruptions to logistics. Furthermore, we are operating in an unprecedented environment, with the situation in Russia and Ukraine, interest rate hikes overseas to curb rapid inflation, and a weak yen. In order to achieve sustainable growth under these circumstances, I believe it is important to return to our purpose, as I mentioned at the beginning, and work to realize our corporate philosophy.
We live as citizens of this irreplaceable planet. Our lives are becoming more sophisticated and comfortable with each passing era. However, we believe that this lifestyle should not come at the expense of global warming, marine pollution, natural disasters, food shortages, human rights issues, and the depletion of natural resources, all of which are occurring around the world. Our corporate philosophy cannot be realized without addressing social issues such as human rights, employee working conditions, and job retention, let alone addressing climate change and using resources and energy more environmentally consciously as we move toward carbon neutrality. It is based on this background and philosophy that we continue to take on new challenges in the electronics industry.
At Meiko, we place sustainability at the heart of our management and will increase our corporate value through sustainable growth and contributions to society. We appreciate your continued support and guidance.
A company is closely tied to the communities and regions in which it operates, as well as to the earth, existing as a member of those social spheres. We at Meiko always bear in mind the role that we need to fulfill in these spheres as we seek to be accepted and grow to be a company worthy of the public’s trust. With the progress of globalization, global human networks have expanded in our lives, and the demand has been created in various fields, thus economic revitalization has been brought about. On the other hand, global warming, marine plastic pollution, natural disasters, food problems, human rights problems, etc. are occurring around the world, and as evidenced by the adoption of Sustainable Development Goals (SDGs) at the United Nations, there are growing expectations being placed on the corporate sector with regard to the solving of social issues.
In these circumstances, COVID-19 has spread around the world and has had a serious impact this year. Lockdowns were executed to prevent the spread of infection, and the plant shutdowns, store blockages and entry restrictions were implemented in corporate activities, resulting in a sharp drop in demand, affecting employment and wages, etc. It has become necessary to reexamine the social life that has existed.
These changes in the social environment require us to strengthen our management efforts that emphasize ESG in "society" and "governance" in addition to the "environment" field which we have been focusing on in our business areas.
Meiko will support the evolution of cutting-edge technology and contribute to the creation of an affluent society through diverse working style, maintaining employment, and solving social issues by realizing our management philosophy of "providing the best products and services to customers, and happiness for employees and society through manufacturing."
President and CEO
Yuichiro Naya