Greetings

 First, we would like to thank you, our shareholders, for your continued support.
 This is to inform you that our company's Interim Business Report for the 39th fiscal year (from October 1, 2016, to March 31, 2017) is now available for your review. On this occasion, I would like to say a few words.
 During the first two quarts of this fiscal year, the business environment surrounding the Group remained favorable with the yen on the depreciation trend as regards the exchange environment and a robust demand environment mainly in the major overseas markets. Given the situation, we promoted measures with a view to improving our profitability and expanding the scale of our business, proactively developing products and proposing technologies that satisfy the ever-changing customer needs, as well as making efforts to strengthen our domestic and overseas production systems. As a result of these efforts, our ordinary income, final income and orders received have reached the highest levels ever recorded. Once again, we extend our heartfelt appreciation to our shareholders for their assistance and cooperation.
 There also may be changes in the external environment such as the risk of exchange fluctuations and the slowing down of the global economy due to political instability.
 Under such circumstances, we will be implementing our priority measures in order to enhance our corporate competitiveness. We will endeavor to strengthen the production systems of the Group overall through efforts that include preparations to construct a new factory in Japan and the strengthening of the production capability of our large-sized machines, in addition to the ongoing construction of the third factory in India. We will also work to enhance the scale of our sales by focusing on customer needs in promoting sales and market development, while proactively engaging in the development of unprecedented new products.
 We hope our shareholders will look forward to our company's further growth, and we would greatly appreciate your continued encouragement.

June 2017
Chairman and CEO
Daiichi Aoki