OKI's business environment continues to undergo significant changes, including labor shortages and aging infrastructure in Japan, environmental issues, technological innovations such as 5G/AI, and paradigm shifts caused by COVID-19 in the global market.
In order to respond to the social challenges brought about by these changes in the business environment, OKI is accelerating innovation through co-creation, restructuring its business portfolio and strengthening its management foundation. With the installed base of devices and a strong customer base that we have built over a long history as the source of value creation, we aim to resolve social issues through both mono-zukuri (manufacturing) in the real world and koto-zukuri (creation of solutions and services) that link such devices to the cloud in real time.
In order to realize our vision, we positioned the three years until fiscal 2022 as the period for laying the groundwork and formulated an action plan "Medium-Term Business Plan 2022". In light of the accelerating changes brought about by the COVID-19, we will implement structural reforms and create products and services that contribute to solving social issues by leveraging our strengths in AI edge computing technology and manufacturing.
OKI will support the social infrastructure, realize safer and more convenient lifestyles, and aim for sustainable growth together with society. We are grateful for the continuing support and cooperation of all our shareholders and investors. I ask for your continued and steadfast support as we move forward.