The Vitec Group has formulated a medium-term management plan.
Underpinned by the key words “starting anew,” we will evolve from a semiconductor to a value creating trading company. In cultivating new markets, commercial products and schemes, we will forge a leading position within the electronics industry.
Major Strategies for Achieving Established Goals
1.Device Business Group
The Vitec Group offers a broad lineup of products that address various customer needs. We thus handle a wide variety of semiconductor products and electronic devices selected from around the world. We have also begun in earnest to sell measurement instruments and enter the materials business, including fluorochemical products and electrode materials. The products that we handle are used in a diverse range of industry, from consumer electronics to automobiles, industrial machinery and infrastructure. We are also keen on entering promising growth fields such as medical equipment, robotics and railway equipment. We have endeavored to strengthen our business relationships with afliates and partners inside and outside Japan. Going beyond simple product introductions, our mission is to fulll all the needs of our customers, whether they are for solutions, technological development support, logistics, procurement agency, or ODM. As a total business coordinator, the Vitec Group aims to create new businesses and schemes with the aim of developing high-value-added businesses.
2.Environmental Energy Business Group
In the Environmental Energy Business Group, Vitec has set its sights on markets in Japan and around the world for its proposal-based sales of photovoltaic panels and other products for generating, conserving and storing energy. Driven by the concept of generating and consuming energy locally, we are a one-stop resource for the design, construction, operation and capital planning of power generation facilities installed on the rooftops of buildings as well as mega solar plants on idle land. With regard to the mega solar power business, two power stations we helped build have started operations as of March 2013. We expect to work on 20 more installations in fiscal 2013 and aim to develop a total of 100 mega solar power installations around Japan over a two-year period. Vitec understands the various needs of its customers and proposes solutions that address these needs for mega solar power projects. We also offer other services including mega solar power solutions for snowy regions, agricultural solutions including plant factories, visualization systems for power plants, and other renewable energy projects that harness the wind, small-scale hydroelectric power and biomass. In March 2013, we entered the electricity trading business with the establishment of V-Power Co., Ltd. Through this venture, we aim to establish ourselves as a brand name in renewable energy and a new high-value-added electric power company, and sell inexpensive electricity to local governments and corporations that are concerned about the environment.
3.Global Business Development
The Vitec Group will launch global projects and make it its mission to enter new growth fields and to enterprisingly develop local markets overseas. In its Solutions Business, the Group will also focus in particular on the development of modules and dongles for smartphones and tablet terminals.