The Vitec Group has formulated a medium-term management plan covering the three-year period from fiscal 2010 to fiscal 2012.
Underpinned by the key words “starting anew,” we will evolve from a semiconductor to an electronics technology trading company. In cultivating new markets, commercial products and schemes, we will forge a leading position within the electronics industry.

1.Improve the Group's Business Structure Balance
The Vitec Group will endeavor to improve its overall business balance by implementing relevant structural reforms.

2.Growth Strategy
In addition to further upgrading and expanding commercial products, the Vitec Group will work tirelessly to promote its overseas strategy, cultivate new businesses and strengthen its technological capabilities. Through these means, we will build a robust technology and technical support platform.

3.Enhance Customer Satisfaction
Channeling our energies toward enhancing customer satisfaction, we will reinforce our customer-centric sales and marketing structure, improve management and operating quality in accordance with ISO standards and guidelines and engage in environmentally conscious business activities.

4. Strengthen Management Infrastructure
Adhering strictly to the keywords “profit and risk management,” we will reinforce our capital base, improve the quality of internal governance and strengthen our management infrastructure including each of the personnel, information infrastructure and logistics frameworks by implementing appropriate structural reforms.

Under its medium-term management plan, the Vitec Group plans to promote growth in its existing activities, identify and launch new businesses and to enter new markets such as China. In the fiscal year ending March 31, 2011, we have established several key numerical targets including net sales of ¥140,000 million, ordinary income of ¥1,600 million and net income of ¥1,400 million.
Thereafter, the Group will bolster sales throughout Asia by establishing an overseas headquarter function. Taking into consideration steps to carry Korean commercial products and to establish, strengthening, upgrade and expand technological capabilities, the Group plans to achieve net sales, ordinary income and net income of ¥190,000 million, ¥3,800 million and ¥2,300 million, respectively, by the fiscal year ending March 31, 2013, the final year of the medium-term management plan.
The Vitec Group considers its current medium-term management plan as a steppingstone in its ongoing evolution. Looking further ahead, we are confident that the Group will achieve a wide spectrum of ever-increasing numerical targets while overcoming numerous challenges and issues.

Unit: Millions of Yen

Consolidated	FY2010	FY2011	FY2012
Net Sales	140,000	170,000	190,000
Ordinary Income	1,600	2,500	3,800
Net Income	1,600	1,700	2,300

The Vitec Group is dedicated to creating corporate value and increasing profits by taking full advantage of its collective strength. At the same time, the Group will make every effort to return profits to its stakeholders including shareholders and to contribute to society as a whole.
As a part of these efforts to return profits to shareholders, we have identified a cash dividend payout ratio target of 30%.