Thanks to the support of our customers and stakeholders, Nisso Industries celebrated its 48th anniversary.
After weathering the oil shock of the early 1970s, Nisso Industries made inroads into the construction industry in search of new markets and, without pause, tackled the challenges of reaching the very highest architectural levels in the industry and extending its achievements to build a bright and prosperous future. Products like the Angel's wing and Column Stage served to drive the company’s rapid growth in the steel-frame scaffolding. During the course of its history, the company developed the 3S Modular scaffold, the driving force behind the success of Nisso Industries today and which made it possible for the company to advance into civil engineering. Nisso Industries has been a trail blazer in new fields at each stage of its growth, and I believe that it is this ability to adapt that has made the company what it is today.
While Nisso Industries has followed this course to the present day, I believe that the management environment has reached a turning point. Looking at areas where restoration and recovery activities are currently underway, for example, demand is limited. Not only that, but because the process of restoration and recovery is limited to specific areas, meaningful decisions on a nationwide basis are absolutely impossible to make.
If one considers whether or not markets will grow not only in the construction and civil engineering industries, as well as in public works projects, I feel that there is absolutely no doubt that we cannot expect such growth. I believe that recognition of this situation is shared throughout a wide range of industries.
I believe that if we examine the situation carefully, then the strengths of Nisso Industries can be divided into two areas. The first is a corporate culture of pursuing and putting into practice the engineering capabilities we have developed over the last 48 years. The second is maintaining an abundant inventory of diverse special products.
The second of these is problematic. An abundant inventory means excessive stock in times of diminishing market equilibrium. In other words, we need to make changes in applications in preparation for the era of maintenance.
I believe that this attitude is a distinctive characteristic of Nisso Industries. Looking half a step ahead of the times to realize adaptation and commercialization, continually applying our engineering capabilities to launch products that appeal to our customers, or tenaciously persevering in times of adversity. Earlier in this message, I said that we have reached a turning point, and this is also a declaration of our resolution to practice management that manifests our company’s distinctive characteristic of adapting to circumstances and responding rapidly for the very reason that we are in the midst of a time of major market changes.
The most important consideration as a company is to realize an environment that motivates and brings joy to our employees and fulfills our responsibility of providing steadfast treatment. The Nisso Family logo is the company policy of Nisso Industries and represents a solid foundation that all our employees can rely on. It is my wish that our family will continue to work together hand in hand to build the very best possible corporate culture.
Chief Executive Officer & President
Nisso Industries Co., Ltd.