originates from the belief that if we take interest and pride in the work that occupies most of the active time in our lives, in the place where we spend the majority of each day, then as a result our satisfaction with life will increase, and we will be able to enjoy our lives even more. Taking interest and pride in our work leads us to "Joy and Fun."

We, at the Horiba Group, apply of our most-advanced analytical technologies to provide highly original analytical and measuring products and equipment in such fields as engine emissions; scientific analysis; industrial and process control; environment monitoring; semi-conductor process control; medical and health-care; and biotechnology, thereby contributing to the progress of science and technology, improve the quality the development and benefit human health. Group companies engaging in the new businesses for derivative and peripheral products aim to develop scientific technology and improve the life of the community, while at the same time minimizing the impact on the environment.

We strictly abide by all environmental protection laws and regulations in our ordinary business activities. In addition, all Group companies are required to attain the highest levels of quality for establishing, developing, and maintaining environmental systems, including implementing internal control standards that minimize the impact that our business activities have on the environment.

We strive to deliver higher value-added products and services in the shortest possible time to customers all over the world, combining the functions and specialties of development, production, sales, and services from globally located points throughout the world. Furthermore, we aim to be the leader in the global market in the fields and product segments in which we operate, to meet all customers' needs consistently, and to effectively maximize our limited resources through a policy of selective investment.

We maintain a philosophy of pursuing technology to an ultimate degree in both the fundamental and applied technology fields, supplying products that continuously satisfy customers' requirements. We are committed to offering top-quality, highly reliable products and services with a consistent level of excellence throughout the world. Group companies are obliged to attain the highest standards for establishing, developing, and maintaining quality control systems. To provide products and services to customers in the fastest delivery time possible, we have adopted the slogan "Ultra-Quick Supplier" for all the Company's activities. This slogan encompasses not only production lead times but also development, marketing and sales, service, and control functions.

Our basic policy is to calculate annual dividends on an allocated rate of net income. Important information regarding management and business operations are fully disclosed on a regular basis to shareholders and potentially interested parties. A timely responsive management control system will be established by group companies to ensure that company objectives are met, profit generated and the information disclosed the truthful representation of the performance of the Company as well as its management.

We are proud of the entrepreneurial spirit that led to the creation of the Horiba Group. Each employee is made aware of this heritage, and we actively encourage ideas and innovations from individual employees. Horiba promotes an open and fair business environment that allows all Group employees to achieve their individual goals and maximize their potential. To further employees' personal and professional growth, we encourage employees to think from a global perspective and establish a global personnel development program and performance evaluation system. We value employees who challenge their personal abilities and recognize their accomplishments.