Message from the President
Social IN - Olympus aims to realize a better livelihood and happiness for all through its activities as a value-creating enterprise
Economic performance remained strong until the middle of fiscal 2008, when the subprime mortgage crisis triggered a financial crisis of unprecedented severity. This situation impacted both the domestic and overseas activities of the Olympus Group. The resulting economic recession inevitably caused a rapid decline in the performance of our Imaging Business, which handles consumer products, and our Medical Business. We responded to this situation by working within the guidelines set down in our "Social IN" management philosophy to strengthen Olympus Group's business structure, including management integration with a British medical equipment manufacturer that we acquired in 2008.
The Social IN management philosophy expresses our commitment to help all people achieve health and happiness in their lives by working as an integral member of society, by sharing our values and by offering new values to society through our business activities. To accomplish these goals, we need to maximize our corporate value while providing value to society. We define corporate value as the sum of financial and intellectual capital values. To increase this, we need to increase the sophistication of our corporate culture and quality whilst enhancing the value of every individual employee. By maximizing corporate value, we not only maximize shareholder value but also create a win-win relationship in which all stakeholders are linked by bonds of trust and can share the sense of pride together.
The goal of the Olympus Group's activities is to establish a win-win relationship with all stakeholders, including employees and their families, customers, suppliers, shareholders, local communities and society in general. One example of this commitment is our membership of the United Nations Global Compact (GC) since October 2004. We have incorporated the 10 Global Compact principles into our Corporate Conduct Charter and code of conduct as guidelines for every employee in the Olympus Group.
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