Corporate Message
We would like to extend our most sincere appreciation for your support of the Fuji Media Holdings Group.
In October 2008, Fuji Media Holdings and the Fuji Media Holdings Group transitioned to a certified broadcast holding company structure centered on the broadcasting business. Since that time, with due respect to the public mission of broadcasting and our social responsibilities, we have produced and presented high-quality content that has been widely trusted by viewers and users, focusing mainly on programs for broadcast but also movies, events, videos and music, and life information. At the same time, we have strived to maximize the value and earnings generated from this content by developing dynamic business links within the corporate group, along with diverse media.
However, the fiscal year ended March 2010 presented an extremely difficult business environment for the Fuji Media Holdings Group, due to the slowdown in advertising and consumer spending that has continued since fall 2008. We responded with stronger group governance and careful cost management in all group companies, and although consolidated earnings were down in the subject fiscal year, the earnings capacity at each company has steadily improved. We believe that we have established a structure that will provide considerable increases in earnings from the fiscal year ending March 2011.
Going forward, we will secure our position as the leading company in the media content industry through a sustained effort to accurately assess the changes in the external environment that has resulted from the rise of new media and communications services, as well as the changes in consumer lifestyles and other social shifts. We will also establish a solid business foundation that ensures even greater stability in earnings while allowing for sustainable growth, as well as enhance the enterprise value of the corporate group in order to meet the expectations of shareholders.
In closing, we would like to express our sincere appreciation to all stakeholders for their continued support of the Fuji Media Holdings Group.
June 2010
