The Pioneer Group has experienced business growth while aiming to adhere to a philosophy that expresses our founding spirit of “Move the Heart and Touch the Soul” and our unshakeable principle“pioneering approaches” represented in our company name. In the Car Electronics business, which is our current mainstay business, we have created new cultures and heart-moving experiences with our customers through the release of numerous world firsts, including the component car stereo and the Global Positioning System (GPS) navigation system. Going forward, we will further pursue entertainment, which is our forte, and integrate information on the vehicle, the driver and passengers with various information services provided through optimal interfaces in order to become a leading company in “Comprehensive Infotainment” that creates comfort, excitement, reliability and safety in-vehicle.
Enterprises from various industries have entered this business field and are working with a view to the future mobility society. We are developing “3D-LiDAR (Light Detection and Ranging) sensors,” “maps for autonomous driving,” and their combination, a “data ecosystem,” as a promising car-related business which utilizes our strengths.
We are also accelerating our initiatives to offer global standard maps and global high-definition map services to support autonomous driving through the business and capital alliance with HERE Technologies, a Netherlands-based global provider of mapping and location services. Contributing to development of the mobility society, we aim to become an “essential company” toward the realization of autonomous driving.
2018 will mark the 80th anniversary of the foundation of Pioneer Corporation and we position 2018 as an important year in which to strengthen the business base for future growth. Above all, we recognize that our response to Environment, Social, and Governance (ESG) issues will provide opportunities for enhancing corporate value over the medium to long term. For example, the sensor technologies and the map data, the areas we are currently focusing on, are expected to be applicable across the wide-ranging fields of social infrastructure, not just for autonomous driving. We also think the growth of the organic light-emitting diode (OLED) lighting business and the medical and health care-related devices business will contribute to the achievement of universal goals, such as the United Nation’s Sustainable Development Goals (SDGs). By vigorously and proactively promoting CSR management throughout our business, we aspire to be a globally preferred company far into the future.
I look forward to your continued understanding and strong support in the months and years to come.