Message from the President To our Shareholders and investors Dear Sirs: Since the global economic fluctuations that began to occur in September 2008, the environment that surrounds our industry has become extremely harsh. The severity of the mega-competition that can be witnessed at the source of global markets is anticipated to increase even more in the future. In the face of these difficulties, in order for Mitsuba to continue to be recognized as leading enterprise, we believe that it is extremely important for us to continue to provide products backed by our unquestionable technology and reputation and known for their high quality and highly competitive edge. For this reason, the skills and expertise possessed by our company must continue to evolve in order for Mitsuba to be able to manufacture the world’s top products. In order to obtain the highest level of confidence among the customers in our market, we must carry out all of our corporate activities with quality as out top priority.　Furthermore, we believe that we must continue to elevate our high earning capacity through careful selections, concentration and management capable of performing at a faster pace. We believe that confronting and striving to meet the challenges of these high objectives will eventually lead to growth and development among our personnel, our groups and the enterprise as a whole. Through these kinds of activities, we intend to achieve the capacity that can allow us to fully respond to the anticipations of each and every one of our shareholders and investors. We look forward to your continuing support of our efforts. Sincerely, Tsuneo Akuto, president