I would like to see IEE to be a catalyst for these dynamic changes by providing our society with the products and services of Mitsubishi Electric quality.
I would like to take this opportunity to express my profound gratitude to all of the frontliners who are working tirelessly to prevent the spread of the virus, especially to our employees who are forefront working with the medical, food and bank industries.
I am honored to have become the President of International Elevator and Equipment, Inc. (abbreviation IEE) in May 2021.
The year 2020 marked a turning point for the Philippines. Along with the increased uncertainty caused by COVID-19, significant changes occurred in people's work-life style. Our operation, just like other businesses in the country, has been hampered in various aspects. We have witnessed the incredible power and value of digital technologies as a result of these changes. These social changes sparked by digital technology are very likely to continue in the future. I would like to see IEE to be a catalyst for these dynamic changes by providing our society with the products and services of Mitsubishi Electric quality.
Meanwhile the situation is unpredictable, there are signs that demand for our product and services by some industries and our business performance is on track for recovery. We plan to continue undertaking proactive measures to transform our business portfolio, where growth is anticipated. We have nurtured, promoted, and has the capabilities to implement Mitsubishi Electric's world-class technologies over our more than 50-year history in terms of the products and services being offered. We must convert these strengths into concrete consumer values such as ensuring safety and efficiency and continued delivering these values to our society.