|We have been engaged consistently in automobile parts business since
on founding in 1948 (Showa 23) in Tsurumi-ku, Yokohama-shi . Despite
various difficulties, we have made a steady growth on the basis of
the development of the Japanese economy and the auto industry, and
in 1995 ( Heisei 7 ), Yorozu Corp. was listed in the first section
of TSE. Now with the structure of 6 domestic companies, and 8 overseas
companies, we continue supplying automobile part products such as
"suspension" which is our specialty on a global scale to 11 Japanese
car makers and major car makers of the world.
Taking the occasion of our renewal of our homepages, I wish to express
my appreciation for everyday support and favor of stockholders.
||The basic policy of management
||With a company vision "Although small, we aspire to be an excellent
global company " we offer the best quality products to customers
in the world to their satisfaction and promote our activities positively
for establishment of a trusted company group.
Also, promotion of fair and highly transparent activities of the company
with high ethical standards and law-abiding spirit are our basis of
||About Corporate Governance
||As stated in the basic policy of management, we think that the laws
and ordinances observance is important for a company in the basic
policy of management, therefore, securing of transparency in respect
of overall management and business operation is our important task.
The board of directors decides the basic policy, matters related to
laws and ordinances, and other important management matters. Also
the board is positioned as an organ to supervise the business execution
by execution officers.
The auditors meeting consisting of two outside auditors and one interval
auditor performs, in collaboration with on auditing company, regular
audits of accounting and business operation, and extraordinary audits
of business operation if necessary.
For stockholders and investors, we provide information through holding
of a situation briefing session, a stockholders' conference and a
settlement of accounts briefing session.
In addition, an English version is added at this time, as our homepages
are renewed substantiated contents for the benefit of overseas stockholders
and an investors.
||Profit distribution to
||As our policy about profit distribution, we have distributed consistent
dividends on a long term basis.
We distributed cash dividends of 10 Yen per share for the fiscal year
ended March 2003. We expect to do the same ( 10 Yen per share dividends
) for the fiscal year ending March 2004.
||About a mid-term management
||We have made the mid-term management plan in prospect of five future
years and are wrestling toward the achievement. Under the 2004-2008
mid-term management plan ( YSP: Yorozu Success Plan ), we aim at consolidated
sales of 1,050 hundred million yen, and consolidated operating income
vs. sales amount ratio of more than 6% in year 2008 as the management
For that purpose, we deal with "a production revolution"
and "a management revolution", as two pillars of management
As the concrete important strategies, we aim at :
1) Improvement of "human resources" and " work performance
2) Reinforcement of marketing and product competitive power
3) Evolution of YPW ( Yorozu Production Way).
||About Yorozu Success
Plan ( YSP )
||In response to Nissan Revival Plan ( NRP ) exercised in 2000, we
have dealt with YSP (Yorozu Survival Plan), and achieved large cost
The naming has been changed to YSP (Yorozu Success Plan ) since 2003,
we are addressing with further cost reduction.
The entire Yorozu group companies in solidarity are promoting the
mid-term management plan.
Including the view to varying the rates of dividends with the relative
business results in the future, we'll continue to make every effort
to serve your need.
I kindly ask stockholders for all the more support, and encouragement.