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Polishing Our Strengths as a Specialist Manufacturer - Striving Toward Becoming a Unique Manufacturer -

President,CEO:Kazuhiro Takeuchi

To all of our shareholders and investors, we at TOA wish to thank you for your dedicated support, and we hope this greeting finds you in good health and prosperity.

On June 28, 2017, TOA welcomed Kazuhiro Takeuchi to a new post as President and CEO. Since our founding in 1934, TOA has been dedicated to a philosophy of “selling sound, not equipment,” and over the years this philosophy has guided us in becoming an expert manufacturer specializing in sound and video components. While the period ending March 2017 has unfortunately shown decreases in both revenue and profits, we have nonetheless been making steady progress on many of the initiatives called for in our current medium-term management plan (March 2016 to March 2018), among them a move “Product-Oriented to Service-Oriented” and “5 TOAs in the world.” Under a new organization, we now endeavor to further refine the strengths we’ve cultivated as a sound and video specialist manufacturer and to achieve speedier, more timely product supply.

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