We at Epson have always exercised creativity and challenged ourselves to deliver products and services that exceed the expectations of our customers around the world by drawing on the efficient, compact, and precision technologies we have developed since our company was founded in 1942.
In 2016, Epson established the Epson 25 Corporate Vision. This document describes a vision of how we want Epson to be in 2025 and maps out a path to get there. We envision creating a new connected age of people, things, and information by leveraging Epson's core technologies to drive innovations in four areas: inkjet, visual, wearables, and robotics.
The 2019 fiscal year marked the start of work under the Phase 2 Mid-Range Business Plan for achieving the vision. During this three-year phase, we will capitalize on the advanced core technologies, additional production capacity, and insights that we accumulated during the first phase in order to continue to drive innovations in the four areas. At the same time, to continuously create new value that exceeds customer expectations and to deliver it worldwide, we will create new markets by collaborating with business partners and embracing open innovation. We will work with others who share our aspirations of using Epson's technologies to create new, environmentally conscious products and services and rapidly meet the needs of even more customers. And, we will use our global network to deliver valuable services to markets and customers around the world.
Epson Group employees, a global workforce of 70,000, hold the key to achieving this. To unlock the full potential of our people, we will cultivate an environment that encourages free and open communication. We will build a dynamic global team where individuals pool their knowledge and experience, maintain a healthy sense of urgency, and feel a sense of enjoyment and fulfillment.
Epson has identified "advancing the frontiers of industry" and "achieving sustainability in a circular economy" as two key elements of its value creation story and is currently working to deliver products and services that contribute to sustainability. We are leveraging our efficient, compact, and precision technologies to drive innovations in four areas, including inkjets. I believe that our technology can help to shrink environmental impacts, increase productivity, and play a major role in solving social issues and in achieving the Sustainable Development Goals of the United Nations. The actions we take will help to make the world a better place.
President and CEO
Seiko Epson Corporation