During the six months under review, the global economy showed a recovery overall, although there were still uncertainties regarding the political outlook and policy operations. In Western countries, solid growth was maintained with the employment situations improving and consumer spending picking up. In Asia, the economy was on a recovery trend mainly thanks to consumer spending and demand for infrastructure in emerging economies, despite the growing geopolitical risk.
In Japan, the economy continued to show a moderate recovery given signs of recovery in consumer spending backed by improvements in corporate earnings and the employment and income conditions.
Under this environment, based on the “Medium-Term Business Plan 2021,” of which term covers five years from the fiscal year ended March 31, 2017, to realize the improvements of “Earning power through operations” and “Value in capital markets,” we are working on the strategic themes such as 1) Promoting global branding, 2) Focusing on priority overseas locations, 3) Laying stronger foundations for our domestic profit base, 4) Establishing a second pillar that generates revenue and profit, 5) Developing and strengthening human resources for global management.