Thank you for reading Panasonic's Annual Report 2020. Panasonic positions its Annual Report as an integrated report incorporating management strategies for medium- to long-term growth; environmental, social and governance (ESG) systems and initiatives; operating results and financial position for the fiscal year under review; and other information. It is published primarily for investors.
This report discusses progress on the Mid-term strategy, which aims to have the Company overcome low-profit structure, our medium- to long-term management approach beyond COVID-19, and the aims of transitioning to a holding company system to further enhance business competitiveness. We also provide an overview of our new structure and its future direction. Also, we consider ESG to be one of our management foundations that underpin the Company's business activities, and therefore present information about specific policies and initiatives from the viewpoints of business opportunities and social responsibilities.
Since the Company's foundation, Panasonic has endeavored to contribute to the progress and development of society and the well-being of people through its business activities based on the thinking that a company is a public entity of society. Moving forward, we will aim to achieve sustainable growth and enhance corporate value by putting into practice our management philosophy.
Panasonic will actively conduct dialogues with investors and invite opinions to be considered regarding the Company's management. Thank you for your further understanding and support for the Company.