Since our founding in 1954, Advantest has refined our electronic measurement technologies and grown organically in step with the electronics industry. Semiconductor test systems, our current flagship products, test whether semiconductors work as designed without malfunctioning. These semiconductors are used in various products that we all rely on in our daily lives. Thus, Advantest contributes to worldwide safety and security through measurement technology.
Currently, the digital revolution is embedding innovations such as IoT, AI, deep learning, self-driving cars, and more into our daily lives. In the future, semiconductors will have even higher performance, while being smaller and consuming less power. Higher reliability will be more important than ever.
As Advantest does business around the world, we are striving to globalize our management team and strengthen the global network of the Advantest Group, to further support the innovations needed not only in Japan but in the semiconductor industry worldwide.
Recently, initiatives aiming to resolve social issues and build a sustainable society such as the Paris Accord and Sustainable Development Goals (SDGs) are spreading globally.
In 2016, Advantest set out important issues (materialities) and evaluation metrics to address as a part of our commitment to sustainability, including sustainable financial performance, establishment of a compliance system, reduction of environmental impact, and prevention of corruption. We are also promoting efforts to achieve these goals throughout the entire company.
We have announced a ground design and medium-term management plan (FY2018-FY2020) as medium to long-term policies for 2018 which look ahead ten years (FY2018-FY2027).
We will actively work to address ESG issues and drive medium to long-term corporate value based on our strong desire to contribute to solutions for social issues through our businesses inherent to the Tested by Advantest outlined in our medium to long-term management policies.
As part of this initiative, in May 2019, we announced our participation in the United Nations Global Compact, a global initiative proposed by the United Nations.
Respecting and implementing the ten principles of the UNGC in the four areas of human rights, labor, environment, and anti-corruption, Advantest will act as a good member of society, and contribute to the achievement of the SDGs (Sustainable Development Goals), which are common issues for all humanity.
Advantest will continue to develop superior electronic measurement technologies to respond to society's needs and issues as they arise, furthering our contribution to sustainable development worldwide.
Together with our stakeholders, I look forward to a bright future of shared prosperity and ongoing innovation.