SIOS Technology, Inc., which started as Ten Art-ni Corporation in 1997, celebrates its 20th anniversary on May 23, 2017. Looking back on those 20 years of ups and downs, we have never lost sight of where we came from and where we are headed. Besides, all of you stakeholders have made us what we are today. On behalf of SIOS Technology, I appreciate the support you have extended to us all these years.
Annual sales of the SIOS Group have grown to 10 billion yen in 20 years. This is a stepping-stone from which we will move on to become an influential player in the global IT arena by continuing to create greater value with our innovative software solutions.
Pursuing revenue growth is not the only objective we strive to achieve. We believe that retaining the trust of society is equally important and must be one of our top priorities.
In June 2016, we announced revised consolidated financial results for the past fiscal years to reflect the impact of inappropriate accounting practices conducted by one of our consolidated subsidiaries. On behalf of SIOS Technology, I apologize for any inconvenience this may have caused you. We would like to assure you that the SIOS Group has taken every step possible to ensure that no such misconduct will occur in the future and that we are fully committed to retaining the trust of society.
In December 2016, the Company's Board of Directors adopted a resolution to reorganize the SIOS Group into a holding-company structure in 2017. Its objectives are:
・Consolidate the Group's back-office functions into a holding company to achieve greater effectiveness of corporate governance and compliance
・Enable each Group company to make business decisions more timely to accelerate growth
・Aggressively pursue merger and acquisition opportunities
As we celebrate our 20th anniversary, SIOS Technology has entered the new phase of growth. We are committed to meeting your expectations as we go forward.
Chief Executive Officer
SIOS Technology, Inc.