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Letter to Shareholders from the President

Hiromichi Toda  The construction of advanced information networks is continuing as we enter the era of the ubiquitous network that enables access at any time, anywhere, for anyone. The availability of third-generation (3G) mobile telephones capable of high-speed data communications including moving images, wireless LANs, optical subscriber lines and other advances indicates the growing momentum of the shift to broadband in the communications system. Advances in Internet Protocol (IP) technology are leading to the convergence of wireless and wired telecommunication networks, and needs are expanding for greater sophistication and integration in technologies, services and mobile phone functions. These areas are where Anritsu is strongest and has many achievements in test and measurement technologies. We will continue to provide precisely what customers require for next-generation networks by supplying "Original & High level" technologies.

  The world has become a single market, and our customers are taking a global approach to operating in specific regions. Anritsu is implementing an innovative, market-driven, customer-focused strategy. We are getting closer to customers by reinforcing cooperative work-sharing arrangements among our product divisions in Japan, the United States and the United Kingdom, increasing the staff in our marketing organizations in Japan, North America, Europe, Asia and Oceania, and building global technical support organizations to respond to the requirements of customers.
  Looking ahead, we will further strengthen global management to achieve recognition of our core test and measurement business as the global market leader from customers around the world. We will then apply a similar process to other businesses to grow them into profit generators so that we can build Anritsu into a global brand.

  Anritsu will continue to deliver precise solutions that offer high value to customers, and thus contribute to the realization of the ubiquitous network that forms the basis of a secure, safe and comfortable society. In addition, we will manage our operations with the aim of maximizing Anritsu's corporate value.

Hiromichi Toda, President
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