Murata conducts its business activities keeping in mind its relationships with its various stake-holders. Murata's wide variety of stakeholders include customers, shareholders, investors, employ-ees, suppliers, governments and local residents. Murata believes that a corporation should not only pursue profits, but also have a great influence on society. If it fails to gain society's trust, it will not be able to operate its business activities effec-tively and productively. To enjoy the confidence of society, it is necessary for us to sincerely listen to our stakeholders, and meet their requests. Repeated communication with our stakeholders enables us to consider the roles we should play, the challenges we should address, and the goals we should set and achieve, among other things. Through such communication, we aim to become a more reliable company.