PULSTECPulstec Industrial Co.,Ltd.Japanese
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Summary of Pulstec
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Summary of Pulstec
PULSTEC Create New Value
We began as a challenge undertaken by a few individuals of confidence and optimism, and more than 30 years later we have grown into a company that makes an important contribution to our society. The spirit of challenge remains the core of our enterprise, as our engineers and their colleagues work diligently to develop new possibilities for each new age. We shall continue to move forward as a group of top-level professionals applying our ideas and our expertise to the tasks of creating new values and fulfilling dreams.
The Origin and Meaning of Our Name
 Katsumi Ito and Sumiyoshi Tagaya started Hamamatsu Controls in November 1968, and the following November established the company as Pulstec Industrial Co., Ltd. The Japanese economy was entering its period of very high growth, and the electronics industry was beginning to move away from vacuum tubes and into a new era of transistors and integrated circuits. The company's founders foresaw the rapid advance of electronics into a wide variety of different fields, and understood the growth potential of a company that focused on applied electronics technologies. The name Pulstec was an abbreviation for "pulse technologies"-the technologies of the electronic pulses that serve as the heartbeat of all electronic equipment.
Principles and Strengths of Our Company
 Since our beginnings, we have brought together new technologies, original ideas, and highly capable engineers for the purpose of creating products that meet customer needs and contribute to the advancement of society. Our customer list includes manufacturers from various fields, such as electric appliance, OA equipment, transport equipment, precision machinery, chemical, fiber, and medical equipment-and we believe that it is our mission to help these manufacturers solve their production-line problems and other technical issues. Consequently, we strive to provide high-quality and reasonably priced products that meet a wide variety of needs-such as products and equipment that support automation and power savings. (See "R&D.")
Our business principles and business strengths are enumerated below.
 Business Principles
To use our creativity and capabilities to create new value and to contribute to the betterment of society.
To proceed in good faith with all members of society, as we seek to further not just our own prosperity but also the well-being of all individuals.
To remain aware of our responsibilities, and to apply wisdom and good faith as we seek to open new possibilities.
 Strengths
Approximately 55% of our employees are engineers-bringing together expertise in electronic circuitry, computer applications, optics, precision machinery, automated control, and mass production.
Consequently, we excel in creating products that combine various technologies and that bring together different kinds of expertise.
We are the industry leader in technologies related to evaluation, adjustment, and inspection of optical discs and pick-ups.
We have customers in a variety of industries-including electrical appliance manufacturers, chemical suppliers, and automakers. The majority of these are top-level companies listed on the first section of the stock exchange.
We are actively working to develop markets in Asia, Europe, North America, and other areas throughout the world.
We have a strong R&D organization, with 10 engineers assigned as R&D specialists and over 60 engineers engaged in R&D issues in addition to their usual duties, all working together to come up with new high-value-added products.
We respect the autonomy of all of our employees, and maintain a flexible company structure that encourages all employees to generate their own ideas and to venture opinions freely without regard to rank or position.

Business Content
 We manufacture and market inspection and evaluation devices for optical discs and pickups, as well as a variety of measuring devices, control devices, data-processing equipment, and other such electronic equipment. We also assemble and market electronic components, including circuit boards for use in control of various commercial and non-commercial devices.
For the period ending March 2008, 91% of our sales revenue came from electronics application equipment (specifically, 71% from equipment and devices related to optical discs, with 20% from other specialized devices), while 9% came from assembly of electronic components.
 Equipment for Optical Disc Applications
 Our optical-disc evaluation equipment is considered as industry standard, and has played a crucial role in the development of the optical-disc industry. Today-as we move into the age of broadband-we are applying leading-edge technologies in our effort to develop even faster and higher-capacity optical discs that can meet the coming demand. We are working to utilize our leading-edge technical capabilities and our creativity as we develop new products that will help fulfill our mission of further developing the optical-disc industry.
 
Noteworthy ProductsFeaturesApplications
BD/HD MASTER Disc Evaluation System
BD/HD MASTER Disc Evaluation System
Production-line device for evaluating the electrical characteristics of HD DVD and Blu-ray discs. Maintains high-level compatibility with our ODU-1000, the industry standard..Used by disc manufacturers and developers as a quality control tool and process checking tool.
INSPECTOR
BD/HD QA Tester
INSPECTOR BD/HD QA Tester
Disc evaluation device used for quality control checking. Based on our ODU-1000, the device incorporates original expertise and offers excellent cost-performance value. Includes built-in measurement board, so that data can be taken without connection to external measurement equipment. Used as a standard quality control device on disc production lines.
 Special Devices
 From our very beginnings, we have used leading-edge electronic technologies to support our active development of products that solve known problems in various fields. This activity is centralized under our "special devices" initiative. As we move ahead, we shall continue to aggressively explore the possibilities for new special devices, as a means for reaching new customers and for building new foundations for our operations.
Noteworthy ProductsFeaturesApplications
TDS-PH 3D Scanner TDS-PH3D ScannerLight-weight high-performance non-contact scanner developed for contact-type 3D measuring devices. Allows for rapid measurement of complex shapes, where measurement by contact probe is too time consuming.Used for measuring automotive parts, sheet metal, glass, and so on.
NEO-500
Nano Fabrication SystemNEO-500 Nano Fabrication System
Offers rapid nanometer-size etching, in air, of the entire resist film on the substrate (semiconductor wafer, glass, and so on). Turns the substrate as it carries out etching. Developed jointly with the National Institute of Advanced Industrial Science and Technology (Center for Applied Near-Field Optics Research).For processing of optical filters, anti-reflection structures, photonic crystals, nanoimprint molds, and so on.

Returns to Shareholders
 Our policy is to provide a stable dividend in accordance with our business results.
Past Business Results and Dividends
 Please refer to Historical Financial Data.



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