Over the long term we have developed strong ties with our regular production partner companies, which has enabled us to provide customers with high quality products and reliable delivery scheduling. We are now increasing procurement on a global basis through our network of overseas companies. In Japan, in order to ensure continuation of our Win-Win relationships, we provide opportunities to share our thoughts and experience in business matters with suppliers, and help them develop their next generation of managers. In 2015, we worked together with production partner companies at the following events:
We have always worked well with our suppliers in both good and bad economic times. We firmly believe it is because of the trustful relationships with them and their flexible responses to the sudden demand fluctuations that we could increase our market share, even in the rapid recovery phases often seen in the semiconductor market.
HORIBA holds factory tours for members of suppliers to learn about HORIBA products and see firsthand how the materials delivered by their companies were used at HORIBA factories and what roles they played in HORIBA's manufacturing process. In this way, we share the high level of HORIBA products' quality requirements with suppliers.
Each year, we hold the Technical Olympics in which members from the HORIBA Group and our production partners compete with one another. This event allows group company members to develop world-class professional skills and awareness as well as to raise their skill levels through mutual competition with suppliers.