New Year Message for 2018 from the CEO
At the start of this new year, I would like to share with you what the SIOS Group is striving to achieve in 2018.
2017 marked the 20th anniversary of the SIOS Group. As we celebrated the anniversary in October 2017, the Group reorganized itself into a new structure in which SIOS Corporation serves as a holding company for all subsidiaries. The objectives of the reorganization are threefold:
- 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 more timely business decisions to accelerate growth
- Aggressively pursue merger and acquisition opportunities
In 2018, we will vigorously implement these initiatives so as to lay solid groundwork for further growth of the Group.
The SIOS Group has a new mission statement, which was announced in 2017:
“Making the impossible possible for the people of the world.”
This mission statement represents the SIOS Group’s commitment to pursuing innovative solutions to resolve issues affecting people and to contribute to a better society.
The better society that we envision is characterized by a creative environment, a fulfilling life, and a sustainable and connected society. To help achieve such a society, we will continue to make our existing businesses more robust and step up our efforts to enter new business ventures.
More specifically, we will aggressively invest in increasing our presence in the cloud solutions arena, which has been showing substantial growth as more and more corporations have been migrating their enterprise information systems into cloud environments. In addition, we will redouble our efforts to accelerate our business in the emerging Fintech sector, in which Profit Cube Inc. (hereinafter referred to as PCI), a SIOS Group company, plays a key role in gaining a foothold.
On December 22, 2017, SIOS Corporation announced a downward revision to its consolidated earnings forecast for the fiscal year ending December 31, 2017. This was primarily because an impairment loss was projected on assets related to PCI, whose business performance for the year fell short of an earlier forecast due to slower-than-expected sales of its applications products to financial institutions. Nevertheless, we would like to assure our shareholders and business partners that our commitment to establishing a solid business foundation in the Fintech sector remains unflinching, as PCI is anticipated to return to growth in the long term with releases of exciting new products and by working more closely with other Group companies in its endeavor.
We have defined technology, people, and culture as the three driving forces behind our mission. In technology, we will continue to place a high priority on developing solutions for Fintech and cloud infrastructures and services and will invest more aggressively in research and development for AI to make it one of the SIOS Group’s core technologies. Furthermore, we will continue to invest in human resources that set us apart in the industry, and we will value our people and culture so that they remain confident that they can reach their full potential at work.
Drawing upon our 20 years of experience and track record in driving innovation in the IT industry, the SIOS Group has entered a new phase of growth in 2018. We are committed to meeting your expectations as we go forward.
Chief Executive Officer