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In October 2011, in Japan, our company's "Business
Plan for the Development and Production of a New Lift Utilizing an IPM Motor" (*2) was approved by the Osaka government as a target "Innovative
Business Plan" under the Act for Facilitating New Business Activities
of Small and Medium-sized Enterprises. Under this system, the Japanese
government provides management and financial support for new and innovative
SME business plans that have applied and have been reviewed and determined
to have potential. In other words, this means that the government considers
Hamada Industry to be a strong company of great potential, both today and
in the future.
*2 What is the "Innovative Business Plan under the Act for Facilitating
New Business Activities of Small and Medium-sized Enterprises"?
This is a system whereby regional governments review and approve the "Innovative
Business Plans" of SMEs that operate new and innovative businesses,
so that the national government can provide support (from the Small and
Medium Enterprise Agency of the national government) in accordance with
the law, with the hope of realizing potential innovations and improvements
in management. In Osaka, about 50 companies apply each month, with just
10% said to gain approval.
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