daido steel co ltd annual report 2005 year ended march 31 primed for the future profile is one of world s largest manufacturers specialty distinguishing company operations a long standing dedication to three fundamental principles maximizing employees capabilities and job satisfaction pursuing latest advances in technology taking on challenge pioneering new technologies businesses as global supplier has prominent position not only its core automotive business but also markets used aircraft industrial machinery electron ics other products backed by sophisticated many rank first their respective market categories worldwide shares are traded section tokyo stock exchange under securities code 5471 contents 1 financial highlights 2 our shareholders 3 president discusses strategies goals 6 at glance 8 10 parts automobile & equipment 12 electronics 13 engineering 14 materials 15 research development activities 17 corporate governance 18 environmental responsibility 20 board directors 21