annual report 2002 c2 contents kayaba s strengths 1 a message from the president 2 financial highlights 3 review of operations and strategies 4 hydraulic products systems 6 research & development 8 board directors corporate auditors 10 section 11 major subsidiaries affiliates 32 data 33 spirit creativity vitality harmony guiding principles develop originality for innovation build culture overflowing with live in people society environment not just top japanese manufacturer equipment industry co ltd is largest manu facturer shock absorbers japan company has suc cessfully combined its expertise hydraulics mechatronics electronics pneumatics to produce broad range charac terized by unrivaled reliability durability addition being widely incorporated into automobiles motorcycles construction machin ery forklifts buildings ships are used such sophisticated applications as landing gear flight control aircraft new sus pension shinkansen bullet train also leading supplier
