Dmytro Vasylkov

Chevrolet, colloquially referred to as Chevy and formally the Chevrolet Division of General Motors Company, is an American automobile division of the American manufacturer General Motors (GM). Louis Chevrolet and ousted General Motors founder William C. Durant started the company on November 3, 1911 as the Chevrolet Motor Car Company. Durant used the Chevrolet Motor Car Company to acquire a controlling stake in General Motors with a reverse merger occurring on May 2, 1918, and propelled himself back to the GM presidency. After Durant's second ousting in 1919, Alfred Sloan, with his maxim "a car for every purse and purpose", would pick the Chevrolet brand to become the volume leader in the General Motors family, selling mainstream vehicles to compete with Henry Ford's Model T in 1919 and overtaking Ford as the best-selling car in the United States by 1929 with the Chevrolet Internationa

Chevrolet-branded vehicles are sold in most automotive markets worldwide. In Oceania, Chevrolet is represented by Holden Special Vehicles, having returned to the region in 2018 after a 50-year absence with the launching of the Camaro and Silverado pickup truck (HSV was partially and formerly owned by GM subsidiary Holden, which GM retired in 2021). In 2005, Chevrolet was relaunched in Europe, primarily selling vehicles built by GM Daewoo of South Korea with the tagline "Daewoo has grown up enough to become Chevrolet", a move rooted in General Motors' attempt to build a global brand around Chevrolet. With the reintroduction of Chevrolet to Europe, GM intended Chevrolet to be a mainstream value brand, while GM's traditional European standard-bearers, Opel of Germany and Vauxhall of the United Kingdom, would be moved upmarket. However, GM reversed this move in late 2013, announcing that the brand would be withdrawn from Europe from 2016 onward, with the exception of the Camaro and Corvette. Chevrolet vehicles were to continue to be marketed in the CIS states, including Russia. After General Motors fully acquired GM Daewoo in 2011 to create GM Korea, the last usage of the Daewoo automotive brand was discontinued in its native South Korea and succeeded by Chevrolet.

In North America, Chevrolet produces and sells a wide range of vehicles, from subcompact automobiles to medium-duty commercial trucks. Due to the prominence and name recognition of Chevrolet as one of General Motors' global marques, 'Chevrolet', 'Chevy' or 'Chev' is used at times as a synonym for General Motors or its products, one example being the GM LS1 engine, commonly known by the name or a variant thereof of its progenitor, the Chevrolet small-block engine.

Casio Computer Co., Ltd. is a Japanese multinational electronics manufacturing corporation headquartered in Shibuya, Tokyo, Japan. Its products include calculators, mobile phones, digital cameras, electronic musical instruments, and analogue and digital watches. It was founded in 1946, and in 1957 introduced the world's first entirely electric compact calculator. It was an early digital camera innovator, and during the 1980s and 1990s, the company developed numerous affordable home electronic keyboards for musicians along with introducing the world's first mass-produced digital watches.

Toward a Recovery in Performance in FY2021

In FY2020, the CITIZEN Group was among those significantly affected by the COVID-19 pandemic. In this environment, unprecedented as a crisis for humanity, we faced challenges in continuing to do business while working as a company to prevent infections. But We believe that FY2021 will be pivotal for getting back on a recovery track, and to do so we need to put all our businesses on an offensive footing. In the Watch business, although an end to the COVID-19 pandemic is still uncertain, the market is steadily recovering, and management is prepared to do whatever is necessary to bring about a recovery in performance. The Machine Tools business is seeing a clear recovery in both domestic and international orders, and as one of our core businesses, we expect it to be a significant growth driver. We also expect some positive results from the Devices and Components business following structural reforms and given the trend toward recovery in the automotive market.

CITIZEN’s Sustainable Management Vision

There are many customers who need CITIZEN products, from watches, to machine tools, devices and components, and electronic products, among others. Our vision for sustainable management is to offer value that delights customers while continuing to grow sustainably. This is the value we provide as a company, and something that aligns with our Corporate Philosophy, “Loved by citizens, working for citizens.”

The manufacture of watches involves two major groups of technologies: processing technologies and assembly technologies. Watchmaking also involves many types of craftsmanship. The processing and assembly technologies that go into creating a watch are embedded in the very DNA of the CITIZEN Group, and we consider them our most important asset. Over the years, we have leveraged this DNA in our efforts to develop a variety of businesses. The value of these technologies and craftsmanship is not only reflected in business growth, but also in how much they have contributed to citizens everywhere.

As environmental awareness grows globally and initiatives targeting carbon neutrality advance, there are increasing calls for companies to tie business value to sustainable management. Conventional manufacturing based on the assumption of disposability will no longer be acceptable. I want us to advance manufacturing that incorporates not only technical evolution, but also ideas for how to continue to use and maintain products.

Toward “Loved by citizens, working for citizens”

Over the past few years, the CITIZEN Group has worked on selection and concentration of products and businesses, and carried out structural reforms, but from FY2021, we will change course to focus on future growth. We will shift to the offensive across all businesses and thereby secure growth and profit.

By working continuously to benefit stakeholders we will raise our corporate value as we accelerate our evolution toward fulfilling our Corporate Philosophy, “Loved by citizens, working for citizens.”

Officine Panerai is an Italian luxury watch manufacturer, and a wholly owned subsidiary of Compagnie Financière Richemont S.A.

Officine Panerai designs, manufactures and markets watches through authorized dealers and company-owned stores worldwide. Giovanni Panerai (1825–1897) founded Officine Panerai in Florence, Italy in 1860.

The company is headquartered in Geneva and manufactures watches in Neuchâtel, Switzerland using movements manufactured in-house.

Panerai watches, designed and manufactured by Rolex SA, were worn by the frogmen of the Decima Flottiglia MAS in their operations during World War II. Notable products include the Luminor and Radiomir wristwatches.

Patek Philippe SA is a Swiss luxury watch and clock manufacturer founded in 1839, which is located in the Canton of Geneva and the Vallée de Joux. Since 1932, it has been owned by the Stern family in Switzerland and remains the last family-owned independent watch manufacturer in Geneva. Patek Philippe is one of the oldest watch manufacturers in the world with an uninterrupted watchmaking history since its founding. It designs and manufactures timepieces as well as movements, including some of the most complicated mechanical watches. The company maintains over 400 retail locations globally and over a dozen distribution centers across Asia, Europe, North America, and Oceania. In 2001, it opened the Patek Philippe Museum in Geneva.

Patek Philippe is widely considered to be one of the most prestigious watch manufacturers in the world. Over the years, notable Patek Philippe patrons and timepiece owners include Queen Victoria, Queen Elizabeth II, Princess Diana, Pope Pius IX, Marie Curie, Albert Einstein, John F. Kennedy, Nelson Mandela, Pablo Picasso, Pyotr Tchaikovsky, and Leo Tolstoy. As of December 2020, among the world's top ten most expensive watches ever sold at auctions, eight are Patek Philippe watches. In particular, Patek Philippe Grandmaster Chime Ref. 6300A-010 currently holds the title of the most expensive watch (and wristwatch) ever sold at auction (US$31.19 million/31 million CHF), while Patek Philippe Henry Graves Supercomplication, the world's most complicated mechanical watch until 1989, currently holds the title of the most expensive pocket watch ever sold at auction

Seiko Holdings Corporation, commonly known as Seiko, is a Japanese maker of watches, clocks, electronic devices, semiconductors, jewelries, and optical products. Founded in 1881, it is known for introducing one of the world's first quartz wrist watches as well as the world's first quartz watch with a chronograph complication.

Zenith SA is a Swiss luxury watchmaker. The company was started in 1865 by Georges Favre-Jacot at the age of 22, in Le Locle in the canton of Neuchâtel. Zenith was purchased by LVMH in November 1999, becoming one of several brands in its watch and jewellery division which includes TAG Heuer and Hublot. Julien Tornare is the current CEO after Jean-Claude Biver (Interim CEO) in 2017, replacing CEO Aldo Magada, who had replaced Jean-Frédéric Dufour in 2014. Zenith is one of the Swiss watch manufacturers that still produce their own movements themselves.

Ice-Watch

Japanese watch manufacturer. The company, founded in TokyoTokyo in 1950 by Shogoro Yoshida, traces its history back to 1901, the time when its founder entered the watch business. In the middle of the 20th century, it was one of the big three Japanese watch manufacturers (along with Citizen and Seiko), however, unlike its competitors, it did not switch to mass production of quartz watches in the 1970s, concentrating on improving mechanical

Timex Group USA, Inc. is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA.

Thomas Olsen purchased the Waterbury Clock Company in New York in 1941 and renamed it Timex, inspired by the names of Time magazine and Kleenex.