Transcend's Japanese office, located in Tokyo, has seen its sales revenue grow for years. Together with the rapid growth of the consumer product market, our Tokyo office has been taking care of the strong demand that comes from West Japan. As a result of that, we decided to set up a new office in Osaka this April, which will provide direct support to our major customers in that area. Transcend's new office is located in downtown Osaka, the center of the business district. The Osaka office will work as a satellite of the Tokyo head office, and its sales target for the first year will be USD 10 million.
Osaka, the second metropolitan city in Japan following Tokyo, is a quite active merchant town, which covers most of west Japan. By establishing the Osaka office, we could develop a strong relationship with retailers based in the West Japan area, and other local customers.
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