Launched as a wholly-owned subsidiary of Forval Corporation in April 1995, Forval Telecom went public on the Mothers Section of the Tokyo Stock Exchange (TSE) in November 2000. Its listing was transferred to the TSE's Second Section in August 2014. This is now the 23nd year we've been in business and I would like to take a moment to thank you for the continued support you have given us over the last couple of decades.
Forval Telecom has worked to expand its operations from international phone call discount services to include long-distance and local calling as well as fiber-optic broadband, and IP telephone services. Our mission is to deliver the benefits of the deregulated telecommunications market to small and mid-sized companies. After adding document solutions and consulting services to our business lineup, we are now moving ahead with an eye to helping corporate customers across a wide range of fields expand their operations.
We harnessed the expertise we gained in the corporate market to make new inroads into the consumer market and today provide ISP, fiber-optic broadband, and related services to over 100,000 households.
Now we are leveraging the information systems we have developed for our own customer management, fee calculations, billing and collections, etc. to provide business outsourcing solutions to companies across a broad range of industries. In fiscal 2016 more than 50 corporate clients used our services and we are currently working to upgrade systems with an eye to meeting even more needs.
As always, we will set the standard as we stay ahead of the curve in telecommunications, document solutions, and consulting services. That's how we help make your business and lifeline infrastructure more cost effective while continuing to make a difference in the world.
In fiscal 2015 Forval Telecom became a "Company with Audit and Supervisory Committee" (as defined in the Japanese Companies Act) and we are continually doing our best to build the most effective corporate governance system possible as we pave the way toward further growth.
We look forward to giving you the opportunity to leverage the strength of the Forval Group. Let us help you make the most of the outstanding services we offer and take your company to new heights.