Message to Shareholders and Investors
Thank you for taking the time to visit our website.
We wish to hereby announce our performance for the 159th term (the period spanning from April 1, 2019 to March 31, 2020).
In the current fiscal year, the Japanese economy is uncertain, with exports declining due to the slowdown of overseas economies centered on the chinese economy, while personal consumption and capital investment will decline due to the effects of natural disasters and the consumption tax rate increase. In addition, since the beginning of this year, due to the spread of the new coronavirus spread worldwide, there is a growing concern over the economic slowdown, such as a decrease in inbound and a sharp drop in domestic consumption.
Amid this climate, we are pursuing revising our prices, expanding sales routes and cost reductions and working together as a company to ensure profitability.
As a result, amounts of sales reached 18.528B JPY (1.2% YOY increased). Operating income reached 1.854B JPY (58.6% YOY increase) and ordinary profit reached 2.016B JPY (48.1% YOY increased) because of the raw material cost decrease and increased sales of new products. In terms of net income, we saw a increase owed to stock sales gains and losses from equipment removal cost. The total was 1.568B JPY in net income (63.2% YOY increase).
Our forecast for the next term is amounts of sales of 19.5B JPY, operating income of 1.5B JPY, ordinary profit of 1.6B JPY and net income of 1.7B JPY.
Thank you for visiting our website and we ask for your continued support and encouragement going forward.
June 2020
President
