Focus on strengthening earning power and company quality,
increasing revenue and profit
Against the backdrop of the Japanese government's economic and financial policies, overall there were positive signs of a recovery in Japanese economy in the current second quarter, including recent improvements in corporate earnings and consumer spending. Conversely, as concerns the global economy, the future of economies in other countries remains unclear, including the sluggish European markets and Chinese economy.
The Seiren Group has established a medium-term policy promoting "reform into a 21st century company!” Even amidst this changing business environment, however, the Seiren Group is engaged in a medium-term business strategy supported by the two pillars of the "creation of new business" and "global business expansion" in order to continue to meet customer needs and both secure stable revenue and achieve continuous business growth. In addition, the Seiren Group aims to strengthen earning power by optimizing and improving productivity and operating efficiency, and thoroughly reducing costs. The Group is also focused on strengthening company quality, including training the human resources necessary for executing the medium-term business strategy and expanding organizational functions.
Further, in the current second quarter, the Seiren Group has merged Alma Japan Corporation and Seiren Aucus Co., Ltd, and has also made Nagoya Seiren Co., Ltd. a wholly owned subsidiary of Seiren Co., Ltd. in order to strengthen Group management and improve operational efficiency.
As concerns consolidated results for the current second quarter, net sales were 46.757 billion yen (0.9% increase compared with the same period last year), operating income was 2.329 billion yen (1.9% increase compared with the same period last year), ordinary income was 2.622 billion yen (15.0% increase compared with the same period last year), and quarterly net income was 1.483 billion yen (21.4% increase compared with the same period last year).
Tatsuo Kawada, Chairman, President and C.E.O