Revenue and profits are both up, and current period net income is the highest ever.
The Japanese economy recorded a mild upswing in the current consolidated fiscal year, with visible improvement in corporate earnings thanks to governmental economic policies and other factors. Conversely, consumer confidence faltered in the wake of the consumption tax hike, and there is still no sign of recovery in consumer spending. Internationally, the U.S. economy continued to move strongly, but the direction of the global economy as a whole remains uncertain, with sluggish European markets and decelerating growth in China and other emerging economies.
In line with its medium-term policy promoting “reform into a 21st century company!”, the Seiren Group is currently working on a medium-term business strategy centered on the “creation of new business” and “global business expansion,” in order to ensure that we always meet our customers’ needs, to secure stable revenue, and to achieve continuous growth even in a continuously changing business environment. Additionally, we are promoting enhancement of our corporate culture through such things as development of the human resources required to implement our strategy and improvement of our organizational functions, along with strengthening our earning capacity through improvement of productivity, enhancement and promotion of operational efficiency, and cost reduction across the board.
In regard to our consolidated business performance in the current period, net sales were 103.766 billion yen (5.9% increase compared with the previous period), operating income was 6.566 billion yen (12.3% increase), ordinary income was 7.329 billion yen (14.4% increase), and net income was 4.898 billion yen (16.5% increase).
Chairman and C.E.O. Tatsuo Kawada