In a business environment that has remained unpredictable, we produced a large increase in revenue and profit. Working toward “reform into a 21st century company!”
In the second quarter, the Japanese economy showed a gradual trend towards recovery due to demand for restoration from the Great East Japan Earthquake and the effects of the relevant policies; however, the business environment has remained unpredictable, as illustrated by such things as the European debt crisis, decline in the economies of emerging countries, and longstanding rise in the yen.
Seiren Group established a medium-term policy promoting “reform into a 21st century company!” and is working on its medium-term business strategy, the pillars of which are “expansion into new business fields” and “global business expansion,” in order to ensure that it always meet its 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 medium-term business strategy and improvement of our organizational functions along with strengthening our earning capacity through improvement of productivity, improvement and promotion of operational efficiency, and cost reduction. Furthermore, we conducted a merger and business review of our group affiliates to further improve our business efficiency.
In regard to our consolidated business performance in the second quarter, net sales were 46.347 billion yen (13.5% increase compared with the same period last year), operating income was 2.285 billion yen (62.4% increase compared with the same period last year), ordinary income was 2.28 billion yen (49.7% increase compared with the same period last year), and net income was 1.222 billion yen (34.0% increase compared with the same period last year). We will continue to work towards our aim of being a “21st century company” by steadily performing our tasks without relaxing the hand of reform.
Tatsuo Kawada, Chairman, President and C.E.O