IR Info

To our shareholders

Sales, operating profit, and ordinary income have all increased for six consecutive terms.
Operating profit and ordinary income reaching record highs for three consecutive terms.

Against the backdrop of an improvement in corporate earnings and the employment environment, the Japanese economy in the current consolidated fiscal year continued its mild recovery and consumer spending also increased steadily. As regards the global economy, due to issues such as slowing growth in the economies of emerging nations and policy trends in developed countries, the future continues to demand that a close watch be maintained.

Amidst this environment, the Seiren Group announced its medium-term policy promoting “reform into a 21st century company!” Even as the operational environment of the Group continues to change, we are implementing a medium-term business strategy focused on the pillars of “the creation of new business” and “global business expansion” in order to ensure that we always meet the needs of our customers, secure stable revenue, and achieve continuous growth. In addition, we are also working to strengthen our earning capacity and the quality of our company through measures such as the expansion of organizational functions and the development of human resources needed for the execution of strategy, as well as the improvement of productivity, the optimization of business, and the implementation of thorough cost reductions.

In regard to our consolidated business performance in the current consolidated fiscal year, sales were 114.773 billion yen (a 6.2% increase compared to the previous consolidated fiscal year), operating profit was 10.773 billion yen (a 11.7% increase compared to the previous consolidated fiscal year), ordinary income was 10.568 billion yen (a 2.8% increase compared to the previous consolidated fiscal year), and current net income attributable to parent company stockholders was 6.931 billion yen (a 1.3% decrease compared to the previous consolidated fiscal year). Sales, operating profit, and ordinary income have all increased for six consecutive terms, with sales marking a new record high for the first time in 10 terms and operating profit and ordinary income reaching record highs for three consecutive terms. Note that due to temporary tax expenses incurred by our United States subsidiary, Seiren U.S.A. Corporation, in line with revisions to the U.S. tax system among others, current net income attributable to parent company stockholders in the current consolidated fiscal year was pushed down 242 million yen.

June 2018
Chairman and C.E.O. Tatsuo Kawada

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