IR

President's Message -Haruya Fujita-

Thank you very much for your special support.

 

The following report is an overview of the Group’s consolidated business during the fiscal year for the 211th term (April 1, 2018 to March 31, 2019).

 

There were concerns that the Japanese economy, which had been on a moderate but long-term recovery track, might enter a recessionary phase due to intensifying trade friction between the United States and China and the accompanying slowdown in the Chinese economy, etc., during this consolidated fiscal year.

 

Against this backdrop, the Company Group has been transforming itself into a market-oriented business focused on the future market, focusing on the pursuit of high-value-added, high-profit business, as well as technological innovation and the creation of new business, under the basic policy “Business transformation to increase earnings” of the medium-term management plan “Advance ’18,” which entered its final year.

 

Consolidated net sales were 157 billion yen (down 2.9% year on year), operating income was 5.64 billion yen (down 18.0% year on year), ordinary income was 6.19 billion yen (down 15.9% year on year), and net income attributable to shareholders of the parent company was 4.64 billion yen (down 4.5% year on year).

 

With regard to the future economic situation in Japan, economic uncertainty is expected to increase, because of the trade friction between the United States and China, the accompanying slowdown in the Chinese economy, and the planned consumption tax hike in October, etc.

 

In this business environment, the Group formulated the “Long-Term Vision 2030,” setting becoming a “Strong corporate group that generates innovation and high profit” as its ideal form in 2030. We started our new medium-term management plan, “Creation’21” which is the first stage of this vision, from April 2019.

 

With “Creation’21” under the basic policy of “Increase earnings and enhance corporate value through innovation,” we will continue the efforts towards the pursuit of high-value-added, high-profit business, the transformation into a market-oriented business, and the creation of new business implemented under the previous medium-term management plan, “Advance’18.” Also, in addition to the perspective of contributing to society, we will strive to establish a high-profit business structure by reforming our business model and creating innovation.

 

In addition, we will continue to enhance our corporate governance system and promote CSR activities, including the thorough observance of corporate ethics and the law, and initiatives for the SDGs (Sustainable Development Goals), with the aim of achieving sustainable growth and increasing corporate value over the medium to long term.

 

We look forward to the continued support and guidance of our shareholders.

 

June 2019

Haruya Fujita
President of Kurabo Industries Ltd.

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