We would like to report on the business performance of the company for the previous financial year (November 1, 2016-October 31, 2017).
Firstly, we would like to report that we have kept the balance in the black for nine consecutive periods.
We recorded the best sales so far at 5.480 billion JPY, a 43% increase from the previous period (+1.642 billion yen), due to the expansion of our operations.
Active investment in capital investment, an increased number of employees, and an increase in the cost of outsourcing resulted in an increase in sales costs, which reached 4.048 billion JPY (1.347 billion JPY more than the previous period, +50%). The gross profit on sales was 1.431 billion yen, achieving an increase of 26% (0.294 billion JPY), with a gross profit margin of 26% (30% in the previous period).
Although labor costs increased due to the improvements we made to personnel training and the welfare system, we are seeing the effect of ongoing cost saving measures and operating profit reached 327 million JPY, 162 million JPY more than the previous period (98% increase), with recurrent profit of 309 million JPY, which was 171 million JPY more (+124%) than the previous period.
Final net profit for the period was 192 million JPY (129 million higher than the previous period, a 205% increase), reaching the highest level so far,
Throughout October 2018 period, based on appropriate strategy we will continue with our capital investment in plant and equipment in order to keep the balance in the black while growing the company by hiring more people and starting new projects.