On behalf of everyone at Meiden Group, I would like to
extend my sincere gratitude to our shareholders for their enduring support.
I would like to review our business performance for the 152nd business term (April 1, 2015 - March 31, 2016).
In the fiscal year under review, the Japanese economy continued on a gradual recovery, supported by steady corporate earnings, capital investment, and employment, although the impact of slowing emerging economies was seen in exports and production. The global economic outlook, however, is expected to remain uncertain due to factors such as falling crude oil prices, slowdown of the Chinese economy, and the interest rate increase in the U.S.
In this operating environment, the Meiden Group steadily implemented the measures under the Medium-term Management Plan V120, launched this fiscal year, and strived to further expand its corporate value by achieving both “Strengthening the earnings base of the Group’s domestic business” and “Expansion of overseas business growth.”
As a result, consolidated net sales in the fiscal year ended March 31, 2016 increased 3.1% over the previous fiscal year to ¥237,404 million. Operating income rose 5.2% to ¥10,517 million, ordinary income rose 0.9% to ¥10.595 million, and net income attributable to owners of the parent increased 1.4% to ¥6,962 million.
Going into the second year of V120, the Meiden Group aims to further enhance its corporate value by pursing both strengthening of the earnings base of its domestic business and growth and expansion of the overseas business by focusing on enhancing product competitiveness of core heavy electrical machines.
We would like to thank shareholders again for your continued support.