As we have settled the accounts for our 76th fiscal year (from April 1, 2013 through March 31, 2014), we would like to report to you as follows:
■ Business results for the fiscal year
During the fiscal year under review, aggressive economic policy under the administration of Prime Minister Abe brought about improvement in the employment situation, greater consumer spending and gradual recovery overall.
Against this backdrop, net sales totaled 116,756 million yen on a consolidated basis, a 23.9% increase year on year. This was mainly due to a positive impact from foreign currency conversion and increased production among clients.
Regarding income, higher revenues resulted in operating income of 1,480 million yen (operating loss of 383 million yen in the previous fiscal year), ordinary income of 1,632 million yen (ordinary loss of 461 million yen in the previous fiscal year), and net income of 1,052 million yen (net loss of 3,612 million yen in the previous fiscal year).
■ Forecast for the next fiscal year
In terms of the full-year forecast for the 77th fiscal year, we expect net sales to increase by 6.2% year on year to 124,000 million yen as a result of ongoing healthy production in North America as well as new orders. In terms of profit, we anticipate operating income of 3,500 million yen, ordinary income of 3,300 million yen, and net income of 1,800 million yen as a result of improved earnings and revenue growth in North America.
The Company views the provision of appropriate profit returns to shareholders while securing internal reserves as required for future business prospects and strengthening the business structure to be an important management issue. Our basic policy is to work to improve profitability while continuing to provide stable dividends determined based on a comprehensive assessment of factors such as business performance and the dividend payout ratio. Accordingly, and as one means of enhancing returns to our shareholders, we will provide a year-end dividend for the fiscal year of 5 yen per share. Combined with our interim dividend of 4.5 yen per share, dividends for the full year amount to 9.5 yen per share, an increase of 2 yen in comparison to the 7.5 yen per share paid out in the previous fiscal year.