May 27, 2013,16:00 +0900(JST) Business Results for Fiscal 2012
On May 10, we released our business results for fiscal 2012. Although our sales increased, our income decreased. Of particular note was income, which even fell short of the forecast revised downwardly in the middle of the fiscal year. In the past five years of the VISION 2012, we aimed for further development.
However, affected by various challenges such as the global financial crisis triggered by the Lehman Brothers' bankruptcy, natural disasters both at home and abroad, and a super-strong yen, our efforts have ended with disappointing results and failed to meet your expectations.
As for the forecast for consolidated results for this fiscal year, we announced that the numerical targets would be sales of 2.4 trillion yen, operating income of 100 billion yen, ordinary income of 120 billion yen, and net income of 60 billion yen. Although the economic climate in Japan is slowly improving, whether we can remain competitive amidst the increasingly intensifying global competition totally depends on our strategies and efforts.
We will first continue our strong commitment to the SEQCDD (Safety, Environment, Quality, Cost, Delivery, and Research & Development) improvement, while acting upon the principle of the three "actuals," that is, examining actual sites, actual products and actual situations, to identify the truth of the situation and solve problems. I am encouraging all our members to strengthen the business structure to better ensure income even if the yen becomes strong again as it was until last year.
On top of this, we will facilitate the development of new technologies and products in order to expand our business domains. By doing so, we would like to promptly present new value to society.
Reflecting on the lessons learned from VISION 2012, all of us must renew our determination and continue to focus on the concept of Banji-nissei (do your sincere best not only in business but also in every aspect of your life.) In this regard, we ask for your continued support and guidance.
Fact Book FY2012 [PDF:339KB]