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To Our Shareholders
Hikari Tsushin Group aims to provide products and services in a range of markets with the lowest marketing cost, maximum speed and highest customer satisfaction. In achieving this aim, we believe that we can make contributions to all our stakeholders and bolster our corporate value.
During fiscal 2010, there were indications that business would partly recover. Especially, for the latter half of the year, export to Asia (mainly to China) had been active, and as a result, the domestic yields partly increased. On the other hand, the future prospects were unclear since severe employment circumstances and the progress of deflation lowered individual consumption. In addition, the Group’s corporate customers being small-medium sized enterprises (SMEs) continued to struggle in a difficult market environment.
In this situation, we met the challenge of expanding its sales networks, and increasing sales per customer by developing and selling new products.
On the other hands, the cost of sales promotion and commission charges for partner has increased. Especially to sell our own products, we have to pay sales partners a lump-sum commission earlier than collecting usage fee from subscribers monthly. As a result, we registered net sales of ¥349,097 million, operating income of ¥3,847 million, net income of ¥755 million.
Reflecting on these results, Hikari Tsushin Group will continue to improve its corporate value and meet the expectations of all stakeholders.
June 2010
Yasumitsu Shigeta
Representative Director, Chairman and Chief Executive Officer
Takeshi Tamamura
Representative Director, President and Chief Operating Officer