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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 2009, with worldwide economic downturn stemming from financial market in U.S, which led to reduce business investment, and slump in consumer spending, Hikari Tsushin faced severe operating climate as our sales activities are mainly for both corporate and individuals.
In this situation, we strived to increase holding volume linked to recurrent income and sales per capita by expansion of sales network and enhancement of products and services.
On the other hand, the operating cost had increased as we reinforced recruitment activities to expand our business. As a result, we registered net sales of ￥333,663 million (up 6% y/y). Despite the tough market condition, we were able to generate operating profit of ￥21,464 million. However, we posted net loss of ￥1,002 million because of sale of investment securities and a drop in the market price of shares.
Reflecting on these results, Hikari Tsushin Group will continue to improve its corporate value and meet the expectations of all stakeholders.
June 2009
Yasumitsu Shigeta
Representative Director, Chairman and Chief Executive Officer
Takeshi Tamamura
Representative Director, President and Chief Operating Officer