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Furusato group consistently takes actions to our customers’ “immediate needs” based on our code of conducts that Furusato provides customers anything they need, in the amounts, in the timing, and to the place as requested.
Consequently, consolidated net sales for the year ended March 31, 2010 totaled \53,776 million, down 35.3% year over year. On the earnings front, operating loss totaled \780 million, and ordinary loss was \520 million. Consequently, net loss was \1,407 million due to recording extraordinary losses including amortization of goodwill of \854 million.
We assume that the business environment in which Furusato Group operates will remain severe for fiscal 2010, ending March 31, 2011. Under these circumstances, we all will strive to take appropriate actions in response to the change of market conditions and achieve our target.
We want to thank all of our shareholders and investors for your continued support.
Ryohei Furusato
President and Representative Director
