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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.
Consolidated net sales for the year ended March 31, 2011 totaled \64,454 million, up 19.9% year over year, led by a gradual recovery in business environment. On the earnings front, operating income totaled \767 million, and ordinary income was \1,074 million. Consequently, net income was \569 million due to recording extraordinary losses including loss on disaster.
We assume that the business environment in which Furusato Group operates will remain severe for fiscal 2011, ending March 31, 2012. 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
