FY2019-Q1First statedAnnual report
「As a result, wholesale net sales were ¥2,888 million, down 2.1% year on year, and operating profit was ¥232 million, down 5.4%. Retail net sales were ¥4,417 million, down 15.4%, and operating profit was ¥237 million, up 254.6%. The company plans to rebuild an existing leased building this fiscal year, and the impact of changes in useful life following the demolition of the existing building resulted in net sales of ¥57 million, down 2.3%, and operating profit of ¥34 million, down 32.5%. The company acquired the shares of テクノ興国 and made it a subsidiary in March of this year, resulting in net sales of ¥266 million, up 23.1%, and operating profit of ¥0 million, versus an operating loss of ¥18 million in the same quarter of the previous year. The company acquired the shares of 東洋ガラス工業㈱ and made it a subsidiary in January of this year, resulting in net sales of ¥297 million and operating profit of ¥10 million.」
Wholesale revenue and profit declined, retail revenue declined but profit increased sharply, real estate revenue and profit declined, and scaffolding rental revenue increased, with operating profit improving from an operating loss to ¥0 million. Sash and glass installation generated net sales of ¥297 million and operating profit of ¥10 million.