FY2017First statedAnnual report
「As a result, net sales were ¥11,855 million, up 4.2% from the previous consolidated fiscal year, and operating income was ¥906 million, up 10.2%. Growth moderated due to higher transportation costs caused by labor shortages and price increases resulting from the weaker yen. Net sales were ¥15,462 million, down 2.8%, and operating income was ¥512 million, down 33.7%. In addition to operating rental assets, the sale of real estate held for sale resulted in net sales of ¥256 million, up 26.2%, and operating income of ¥148 million, up 2.1%. As the housing market remained steady, the expansion of opportunities through the Asahikawa branch, which opened in 2015, and orders for large non-residential properties resulted in net sales of ¥755 million, up 20.5%. Expenses increased as the company actively purchased materials in line with the expansion of its business scale and revamped its management structure following the October spin-off, resulting in operating income of ¥43 million, down 49.3%.」
Reports full-year segment results showing higher revenue and profit in wholesale and real estate, lower revenue and profit in retail, and higher revenue but lower profit in scaffolding rental.