FY2023-Q3First statedAnnual report
「As a result, net sales were ¥8.802 billion (down 0.5% year on year) and operating income was ¥788 million (up 5.7%). As a result, net sales were ¥17.089 billion (up 3.1%) and operating income was ¥1.387 billion (up 1.8%). The company focused on appropriate management and efficient operation of its rental assets, resulting in net sales of ¥330 million (up 18.4%) and operating income of ¥201 million (up 0.5%). The company worked to improve productivity through more efficient operations and reduce expenses, but with expenses ahead of revenue due to the acceptance of foreign technical interns, net sales were ¥588 million (down 4.3%) and operating income was ¥53 million (down 21.9%). The company worked to improve operational efficiency by thoroughly applying the fundamentals of design, supervision and construction at worksites, but temporary expenses related to renovation of the head office also resulted in net sales of ¥889 million (down 1.9%) and operating income of ¥17 million (down 51.1%).」
Wholesale posted lower revenue but higher profit, retail and real estate posted higher revenue and profit, scaffolding rental posted lower revenue and profit due to expenses ahead of revenue from accepting foreign technical interns, and sash and glass installation posted lower revenue and profit due to the impact of temporary expenses related to head-office renovation.