Dear Shareholders and Investors,
We thank you sincerely for your continued support of the Sumitomo Riko Group.
Our deepest sympathy goes out to everyone affected by the recent typhoons.
Regarding our results on a consolidated and cumulative basis in the second quarter of the current fiscal year, net sales, affected by the appreciation of the yen, were down compared to the same period in the previous year even though our sales volume increased. Business profit increased year-on-year due to the increase in sales volume as well as cost reductions, but profit for the period decreased due to the increase in income tax expenses resulting from a rise in profit before income taxes and the reorganization of subsidiaries.
Based on other factors as well such as the global economic slowdown and the appreciation of the yen, we have revised our full-year earnings forecast.
With the hope of the continued support and understanding of our shareholders and investors, we wish you all every success and happiness.
Representative Director and President & CEO
