To Our Shareholders

We would like to take this opportunity to express our gratitude for continuous support from our shareholders and investors.

The second quarter of the consolidated fiscal year of 2011 from April to September has ended, and I would like to report our operation results.

 

Business environment in this period

The global economy in this quarter continued solid growth, spurred by the strong economic growth of emerging countries, centered in Asia. Japan’s economy has shown visible signs of recovery. For example, production activities that had been significantly decreased due to the Great East Japan Earthquake have nearly regained to pre-quake levels, and supply chains have undergone reconstruction.

 

Our achievement in this period

Under these circumstances, the value of construction orders received in this period totaled 89.6 billion yen, an increase of 20.2 billion yen over the same period of the previous year. The value of completed work totaled 92.6 billion yen, an increase of 46.3 billion yen over the same period of the previous year. This is thanks to an increase of orders received, and the increased value of carry-over constructions from the previous period, compared to the same quarter of the previous year.

In regard to profits, operating profit totaled 5.4 billion yen, an increase of 5.8 billion yen over the same period of the previous year. Ordinary profit totaled 5.8 billion yen, an increase of 5.8 billion yen over the same period of the previous year. Finally, net income totaled 3 billion yen, an increase of 3.1 billion yen over the same period of the previous year, thanks to the increase of 46.3 billion yen in the value of completed work over the same period of the previous year.

 

Dividends and acquisition of treasury stock

We have decided that quarterly dividends of this period are 15 yen per share. We plan that year-end dividends and annual dividends will be 15 yen and 30 yen per share, respectively.
The company acquired 300,000 of our common shares in August 2011, in order to flexibly fulfill our financial policy, in response to the changes of the management environment. 

 

Business policy

Our company has been working on various measures, based on our mid-term business plan, and including aggressive overseas business expansion and development. We plan to further promote these measures, and to increase the number of orders received both in Japan and abroad, and to improve our earning capacity by implementing cost reduction measures.

 

With our core environmental technologies for ‘Energy, Air, and Water’, we will make the utmost effort to enhance corporate value and achieve our management goals, through the expansion of business areas on a global scale.

 

We would like to ask for your further support and patronage in the future.