IR CEO Message
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We would like to express our sincere gratitude to our shareholders for the continued support and consideration.
During the current fiscal year, the Japanese economy has been on a gradual upward trend supported by a recovery in personal consumption, the recovery of human flow due to the normalization of economic activity, the expansion of inbound demand due to the increase in foreign visitors to Japan, and the continued trend of wage increases. During the period under review, corporate earnings improved and the employment and income situation has improved moderately. Private consumption continued to show a gradual upward trend, despite the impact of rising prices. With nominal wages expected to rise further and employee income also expected to continue to grow, we expect private consumption to continue to increase moderately. In this economic climate, we believe that the jewelry retail market will expand against the backdrop of favorable economic conditions, wage increase and increased inbound consumption. Under such business circumstances, faithful to our corporate vision of "Diversity with Brilliance" and relying on our extensive track record as a pioneer in the jewelry chain, we have tried to build a solid business foundation that allows us to flexibly respond to any external changes by proactively working to improve our high-quality customer service techniques to satisfy customers, by strengthening our ability to develop attractive products that meet customer needs, and by improving gross profit margins. As a result, the company recorded sales of 7,947 M JPY (increase of 4.0% vs. the previous fiscal year), operating profit of 875 M JPY (increase of 2.4% vs. the previous fiscal year), ordinary profit of 919 M JPY (increase of 10.1% vs. the previous fiscal year) and net profit of 569 M JPY (increase of 13.4% vs. the previous fiscal year).
As we continue to implement corrective measures in earnest and work together as a company to develop our business in order to stabilize our performance and profits, I hope we will be able to count on your continued understanding and support in the future.
June 2025
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Vérité Co., Ltd. CEO Jhaveri Arpan Kirtikumar |
