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IR CEO Message

We sincerely appreciate the continued kind attention of all shareholders.

 

We extend greetings to the shareholders here before providing an overview of the 74th term (from April 1, 2017, to March 31, 2018).

 

For the current fiscal year, the Japanese economy enjoyed a recovery trend in consumer spending arising from an improvement in employment and the income environment and a rise in equity prices. However, the outlook for the Japanese economy remains unclear because of uncertainties about the overseas economy caused by geopolitical risks and the trend in the policy of the United States and Europe and the effect of fluctuations in the financial and capital markets.

 

Under such economic conditions, the Company has conducted business with the aim of enhancing the ability to respond to changes in the times and the environment by upholding the corporate vision of “Diversity with Brilliance.”

 

With regard to the management of stores, the Company has satisfied the diversified requests of customers by strengthening the dispatch of information through SNS, Facebook in particular, redecorating existing stores, holding local exhibitions sponsored by stores, joining various external events, and operating the shop in shop “Velicia” with the major GMS.

 

With regard to profit and loss, the Company has strived to improve operating income or loss by cutting costs through reviews of purchase routes, conducting expense reductions, and downsizing the headquarters department in particular.

 

As a result, the Company recorded sales of 8,449 million yen (down by 1.0% vs previous fiscal year), operating income of 560 million yen (up by 90.9% vs previous fiscal year), ordinary income of 587 million yen (up by 111.5% vs previous fiscal year), and net income of 589 million yen (up by 126.1% vs previous fiscal year) for the current fiscal year

 

In relation to the change in the Company’s dividend policy, which is applied from the fiscal year ending March 2019, as in the Notice on the Change in the Dividend Policy disclosed by the Company on May 14, 2018, the Company expects that it will pay dividends of 32 yen per share in total for the fiscal year ending March 2019 with 16 yen per share at the end of the first quarter and the third quarter of the 75th term (from April 1, 2018, to March 31, 2019) respectively.

 

The Company will strive to develop its business on a company-wide basis to continuously promote reform measures for stable business results and earnings. We ask for your understanding and support again.

 

June 2018

 

株式会社ベリテ 代表取締役社長CEO ジャベリ・アルパン・キルティクマール

 

Vérité Co., Ltd.

CEO

Jhaveri Arpan Kirtikumar