IR CEO Message
|
We would like to express our sincere gratitude to our shareholders for your patronage.
In the course of the current fiscal year, while Japan's economy normalized once again as Covid-related restrictions were lifted, the international situation has become unstable due to the protracting of Russia's invasion of Ukraine. Additionally, the future outlook remains extremely uncertain as concerns persist about the continuing depreciation of the yen, the soaring prices of raw materials and the impact of price hikes on consumer spending.
Under these operating conditions, we remain committed to our corporate vision of “Diversity with Brilliance.” Building on our strong track record as a jewelry chain pioneer, we have been striving to establish a robust business foundation capable of adapting to any changes in the business environment through such efforts as further enhancing the quality of our services for customer satisfaction, strengthening our ability to develop attractive products that meet customer needs, and increasing gross margins.
As a result of our efforts, the Company posted sales for the current fiscal year amounted to 7,617 million yen (a 4.8% year-on-year increase), operating income to 932 million yen (a 20.2% year-on-year increase), ordinary income to 919 million yen (a 13.9% year-on-year increase) and net income to 545 million yen (a 17.6% year-on-year increase).
Moving forward, we will continue to implement improvement measures and work together as one to develop our business with an eye to stabilizing business performance and profits, and I would like to once again express my gratitude in advance for your continued understanding and support.
June 2023 |
Vérité Co., Ltd. CEO Jhaveri Arpan Kirtikumar |
