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IR CEO Message

 We would like to express our sincere gratitude to our shareholders for their patronage.

Additionally, we would like to extend our deep sympathy to those who have been greatly affected by the COVID-19 pandemic and to the healthcare professionals working hard every day to respond to the pandemic.

 

 

 

In the current fiscal year, the Japanese economy found itself in extremely severe conditions due to a sudden economic downturn caused by the spread of COVID-19 and the declaration of the state of emergency. The uncertainty continues as the containment of COVID-19 is still not in sight, with another state of emergency declared in January 2021.

 

Under these conditions, we remained committed to our corporate vision of “Diversity with Brilliance.” Building on our wealth of experience as a jewelry chain pioneer, we have strived to establish a strong business foundation capable of responding to any changes in the business environment through vigorous efforts such as improving the quality of service for customer satisfaction, enhancing capability to develop attractive products that meet customer needs, and increasing gross margins.

 

As a result, the Company posted net sales of 7,545 million yen (down 4.2% year on year), operating income of 817 million yen (up 33.7% year on year), ordinary income of 805 million yen (up 34.5% year on year), and net income of 583 million yen (up 25.6% year on year) for the current fiscal year.

 

We will continue to implement measures for improvement toward stable operating results and revenues through united efforts of the entire company. We would appreciate your understanding and support in this endeavor.

 

June 2021

 

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Vérité Co., Ltd.

CEO

Jhaveri Arpan Kirtikumar