IR CEO Message
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We would like to express our sincere gratitude to our shareholders for your patronage.
In the course of the current fiscal year, the Japanese economy has continued to gradually recover as the normalization of socioeconomic activities has progressed following the lifting of COVID-19-related restrictions as a result of its reclassification. On the other hand, great attention must still be paid to the impact on the domestic economy of factors like the continued high prices of resources, energy, and raw materials worldwide, global monetary tightening aimed at curbing high inflation, the weak yen, and rising prices.
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 sales for this fiscal year amounted to 7,639 million yen (up 0.3% from the previous fiscal year), operating profit to 855 million yen (down 8.2% from the previous fiscal year), ordinary profit to 835 million yen (down 9.1% from the previous fiscal year), and net profit to 502 million yen (down 8.0% from 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 2024 |
Vérité Co., Ltd. CEO Jhaveri Arpan Kirtikumar |
