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Consolidated Results for the Fiscal Year Ending March 2010
(April 1,2009 to March 31,2010)
Although the Japanese economy showed some signs of recovery in export volume and other indicators following stimulus measures carried out within Japan and throughout the world together with steady economic growths of China and Southeast Asia among other factors during the fiscal year, it nevertheless continued to see negative effects of struggling capital investments, prolonged deflation and unstable employment conditions.
The food industry in which our group is placed was also impacted by the aforementioned economic circumstances, and was challenged with slowing consumption triggered by thrifty consumer spending and stronger price reduction trends.
Amid such environment, we achieved favorable results through carrying out measures from the medium-term business plan "Innovation and Action 2010", promoting "technological management", engaging in product development fitting the needs of customers, delivering unique high-functionality ingredients, reducing production costs and focusing on "expansion of overseas businesses" and "reconstruction of soy protein businesses" positioned as key issues.
As a result, for the annual term ending March 2010, we achieved net sales of 213,229 million yen (decrease of 10.9% y-o-y), operating income of 17,960 million yen (55.8% y-o-y increase), ordinary income of 17,363 million yen (68.5% y-o-y increase) and net income of 10,726 million yen (43.3% y-o-y increase). |
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