About our current mid-term performance and its factor
Consolidated results of the mid-term of the fiscal year ended at September 30, 2018 (April 1, 2018 to September 30, 2018) showed increased sales and increased profits breakdown as follows: Sales: 59.145 billion yen (3.5% increase compared to the same term in the previous fiscal year), Operating profits: 1.943 billion yen (19.7% increase compared to the same term in the previous fiscal year), Ordinary income: 1.923 billion yen (11.2% increase compared to the same term in the previous fiscal year), Net income attributable to owners of parent: 1.195 billion yen (11.2% increase compared to the same term in the previous fiscal year).
Our continued efforts in upholding the group policy of "securing sales, increasing gross profit, inventory control and cost control" have led to favorable results for this term. This is the result of dealing with profit creation through pursuing the reformation of the development and organization of human resources, along with pursuing profit-oriented increased production.
With regard to Autobacs and car-related businesses, demand for dashboard cameras increased due to increased awareness for safe driving. In addition, we expanded vehicle products centered on tires and rims and promoted total car life support of customers through vehicle inspection and vehicle sale. Through these actions we continue to emphasize the importance of customer service. However, there was a reactionary drop in the main product tire sales due to last-minute demand in the same term in the previous fiscal year, resulting in little gain in sales expansion.
With regard to our food and restaurant businesses, Gyomu Super and Terabayashi, which sells meat, fared well thanks to their focus on offering quality foods at reasonable prices. In addition, passionate quality food business also fared favorably by developing highly value added carefully selected products and materials. With regard to "Gyomu Super" and "Terabayashi" stores, we opened a store in Saitama Prefecture (Urawa Kagetsu store) and opened two stores (Kitamoto store and Kawagoe store) by transference.
With regard to other businesses, the agricultural product sales method in the Agricultural Business has been changed from "purchase and sell" to consignment sale. With regard to opening stores, we opened a BAKE cream puff specialty store, "Croquantchou ZakuZaku," in Osaka (LUCUA Osaka store); a BAKE cheese tart specialty store, "Bake Cheese Tart," in Gunma Prefecture (Aeon Mall Takasaki store); a health exercise classroom, "Curves," in Kanagawa Prefecture (Miura Kaigan Ekimae store); and opened two steak chain stores, "Ikinari Steak," in Hyogo Prefecture (Gakuen Minami store and Miki store).