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Full Year 2019 Tosei Corp Earnings Call Transcript
This is Hirano, Director and CFO of Tosei Corporation. Let me express our gratitude for the large audience today taking time out of your busy schedule.
First, I would like to explain our financial results of the fiscal year ended November 2019. Please turn to Page 5 of the presentation material. This page shows our performance from revenue to profits over the past 3 years. The top left is revenue, which was a slight drop of 1.3% versus the previous fiscal year.
On the other hand, the profits, including operating profit and profit before tax, steadily grew year-on-year where profit before tax, shown on the top right, posted JPY 12 billion, an increase of 18.9% versus the previous fiscal year. We have finished the second year under the current 3-year midterm plan, in which our target profit before tax in the final year was initially JPY 12 billion. Thus, we were able to achieve the target 1 year in advance.
The segment operating profit is shown in the center at the bottom. The
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