The ALSOK Group will continuously strive to make substantial contributions in securing public safety.
First of all, I would like to take this opportunity to sincerely thank
you all for your patronage.
The Japanese economy during the first six months of the fiscal year ending March 31, 2012, continued to be in opaque condition due to the influence of an accident at Fukushima Daiichi Nuclear Power Station and the slowdown of international economy by the procedure of appreciating yen with stagnant American economy and European currency crisis. There were, however an upswing from the stagnation of domestic production and consumption by the influence of Great East Japan Earth Quake.
Amidst such economic circumstances, the ALSOK Group has continued to strive in expanding its business in response to the ever diversifying and sophisticated needs of society by providing products and services of high quality primarily within the security business. Also, we have actively worked on cost reduction by efficiency improvement and rationalization of business as well as focusing on human resources development. Moreover, we continuously worked on the retrieval and recovery support for the suffered areas.
In terms of sales for security business, equipment sales of home security allied with major house maker in our core Electronic Security Services and reception of an order of Total ATM Management business from megabank in our Transportation Security Services. In terms of sales for Total Building Management System, Disaster Prevention Services, besides the sales of emergency supplies being firm, and Japan Facilio Co., LTD. being consolidated subsidiary contributed to overall sales.
As a result, net sales for the first six months of the fiscal year under review were 147,569 million yen, up 6.8% year on year.
In terms of securing profits, there was an influence with the increase of work overtime accompanied by establishment of support system for suffered areas. Consequently, Operating Profit was 6,336 million yen, down 7.3% from the corresponding period of the previous Fiscal Year, Recurring Profit was 7,208 million yen, down 5.8% from a year earlier, and Net Income for the second quarter was 2,890 million yen, down 18.5%.
We, as a group, will continue to adhere to our management policy of providing security services of the first rank, which has guided us since the inception of the group, and exert efforts in enhancing business performance by providing products and services that meet clients` diverse needs.
We would greatly appreciate your continued support.
December 2011
President, CEO
