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Ikuo Higashi, President, Honyaku Center Inc.

Ikuo Higashi, President
Honyaku Center Inc.

For the third quarter of fiscal 2017 (year ended March 2018), Honyaku Center Group posted net sales of 7.645 billion yen (down 1.3% year-on-year), operating income of 516 million yen (down 9.4% year-on-year), ordinary income of 521 million yen (down 10.5% year-on-year), and net income attributable to the parent company's shareholders of 364 million yen (up 0.5% year-on-year). Sales and profit were negatively affected by the rebound from sales that the Convention Business had posted from large-scale conventions in the previous fiscal year. However, the Group's core Translation Business grew steadily, and the Temporary Staffing and Interpretation businesses continued to perform well, resulting in an increase in net income at the end of the third quarter.

Business Results Forecast for Fiscal Year 2017

For fiscal 2017 (year ending in March 2018), the Group projects record-high numbers in sales and profitability, with net sales of 10.6 billion yen (up 3.7%), operating income of 780 million yen (up 11.8%), ordinary income of 780 million yen (up 11.5%), and net income attributable to the parent company's shareholders of 530 million yen (up 19.2%).

Third Mid-term Management Plan (for Fiscal Years 2015 to 2017)

Under the Third Mid-term Management Plan, with the fiscal year ending March 2018 as the final year, the Group is implementing its strategy to expand market share while specialize each business field to meet diverse and highly advanced customer needs.

We aim to achieve a consolidated operating income margin of 8% by increasing sales and improving profitability, and an ROE of 10% or more by enhancing capital efficiency in the medium to long term.

February 2018
Ikuo Higashi, President