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Ikuo Higashi, President, Honyaku Center Inc.

Ikuo Higashi, President
Honyaku Center Inc.

For the second quarter of fiscal 2017 (year ended March 2018), Honyaku Center Group posted net sales of 4.903 billion yen (down 1.3% year-on-year), operating income of 281 million yen (down 17.5% year-on-year), ordinary income of 283 million yen (down 20.0% year-on-year), and net income attributable to the parent company's shareholders of 203 million yen (down 10.1% year-on-year). The main reason for the decreases in net sales and profitability is the rebound from sales that the Convention Business had posted from large-scale conventions in the previous fiscal year. Meanwhile, the Group's core Translation Business grew steadily, and the Temporary Staffing and Interpretation businesses continued to perform well, with all showing double-digit increases in sales and profitability.

Business Results Forecast for Fiscal Year 2017

For fiscal 2017 (year ending in March 2018), the Group projects 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%). The Company announced this upward revision to the sales and profit forecast on November 9, 2017 (click here for further details).

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.

November 2017
Ikuo Higashi, President