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To Our Shareholders and Investors
Annual Report
Financial Data
To Our Shareholders and Investors
President Toshio Yoshida

In the Fiscal Year Ended March 31, 2014, the Japanese economy experienced an ongoing weakening in the yen and this benefitted exports and share prices. Under these circumstances, Japan Vilene Group recorded consolidated sales of 54.563 billion yen (year-on-year increase of 13.4%) and consolidated operating income of 2.727 billion yen (year-on-year increase of 164.4%)

In August 2013, Japan Vilene Group published The 3 Year Mid-Term Plan 2013-2015. Under the plan, we aim to achieve consolidated net sales of 61.5 billion yen and operating income of 4.4 billion yen in fiscal 2015. Furthermore, we intend to promote the eight basic strategies of the Mid-Term Management Vision and strengthen structural profitability in order to be unaffected by changes in the external environment. Specifically, we have set out four 適ey Challenges as priority policies: we will promote new products and new business; expand core business and strengthen profitability; improve productivity; and strengthen human resources training and development.

We respectfully ask you for your continued support and understanding.

Toshio Yoshida

June 2014
Toshio Yoshida
Representative Member of the Board
Japan Vilene Company, Ltd.

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