Dear Shareholders,
I would like to take this opportunity to thank you for your continued support.
The T&G Group has been dedicated to improving its financial results, focusing on achieving steady incremental gains and growth over the long term in line with its management policy of a “True Revival.” As a result of our efforts, consolidated net sales for the fiscal year ended March 31, 2010 were 46,039 million yen (against 46,206 million yen in the previous year). T&G also posted operating income of 2,519 million yen (compared with operating income of 675 million yen a year ago), ordinary income of 1,882 million yen (against 31 million yen a year earlier), and net income of 371 million yen (compared with a net loss of 1,048 million yen for the previous year).
Last fiscal year, which marked the start of the “second stage of our development,” we declared that we would concentrate on our core domestic wedding business. We have since been putting in place systems that will enable us to provide meticulous services that will improve customer satisfaction. As a consequence, in the fiscal year ended March 31, 2010, the number of couples dealt with by directly managed venues reached an all-time high of 10,071, up 272 over the previous fiscal year. Sales and income also increased year on year.
Taking the above initiatives further, the fiscal year ending March 31, 2011 will be a year in which we take important steps towards consolidating our position in Japan’s wedding industry. T&G will build a business structure that is substantial – not flimsy – something our financial results in the last few years have prevented us from doing. To continue offering the ultimate wedding to all our customers, in the current fiscal year, T&G will maintain its active investment in people and other management resources while generating steady earnings.
Accordingly, in the fiscal year ending March 31, 2011, T&G expects to record net sales of 47,759 million yen, operating income of 2,688 million yen, ordinary income of 1,984 million yen and net income of 857 million yen.
Moving forward, T&G remains committed to taking every moment of time available to each customer and turning it into a time of happiness in line with its corporate philosophy “To enrich hearts and lives.” We will enhance our corporate value by working collectively to provide high quality services that reflect our philosophy.
I look forward to your continued support.
