We are sincerely grateful to our shareholders and investors for understanding and supporting the Company's operations.
We aim to continue to grow as a leading general trading company in the electronics sector.
The Vitec Group demonstrates its collective strength to build corporate value and increase profits. We will strive to return profits to our stakeholders including shareholders and to society. We welcome your continued understanding and support for the Vitec Group.
Accounting Highlights
In the 2010 March term, we successfully marketed key devices incorporated in digital still cameras and digital video cameras. Consequently, the sales were ¥121.782 billion (12.0% year-on-year increase), the ordinary income was ¥1.275 billion (161.0% year-on-year increase), and the current net income was ¥1.043 billion .
Future Prospects and Approaches
Regarding to the foresight in the field of home electronics such
as digital cameras and DVD recorders, though its sales can be assumed
to undergo a steady transition, its unit price has still been continuing
to drop off, and will face tough conditions. Vitec will expand its
business with mainly CCD and L-LCD, and tackle sales activities positively
with Organic Electro-Luminescence for mobile phones and memory for
digital home electronics.
To achieve these planned targets, we will
direct corporate-wide efforts and meet the five concrete business
challenges listed below.
(1) Improve the collective strength of the Vitec Group to maximize the Group's sales and profits
We will put our energies into marketing Sony devices and products of other domestic and overseas manufacturers and promote new businesses (marketing of systems devices and production equipment plus provision of solution services) to maximize the Group's sales and profits.
(2) Achieve a high level of customer satisfaction
We will implement total solution business by building a sales organization in close touch with customers and acquiring and promoting new trading items in a well-organized manner.
(3) Promote overseas activities for business expansion
We will strengthen our overseas business networks to expand our sales to overseas local companies and build new business relationships with them.
(4) Improve our technological strength
The Vitec Group will enhance its total solution services by improving the Group's technical support capabilities in four categories: device design support, set design support, technological application and solution promotion.
(5) Strengthen our management infrastructure
With thorough profit and risk management as our keywords, we will strengthen the capital base, improve the quality of internal governance, and strengthen our management infrastructure including personnel, information infrastructure and logistics framework.
