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株主・投資家情報
President
TOSHINORI YAMAOKA
  To Our Stockholders
 

I would like to express my most sincere gratitude to our stockholders for their steady and continuing support.
In NKK's 87th business term, although demand for separators recovered toward the end of the term, extraordinary losses including an impairment loss of goodwill relating to the subsidiary in Philippine resulted in an increase in revenue and decrease in profit.
We are confident that the demand for separators will remain strong, and we will continue to pursue product development and sales activities that precisely and accurately incorporate market changes and customer needs as we seek to constantly improve our corporate value.

 
 
  Overview of Fiscal Year Ending March 2017
 

In the fiscal year ending March 2017, the global economy, especially the U.S. economy supported by steady private consumption, experienced gradual recovery in spite of concerns such as slower economic growth in China and other emerging countries. In Japan, the business environment particularly for export-oriented companies went strong because of increased overseas demand that was mainly led by a depreciation of the yen resulting from expectations for the new U.S. administration, which resulted in a gradual recovery of the economy although political conditions in foreign countries were unpredictable and domestic consumption, which is critical to the economy, seemed to remain weak.
The electronics industry, a market related to our group operations, experienced tough times due to the strong yen from the beginning of the year until the autumn. However, the market for in-vehicle products, where demand for parts has grown because of computerization, and the home appliance market, such as white goods, where products are increasingly multi-functional and computerized, continued to remain strong. In such circumstances, sales of our group were 15.089 billion yen (3.472 billion yen or a 29.9% increase in comparison with the previous fiscal year) due in part to our consolidation with the Albay Agro-Industrial Development Corporation (ALD), our subsidiary in the Philippines. While ordinary profit was 344 million yen (214 million yen or a 165.4% increase in comparison with the previous fiscal year), the impairment loss of goodwill relating to ALD and loss due to typhoon damage totaled 651 million, and was recorded as extraordinary losses. This resulted in a net loss belonging to stockholders of the parent company of 454 million yen (in comparison with 55 million yen of net profit belonging to stockholders of the parent company for the previous fiscal year). Since ALD is an important business base for our group in terms of raw material procurement, we will continue our efforts to establish a stable supply system and improve financial stability in order to achieve a rapid recovery of our business performance.

 
 
 
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