Below, President Nishizaki answers various questions about JFE Systems' initiatives based on the settlement of accounts for the first half of FY2018.
Q: What's your assessment of business performance in the first half of FY2018?
A. We set record highs in both net sales and ordinary income in the first half, thanks to some new products and after moving some highly profitable projects planned for the second half forward to the first half. That helped get the first year of our Medium-Term Management Plan off to a strong start. Net income attributable to shareholders of parent company improved significantly because we are no longer affected by last year's recording of extraordinary losses (losses of ¥702 million from consolidation of offices in the Tokyo metropolitan area).
Q. What were some of the key topics from the first half?
A. Our parent company, JFE Holdings, was selected by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange to a list of companies characterized by proactive IT management for the fourth consecutive year. Of the 32 companies listed, only seven have been selected for four consecutive years. We're responsible for developing the integrated product database used in the JFE Group's advanced supply chain integration.
Announcement of companies singled out and
listed for proactive IT management（2018.5.30）
Q. What's the full-year outlook for FY2018?
A. We've revised full-year performance forecasts upward in response to the favorable first-half results. We expect to set record highs in both net sales and ordinary income in the second half, just as we did in the first half.
For the above reasons, we also expect dividends to increase by ¥5 from the initial forecast of ¥70 to ¥75 per share.
Q. Do you have a message for shareholders?
A. We got off to a strong start in FY2018, the first year of the new (sixth) Medium-Term Management Plan. Each and every one of us must continue to demonstrate our abilities to the fullest as we all strive together to achieve the goals of this plan.
I want to thank all our shareholders for their continuing guidance and encouragement.
President & CEO