CEO Message

 

To Investors

We would like to take this opportunity to express our heartfelt thanks to all for your special assistance in our business activities. Here we report our financial statements for the 43rd fiscal year from October 1, 2010 to September 30, 2011.

 

Summary of the 43rd Fiscal Year(from October 1st, 2010 to September 30th, 2011)

Our country’s economy during this consolidated fiscal year showed gradual recovery led by external demands. Improvement of corporate earnings and decrease in corporate bankruptcies indicate brightness in business, however, since summer, due to the effect of yen surge and deflation and unstable overseas economy, the stalemate continues. In this economic environment, our Group, subsequent to last year, performed positive expansion into overseas including the Chinese market. For the purpose of sales expansion and improvement of quality, quantity and speed of customer service in the Chinese market, we established a subsidiary company, Unipulse Trading (Wuxi) Co., Ltd and started business on January 1st, 2011. Furthermore, in order to improve further operational efficiency and reduce costs of our Group, our Yokohama office moved to Naka-ku, Yokohama-city, Kanagawa on October 18th, 2010. As a result, the current consolidated fiscal year reported sales of 4,744 million yen (up 25.6% from the previous year), an operating profit of 802 million yen (up 275.7% from the previous year), an ordinary profit of 824 million yen (up 236.9% from the previous year) and a net profit of 499 million yen (up 592.5% from the previous year).

 

On Development Activities

We developed 6 models (3 models of them are still under development) and related options as new products of weighing and measuring instruments and obtained standard acquisition of each product. Also we started selling 2 approved models which correspond to the specific meter (JISB7611-2). In addition, development of model changes of 7 models (including discontinued parts correspondence) and standard acquisition were performed. We developed 7 models for OEM products. We developed a dynamic torque meter which has minimum initial shock torque and compact vibration measurement device. We developed a capacitance type displacement sensor(OEM) for the semiconductor manufacturing equipment, which will be sequentially supplied from next fiscal year. As for the logistics system, we developed 1 model of new type of cart and application. The installation operation was carried out at six places as new centers. In the information and communication facility, development of the line adapter for satellite telephones for major carrier was completed. We started supplying them this fiscal year. Regarding to the optical measurement apparatus, we narrowed down the functions, pursued the cost efficiency and released a new style MTF measuring device.

 

On Sales Activities

We have 292 new customers.

 

By Sector

In the weighing and factory automation sector, we, subsequent to last year, performed positive expansion into overseas including the Chinese market therefore high profitability products such as measurement apparatuses remained steady. Sales in the weighing sector amounted to 1,124 million yen (up 8.0% from the previous year), while the factory automation sector amounted to 1,075 million yen (up 17.9% from the previous year). In the environment sector, sales amounted to 132 million yen (down 2.7% from the previous year). With regard to the logistics sector, as a result of big sales and profit improvements, sales amounted to 657 million yen (up 273.1% from the previous year). In the security sector, sales amounted to 9 million yen (down 27.8% from the previous year). In the information and telecommunications sector, sales amounted to 78 million yen (down 9.7% from the previous year). In the mechatronics sector, sales amounted to 430 million yen (up 4.8% from the previous year). As for the optical measurement sector, sales amounted to 43 million yen (down 26.0% from the previous year). Regarding load cells and other electronics equipment, sales amounted to 420 million yen (up 21.0% from the previous year) and 103 million yen (up 6.7% from the previous year).

 

Electric Equipment Business

In addition to the increase in Narita Airport-related work, we developed customer acquisition and active sales of small construction work. Also we made efforts to curtail fixed costs and to decrease costs. As a result, sales ended at 668 million yen (up 34.1% from the previous year) and operating profit amounted to 40 million yen (operating loss of 56 million yen in the previous year).

 

We will concentrate our efforts on further enhancement of our selling power and improvement in our profit ratio for the 44th fiscal year (from October 1st, 2011 to September 30th, 2012).

We hope you will continue to extend your support and assistance to our company.

 

December 16th, 2011

 

Unipulse Corporation

 

Takami Yoshimoto


President & CEO