Overview of 1H FY2010 and
Future Management Policies
- I would now like to take this opportunity to refer to our efforts to achieve greater profitability.
- In the first half, we succeeded in improving non-consolidated gross profit margins by around 1% in the creative and marketing promotions domains. This was due in part to rigorous management of procurement and business processes.
- Despite posting an increase in gross profit, we also managed to maintain our non-consolidated operating expenses at a level below last year's, and our consolidated operating expenses at a level similar to last year's.
- Additionally, we integrated our Group's shared services organizations and delegated businesses to the newly integrated company. We will continue to seek additional streamlining of administration in order to achieve further cost reductions.