 |
November 11, 2004
Business Operations for the Interim Period
Ended September 30, 2004
In the interim period under review, net sales edged down 1.2% from the interim period of the previous fiscal year, to \4,995 million. Nevertheless, the Company managed to restore itself to profitability thanks to the implementation of a set of initiatives that formed a part of its management reform plan.
Both sales and income rose in the print media business thanks to growth in mook focused on digital cameras; increased corporate publishing sales; and other factors. In our digital media business, online advertising was generally robust, and despite sales taking a blow from changes in calculation standards in e-commerce and other influences, the Company was able to reduce the scope of losses from last year.
With regards to corporate organization, the Company moved into a holding company structure through corporate separation on October 1, 2004, and its trade name was changed to Impress Holdings, Inc. We have provided management guidance for issues including decisions for operational domains, senior management positions, and shared use of company infrastructure for the newly established Impress Corp., and all other Group companies. Moreover, we will conduct comprehensive corporate management including the possible establishments of affiliates and subsidiaries and place the highest priority to consolidated Group performance.
We would like to thank all of our shareholders and friends for their continued understanding and support in all our future endeavors.
Keiichiro Tsukamoto, President and CEO
Impress Holdings, Inc.
|
|
|
