On behalf of Press Kogyo, I offer my heartfelt appreciation for the continued support of our shareholders. I will now give an overview of the results for FY 2020 (from April 1, 2020 to March 31, 2021).
Qualitative information on FY 2020 results
Looking at consolidated results year on year for FY2020, net sales fell 25.1% to ¥153,725 million, operating income decreased 36.1% to ¥4,764 million, and net income attributable to owners of the parent was down 60.1% to ¥1,489 million. In the first half, the Group recorded a net loss of ¥2,585 million, due to the major impact of the pandemic on the truck and construction machinery markets in Japan and overseas. Taking this situation into account, with deep regret we did not issue an interim dividend. In the second half, however, the Group was able to record net income of ¥4,074 million owing to Group wide efforts to streamline the production system, cost reduction and rationalization, as well as a recovery in demand for trucks and construction machinery. The year-end dividend has been set at ¥7.5 per share (an annual dividend payout ratio of 54.6%).