Driving growth through high-value-added business and overseas expansion
President & Representative Director
I would like to extend my gratitude to our shareholders for their ongoing support of Toppan.
I became Toppan’s President & Representative Director after approval at the board meeting following the 173rd Annual General Meeting of Shareholders on June 27, 2019. Since its founding in 1900, the Toppan Group has responded to the trust of its customers and addressed the issues faced by society by supplying products and services rooted in printing technologies. We will continue to contribute to society and target sustainable growth by aligning our accumulated technologies and know-how with the needs of modern markets.
The Toppan Group has now closed its accounts for the 173rd fiscal term (April 1, 2018 to March 31, 2019). We have identified Healthcare & Life Sciences, Education & Cultural Exchange, Urban Space & Mobility, and Energy & Food Resources as four business fields for growth based on TOPPAN VISION 21, which sets out Toppan’s Corporate Structure and Business Fields for the 21st century. We have worked to provide comprehensive solutions and expand business by strengthening collaboration throughout the Group and combining our technologies and expertise. To promptly establish new revenue models, we have striven to enhance our competitive advantage by reducing costs and bolstering technology development in existing operations, while proactively allocating management resources to the creation of new businesses.
As a result, for the fiscal year ended March 31, 2019, net sales increased by 0.8% from the previous year to ¥1,464.7 billion. Operating profit decreased by 12.5% to ¥45.7 billion, ordinary profit decreased by 10.1% to ¥49.1 billion, and profit attributable to owners of parent was ¥41.0 billion, a 2.9% decrease.
The year-end dividend has been set at ¥20 per share. This means that the total annual dividend is ¥40 per share.
The Toppan Group has striven to expand business in step with changes in the market. Recent acceleration of digitization has created more challenging conditions for the printing industry, necessitating a transformation of our business model. We aim to remodel the structure of our business and enhance enterprise value by driving high-value-added business in the domestic market and accelerating expansion overseas.
The continued understanding and support of our shareholders is greatly appreciated.
June 2019 Hideharu Maro President & Representative Director