Air Water Inc. has released full-year financials for the year ended 31st March 2017, in which the corporation saw further improvement in results due to a gradual recovery trend in market conditions.
The consolidated fiscal year results were ¥75bn ($6.9m) (112.4% that of the previous year), operating income was ¥42bn ($383m) (102.6%), ordinary income was ¥44bn ($401m) (108.3%) and net income attributable to owners was ¥25bn ($401m) (112.7%).
Each business segment of Air Water’s corporate group adopted various implementation measures set out in its three-year mid-term business plan ‘Next2020 – Ver. 3’, which is currently in its second year of implementation, by structurally reforming existing businesses and initiating growth strategies through M&A.
The company established a new logistics business and reinforced its regional business strategies, with focus placed on assigning regional representative directors to maximise the group’s comprehensive strength across the eight regional companies.
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