Looking Back on Fiscal 2014
We began the previous fiscal year with a business plan that called for consolidated sales of ¥15.4
billion and consolidated recurring profit of ¥1.4 billion. Looking back at the domestic market, yen weakness
that began the year before last contributed to an improvement in the performance of large automakers
and other companies, which in turn spurred capital investment in a wide range of related industries over
the course of the last year, including electronic component
manufacturers. These developments benefited related Hioki
product groups. Similar increases in capital investment overseas
combined with the results of our efforts to build and expand
Hioki’s sales network to yield favorable results. As a result, we
enjoyed solid performance during the first half of the year on an
advance-order basis, and revised our forecast upwardly.
Looking at sales by product category, our four major
categories all exceeded their performance during the previous