SPARX:Consolidated Financial Results for FY2019 (Apr. 2019 - Mar. 2020)
SPARX Group’s Founder and President Shuhei Abe Fiscal Year ended March 2020 Review and Outlook
First, I would like to convey my deepest sympathy to everyone who has suffered from the novel coronavirus infections and to those who are involved.
I also would also like to express my heartfelt appreciation to those healthcare and other professionals and their supportive families around the world, who continue to work to protect and save our lives.
Amid various efforts to prevent the spread of the virus, we closed our Tokyo office on Wednesday, April 8, and started remote work in response to the nationwide declaration of a state of emergency.
We are also striving to prevent infections in our South Korea and Hong Kong offices with essential team member divided into two teams and going to the office every other day.
We are pleased to report that our operations have been able to continue without any major issues as we carry out our activities with the highest priority placed on the lives and health of our colleagues and their families.
With the world solely focused on the virus for the past several months, I am pleased to announce that SPARX has successfully completed our fiscal year 2019.
For the year ended March 31, 2020, our operating profit was up 14.8% year on year, rising from 3.9 billion yen last year to 4.4 billion yen this year.
On behalf of our clients, we invest in Japanese and Asian equities, as well as renewable energy projects and venture start-up companies. These four businesses, or what we call our "Four-Pillars" share a common investment philosophy.
We are building a diversified business portfolio that offers stable growth even if stock markets become more volatile. Even if the stock markets remain sluggish due to the impact of COVID-19, the impact on our overall business performance will be relatively less compared to the past, as the firm's foundation to generate stable base earnings continues to become stronger.
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