Mr. Sato, the president of Nippon Light Metal Company, Ltd., NLM,
became sure of its increased dividends and improvement of income for
this term, following its current good business results of each group
company. Furthermore, he emphasized that the group's mid-term
management planning ending March 2007 or fiscal 2006 went well; he
plans to continue to strengthen the condition being able to pay the
dividend of 5 yen.
NLM has prospect of 510 billion yen in fiscal 2003 ending March 2004,
as the consolidated sales, 13 billion yen of the ordinary profit in the
same term, and 9 billion yen of the net profit in the same term: In
more details, thanks to reinforcement of control of exhaust gas, the
demand for trucks increased; NIPPON FRUEHAUF COMPANY, LTD. was good for
wing materials, etc; and Toyo Aluminium K.K. also had the business
results of the highest level in the past thanks to the good demand for
IT.
On the other hand, about construction material businesses, NLM's
results are on the rise. The firm continues to perform the measures
toward improvement of the income throughout tackling both manufacture
and sales as one and selling CB merchandise as a high differential
product from this October. Regarding its sales promotion, it will
strengthen selling direct, and according to him, the share of
construction material businesses will be up. In addition, Nikkeikin
Aluminium Core Technology Company, Ltd., which was spun off into a
separate company, also had monthly a little under 100 million yen of
the ordinary profit; thanks to effects of its rationalization and
further processing development, it made sure of conditions for profits.
Under the group's current good operational conditions, regarding the
estimates of 590 billion yen of the consolidated sales, 32 billion yen
of the operating profit, and 23 billion yen of the ordinary profit, in
fiscal 2006, the year ending March 2007, which is the final year of the
mid-term management planning, "To me, these estimates are not really
high. Our mid-term planning has been good by and large so far," he said.
