Message from the President
President and Representative Director
Please allow me to extend my sincere gratitude to all of our shareholders and investors for their continued support.
The IINO Group has formulated a mid-term management plan “Be Unique and Innovative Towards Our 125th Anniversary (in 2024)” for the three-year period beginning April 2017. As goals for our 125th anniversary, the mid-term management plan calls for the IINO Group to ensure stable growth as an independent global company by providing steady, high-quality service, IINO Quality, and continuing to develop our unique business model, IINO Model.
In order to achieve these goals for 2024, we have set the theme of “Taking up the Challenges of Balanced Management and Advancement” as an initiative for the mid-term management plan.
Balanced management refers to balance in the IINO Model, our business model that relies on the two pillars of the Shipping Business and the Real Estate Business, and balanced growth targets that emphasize the three categories of profitability, efficiency, and financial health. Additionally, for challenges in advancement, we are pressing forward with measures such as differentiating and seeking high quality services that are considerate of safety and the environment from a customer perspective through establishing IINO Quality, and entering next-generation businesses to support future growth. Steady implementation of “Taking up the Challenges of Balanced Management and Advancement,” will allow the IINO Model to evolve and create sustainable corporate growth.
At the same time, we continue to maintain foundations to support the steady execution of “Taking up the Challenges of Balanced Management and Advancement,” via the five items of strengthening competitiveness via reconstructing, explaining, and handing down knowhow; strengthening human resource development and optimizing usage, strategically developing information networks, cash flow management and strengthening financial base, and total risk management.
On July 1, 2019, we will celebrate our 120th anniversary. I would like to thank our stakeholders once again for their warm support that made this possible. As a way to express our gratitude, we plan to provide a commemorative dividend of ¥5.00 per share for our year-end dividend for the fiscal year ending March 31, 2019, and also plan to submit this as a proposal to the 128th Annual General Meeting of Shareholders scheduled to be held in June 2019. As a result, year-end dividend for the current fiscal year is forecast to be ¥10.00 per share (ordinary dividend of ¥5.00 and commemorative dividend of ¥5.00), and combined with the interim dividend, annual dividend are projected to be ¥15.00 per share.
Going forward, we will continue to work hard to meet your expectations and we look forward to your continued support.
Hiromi Tosha, President and Representative Director