We would like to express our deepest gratitude to all our stakeholders.
For our company, the previous fiscal year was the 20th year of foundation and also the one of milestone that showed smooth progress in every project and achieved huge transformation on our business fields.
In terms of commercial property, we accumulated the skills and know-how of facility management by acquiring Arche Building in Sapporo-shi, Hokkaido and by reconstructing a complex commercial facility in Yokohama-shi, Kanagawa Prefecture. In addition, through our bold efforts to sell, renew, and rebuild properties, the income of tenant leasing business has increased substantially along the increased number of overall tenants.
Furthermore, with the expansion of the business scale of Pan Pacific International Holdings Corporation and its group companies, the number of properties under our management has also increased dramatically, therefore we are confident that this shall contribute to our new business revenue.
As of the end of the previous fiscal year, the number of owned properties was 125, and as a result, sales amounted to ¥21,691 million (13.0% YoY increase). We have also marked ¥8,426 million of operating income (11.8% YoY increase), ¥8,279 million of ordinary income (14.7% YoY increase) and ¥6,756 million of net income attributable to owners of parent (3.2%YoY increase). With these figures above, our company has accomplished the increase both in sales and operating income for the last six consecutive fiscal years. As for FY2019, we will continue to work on new challenges to expand our business results.
Our company has greeted the final year of the five-year period (from April 2015 to March 2020) in which we are to achieve the following two goals to advance our company to the next stage as an integrated real estate corporation in terms of property acquisition, leasing management and facility maintenance.
With both goals progressing steadily, about the goal 1, we will continue to expand sales in the current term and aim to achieve the goal. About 2, we have already achieved this ahead of schedule, but in order to achieve further leaps in the future, all employees will work together to expand even further profitability.
In the year 2020, with the Olympics held in Tokyo, the demand of tourists and real estate market conditions, and the other domestic situation are expected to undergo some major changes. By considering them as an opportunity, our company will respond flexibly and quickly to changes in social and real estate conditions, and will realize seven consecutive years of increased sales and operating income with the following three pillars of our business:
Our company will accurately grasp changes in the times and promote stabilization of our business and financial bases to solidify our profound position as a comprehensive real estate corporation. We look forward to your constant support by heart.
Japan Asset Marketing Co., Ltd.
President Takayuki Koshizuka