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President's Message
Eiichi Ogo, President
Business Philosophy
Yushiro hails the corporate philosophy of "co-operation" based on mutual respect and trust. The business goal seeks to appropriately pay shareholders suitable share dividends, as well as further develop shareholder capital, through stable business operations.
The year 2005 was a special year for the company as it marked the beginning of Yushiro's listing in the First Section of the Tokyo Stock Exchange Market. This not only makes the company liable for corporate governance, but also requires the entire Yushiro group to work as a team to increase sales profits, strengthen corporate governance, and boost corporate and shareholder value.
Business Activities
Brand Power
Today, the enterprise has grown to 13 domestic and foreign group companies to deliver global and extensive business, through two pillar businesses:
- Metalworking Oils and Fluid Businesses; and
- Building Maintenance Chemicals Businesses.
The "Metalworking Oils and Fluid Business" sector widely delivers products to trunk industries in Japan. Today, the company holds an unrivaled share near-70% for cutting oils and fluids, the major product of the company, supplied to the automobile industry. Further, the share of metalworking oils and fluids is also spreading around the world, with growth especially in Asia, that is becoming a significant market.
In the "Building Maintenance Chemicals Business" the company strives to protect buildings and their appearances. Floor wax is a major product developed to polish the living environment. By suggesting various products and systems, Yushiro is gradually but steadily becoming a mainstay in the market.
Today, Yushiro activities are supported by 1 domestic and 12 foreign group companies in this sector and sales results have grown to roughly 30% of the consolidated sales. Such progress is not only a product of extensive technology accumulated over many years of experience, but is also a result of satisfactorily meeting market needs and user demands. This has ensured that the company to constantly develop new technologies and values in new fields of businesses.
Higher Values and More Profitability for Shareholders
The FY2010 (ending in March 2011) was planned of the consolidated sales amounted to approx. 22.8 billion yen, and the consolidated sales profit of approx. 2.0 billion yen of all Yushiro group companies, in which the group companies buckle down to the job in order to get higher values and more profitability.