On 18th June, JU Corporation (Shibuya-ku, Tokyo; Akihiko Takatani President) held the 20th shareholders’ meeting at the hotel in Tokyo. All proposed bills were approved and appointed as a corporate auditor by newly appointed executive personnel affairs.
Due to the substantial growth of JU Trade trading (3000 monthly transactions), sales results for the year 2009 were ¥ 1,877 million for the current fiscal year and 9.6% higher auction net trading than the previous year (An increase of 11.4% from the previous year), and operating income increased by 372 million yen (19.2% increase over the previous year).
Furthermore, factors that contributed to the increase in profitability were that the registration of the JU Tentry and the successful bid were steadily progressed and that despite the substantial increase in work volume, personnel expenses such as operating costs, meeting expenses, and entertainment expenses were restrained. In addition to this, there were also management efforts such as suppressing expenditure.
After the meeting, the meeting place was moved and a social gathering was held. Hiroshi Hiroshi, Chairman of Board Hiroshi Kaijitsu, who stood from the opening greetings, said, “The change in the world is quick, we need an organization centered on distribution with a small circulation, and we established JUC with the efforts of President Ogawa 20 years ago. We are planning to continue cooperation, as we are also building a new business model centered on appropriate dealers in the future”.