Solving new issues in a new environment
I would like to extend my heartfelt gratitude for your support.
The Relo Group kicked off its New Third Olympic Plan. This is a medium-term management plan with the objective of making ourselves a really strong group under the great challenges we face in the twenty-first century. The fiscal year ended March 31, 2023 was the second year of the plan. We had defined it as a very important and exciting stage in which the direction of the post-pandemic future would come into sight, although we remained affected by the turbulent conditions to some extent. With our solid stock business portfolio, our staff worked as one in an era of drastic change.
Meanwhile, economic activities were mixed. Amid growing needs for outsourcing as a means to bolster productivity, we worked to swiftly offer solutions under a slogan of solving new issues in a new environment. As a result, the numbers of new customers reached a record high in the Leased Corporate Housing Management Business, in the Fringe Benefit Business and in the Global Relocation Support Business. Profit before income tax stood at 25,869 million yen to go far beyond the announced target.
Supported by the stability of the stock business, the Relo Group succeeded in increasing profit around 25% over the three-year pandemic period, twice achieving new record highs.
With a mission of supporting Japanese companies in their non-core operations and in their global expansion, we will continue our endeavors with a willingness to take on challenging goals. Our goal is to offer significant help to Japanese companies aspiring to increase their productivity and to move to positive actions.
In addition, the lack of successors and the shortage of workers will grow into major issues facing Japanese society in the future. We will take advantage of our ability to attract customers from the business foundations that have been built by the Relo Group and our track record of providing solutions for the issue of succession in the residential property management and tourism businesses, aiming to provide support for regional revitalization on the basis of those foundations.
We will continue reaping benefits from the rapidly changing environment. Capitalizing on the Relo Group's overall strength encompassing the B2B and B2C domains, we will provide indirect support for the coming sweeping transformation in Japan. Meanwhile, we will position ourselves for a breakthrough in the final fiscal year of the New Third Olympic Plan, namely the fiscal year ending March 31, 2025. We hope that we can count on your continued support.
Kenichi Nakamura
Representative Director, CEO Relo Group,Inc.
