Company Report 2001-2002

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We have experienced big changes and improvements of our system over the last three years time period and our sales and overall performance have increased drastically. Those are the summary of our activities, since Yoshiharu Warashina has taken over the company since June, 2000.
1 ) Improvement of our financial and accounting systems
Due to the necessity in increasing sales and expansion of business, our financial and accounting systems have been improved to become more accurate and speedy. We have started shifting all accounting system to in-house operation from outside contract basis. Due to the necessity in increasing sales and expansion of business, our financial and accounting systems have been improved to become more accurate and speedy. We have started shifting all accounting system to in-house operation from outside contract basis. We never stop improving our account control with strategic analysis. Our auditor is Mianato Sogo accounting office, Mr. Narusawa and Mr. Yosida from Roppongi, Tokyo.
office
2) Expansion of Market, Product and Supply Source.
We have been trying to set up our operations in new markets with a wide range of products, thus, shifting from a single market with single product. Finally, we are currently enjoying very wide variety of products, from brand new to used cars, from passenger vehicles to all sorts of commercial vehicles and construction machineries as well as related parts and accessories. We also source our cars not only from Japan, but also from all possible supply points, including Thailand and other Asian markets. We will continue to explore good products and good customers.
3) Sales Performance
Due to the above efforts over the last three years, our sales growth has been increased as below.
Financial Year
1998
1999
2000
2001
2002
Sales(million Yen)
998
1,614
1,675
3,685
4,000
Remarks
New CEO
Accounting system change
Expected
4) Change of Stock Share
Also we have change the stock share in order to have impose higher firm responsibility on all directors in our company.Our G-trading share has also been sold to Mr. Kunio Shinohara who is currently a managing director of G-trading.
Yoshiharu Warashina : 29.59% (Year 2003: expected as 35.7%)
Masahiko Samata : 40.81 %
Katusufumi Abe : 25.5 %