ground to believe that the foreign personnel is or used to be engaged in an inappropriate conduct or fails to comply with the rules on giving of information or advice on the capital products denominated in
) there is no ground to believe that the foreign personnel is or used to be engaged in an inappropriate conduct or fails to comply with the rules on giving of information or advice on the capital products
foreign country; (2) there is no ground to believe that the foreign personnel is or used to be engaged in an inappropriate conduct or fails to comply with the rules on giving of information or advice on the
the business operation in the respective foreign country; (2) there is no ground to believe that the foreign personnel is or used to be engaged in an inappropriate conduct or fails to comply with the
business on February 10, 2018. The results from the past one year experience led to the business strategy to suit the business environment in each area. Therefore believe that the revenue from sales and
attendant growth in demand for advertising. By making use of the long experience and strong knowledge of the Company, we believe that MACO is well positioned to enter into the next round of accelerated growth
results for the Quarter 1’ 2018 Page 6 / 6 operate the business in the first quarter to set marketing strategy for appropriate the business environment in each area. We believe that sales and service income
business is generally lower margin than MACO’s core business, net profit margin slightly decreased to 14.4% from 22.9% in 3Q 2017. Nevertheless, we believe that MACO will benefit from economies of scale
advertisement in each area for increased sale. We believe that sales and service income will grow as continuously and reduce the cost of sales and services that are currently available. And the result is good