profit ratio stood at 35.7%. Gross Profit Ratio & Operating Profit Ratio In 2Q18, CPN’s gross profit ratio, excluding other income, dropped to 48.0% from 50.1% in the previous year (the first six months of

Profit to Total Revenues Debt to Equity = Total Liabilities to Total Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit

Equity Return on Assets (ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano

22.01 million in 1Q18, with Net profit margin at 21.66% in 1Q19 improved from 15.38% in 1Q18. Details of the management discussion and analysis follow: Income Statements The Company reported Revenues from

to consider and approve the statements of financial positions and the comprehensive income statements of the Company for the fiscal year ended December 31, 2018 which was approved by the Audit

(ROA) = Profit before financial costs and income tax to average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director

decline in September 2.) growth in private consumption supported by higher household income in various sectors, including agriculture, and recovering consumer confidence, whilst inflation level also grew

19% Revenues from beauty treatment services 28,983 162,816 -82% - - Interest income 2,184 121 1,705% 591 121 388% Gain on disposal of assets 2,119 309,034 -99% - - Revenue from franchise - 1,836 -100

Company's core businesses, especially the credit card income which having 18.2% growth y-y. Hence, the growth of revenue, especially credit cards, was mainly derived from marketing activities to stimulate

directly and indirectly total of 46.00% of the total paid-up capital of GS (This amount is included the amount of additional share purchase in case that GS can proceed and earn a fixed amount of earinings