To all of our shareholders and other investors, I extend my warmest greetings and gratitude for your support of Okinawa Cellular Telephone Company.
Allow me to offer my greetings and report on our business results for the fiscal year ending March 2016 (April 1, 2015-March 31, 2016).
In this fiscal year, our revenues and income increased over the previous year, with operating revenues of 62,656 million yen (5.2% year-on-year increase), operating income of 11,212 million yen (8.5% year-on-year increase), and net income for the current term of 7,505 million yen (12.0% year-on-year increase). This marks four consecutive terms of revenue and income growth, and sets a new record for income.
In our mobile telecommunications business under the "au" brand, robust support from our customers has enabled us to reach 642,900 total subscriptions by the end of March (up 2.5% year-on-year). Smartphone use continues to spread, with the smartphone penetration rate rising to 58% (as of March 31, 2016), so that now one in two of our customers is using a smartphone.
In our fixed-line telecommunications business, which is focused on "au HIKARI Chura", continued strength in new customer growth pushed au HIKARI Chura subscriptions past the 60,000 mark in August 2015, totaling 66,200 subscriptions (up 19.3% year-on-year) at the end of the fiscal year.
For the FY ending March 2017 (April 1, 2016-March 31, 2017), we are projecting further increases in revenues and income, with operating revenues of 62,900 million yen (0.4% year-on-year increase), operating income of 11,500 million yen (2.6% year-on-year increase), and net income for the term of 7,800 million yen (3.9% year-on-year increase.)
So that we can provide a more user-friendly, stress-free communications environment to our customers, each and every one of our employees will keep an awareness of our motto "All for the Hometown" along with a sense of speed in carrying out our business efforts.
We will continue to sustain a robust financial base, and strive to be an attractive company for all shareholders and investors. I hope very much for your continued support and encouragement.
Representative Director and President