In 2002, among household finances the rate of
increase in spending on services reached 5.3 times the level of spending
on goods, and a large proportion of spending on goods was in the spheres
of education, entertainment, and communications, to individualize and
enhance lifestyles. This had a strong bearing on this business segment.
Among these totals, Daiwa Rakuda Industry, which
engages in the manufacture of construction materials and sale of furniture,
devoted particular efforts to sales of interior goods such as original
curtains and folding room dividers, and exterior goods such as balconies.
This resulted in 3.9% growth in net sales, to ¥38,232 million, and
a 1.6% increase in operating income, which reached ¥880 million.
Meanwhile Daiwa Logistics, which engages in goods
distribution, implemented measures such as the amalgamation or closure
of temporary warehouses and the relocation of distribution centers.
As a result, it was able to improve its performance in contrast to the
general sluggishness in the transportation industry, posting net sales
of ¥23,078 million, up by 6.7% year-on-year, and operating
income of ¥1,089 million, up by 2.6%.
In addition Yamatonoyu, which operates Super
sento bathhouses, opened four new outlets during the term, bringing
its network to a total of 13 directly-managed outlets, the largest
in its industry. The average number of visitors to each of these complexes
reached some 37,000 per month, marking another year of consistent growth
since the company's establishment.
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