Key points on how to view JPC's business performance
To look at our business performance, focus on "Gross profit = Gross profit" rather than "Net sales".
Sales can vary greatly depending on whether precious metals are sold with or without chemicals. Precious metals are expensive, so their impact on sales is significant. However, even if we sell precious metals, our gross profit will not increase because we receive only commission income and almost no Profit. Therefore, by focusing on gross profit, we can estimate the sales volume of the chemicals we manufacture.