The document summarizes the profit sharing system of San Jose Kitchen Cabinets Manufacturing, which allocates 50% of annual profits to employees. It outlines the company profile, mission, strategy, and principles of allocating profits based on responsibility and performance. An example income statement shows how conventional accounting is adjusted to incorporate the 50% profit share for employees. The system aims to benefit both the company and employees over the long term through increased employee engagement and motivation. Results over 24 years of implementation show sustained long-term viability and average 34% return on equity.