Nissei ASB Machine : Presentation of Consolidated Financial Results for the Six Months Ended March 31, 2023(3,105KB)
June 09, 2023 at 04:54 am EDT
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Global Niche Top Company
selected by Japanese Ministry of Economy, Trade and Industry
Financial Results
1st Half of the Year Ending September 2023
May 23, 2023
Nissei ASB Machine Co., Ltd.
(TSE Prime market, Code Number 6284)
2
INDEX
Results for 1st half of the year ending Sept. 2023 II. Financial forecast for the year ending Sept. 2023
III. Focus measures for the year ending Sept. 2023 and situation in the 1st half IV. Other initiatives
Reference Documents
3
I. Results for 1st half of the year ending Sept.2023
Favorable business environment. Orders received and sales were at a high level. Also strong results of after-sales services. Sales cycles are in good condition.
Sales Front
Exhibitions resumed in full-scale around the world. Value of orders received, and sales achieved the second highest level.
As a result of harvesting inquiries received at K2022(*1), value of orders received in Europe recorded the highest ever
Results of after-sales services remain strong. Value of orders received for molds and spare parts
each renewed the highest record. (*1: K2022…The world's largest trade fair for plastics and rubber held in Germany in Oct. 2022)
Technology
Front
Showcased ZC and QMC(*2) at the major exhibitions. Received high reputations for its improvement in container productivity.
The impression of the new environment-conscious machine model at the exhibition was good. Aiming for its early sales contribution by further technological improvement.
Promoting development of new technologies, such as increased productivity of PF36, expansion of
number of cavities for HDPE containers, etc.
Manufacturing
Front
Increased material cost remains significant, though it was passed on through product price increase
As for capital investment in India plant, completed installing machinery. Under adjustment for start- up.
Production transfer to India plant is progressing. Contributing to cost reduction and shortening delivery time.
Financial Results (Summary)
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Value of orders received, sales, gross profit, and operating profit were at a high level
recording the second highest ever
(Unit: million yen)
2022/09
2023/09
Year on year
1st half
1st half
comparison
Amount
cumulative
cumulative
Rate of
Q1
Q2
of
Total
Total
change
change
Net Sales
15,090
6,933
8,589
15,523
432
2.9%
Gross Profit
6,718
3,445
3,919
646
9.6%
44.5%
49.7%
45.6%
.4%
Selling, General and
3,877
2,133
1,993
4,127
249
6.4%
Administrative Expenses
25.7%
30.8%
23.2%
26.6%
2,841
1,311
1,926
3,238
The second highest
Operating Profit
396
14.0%
18.8%
18.9%
22.4%
.9%
Ordinary Profit
4,151
8
2,113
2,121
(2,029)
(48.9%)
27.5%
0.1%
24.6%
13.7%
Profit Attributable to
3,031
47
1,452
1,500
(1,531)
(50.5%)
Owners of Parent
20.1%
0.7%
16.9%
9.7%
Orders Received
14,540
8,316
8,123
16,439
1,899
13.1%
Order Backlogs
11,623
16,168
15,666
-
4,043
34.8%
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Nissei ASB Machine Co. Ltd. published this content on 09 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2023 08:53:01 UTC.
NISSEI ASB MACHINE CO., LTD. is a Japan-based company engaged in the manufacture and sale of stretch blow molding machines. The Company mainly manufactures and sells stretch blow molding machines for polyethylene terephthalate (PET) bottles and other plastic bottles, as well as related special molds, auxiliary equipment and parts. The Company operates through five segments: Americas, Europe, South and West Asia, East Asia and Japan.