Financial Results for the FY2024
First Quarter
https://www.star-m.jp Code 7718
May 14, 2024
- The projections in this document are based on information available at the time of release of this report and certain assumptions the Company considers reasonable.
- The Company does not promise that these projections will be achieved. Actual results may differ materially from projections due to a variety of factors.
Contents
Financial Results for the FY2024 First Quarter
■
■
■
■
Overview of the FY2024 First Quarter | P.2 |
Consolidated Operating Results | P.3 |
Quarterly Information (Net Sales) | P.4 |
Segment Overview | |
Special Products | P.5 |
Machine Tools | P.6 |
Reference
■
■
Trends in Quarterly Machine Tool Orders | P.8 |
Business Segments and Products | P.9 |
1
Overview of the FY2024 First Quarter
Substantial decreases in
Sales and Profits Year on Year
■ Net Sales | ¥13.92 | billion | 34.1% | down YoY |
■ Operating Income | ¥0.77 | billion | 81.1% | down YoY |
■ Ordinary Income | ¥0.99 | billion | 76.9% | down YoY |
■ Net Income Attributable | ¥0.62 | billion | 80.3% | down YoY |
to Owners of Parent |
- Sales and profits decreased substantially in Special Products Segment mainly due to sluggish mPOS demand.
- Sales and profits of Group's mainstay Machine Tools Segment decreased substantially owing to sluggishness in the U.S. and European markets despite the impact of yen's depreciation.
2
Consolidated Operating Results
(Millions of Yen)
FY12/2023 | FY12/2024 | |||||||||||
1Q Actual | 2Q Actual | 3Q Actual | 4Q Actual | 1Q Actual | Change | |||||||
Income | Income | Income | Income | Income | (%) | |||||||
YoY | ||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | Amount | Ratio | |||
(%) | (%) | (%) | (%) | (%) | ||||||||
Sales | Special Products | 4,822 | 4,160 | 3,864 | 3,264 | 3,346 | (30.6) | |||||
Machine Tools | 16,294 | 17,649 | 13,977 | 14,163 | 10,573 | (35.1) | ||||||
Total | 21,116 | 21,809 | 17,841 | 17,428 | 13,920 | (34.1) | ||||||
Operating Income | Special Products | 1,227 | 25.5 | 474 | 11.4 | 473 | 12.3 | (222) | ー | 207 | 6.2 | (83.1) |
Machine Tools | 3,405 | 20.9 | 3,278 | 18.6 | 2,252 | 16.1 | 1,412 | 10.0 | 1,090 | 10.3 | (68.0) | |
Eliminations or Corporate | (526) | (479) | (447) | (498) | (522) | |||||||
Total | 4,106 | 19.4 | 3,273 | 15.0 | 2,278 | 12.8 | 692 | 4.0 | 775 | 5.6 | (81.1) | |
Ordinary Income | 4,324 | 20.5 | 3,289 | 15.1 | 2,460 | 13.8 | 885 | 5.1 | 999 | 7.2 | (76.9) | |
Net Income Attributable to Owners of Parent | 3,174 | 15.0 | 2,064 | 9.5 | 1,826 | 10.2 | 1,110 | 6.4 | 626 | 4.5 | (80.3) | |
US$ | ¥132.32 | ¥148.60 | ||||||||||
Exchange Rate | EUR | ¥142.07 | ¥161.30 | |||||||||
GBP | ¥160.85 | ¥188.47 |
3
Quarterly Information (Net Sales)
Net Sales
(Millions of Yen)
25,710
Special Products Machine Tools
25,000
20,000
15,000
10,000
5,000
0
21,712 | 22,405 | 21,809 | ||
21,116 | ||||
17,539 | 17,841 | 17,428 | ||
19,668 | ||||
17,393 | 18,449 | 16,294 | 17,649 | 13,920 |
13,896 | 13,977 | 14,163 | ||
10,573 |
4,318 | 3,955 | 6,041 | 4,822 | 4,160 | ||||
3,643 | 3,864 | 3,264 | 3,346 | |||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q |
FY12/2022 | FY12/2023 | FY12/2024 | ||||||
4
Special Products
Sales
(Millions of Yen)
Sales Volume
- Thousand Units )
America
Europe
Asia
Domestic
6,000 | 4,822 | |||||
5,000 | 4,160 | 3,864 | ||||
4,000 | ||||||
2,822 | 3,264 | 3,346 | ||||
3,000 | 2,594 | 1,914 | 1,177 | 1,378 | ||
2,000 | 782 | 1,023 | 1,042 | |||
1,266 | 651 | |||||
1,000 | ||||||
302 | 285 | |||||
255 | 151 | |||||
304 | ||||||
658 | 864 | 776 | 773 | |||
0 | 429 | |||||
1Q | 2Q | 3Q | 4Q | 1Q | ||
FY12/2023 | FY12/2024 |
200
161
150
100 | 112 | 103 | |||||
100 | |||||||
81 | 78 | ||||||
54 | |||||||
72 | 28 | ||||||
28 | |||||||
50 | |||||||
37 | 22 | 28 | 30 | ||||
17 | |||||||
11 | 9 | ||||||
11 | 9 | 6 | |||||
15 | |||||||
0 | 11 | 11 | 14 | 12 | |||
1Q | 2Q | 3Q | 4Q | 1Q | |||
FY12/2023 | FY12/2024 |
・In the US market, sales decreased significantly due to sluggish mPOS demand. ・In the European market, sales decreased in line with lower demand.
・In the domestic market, despite steady market conditions, sales increased significantly mainly reflecting contributions from Smart Solution Technology, Inc., which was newly consolidated in the second quarter of fiscal 2023.
5
Machine Tools
(Millions of Yen) | Sales | |||
20,000 | 17,649 | |||
16,294 | ||||
16,000 | 3,775 | 14,163 | ||
4,395 | 13,997 | |||
12,000 | 3,354 | 3,083 | ||
10,573 | ||||
- Unit )
1,200
1,002
900 118
266
Sales Volume | ||
1,112 | ||
91 | ||
889 | ||
340 | 62 | |
724 | 187 | |
72 | ||
America
Europe
Asia
Domestic
761
39
88
7,901 | 2,176 | |||||
6,466 | ||||||
8,000 | 5,414 | |||||
6,732 | 3,176 | |||||
4,000 | 4,408 | 4,069 | ||||
4,021 | 2,865 | 4,309 | ||||
600
300
525
234 | |
587 | 540 |
363 |
592
0 | 1,410 | 1,564 | 1,025 | 1,595 | 912 |
0
93
94 | 55 | 100 |
42
1Q | 2Q | 3Q | 4Q | 1Q |
FY12/2023 | FY12/2024 |
1Q | 2Q | 3Q | 4Q | 1Q |
FY12/2023FY12/2024
・Sales in the U.S. decreased significantly owing to soft market conditions amid prolonged interest rate hikes there.
・Sales in the European market decreased significantly due to ongoing weakness in overall demand in the market.
・In the Asian market, sales increased due to a gradual turnaround in market conditions, particularly in China.
・In the domestic market, sales | decreased significantly amid lackluster performance as a whole, particularly in the |
automotive sector. | 6 |
Reference
Trends in Quarterly Machine Tool Orders
(Ordered Unit) | America |
Europe | |
(Units) | Asia |
Domestic |
1,600
1,400 | |||||||||||||
1,200 | |||||||||||||
1,000 | |||||||||||||
800 | |||||||||||||
600 | |||||||||||||
400 | |||||||||||||
200 | |||||||||||||
0 | |||||||||||||
1-3 | 4-6 | 7-9 | 10-12 | 1-3 | 4-6 | 7-9 | 10-12 | 1-3 | |||||
2022 | 2023 | 2024 | |||||||||||
1-3 | 4-6 | 7-9 | 10-12 | 1-3 | 4-6 | 7-9 | 10-12 | 1-3 | |||||
America | 179 | 171 | 149 | 87 | 24 | 10 | 30 | 33 | 23 | ||||
Europe | 265 | 261 | 260 | 168 | 138 | 125 | 102 | 71 | 102 | ||||
Asia | 848 | 785 | 911 | 660 | 538 | 646 | 339 | 581 | 638 | ||||
Domestic | 118 | 133 | 106 | 104 | 83 | 74 | 94 | 62 | 58 | ||||
Total | 1,410 | 1,350 | 1,426 | 1,019 | 783 | 855 | 565 | 747 | 821 | ||||
8
Business Segments and Products
Special | Machine |
Products | Tools |
Cash Drawer and Receipt Printer mPOP
CNC Swiss Type Automatic Lathe
SD-26 type S
POS Printer | mC-Label series |
TSP100Ⅳ series |
SP-20
Contactless IC card Reader
PitTouch Pro3 series
CNC Swiss Type Automatic Lathe
SL-10
9
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Star Micronics Co. Ltd. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 06:12:09 UTC.