Sales and profit increased, reflecting sales growth in the mainstay Watches segment.
Ordinary profit climbed 39% year on year, partly due to the posting of foreign exchange gains.
Profit attributable to owners of parent rose 28% year on year.
FY 2022 Forecasts
Upward revisions have been made in consideration of the better-than-expected results in the first half.
Forecasts for the second half reflect growing uncertainty about consumption trends, as well as rising costs.
Net sales: 303.0 billion yen (Change from previous forecast: +9.5 billion yen)
Operating profit: 23.0 billion yen (Change from previous forecast: +0.5 billion yen)
Ordinary profit: 27.5 billion yen (Change from previous forecast: +1.5 billion yen)
Profit attributable to owners of parent: 20.0 billion yen (Change from previous forecast: +1.0 billion yen)
Dividends Forecasts
Change from previous forecast: up 4 yen per share Full year: 34 yen (interim: 15 yen, year-end: 19 yen)
3
Financial Results for 1H (Apr-Sep) of FY 2022
FY2021
FY2022
YoY Change
（Unit︓billion yen)
1H Result
1H Result
Amount
％
Net sales
135.7
147.6
+11.9
＋8.8%
Operating profit
10.6
12.3
+1.6
＋15.6%
Operating margin
7.9%
8.4%
-
-
Ordinary Profit
12.0
16.8
+4.7
＋39.1%
Profit attributable to owners
9.8
12.6
+2.7
＋28.1%
of parent
Exchange rate
¥110/USD
¥131/USD
-
-
¥131/EUR
¥138/EUR
4
Result by Business Segments for 1H (Apr-Sep) of FY 2022
Net sales
FY2021
FY2022
YoY change
（Unit: billion yen）
1H Result
1H Result
Amount
％
■ Watches
62.0
73.3
+11.3
+18.2%
■ Machine Tools
38.3
40.9
+2.5
+6.8%
■ Devices and Components
25.5
22.9
▲ 2.6
▲10.3%
■ Electronic and Other Products
9.8
10.4
+0.6
+6.8%
Consolidated Total
135.7
147.6
+11.9
+8.8%
Operating Profit
(Unit: billion yen, %:operating margin)
■ Watches
4.8
8.8
+3.9
+82.0%
(7.8%)
(12.0%)
■ Machine Tools
5.8
5.5
▲ 0.3
▲6.1%
(15.4%)
(13.5%)
■ Devices and Components
1.5
0.0
▲ 1.5
▲98.5%
(6.0%)
(0.1%)
■ Electronic and Other Products
0.7
0.7
+0.0
+0.3%
(7.6%)
(7.1%)
Eliminations or general corporate
▲ 2.3
▲ 2.7
▲ 0.4
-
Consolidated Total
10.6
12.3
+1.6
+15.6%
(7.9%)
(8.4%)
5
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Citizen Watch Co. Ltd. published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2022 06:11:26 UTC.
Citizen Watch Co., Ltd. is one of the world's largest watch manufacturers. Net sales break down by family of products as follows:
- watches and clocks (50.9%);
- industrial machines (21%): digital control lathes, machine tools, industrial robots, etc.;
- electronic devices (20.1%): electroluminescent diode microchips, quartz oscillators, electronic viewfinders, etc.;
- electronic equipment (6%): electronic thermometers, calculators, printers, medical equipment, etc.;
- other (2%): jewels, automotive components, etc.
CITIZEN WATCH CO., LTD. 
