Financial results for the first six months of FY ending December 31, 2023
・Net sales were strong, primarily from renovation projects and office relocations.
・Improved profit margin due to the effect of increased revenues and greater value delivered resulted in higher-than-anticipated profit.
・First six months of FY ending December 31, 2023 Net sales: Record high, Operating profit: Highest profit (in 16 years)
Forecast for FY ending December 31, 2023
・Revised the full-year earnings forecast and dividends forecast together with the release of financial results for the first six months
・Based on our policy of return to shareholders, revised the forecasted dividends per share for FY ending December 31, 2023 upwards by ¥7, from ¥25 to ¥32
・Net sales were generally in line with the initial plan
・Revised the forecast for operating profit to ¥7.5 billion, exceeding the ¥6.5 billion target that was initially disclosed. Recorded highest profit in the last 33 fiscal years
・As priority initiatives in the second half, will focus on further strengthening investment in human capital, promoting DX, and increasing asset efficiency
・Currently formulating the new Medium-term Management Plan (scheduled for release in February 2024)
Itoki Corporation published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 06:17:02 UTC.
ITOKI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of office furniture. The Company operates in two business segments. The Office Related segment is engaged in the manufacture and sale of workstations, tables, desk accessories and other office desks, office chairs, meeting chairs, system storage furniture, lockers and other storage furniture. It also provides project management (PM) services, including the repair, assembly and construction of offices, maintenance services and relocation services, as well as the maintenance, rental and recycling of office furniture. The Equipment segment is engaged in the manufacture and sale of storage shelves, office security equipment, building partitions, logistics equipment, commercial equipment, research equipment, powder equipment and others, as well as the provision of building materials and interior works. The Company is also engaged in the provision of household furniture, and the development of software.
ITOKI CORPORATION 
