The business segments are as follows:
Furniture Businesses: FN
Business Supply Distribution: BS
Stationery Businesses: ST
Interior Retail Businesses: IR
Unless otherwise indicated, monetary figures are rounded down to the nearest hundred million yen. As such, the sum of the figures in a breakdown may not match the stated total.
Performance was generally in line with expectations. We posted revenue and profit growth.
Furniture businesses: In Japan, we capitalized on brisk office demand. Overseas, the company we acquired last year started contributing to consolidated earnings.
Stationery businesses: Overseas expansion accelerated with strong order growth in the Indian stationery business.
Net income remained high, although it was down YoY because of last year's recorded of gain on sales of securities.
[Full-Year FY2023 Forecasts]
Forecasts remain unchanged from the initial forecasts, announced on February 13, 2023.
To ensure progress toward our medium-term goals in the second year of the third medium-term plan, we will accelerate our strategy for full-scaleglobal expansion, adding to the contribution of the acquired company to full-year consolidated earnings.
Net income will decrease relative to the all-time high in FY2022, when we recorded gain on sales of investment securities.
For the dividend, we will pay 58 yen per share (payout ratio of 42.9%) in accordance with our policy of paying a higher amount than the previous year with a payout ratio of at least 40%.
[Topics and Trends]
Brand strategy: We launched a series of TV ads to communicate our purpose: Presenting a tomorrow you can't wait for.
Nurturing Business Ideas for New Needs: We launched Hello! Family.
Kokuyo Co. Ltd. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 23:09:03 UTC.
KOKUYO CO., LTD. is a Japan-based manufacturing company primarily offering stationery and furniture products. The Company operates in three segments. The Stationery-related segment manufactures, purchases and sells stationery products and business supplies. The Furniture-related segment manufactures, purchases and sells office furniture, space design and consultation business. The Mail-order and Retail segment is engaged in the mail-order sales of office products and the sale of interiors and household goods.
KOKUYO CO., LTD. 
