Roland : Presentation File,Second Quarter of the FY2023
August 09, 2023 at 02:07 am EDT
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Financial Results Highlights
FY12/2023 Q2
Aug 9, 2023
Roland Corporation
『Gigcaster 5』
Audio streaming Mixer
Executive Summary
Achieved 1H Operating Profit Forecast
1H Sales (Sell-in) fell short due to the prolonged dealer inventory adjustment
Sell-throughis generally steady; Dealer inventories are steadily declining
No change to the Full-year Forecast (increase in sales and profit), considering the recovery of sell-indue to the decrease in Dealer inventory, careful selection of expense execution and JPY depreciation vs. the plan, etc.
2
FY12/2023 Q2 Results
FY12/2023 Forecast (Full Year)
3 Supplemental Information
FY12/2023 Q2 Results
FY12/2023 Forecast (Full Year)
3 Supplemental Information
FY12/2023 Q2 Results
Highlights - First Half Results
Sales
46.0bn
（+7.2% vs Last year） （-5.5% vs Guidance）
Operating Profit
4.2bn
（-9.0% vs Last year） （+3.8% vs Guidance）
Net Income1
3.1bn
（-18.6% vs Last year） （+3.0% vs Guidance）
Sell-ingrowth was slow as Dealer inventory adjustment continued
Overall sell-through was steady
Effect of new consolidation of Drum Workshop (DW)
Volume decreased YoY due to Dealer inventory adjustments
Positive effects continued such as price optimization and reduction of marine transportation costs
SG&A expenses were properly controlled and the plan was achieved
No major extraordinary gains or losses
1 Net income refers to "net income attributable to owners of parent"
Roland Corporation published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 06:06:06 UTC.
Roland Corp is a Japan-based company mainly engaged in the electronic musical instrument business. The Company is engaged in the development, manufacture and sale of electronic musical instruments. The main products include electronic pianos, electronic drums, synthesizers, guitar related equipment, dance and disc jockey (DJ) related equipment, video related equipment, effectors, musical instrument amplifiers and others. The Company is also engaged in the development and sale of software products for music and media producers, the sale of headphone products, as well as the manufacture and sale of electronic organs.
ROLAND CORPORATION 
