Star Micronics : Financial Results for the FY2024 First Quarter(906KB)

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