Noritsu Koki KK

Latest Results (06.08.2024):

Revenue Growth

Noritsu Koki KK reported a significant increase in consolidated revenue for the first half of FY12/2023, which ended on December 31, 2023. The company achieved a 24.5% year-on-year growth, bringing the total revenue to ¥91,552 million. This growth was primarily driven by the strong performance of the audio equipment/peripherals business.

Profit Performance

Despite a decline in net profit due to the absence of gains from the sale of shares recorded in the previous fiscal year, Noritsu Koki KK saw an increase in net profit when excluding this factor. The company's operating profit and net profit both exceeded initial forecasts, showcasing a robust financial performance for the first half of FY12/2023.

Audio Equipment/Peripherals Business

The audio equipment/peripherals segment of Noritsu Koki KK experienced a turnaround in FY12/2023. After struggling with parts procurement and logistics issues in the previous year, the business reported strong earnings as product supply normalized and new products were well-received by customers. This segment was a key contributor to the overall revenue growth.

Parts/Materials Business

In contrast, the parts/materials business of Noritsu Koki KK faced challenges during the first half of FY12/2023. Sales were sluggish in both domestic and overseas markets, and customers made production adjustments, leading to a decline in revenue and profits for this segment. However, the overall impact was mitigated by the strong performance of other business areas.

Medium-Term Management Plan

Noritsu Koki KK has raised its targets in the Medium-Term Management Plan FY25 after achieving them ahead of schedule. The company continues to focus on building positive relationships with shareholders and stakeholders through initiatives like the Integrated Report 2023 and the Group Business Briefing for Investors. These efforts aim to support the Group's vision of creating "No.1/Only 1" businesses and achieving new growth targets.