Expanding sales in growth markets in Asia, including Bangladesh and ASEAN

「In Asia, in Bangladesh, a production base for knitted products destined for developed markets, orders showed signs of recovery as the disruption caused by the large-scale anti-government demonstrations in July 2024 returned to normal, and unit sales of the highly productive N.SVR® and N.SSR® increased from the previous fiscal year. In the Chinese market, demand from major Hong Kong-based customers for equipment upgrades also remained firm, contributing to higher sales.」

「バングラデシュにおいて、2024年７月の大規模な反政府デモによる混乱の平常化にともない受注は回復基調となり、生産効率の高い「Ｎ.ＳＶＲ®」や「Ｎ.ＳＳＲ®」の販売台数が前期に比べて増加しました。」

「In Asia, in Bangladesh, a production base for knitted products destined for developed markets, orders showed signs of recovery as the disruption caused by the large-scale anti-government demonstrations in July 2024 returned to normal, and unit sales of the highly productive N.SVR® and N.SSR® increased from the previous fiscal year. In the Chinese market, demand from major Hong Kong-based customers for equipment upgrades also remained firm, contributing to higher sales.」

「In Asia, capital investment for domestic demand remained sluggish in the key Chinese market due to the delayed economic recovery. Although sales were concentrated on core models such as the highly productive N.SVR for production bases in Southeast Asia sold to major Hong Kong customers, total sales of flat knitting machines decreased. In Bangladesh, a production base for knitted products destined for developed markets, sales increased from the previous fiscal year, but large-scale anti-government demonstrations from mid-July caused production stoppages and disrupted supply chains, while delays in the timing of customers' capital investment caused unit sales to fall below expectations.」

「In Asia, capital investment for domestic demand remained sluggish in the key Chinese market due to the delayed economic recovery. Although sales were concentrated on core models such as the highly productive N.SVR for production bases in Southeast Asia sold to major Hong Kong customers, total sales of flat knitting machines decreased. In Bangladesh, a production base for knitted products destined for developed markets, weak consumption in the EU, a major export market, and production stoppages caused by large-scale anti-government demonstrations from mid-July disrupted supply chains and left the timing of customers' capital investment undecided, resulting in lower unit sales than in the previous fiscal year.」

「In Asia, in the key Chinese and Hong Kong markets, capital investment for domestic demand remained sluggish due to the delayed economic recovery. However, sales of core models, including the next-generation WHOLEGARMENT flat knitting machine SWG-XR through new investment by major Hong Kong-based customers and the highly productive N.SVR for production bases in Southeast Asia, increased. Meanwhile, in Bangladesh, a production base for knitted products destined for developed markets, capital investment stagnated due to political conditions and delays in opening letters of credit (L/Cs) caused by a foreign-currency shortage, and unit sales decreased.」

「Regarding conditions in our core flat knitting machine business, in Asia, capital investment for domestic demand remained sluggish in the key Chinese and Hong Kong markets due to the delayed economic recovery. However, sales of core models, including the next-generation WHOLEGARMENT flat knitting machine SWG-XR through new investment by major Hong Kong-based customers and the highly productive N.SVR for production bases in Southeast Asia, increased. Meanwhile, in Bangladesh, a production base for knitted products destined for developed markets, capital investment stagnated from the second half onward due to political conditions and delays in opening letters of credit (L/Cs) caused by a foreign-currency shortage.」

「In Asia, in the key Chinese and Hong Kong markets, capital investment for domestic demand remained sluggish due to the delayed economic recovery. However, total sales of flat knitting machines increased as new investment by major Hong Kong-based customers in the next-generation WHOLEGARMENT flat knitting machine SWG-XR and sales of the highly productive N.SVR for production bases in Southeast Asia grew. Sales also increased in Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, on the back of orders from major apparel companies.」

「Conditions in our core flat knitting machine business were as follows. In Asia, in the key Chinese and Hong Kong markets, unit sales of the WHOLEGARMENT flat knitting machine SWG-XR increased. In addition, demand from major Hong Kong-based customers for equipment upgrades at production bases in Southeast Asia supported steady sales of the highly productive N.SVR. Sales also increased in Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, on the back of orders from major apparel companies.」

「Meanwhile, demand from major Hong Kong-based customers for equipment upgrades at production bases in Southeast Asia increased, driving higher sales of the highly productive N.SVR. In Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, orders from major apparel companies showed signs of recovery, capital investment became more active and sales increased.」

「Meanwhile, demand from major Hong Kong-based customers for equipment upgrades at production bases in Southeast Asia increased, driving higher sales of the highly productive N.SVR. In Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, orders from major apparel companies showed signs of recovery, capital investment became more active and sales increased.」

「In Asia, in the key Chinese market, corporate activity and investment in production equipment stagnated due to the zero-COVID policy, including the Shanghai lockdown, and sales were sluggish, particularly for WHOLEGARMENT flat knitting machines. Meanwhile, in Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, orders from major apparel companies showed signs of recovery and sales increased.」

「In Asia, production activity and capital investment stagnated in the Chinese market as supply chains were disrupted by the zero-COVID policy, including the Shanghai lockdown, while sales to major Hong Kong-based customers increased, mainly of the highly productive N.SVR, amid rising demand for equipment upgrades. The trend was therefore mixed. In Bangladesh and elsewhere, which serve as production bases for knitted products destined for developed markets, orders from major apparel companies showed signs of recovery and sales increased.」

「Capital investment also showed signs of recovery in other Asian markets, leading to higher sales of computerised flat knitting machines.」

「Conditions in our core flat knitting machine business were as follows. In Asia, in the Chinese market, we pursued a shift from OEM production to manufacturing high-value-added products for the domestic apparel market, while efforts to automate production in response to rising labour costs and labour shortages gained momentum. Adoption of fine-gauge WHOLEGARMENT flat knitting machines equipped with four needle beds, which no other company offers, increased. Capital investment also showed signs of recovery in other Asian markets, leading to higher sales of computerised flat knitting machines.」

「Capital investment also showed signs of recovery in other Asian markets, leading to higher sales of computerised flat knitting machines.」

「In the Asian region, particularly in the Chinese and Hong Kong markets, efforts to shift from OEM production to a system focused on planning and proposing high-value-added products, as well as efforts to automate production in response to rising labour costs and labour shortages, gained momentum. Although adoption of WHOLEGARMENT flat knitting machines continued to expand, major knitwear manufacturers became more cautious about capital investment, and we were unable to increase unit sales. In Bangladesh, orders from overseas apparel companies increased from the third to the fourth quarter, and capital investment showed signs of recovery.」

「Capital investment across the global apparel industry was generally sluggish, and this did not lead to a recovery in net sales.」

「Sales remained sluggish in every region worldwide, and this did not lead to a recovery in net sales.」

「In the core flat knitting machine business, cautious investment sentiment did not improve during the third quarter of the current consolidated fiscal period, following the first half, particularly at OEM production factories in Asian regions such as China, Bangladesh and Vietnam, and sales of computerised flat knitting machines remained sluggish.」

「Against this backdrop, capital investment in mass-production computerised flat knitting machines was sluggish, mainly at OEM production factories in Asian regions such as China, Bangladesh and Vietnam, resulting in a substantial decline in net sales that exceeded our initial expectations. The decline in investment sentiment also affected investment in WHOLEGARMENT flat knitting machines, which had been expanding steadily in recent years, mainly in the Chinese market, resulting in a decrease in unit sales.」

「Capital investment in the core computerised flat knitting machines stagnated amid concerns that production of knitted apparel would decline, following deteriorating global business sentiment and efforts in the apparel industry to reduce its environmental impact.」

「Meanwhile, capital investment stagnated in Bangladesh, a mass-production base for apparel for developed markets, due to political conditions. Growing uncertainty over apparel production trends amid concerns about a global economic slowdown also led major Hong Kong knitwear manufacturers to take a cautious approach to capital investment in ASEAN countries, resulting in sluggish sales.」

「In the Group's core flat knitting machine business, production became more value-added in Asia, centered on the Chinese market, and adoption of WholeGarment knitting machines expanded. However, capital investment stagnated in Bangladesh, a production base for OEM apparel for developed markets, amid unstable domestic political conditions. Sales of computerised flat knitting machines for shoe-upper production also declined as competition intensified.」

「In the Group's core flat knitting machine business, efforts to enhance the added value of production progressed in Asia, centered on the Chinese market, and adoption of WholeGarment knitting machines expanded. However, capital investment stagnated in Bangladesh, a production base for OEM apparel for developed markets, amid unstable domestic political conditions. Sales of computerised flat knitting machines for shoe-upper production also declined as the competitive environment intensified.」

「In the Group's core flat knitting machine business, efforts to enhance the added value of production progressed in Asia, centered on the Chinese market, and adoption of WholeGarment knitting machines expanded. However, sales of core models such as SSR and SVR stagnated in Bangladesh and ASEAN countries, which are mass-production bases for knitwear for developed markets.」

「In the core Asian markets, capital investment in highly productive computerised flat knitting machines that shorten production lead times remained active throughout the year in Bangladesh and ASEAN countries, which are mass-production bases serving apparel manufacturers in developed countries. Sales of core models such as SSR and SVR increased steadily.」

「In the Group's core flat knitting machine business, sales of core models such as SSR and SVR increased steadily in response to strong demand for highly productive computerised flat knitting machines that shorten production lead times in Bangladesh and ASEAN countries, which are mass-production bases for knitwear for developed markets in Asia.」

「In the Group's core flat knitting machine business, adoption of highly productive computerised flat knitting machines that shorten production lead times remained strong in Bangladesh and ASEAN countries, which are mass-production bases for knitwear for developed markets in Asia. Sales of core models such as SSR and SVR increased steadily.」

「In the Group's core flat knitting machine business, adoption of highly productive computerised flat knitting machines that shorten production lead times progressed in Bangladesh and ASEAN countries, which serve as production bases for knitwear for developed markets in Asia. Sales of core models such as SSR and SVR increased steadily.」

「Sales in the core Asian markets increased as capital investment in highly productive computerised flat knitting machines remained active throughout the year in ASEAN countries and Bangladesh. Sales were led by the cost-effective SSR and the SVR, which enables even faster knitting.」

「In the Group's core flat knitting machine business, investment in upgrading and automating production equipment continued to expand steadily in mass-production markets in Asia, including Bangladesh and ASEAN countries, in response to demand for shorter delivery times from apparel manufacturers in developed countries. Sales increased substantially, centered on the cost-effective computerised flat knitting machine SSR and the SVR, which offers even higher production efficiency.」

「In Asia, capital investment in highly productive computerised flat knitting machines was active in Bangladesh and ASEAN countries in response to demand for shorter delivery times from apparel manufacturers in developed countries, resulting in higher sales of the SSR and SVR.」

「In Asia, the advantages of the Group's products, including the cost-effective SSR and the SVR, which offers even higher production efficiency, were highly evaluated in Bangladesh and ASEAN countries, where capital investment has expanded rapidly in recent years, resulting in higher sales.」