Project-by-Project Cost Control and Miscellaneous Expense Reduction

「Operating profit increased by ¥325 million to ¥949 million, up 52.2% from the previous fiscal year. This was mainly due to an increase in gross profit from process improvements and the development of new suppliers, partly offset by higher SG&A expenses resulting from wage increases and other factors.」

「As a result of pursuing cost-cutting measures, including a review of the procurement system, an issue under the medium-term management plan, operating profit was ¥505 million, up 19.3% year on year.」

「In the previous consolidated fiscal year, sales were concentrated from the third-quarter consolidated accounting period onward. In the current consolidated fiscal year, delivery deadlines were not concentrated in any particular quarter. During the six-month period ended the second quarter, sales of press equipment for forming copper-clad laminates and multilayer substrates, press equipment for automotive parts, and material-handling machinery progressed smoothly as planned, resulting in sales of ¥3,246 million, up 52.5% year on year, representing 55.4% progress against the full-year sales plan for this segment. On the profit side, in addition to the increase in sales, efforts to reduce manufacturing costs contributed to operating profit of ¥446 million, up 142.9% year on year.」

「Operating profit increased by ¥222 million to ¥735 million, up 43.5% from the previous fiscal year. This was mainly due to strong sales, higher production efficiency as factory utilization remained high, and the pursuit of cost-cutting measures, including a review of the procurement system.」

「Although the Company worked to address rising steel prices and longer lead times for procured components by holding inventory of certain standard products and placing early orders when receiving orders, raw material prices rose more than expected for some projects, resulting in」

「To address rising steel prices and longer lead times for procured components, we worked to shorten delivery times and reduce costs by holding inventory of certain standard products and placing early orders when receiving orders.」

「To address rising steel prices and longer lead times for procured components, we placed advance orders when receiving orders and worked to shorten delivery times and reduce costs.」

「To address rising steel prices and shortages of electrical components that have continued since last year, we placed advance orders when receiving orders and worked to shorten delivery times and reduce costs.」

「Operating profit increased by ¥60 million to ¥541 million, up 12.5% from the previous fiscal year. This was mainly due to proactive efforts to implement one of the key initiatives of the medium-term management plan, namely, "Improving profitability through rigorous process management and cost reduction," as well as lower SG&A expenses and other factors.」

「In the current consolidated fiscal year, sales from large-scale projects were concentrated in the second-quarter consolidated accounting period, and rigorous cost management and lower SG&A expenses resulted in sales of ¥3,946 million, up 59.3% year on year, and operating profit of ¥492 million, up 51.4% year on year.」

「In the previous consolidated fiscal year, sales were concentrated from the third-quarter consolidated accounting period onward. In the current consolidated fiscal year, sales from large-scale projects were concentrated in the second-quarter consolidated accounting period, and rigorous cost management and lower SG&A expenses resulted in sales of ¥2,970 million, up 105.3% year on year, and operating profit of ¥365 million, up 126.5% year on year.」

「Under these circumstances, based on the medium-term management plan, "Challenge to Innovation and Creation: Toward a KITAGAWA that Continues to Shine through Originality," which entered its final year, the Group continued to pursue 3 key initiatives: "Proactively expanding our proprietary core technologies into new fields and markets," "Improving profitability, competitiveness and product/service quality through rigorous process management and cost reduction," and "Building a vibrant, strong organization full of creativity and autonomy that supports continued growth."」

「While securing a diverse range of orders for press equipment for forming copper-clad laminates and multilayer circuit boards, automotive parts production lines, and press equipment for resin moulding, the Group continued to thoroughly implement process management and cost reduction initiatives. As a result, net sales were ¥2,477 million, down 3.2% year on year, and operating profit was ¥325 million, up 28.5%.」

「Under these circumstances, based on the medium-term management plan, "Challenge to Innovation and Creation: Toward a KITAGAWA that Continues to Shine through Originality," which entered its second year, the Group continued to pursue 3 key initiatives: "Proactively expanding our proprietary core technologies into new fields and markets," "Improving profitability, competitiveness and product/service quality through rigorous process management and cost reduction," and "Building a vibrant, strong organization full of creativity and autonomy that supports continued growth."」

「Under these circumstances, based on the medium-term management plan, "Challenge to Innovation and Creation: Toward a KITAGAWA that Continues to Shine through Originality," which entered its second year, the Group continued to pursue 3 key initiatives: "Proactively expanding our proprietary core technologies into new fields and markets," "Improving profitability, competitiveness and product/service quality through rigorous process management and cost reduction," and "Building a vibrant, strong organization full of creativity and autonomy that supports continued growth."」

「Operating profit increased by ¥95 million to ¥576 million, up 19.8% from the previous fiscal year. This was mainly due to the Company's proactive efforts to implement one of the key initiatives of its medium-term management plan, namely, "Improving profitability through rigorous process management and cost reduction."」

「While securing a diverse range of orders for press equipment for printed circuit boards and related applications, press equipment for forming automotive circuit boards and other products, equipment for manufacturing automotive parts, and resin moulding equipment, the Group continued to thoroughly implement process management and cost reduction initiatives. As a result, net sales were ¥2,558 million, up 2.0% year on year, and operating profit was ¥253 million, up 16.7%.」

「Improving profitability, competitiveness and product/service quality through rigorous process management and cost reduction」

「Improving profitability, competitiveness and product/service quality through rigorous process management and cost reduction」

「Amid strong orders for domestic plywood press machinery, numerous high-margin sales also contributed to an increase in overall profit. In addition, improvements in profit margins from higher factory utilization and the conversion of a subcontractor into a subsidiary, together with the effects of reduced SG&A expenses, resulted in sales of ¥1,255 million, up 25.5% from the previous fiscal year, and operating profit of ¥215 million, up 312.2%.」

「As in the previous consolidated fiscal year, sales of plywood presses and plywood machinery to building-materials-related companies were concentrated in the fourth-quarter consolidated accounting period. Improvements in gross margin and reductions in SG&A expenses resulted in sales of ¥529 million, up 4.0% year on year, and operating profit of ¥44 million, compared with an operating loss of ¥37 million in the same quarter of the previous year.」

「Sales to major customers of hydraulic equipment temporarily declined, but efforts to reduce expenses and other measures resulted in sales of ¥60 million, down 29.1% year on year, and operating profit of ¥7 million, up 16.3% year on year.」

「Through cost reductions and rigorous profitability management, we achieved improvements in profitability and price competitiveness.」

「In addition, we continued efforts to enforce cost management and reduce expenses.」

「In addition, we continued efforts to enforce cost management and reduce expenses.」

「To this end, the Group has actively pursued the development of high-quality, high-value-added products, strengthened sales of its core products, managed costs on a project-by-project basis, and reduced various expenses.」