Profit decline in the Distribution Equipment Systems Division due to failure to secure large, high-margin projects

「As replacement demand for banknote recognition equipment associated with the issuance of the new banknotes came to an end, revenue was ¥2,595 million, down 56.5% year on year, and segment profit was ¥64 million, down 95.7% year on year.」

「As demand for equipment upgrades associated with the issuance of new banknotes subsided, revenue declined to ¥2,595 million, down 56.5% year on year, and segment profit declined to ¥64 million, down 95.7%.」

「Although replacement demand for banknote recognition equipment associated with the issuance of the new banknotes came to an end and sales of the core ticket vending machines remained sluggish, sales of general-purpose vending machines and services performed steadily. As a result, revenue was ¥1,397 million, down 56.0% year on year, and segment profit was ¥45 million, down 94.5% year on year.」

「In line with the issuance of the new banknotes, sales of banknote recognition equipment replacements, ticket vending machines and general-purpose vending machines performed well. As a result, revenue was ¥3,175 million, up 142.1% year on year, and segment profit was ¥833 million, up 800.7% year on year.」

「Ticket vending machines and general-purpose machines compatible with the new banknotes to be issued in July 2024 performed steadily, while general-purpose machines for the trading card market also performed well. As a result, segment revenue was ¥2,159 million, up 29.8% year on year, and segment profit was ¥236 million, up 416.9% year on year.」

「Ticket vending machines and general-purpose machines compatible with the new banknotes scheduled for issuance in 2024 performed steadily, while general-purpose machines for the trading card market also performed well. As a result, segment revenue was ¥1,311 million, up 14.3% year on year, and segment profit was ¥92 million, up 163.7% year on year.」

「Market conditions gradually recovered from the impact of COVID-19, and sales of the core ticket vending machines recovered to almost pre-pandemic levels. General-purpose machines also performed steadily, resulting in higher revenue and profit. As a result, segment revenue was ¥1,663 million, up 14.0% year on year, and segment profit was ¥45 million, compared with a segment loss of ¥16 million in the same period of the previous year.」

「Market conditions gradually recovered from the impact of COVID-19. Although the core ticket vending machines were affected by component shortages, general-purpose machines performed steadily, resulting in higher revenue and profit overall. As a result, segment revenue was ¥1,147 million, up 14.2% year on year, and segment profit was ¥35 million, up 175.1% year on year.」

「Market conditions gradually recovered from the impact of COVID-19, and the segment entered a recovery trend centered on the core ticket vending machines. As a result, segment revenue was ¥544 million, up 45.7% year on year, and segment profit was ¥6 million, compared with a segment loss of ¥74 million in the same period of the previous year.」

「Although the impact of COVID-19 continued, the consolidated third quarter accounting period was on a recovery trend. Higher sales of ticket vending machines, general-purpose machines and services resulted in revenue of ¥1,459 million, up 18.5% year on year, and a segment loss of ¥16 million, compared with a segment loss of ¥117 million in the same period of the previous year.」

「Although the impact of COVID-19 continued and ticket vending machine sales remained sluggish, higher sales of general-purpose machines resulted in revenue of ¥1,004 million, up 20.4% year on year, and segment profit of ¥12 million, compared with a segment loss of ¥68 million in the same period of the previous year.」

「General-purpose machines performed steadily, but sales of the core ticket vending machines remained sluggish as the impact of COVID-19 continued. As a result, segment revenue was ¥373 million, up 25.5% year on year, and the segment loss was ¥74 million, compared with a segment loss of ¥116 million in the same period of the previous year.」

「The impact of COVID-19 continued. Although ticket vending machine sales were recovering, overall sales remained sluggish, resulting in a segment loss. As a result, segment revenue was ¥1,231 million, down 17.4% year on year, and the segment loss was ¥117 million, compared with a segment loss of ¥128 million in the same period of the previous year.」

「The impact of COVID-19 continued. Although ticket vending machine sales recovered somewhat after bottoming out, overall sales remained sluggish, resulting in a segment loss. As a result, segment revenue was ¥833 million, down 23.1% year on year, and the segment loss was ¥68 million, compared with a segment loss of ¥27 million in the same period of the previous year.」

「Although general-purpose machine sales remained firm due to the acquisition of a large order despite the impact of COVID-19, sales of the core ticket vending machines were affected, and total segment revenue declined significantly. As a result, segment revenue was ¥297 million, down 37.0% year on year, and the segment loss was ¥116 million, compared with a segment loss of ¥58 million in the same period of the previous year.」

「Sales of ticket vending machines and contract development grew, increasing total segment revenue. However, segment profit declined due to changes in the product mix and sluggish service sales. As a result, segment revenue was ¥2,250 million, up 7.5% year on year, and segment profit was ¥2 million, down 78.7% year on year.」

「Although sales of ticket vending machines, general-purpose machines and services remained sluggish, contract development sales grew, increasing total segment revenue. However, the segment posted a loss due to factors including changes in the sales mix and higher development costs. As a result, segment revenue was ¥1,490 million, up 3.1% year on year, and the segment loss was ¥128 million, compared with a segment loss of ¥51 million in the same period of the previous year.」

「Sales of separate-type machines, general-purpose machines and services increased, raising sales for the segment as a whole, but the segment posted a loss due to higher development costs, changes in the product mix and other factors. As a result, segment revenue was ¥1,084 million, up 7.1% year on year, and the segment loss was ¥27 million, compared with segment profit of ¥4 million in the same period of the previous year.」

「Sales of general-purpose machines increased, but sales of the core ticket vending machines and services struggled, resulting in lower sales for the segment as a whole and a segment loss. As a result, segment revenue was ¥472 million, down 4.2% year on year, and the segment loss was ¥58 million, compared with a segment loss of ¥47 million in the same period of the previous year.」

「Segment profit declined due to changes in the product mix, higher development costs and other factors.」

「Sales remained solid, led by the core ticket vending machines, but segment profit declined due in part to the failure to secure large, high-margin projects. As a result, segment revenue was ¥1,446 million, up 0.6% year on year, while the segment posted a loss of ¥51 million, compared with segment profit of ¥3 million in the same period of the previous year.」

「Sales of the core ticket vending machines remained solid, but sales of general-purpose machines and card equipment struggled, resulting in lower sales for the segment as a whole. Segment profit also declined, mainly because the Company failed to secure large, high-margin projects. As a result, segment revenue was ¥1,011 million, down 3.8% year on year, and segment profit was ¥4 million, down 90.7% year on year.」