Strengthening Sales in Asia and Global Expansion of the Medical Business

「In Asia, including India, IKEGAMI TSUSHINKI will continue to provide high-quality, highly reliable products and comprehensive support as a partner to customers working to improve the quality of medical care.」

「Overseas, deliveries to new OEM customers expanded in North America through large medical camera projects. In China, sales of medical monitors increased, but medical camera sales declined due to the impact of the economic stagnation in China and inventory adjustments by OEM customers throughout the year. As a result, revenue for the industrial systems business as a whole fell below the same period of the previous year.」

「In the medical business, we will continue efforts to expand our overseas OEM business for endoscope and microscope cameras and acquire new OEM customers, while promoting initiatives aimed at growth in new fields entered last year.」

「Medical camera sales also increased substantially because deliveries were made under a large project for a new OEM customer, resulting in revenue exceeding the same period of the previous year. In Europe, deliveries of medical cameras declined due to sluggish sales by existing OEM customers and customer project postponements by new OEM customers. In Asia, broadcast camera sales increased substantially in East and Southeast Asia due to deliveries under large projects for broadcasters and government agencies. However, revenue fell below the same period of the previous year because deliveries of some outstanding medical camera orders in China continued to be postponed.」

「Overseas, the continuation throughout the year of the anti-corruption campaign and the economic slowdown in China, a key market for the medical business, as well as the outlook for future tariffs with the United States, significantly affected the business decisions of Chinese medical-device manufacturers. As a result, sales fell substantially below expectations, causing revenue for the industrial systems business as a whole to fall below the same period of the previous year.」

「To ensure the safety and quality of medical devices, we have been working to comply with IEC62304, the medical-device software life-cycle standard, in addition to ISO13485, the quality management system standard for medical devices, for which we have already obtained certification. Going forward, compliance with this standard will support stronger sales in the United States and Europe.」

「In Asia, sales fell below the same period of the previous year because sales of broadcast cameras and monitors remained sluggish and medical camera sales in China, which had increased substantially in the same period of the previous year, fell sharply short of expectations. This reflected particularly slow growth in the Chinese economy and the continuing anti-corruption campaign in China.」

「In Asia, medical camera sales volumes increased from the second quarter, reflecting expanded business and higher production in the Chinese market. Sales of 4K cameras also grew in Vietnam, resulting in revenue substantially exceeding the same-period prior-year level.」

「In Asia, sales of medical cameras increased substantially from the first quarter, helped by higher transaction volumes in the Chinese market and increased production resulting from the securing of hard-to-source components. This contributed to revenue substantially exceeding the same-period prior-year level.」

「In Asia, revenue substantially exceeded the same period of the previous year, helped by continued strong growth in sales of medical cameras and monitors in China.」

「In Asia, broadcast camera system sales were slightly below the same period of the previous year, but revenue exceeded the prior-year level because sales of medical cameras in China increased substantially, continuing the trend seen in the second quarter.」

「In Asia, broadcast camera system sales fell below the same period of the previous year, but revenue exceeded the prior-year level because sales of medical cameras in China increased substantially, continuing the trend seen in the first quarter.」

「In Asia, sales continued to grow from the previous fiscal year, mainly for medical cameras and monitors in China. However, sales revenue was slightly below the same period of the previous year because broadcast camera system sales did not grow as much as they had in the same period of the previous year.」

「In Asia, sales of medical cameras and monitors in China continued to grow from the previous fiscal year, while broadcast camera system sales were at about the same level as in the same period of the previous year. However, demand in Southeast Asia for wireless transmission equipment and inspection equipment, which had increased sales in the same period of the previous year, failed to grow, partly due to the impact of COVID-19, resulting in a slight decline in revenue.」

「In Asia, sales of medical cameras and monitors in China continued to grow from the previous fiscal year, mainly through OEM sales. However, sales revenue was slightly below the same period of the previous year because broadcast camera system sales in Southeast Asia remained sluggish, partly due to the resurgence of COVID-19 infections.」

「Overseas, sales of broadcast camera systems in North America exceeded the level of the same period of the previous year, while sales of broadcast camera systems, medical cameras and monitors in Europe also remained firm. In Asia, sales exceeded the level of the same period of the previous year because sales of medical cameras and monitors in China continued to grow, mainly through OEM sales, as in the previous fiscal year.」

「To expand the MS business, we will further develop our OEM operations in the Chinese and EU markets, where sales increased significantly during the current fiscal year, and accelerate business development in the North American market, based in San Jose, which has been delayed by the COVID-19 pandemic.」

「In Asia, revenue increased substantially, mainly because the medical business in the Chinese market remained strong.」

「During the second quarter of the fiscal year, overseas sales declined slightly in Europe, while sales in Asia increased, supported by firm OEM sales of medical cameras in the Chinese market. However, sales declined sharply in North America, particularly because the slowdown in economic activity caused by COVID-19 had a significant impact. As in the first quarter, customer capital investment did not proceed as planned in either the core broadcast or medical markets, and restrictions on sales activities themselves continued.」

「For the first quarter of the current fiscal year, overseas sales increased in Europe and Asia, excluding North America. In Japan, sales of broadcast studio systems increased as deliveries of subsystem equipment to broadcasters progressed smoothly. However, deliveries of outside broadcast vehicle systems, which had driven substantial sales growth in the same period of the previous year, reached a lull, resulting in a significant decline in sales revenue and lower revenue from the broadcast systems business. In the industrial systems business, inspection equipment sales exceeded those of the same period of the previous year. However, in the medical business, sales of medical cameras and monitors remained sluggish because investment was prioritized for measures addressing COVID-19. Sales revenue also declined in the security business, as surveillance camera system sales did not grow as much as in the same period of the previous year.」

「Beyond selling standalone cameras, the company supplies platforms, hardware and various built-in modules on an OEM basis to medical-device manufacturers worldwide, where they have been well received.」

「In Asia, sales of medical cameras and monitors, mainly through OEM channels, remained solid in China, where advanced medical care is becoming more widespread. However, sales declined as broadcast camera system sales remained sluggish in South Korea and Southeast Asia. In North America, sales of medical cameras and monitors in the medical market exceeded the same period of the previous year, but sales revenue fell below the prior-year level because customer project postponements in the broadcast market had a significant impact on broadcast camera system sales, which remained sluggish.」

「Overseas, sales increased in Europe as sales of broadcast camera systems progressed steadily, while sales in Asia declined slightly and sales in North America also declined.」

「Overseas, sales in Europe were slightly below the level of the same period of the previous year because of lower sales of broadcast cameras. In North America, sales exceeded the level of the same period of the previous year as sales of broadcast cameras and monitors remained firm, while sales of broadcast cameras, medical cameras and monitors also increased in Asia.」

「Overseas, excluding Asia, sales in North America and Europe declined, while」

「In Asia, sales of broadcast cameras and monitors in China and South Korea fell substantially. Sales of medical cameras and monitors in China, which had remained strong through the third quarter, also slowed in the fourth quarter, resulting in sales below those of the same period of the previous year.」

「In Asia, sales of medical cameras and monitors in China increased, continuing the trend from the second quarter, while sales of tablet inspection equipment, medical cameras and monitors also grew in Southeast Asia. However, sales in the region declined because sales of broadcast cameras and monitors in China and South Korea fell substantially.」

「In Asia, sales of medical cameras and monitors in China increased, continuing the trend from the first quarter, while sales of tablet inspection equipment, medical cameras and monitors also grew in Southeast Asia. However, sales in the region declined because sales of broadcast cameras and monitors in China and South Korea fell substantially.」

「Strengthening overseas expansion of OEM sales in the Medical market, and developing and supplying glocalized products that address the needs of each market and region」

「In North America, sales of medical cameras were beginning to gain traction, but revenue declined because sales of broadcast camera systems remained sluggish as the situation surrounding delays to equipment plans in the broadcasting market, which accounts for a high proportion of sales, failed to improve, following the second quarter. In Europe, sales of broadcast camera systems, including those for the Middle East, remained firm, but sales of medical cameras and monitors, which had grown in the same period of the previous year, remained at normal levels following the second quarter, leaving revenue slightly below the same period of the previous year. In Asia, revenue exceeded the same period of the previous year as sales of broadcasting equipment, including broadcast cameras, increased in China and South Korea.」

「In Asia, sales of broadcasting equipment, including broadcast cameras, increased in China and South Korea. However, sales of medical cameras in China, which had grown in the same period of the previous year, and sales of broadcast cameras and monitors in Southeast Asia declined due in part to capital investment plans being pushed back to the second half, resulting in lower sales.」

「Overseas, sales of broadcast camera systems in North America remained firm, while sales of medical cameras and monitors also performed well, driving higher sales. In Europe, sales of broadcast camera systems remained strong, but sales of medical cameras and monitors, which had increased in the same period of the previous year, were at normal levels, resulting in lower sales. In Asia, sales of broadcast cameras remained firm in South Korea and China, but sales of medical cameras, which had increased in China in the same period of the previous year, declined, while lower sales of broadcast cameras and monitors in Southeast Asia also affected results, leading to lower sales.」

「We will strengthen sales in Asia, pursue further expansion of the Broadcasting Systems business, and promote the global expansion of the Industrial Systems business, while developing strategic products suited to local markets to increase sales and profit. In particular, to make the MS business a pillar of our global operations, we will promote entry into new fields in addition to our existing fields.」