Launch of New High-Value-Added, High-Performance Audio and Information Equipment Products

「In the high-end audio category (the ESOTERIC brand), we developed and launched the Grandioso series, the Grandioso N1 network player, the 05 series, the N-05XE network DAC preamplifier and the S-05XE power amplifier.」

「Under the TEAC brand, sales of new USB DACs and turntables in Europe remained strong. Among imported brands, sales of speakers across the various brands also remained strong.」

「In the portable audio recorder market, following the Portacapture series, we launched the DR-10Lpro recorder with a lavalier microphone. It supports 32-bit float recording and smartphone remote control and wireless timecode synchronization with cameras, in an ultra-compact, lightweight body.」

「High-end audio equipment (ESOTERIC brand) posted higher revenue year on year, as sales of the SACD player lineup remained solid, while the separate amplifiers in the Grandioso series launched in the previous fiscal year and the newly launched high-fidelity LP records also performed well.」

「In the B2C business, sales were strong, particularly overseas, partly due to the contribution of a new recorder for creators that began shipping.」

「In premium audio equipment (the TEAC brand), domestic sales benefited from the launch of 3 new CD players and improved earnings from imported products that the company began handling in the previous fiscal year.」

「In the high-end audio category (the ESOTERIC brand), we expanded the Grandioso and 05 series lineups. In the flagship Grandioso series, we launched the Grandioso T1 analog record turntable, featuring a patented proprietary non-contact drive system; the Grandioso C1Xsolo preamplifier, which condenses the essence of higher-end models into a single chassis; and the Grandioso S1X pure Class A stereo power amplifier, featuring proprietary current transmission.」

「In high-end audio equipment (the ESOTERIC brand), new products launched in the first half, including a turntable commemorating the brand's 35th anniversary and power amplifiers, performed well. Related network player products also continued to sell strongly.」

「In addition, new products including a turntable and power amplifier commemorating the brand's 35th anniversary were launched.」

「In music production and professional audio equipment (the TASCAM brand), demand for equipment projects was recovering worldwide in the B2B business. Sales remained strong, supported by the effect of new professional digital mixers in addition to existing products. The new 4K recorder that began shipping also received high market evaluations, and future growth is expected.」

「We also launched the 700 series, the new top tier of the Reference series, including the AP-701 stereo power amplifier and UD-701N USB DAC/network player.」

「In music production and professional audio equipment (the TASCAM brand), the B2C business launched 3 new products for the creator market, which continues to grow as new lifestyles take hold. Strong orders for these products and existing products resulted in solid sales.」

「Overseas demand remained strong in Asia, particularly China, as well as in North America and Europe. Newly launched network-related products made a substantial contribution, resulting in a significant increase in overall revenue. In premium audio equipment (the TEAC brand), domestic sales remained weak due to repeated declarations of a state of emergency and reduced product supply caused by semiconductor shortages. Overseas, however, demand for turntables remained strong, particularly in Europe, and the newly launched Reference series continued to perform well, resulting in higher revenue overall.」

「Overseas demand remained strong in Asia, particularly China, as well as in North America and Europe. New clock generators and SACD player products contributed, resulting in higher revenue and profit overall.」

「For the equipment market, we launched the BD-MP4K professional Blu-ray/multimedia player, a remotely controllable 1U rack-mount unit compatible with 4K content. For the MI market, we launched 3 models of USB audio interfaces: the US-4x4HR, equipped with 4 XLR microphone and TRS line inputs; the US-2x2HR, equipped with 2 combo-jack microphone/line inputs; and the US-1x2HR, equipped with 1 XLR microphone input and 1 TRS line/guitar input. All feature enhanced audio performance, including 192kHz support, as well as loopback and OBS compatibility, enabling use as interfaces for live streaming and podcasts.」

「In the early stages of the COVID-19 pandemic, sales of high-end audio equipment (the ESOTERIC brand) temporarily declined due to the temporary closure of retailers and city lockdowns in Japan and overseas. Subsequently, orders expanded rapidly, particularly in overseas markets, driven by stay-at-home demand. The new Grandioso C1X flagship preamplifier and the SACD player and network player categories performed well, resulting in higher revenue and profit overall.」

「The amplifier category, following the launch of the GR/C1X flagship preamplifier, and the network player category, which expanded on demand driven by stay-at-home consumption, grew substantially from the same period of the previous year.」

「In the music production and professional audio equipment business, we will further expand the product lineup by strengthening coordinated digital marketing worldwide and launching numerous strategic new products.」

「In music production and professional audio equipment (the TASCAM brand), sales of handheld recorders, audio interfaces and other products were generally weak in the B2C business, particularly in Europe and North America. However, in the focused B2B business, sales of new live recording mixers and Blu-ray players remained solid and grew from the previous fiscal year.」

「As a result, the music production and professional audio equipment business as a whole reported lower revenue and profit, but we expect earnings to improve through the numerous strategic new products planned for launch in the fourth quarter.」

「In the high-end audio equipment business (the ESOTERIC brand), sales of the integrated flagship SACD player launched in August remained strong and lifted the profit level.」

「In music production and professional audio equipment (the TASCAM brand), sales of a new audio interface that began shipping in June remained solid in the B2C business.」

「We began shipping the live recording mixer, which attracted considerable market attention, and sales have remained strong, particularly in the United States. The expansion of the B2B product lineup is progressing steadily and contributing to improved margins. Meanwhile, fixed costs are increasing due to development investment ahead of the launch of numerous strategic new products in the second half.」

「Segment operating profit declined due to development investment for new products planned for launch from the third-quarter consolidated accounting period onward. However, the company plans to improve earnings from that period onward by launching new products in each category, including portable servers for in-flight entertainment.」

「In the high-end audio equipment business (the ESOTERIC brand), domestic sales of the new network players and imported speakers launched in the previous fiscal year increased substantially. Exports also remained solid, led by SACD players in Asia and North America, while network players and clock generators grew substantially. As a result, overall revenue and profit increased from the previous fiscal year.」

「For the consumer audio market (the TEAC brand), we launched the UD-505 USB DAC/headphone amplifier and NT-505 USB DAC/network player, the core products of the high-fidelity Reference 505 series. As USB DACs, both models support top-end specifications of DSD 22.5MHz and PCM 768kHz, and are high-fidelity models equipped with the latest AK4497 DAC chip.」

「In the high-end audio equipment business (the ESOTERIC brand), the launch of a new network player planned for the third quarter was postponed to the fourth quarter. In addition, production delays prevented sufficient inventory of popular new imported speakers, resulting in weak domestic sales.」

「In the high-end audio equipment business (the ESOTERIC brand), we introduced new phono amplifiers and network players in the second quarter. Domestic sales began to show signs of recovery, while exports to Asia and Europe also remained strong.」

「Sales of medical image recording and playback equipment remained strong following the launch of a new product for gastrointestinal endoscopy applications in Japan.」

「For the pro-audio market, we launched the IF-AE16, a 16-channel input/output interface card for the 1U, 64-channel DA-6400 multitrack recorder for studios and broadcasters. Using two cards enables up to 32 channels of AES/EBU input and output. We also launched the IF-AN16/OUT, a 16-channel analog-output interface card that provides up to 32 channels of analog output when two cards are used, offering a compact 1U multitrack playback environment.」

「The introduction of new USB audio interfaces progressed, and sales remained strong in Asia, including Japan and China.」

「In music production and professional audio equipment (the TASCAM brand), sales in North America and Japan remained solid in the musical instrument market following the introduction of new USB audio interfaces.」

「In the equipment market, we proceeded with the introduction of new products, including professional Blu-ray players,」

「We launched the UD-503 USB DAC/headphone amplifier and NT-503 USB DAC/network player, both compatible with the latest high-resolution audio sources (DSD 11.2MHz and PCM 384kHz/32bit), as well as the newly designed HA-P5 portable headphone amplifier, compatible with DSD 5.6MHz and PCM 192kHz/24bit.」