Amano Corporation

6436

JP3124400007

Office Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
3,774 ^JPY	-1.97%		+1.75%	+12.93%

Apr. 25	Amano Corporation announces an Equity Buyback for 500,000 shares, representing 0.69% for ¥2,000 million.	CI
Apr. 25	Amano Corporation authorizes a Buyback Plan.	CI

Amano : 2nd Quarter Report for FY2023 / Details of Business Results

October 30, 2023

Second Quarter Report for FY 2023

(Fiscal Year ending March 2024)

Details of Business Results

AMANO CORPORATION (Ticker: 6436)

October 31, 2023

Contact : Corporate Planning Unit,

Corporate Planning Division

TEL : +81(0)45-439-1591

Web site : http://www.amano.co.jp/English/

Index 】

	FY 2023: 2nd Quarter Report	P.3


	The 9th Medium-term Business Plan	P.18


	The 4th Stage Towards a 100-year Company
	Business Forecast for FY2023	P.23

The prospect of operating performance or forecast complied by Amano is based

on the current information available, and it includes potential risks or uncertainties. Please note that actual operating performance may change substantially from what is described here as a result of various changing factors.

FY 2023: 2nd Quarter Report

(Fiscal Year ending March 2024)

FY 2023: 1st Half Accumulated Results (FY end March 2024)

Consolidated

														(Millions of yen)
		Disclosed plan		FY2023 1st Half	FY2022 1st Half		Change			Change over plan

		Amount	%	Change(%)		Amount	%		Amount	%		Amount	%	Amount	%

			%	%			%			%			%		%
Net sales	63,700	100.0	5.4	70,163	100.0		60,455	100.0	9,707	16.1	6,463	110.1

Gross profit	28,700	45.1	5.8	31,639	45.1		27,120	44.9	4,519	16.7	2,939	110.2

SG&A	22,300	35.0	3.6	23,627	33.7		21,515	35.6	2,112	9.8	1,327	106.0

Operating profit	6,400	10.0	14.2	8,012	11.4		5,604	9.3	2,407	43.0	1,612	125.2

Non-operating income	800	1.3	5.5	799	1.1		758	1.3	40	5.4	(0)	99.9

Non-operating expense	300	0.5	152.5	201	0.3		118	0.2	83	69.9	(98)	67.3

Ordinary profit	6,900	10.8	10.5	8,609	12.3		6,244	10.3	2,365	37.9	1,709	124.8

Extraordinary profit	0	0	9,999.9	6	0.0		4	0.0	2	47.2	6	9,999.9

Extraordinary loss	0	0	9,999.9	91	0.1		32	0.1	59	182.2	91	9,999.9

Net income attributable to owners	4,200	6.6	13.4	5,557	7.9		3,703	6.1	1,854	50.1	1,357	132.3
of the parent company


*FX Rates:		US$	130.00			US$	136.54		US$	124.54
		EUR	140.00			EUR	147.89		EUR	135.15
		* ACJ; Amano Corporation Japan
A C J											(Millions of yen)


		Disclosed plan		FY2023 1st Half	FY2022 1st Half		Change			Change over plan

		Amount	%	Change(%)		Amount	%		Amount	%		Amount	%	Amount	%

			%	%			%			%			%		%
Net sales	30,300	100.0	6.0	32,499	100.0		28,595	100.0	3,904	13.7	2,199	107.3

Gross profit	13,700	45.2	5.1	14,772	45.5		13,029	45.6	1,742	13.4	1,072	107.8

SG&A	10,100	33.3	3.1	10,290	31.7		9,793	34.2	497	5.1	190	101.9

Operating profit	3,600	11.9	11.2	4,481	13.8		3,236	11.3	1,245	38.5	881	124.5

Non-operating income	2,550	8.4	4.2	2,929	9.0		2,447	8.6	482	19.7	379	114.9

Non-operating expense	50	0.2	19.8	63	0.2		41	0.1	21	51.1	13	126.1

Ordinary profit	6,100	20.1	8.1	7,348	22.6		5,641	19.7	1,706	30.3	1,248	120.5

Extraordinary profit	0	0.0	9,999.9	4	0.0		0	0.0	4	1,315.0	4	9,999.9

Extraordinary loss	0	0.0	9,999.9	63	0.2		6	0.0	56	833.2	63	9,999.9

Net income	4,300	14.2	5.3	5,443	16.7		4,083	14.3	1,359	33.3	1,143	126.6

Consolidated performance (Year-on-year)

1	Sales:		Up		9,707	Mil （ Up	16.1 %	）
	･Time Information System business:		Up	7,827	Mil	（ Up	17.5 %	）
	Incl: Information Systems:			Up	1,590	Mil	（ Up	10.9 %	）
	Incl: Parking Systems:			Up	6,301	Mil	（ Up	21.9 %	）
	･Environment System business:		Up	1,880	Mil	（ Up	11.9 %	）
	Incl: Environmental Systems:			Up	1,539	Mil	（ Dn	16.6 %	）
	Incl: Clean Systems:			Up	340	Mil	（ Up	5.3 %	）
2	Gross Profit:		Up		4,519	Mil （ Up	16.7 %	）
	Gross Profit Ratio:	45.1 %		Up	0.2	%
	･Time Information System business :		Up	0.4	%
	･Environment System business :			Dn	0.6	%
3	SG&A:		Up		2,112	Mil （ Up	9.8 %	）
	・Labor Cost			Up	1,507	Mil	（ Up	10.7 %	）
	・Other Costs			Up	605	Mil	（ Up	8.1 %	）
4	Operating Profit		Up		2,407	Mil （ Up	43.0 %	）
	･Time Information System business:			7,596	Mil	（ Up	2,129 Mil	）
	･Environment System business:				2,275	Mil	（ Up	322 Mil	）
	･Company-wide Expense:				(1,859)	Mil	（ Dn	44 Mil	）

FY 2023: 1st Half Accumulated Results (FY end March 2024)	Sales by business division

	Consolidated													(Millions of yen)

	Business division	Disclosed plan	FY2023 1st Half		FY2022 1st Half	Change		Change over plan

			Amount	%	Change%	Amount	%		Amount	%	Amount		%	Amount	%
				%	%		%			%			%		%
	Information Systems	15,300	24.0	4.8	16,187	23.1		14,596	24.1	1,590		10.9	887	105.8
	Time Management Products	1,300	2.0	(0.4)	1,241	1.8		1,305	2.2	(64)		(4.9)	(58)	95.5
	Parking Systems	30,500	47.9	5.9	35,106	50.0		28,805	47.7	6,301		21.9	4,606	115.1
	Time Information System business	47,100	73.9	5.4	52,535	74.9		44,707	74.0	7,827		17.5	5,435	111.5
	Environmental Systems	9,600	15.1	3.6	10,803	15.4		9,263	15.3	1,539		16.6	1,203	112.5
	Clean Systems	7,000	11.0	8.0	6,824	9.7		6,484	10.7	340		5.3	(175)	97.5
	Environment System business	16,600	26.1	5.4	17,628	25.1		15,747	26.0	1,880		11.9	1,028	106.2
	Grand total	63,700	100.0	5.4	70,163	100.0		60,455	100.0	9,707		16.1	6,463	110.1

A C J

*FX Rates:	US$ 130.00	US$ 136.54	US$ 124.54
	EUR 140.00	EUR 147.89	EUR 135.15

(Millions of yen)

Business division	Disclosed plan	FY2023 1st Half	FY2022 1st Half	Change		Change over plan

	Amount	%	Change%	Amount	%	Amount	%	Amount	%	Amount	%
		%	%		%		%		%		%
Information Systems	8,300	27.4	5.9	8,083	24.9	7,835	27.4	247	3.2	(216)	97.4
Time Management Products	1,000	3.3	(0.2)	1,023	3.1	1,001	3.5	21	2.2	23	102.3
Parking Systems	10,500	34.7	5.9	12,188	37.5	9,912	34.7	2,276	23.0	1,688	116.1
Time Information System business	19,800	65.4	5.6	21,295	65.5	18,749	65.6	2,545	13.6	1,495	107.6
Environmental Systems	8,100	26.7	3.4	8,943	27.5	7,835	27.4	1,107	14.1	843	110.4
Clean Systems	2,400	7.9	19.4	2,261	7.0	2,009	7.0	251	12.5	(138)	94.2
Environment System business	10,500	34.6	6.6	11,204	34.5	9,845	34.4	1,359	13.8	704	106.7
Grand total	30,300	100.0	6.0	32,499	100.0	28,595	100.0	3,904	13.7	2,199	107.3

FY 2023: Consolidated performance by quarter (FY end March 2024)

Quarterly Financials												(Millions of yen)


				FY2023 1Q			FY2023 2Q			FY2023 1st Half

				Amount	%		Amount	%		Amount	%
							%					%		%
	Net sales		31,840			100.0		38,322			100.0		70,163	100.0
	Gross profit		14,422			45.3		17,217			44.9		31,639	45.1
	SG&A		11,577			36.4		12,050			31.4		23,627	33.7
	Operating profit		2,844			8.9		5,167			13.5		8,012	11.4
	Non-operating income		398			1.3		401			1.0		799	1.1
	Non-operating expense		92			0.3		109			0.3		201	0.3
	Ordinary profit		3,150			9.9		5,459			14.2		8,609	12.3
	Extraordinary profit		1			0.0		5			0.0		6	0.0
	Extraordinary loss		42			0.1		48			0.1		91	0.1
	Net income attributable to owners	1,557			4.9	3,999			10.4	5,557	7.9
	of the parent company

		*FX Rates:	US$ 133.45			US$ 139.63			US$ 136.54
				EUR 143.93			EUR 151.85			EUR 147.89

Quarterly Sales

							(Millions of yen)
Business division	FY2023 1Q		FY2023 2Q			FY2023 1st Half

Amount	%	Amount	%		Amount	%

		%		%			%

Information Systems		7,401	23.3		8,786	22.9		16,187	23.1
Time Management Products		648	2.0		592	1.5		1,241	1.8
Parking Systems		15,984	50.2	19,122	50.0		35,106	50.0
Time Information System business		24,034	75.5	28,500	74.4		52,535	74.9
Environmental Systems		4,425	13.9		6,377	16.6		10,803	15.4
Clean Systems		3,381	10.6	3,443	9.0		6,824	9.7
Environment System business		7,806	24.5	9,821	25.6		17,628	25.1
Grand total	31,840	100.0	38,322	100.0	70,163	100.0

Consolidated Sales & Operating Profit (Quarterly)

Sales

(Millions of yen) 50,000

									40,542		38,322
40,000					35,426
		29,794	27,676		32,832	31,812		31,840

		25,532		27,622
30,000

20,000

10,000

0
	FY2021				FY2022				FY2023

		1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q

Operating Profit

(Millions of yen)	Operating profit
7,000						6,816
Operating profit ratio

6,000			5,637						5,167

5,000
4,000	3,583		15.9%		3,911		16.8%
		3,366


3,000		2,746						2,844	13.5%
	12.0%			1,692	11.9%
2,000	9.9%		10.6%
					8.9%
925

1,000				6.1%
3.6%

0
FY2021				FY2022				FY2023
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

Sales & Operating Profit by Business Segment

																						(Millions of yen)
	FY2023 1Q			FY2023 2Q			FY2023 1st Half			FY2022 1st Half				Change Y-O-Y
	Sales		Operating profit		Sales		Operating profit		Sales		Operating profit		Sales		Operating profit		Sales			Operating profit
				%					%					%					%		%		%
Time Information System business	24,034	2,891	12.0	28,500	4,705	16.5		52,535	7,596	14.5		44,707	5,466	12.2		7,827	17.5	2,129	38.9
Environment System business	7,806	868	11.1	9,821	1,406	14.3		17,628	2,275	12.9		15,747	1,952	12.4		1,880	11.9	322	16.5
Company-wide Expenses	0	(914)	0.0	0	(944)	0.0	0	(1,859)	0.0		0	(1,814)	0.0	0	0.0	(44) 9,999.9
Total	31,840	2,844	8.9	38,322	5,167	13.5	70,163	8,012	11.4		60,455	5,604	9.3	9,707	16.1	2,407	43.0

Sales

●Time Information System business

Operating Profit	profit】

【References】

Increase / decrease in gross profit margin

(Millions of yen)			Up 17.5% Y-O-Y
60,000			52,535
		44,707
50,000
40,000			35,106	Parking Systems
		28,805
30,000
20,000		1,305	1,241	Time Management
	Products

10,000		14,596	16,187	Information Systems

0
	FY2022	FY2023

		1st Half	1st Half
●Environment System business
(Millions of yen)			Up 11.9% Y-O-Y

(Millions of yen)		8,012
10,000
8,000	5,604	2,275
6,000	1,952
4,000	5,466	7,596
2,000

0
(1,814)		(1,859)
(2,000)
FY2022		FY2023

	1st Half		1st Half

Environment System business

Time Information System business

Company-wide Expenses

① FY2022 2Q/FY2023 2Q

Consolidated ACJ

Information Systems

Time Management Products

Parking Systems

Environmental Systems

Clean Systems

②FY2022/FY2023 2Q

20,000	15,747	17,628
16,000
	6,824	Clean Systems
12,000	6,484

8,000
4,000	9,263	10,803	Environmental
	Systems
0
FY2022	FY2023

	1st Half	1st Half

●Time Information System business Up 38.9% Y-O-Y

●Environment System business

Up 16.5% Y-O-Y

Consolidated ACJ

Information Systems

Time Management Products

Parking Systems

Environmental Systems

Clean Systems

Performance by Business Division

Information Systems

Domestic & Overseas Sales Higher

Sales (YoY)

ー ACJ ー

ー Consolidated ー

Up 10.9%

･Sales Higher for Software and Hardware (T&A Terminals)

･Amano Business Solutions Corporation Orders for Cloud Services Remained Firm

(Millions of yen)
18,000
16,000	Up 3.2%

14,000
12,000
10,000	7,231	7,835
8,000


6,000
4,000
2,000
0

13,450

8,083

16,187

14,596

･N. America:

Sales Higher at Accu-Time Systems Inc.

･Europe:

Sales Higher at Horoquartz, S.A.

FY2021	FY2022	FY2023	FY2021	FY2022	FY2023
1st Half	1st Half	1st Half	1st Half	1st Half	1st Half

Quarterly Sales (FY2021.1Q～FY2023.2Q)

(Millions of yen)
10,000				8,879
				7,949
8,000		7,287
		6,647		6,874
	6,163	6,478	5,682
6,000

					4,401
		4,169			3,433	3,499
4,000		3,437
3,061

2,000
0
	FY2021				FY2022
	1Q	2Q	3Q	4Q	1Q	2Q	3Q

ACJ	Sales by Region

Consolidated
9,883	Asia
8,786
0.2%
7,401
Europe

5,812	34.2%
4,672
Japan
3,410

53.7%

America 11.9%

FY2023

4Q 1Q 2Q

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Amano Corporation published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2023 11:11:03 UTC.

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Company Profile

Amano Corporation is a Japan-based company mainly engaged in the manufacture and sale of time information systems and environment-related system equipment. The Company operates through two business segments. The Time Information System segment is involved in the manufacture, sale and export sale of information system equipment, mainly employment information systems and payroll systems, and time management equipment, mainly time clocks, the sale of parking system equipment, as well as parking lots operation management, software products development and others. The Environmental-related System segment provides dust collectors, powder and granular material pneumatic conveying systems, high-temperature poisonous gas removal systems and electrolyzed water generation equipment and cleaning equipment. This segment also provides welfare services, non-life insurance agency services, work environment measurement, environmental measurement certification business and related consulting services.

Sector

Office Equipment

Calendar

2024-07-24 - Q1 2024 Earnings Release (Projected)

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