Summary of Operating Results for Second Quarter of the Fiscal Year Ending March 31, 2023
(Millions of yen)
Net Sales
Operating
income
Ordinary income
Net income
Attributable to
owners
of the parent
FY 2022
FY2021
３７，８８６
＋22.2％
△２，１８４
－
△１，７００
－
△５，６４４
－
FY2021
３０，９９８
△４，２６８
△３，４００
△３，５８９
Exchange rate（JPY）
FY2022
FY2021
133.53
122.39
Exchange rate at the end of the
USD/JPY
period (Upper level)
134.80
111.87
Average exchange rate used for
translation of sales (Lower level)
EUR/JPY
145.72
136.70
140.45
130.80
-1-
Highlights
Business overview
[Flat knitting machines]
Asian Market
・In China, zero-COVID-19 measures resulted in confusion in the supply chain, which led to
weakness in capital investment and sales of WHOLEGARMENT flat knitting machines.
・In Southeast Asia and Bangladesh, there was growth in capital investment in garment length knitting
machines.
European market
・Development of in-house products by established brands accelerated capital investment.
This increased demand for WHOLEGARMENT flat knitting machines and garment length knitting
machines for realizing a high level of design.
Middle Eastern market
・Orders from fast-fashion apparel for Europe and in local countries accelerated capital investment.
Japanese market
・There was an increase in sales of mold knitting machines.
[Design system]
・There was an increase in license contracts mainly with Western and Japanese apparel brands for the APEXFiz subscription software service in the SDS-ONE APEX design system series.
・There was a sales increase for the P-CAM automatic fabric cutting machine mainly in overseas markets.
[Glove and sock knitting machines]
・There was a large decrease in net sales because of a round of capital investment by Japanese and overseas major users.
Profits
・Increased capacity utilization of plants and efforts for continuing cost reductions resulted in a trend toward recovery in the gross profit margin.
・Including impairment loss of fixed assets and loss on the evaluation of stocks of subsidiaries and affiliates, an extraordinary loss (3,436 million yen) was recorded.
-２-
Sales Composition by Segment [Consolidated]
Other
¥6,038 million
（16％）
Globe and Sock
Flat Knitting
Knitting Machines
Machines
¥913 million
（3％）
Total
37,886
Million yen
¥27,395 million
（72%）
Design Systems
¥3,538million
（9%）
（ ）is the sales composition ratio.
-３-
Sales and Operating Income by Segment
Net Sales
Comparison with
Operating
Comparison with
（Millions of yen）
previous year（％）
income
previous year（％）
Flat Knitting
27,395
＋32.4％
2,693
＋341.5％
Design Systems
3,538
＋23.3％
773
＋5.8％
Globe & Sock
913
△62.6％
100
＋342.3％
Knitting
Machines
Other
6,038
＋21.0％
1,014
＋92.4％
Corporate
△6,766
elimination
Total
37,886
＋22.2％
△2,184
―
-４-
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Shima Seiki Mfg Ltd. published this content on 01 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 10:22:06 UTC.
SHIMA SEIKI MFG., LTD. is a Japan-based company mainly engaged in the manufacture and sale of flat knitting equipment, design systems, gloves and socks knitting equipment. The Company operates in three business segments. The Flat Knitting Equipment segment is engaged in the manufacture and sale of computer flat knitting equipment and semi jacquard flat knitting equipment. The Design Systems Related segment is engaged in the manufacture and sale of computer design systems, as well as apparel computer-aided design (CAD) and computer-aided manufacturing (CAM) systems. The Gloves and Socks Knitting Equipment segment is engaged in the manufacture and sale of seamless gloves and socks knitting equipment. The Company is also engaged in the manufacture, sale and trading of textile materials, the planning, manufacture and sale of textile products, the operation of hotels, the manufacture and sale of knitting equipment and design system parts, as well as the repair and maintenance business.
SHIMA SEIKI MFG.,LTD. 
