Shima Seiki Mfg.,Ltd.

Equities

6222

JP3356500003

Industrial Machinery & Equipment

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,315 ^JPY	-0.15%		+6.13%	-13.77%

2022	Active Clothing Co Limited Inks an Agreement with Shima Seiki Mfg.,Ltd. for Import of Machinery	CI
2021	Bioworks Corporation announced that it has received funding from Shima Seiki Mfg.,Ltd., Hasetora Spinning Co.,Ltd., Saison Ventures Co., Ltd.	CI

Shima Seiki Mfg : Financial Results for the Year Ended March 31, 2023

May 10, 2023 at 02:17 am EDT

English translation from the original Japanese- language document, "KESSAN TANSHIN" (Summary for reference only)

Financial Results for the Year Ended March 31, 2023

May 10, 2023

SHIMA SEIKI MFG., LTD.

Stock listings: Tokyo Stock Exchange (Prime)

Code number: 6222

URL: https://www.shimaseiki.co.jp/

Representative: Mitsuhiro Shima, President

(Amounts less than one million yen are omitted)

1. Consolidated financial results for the year ended March 31, 2023

(April 1, 2022 - March 31, 2023)

(1) Consolidated operating results

(%: change from the same period of previous year)

Net sales

Operating

Ordinary

Net income

income

attributable to owners

of the parent

Millions of yen

Year ended

37,886

22.2

-2,184

－

-1,700

－

-5,644

－

March 31, 2023

Year ended

30,998

26.6

-4,268

－

-3,400

－

-3,589

－

March 31, 2022

Note: Comprehensive income

Year ended March 31, 2023: -2,346 million yen (－%)

Year ended March 31, 2022: -725 million yen (－%)

Net income

Diluted

Return on

Ratio of

net income

ordinary income

operating income

per share

equity

per share

to total assets

to net sales

Yen

Year ended

-163.54

－

-6.5

-1.7

-5.8

March 31, 2023

Year ended

-104.00

－

-4.0

-3.2

-13.8

March 31, 2022

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Net assets

per share

Millions of yen

Yen

As of March 31, 2023

101,040

86,107

85.2

2,493.70

As of March 31, 2022

101,809

88,795

87.2

2,571.71

Reference: Shareholders' equity

As of March 31, 2023: 86,068 million yen

As of March 31, 2022: 88,761 million yen

(3) Consolidated cash flows

Cash flows from

Cash and cash

equivalents

operating activities

investing activities

financing activities

at end of year

Millions of yen

Year ended

-7,178

-2,133

-309

15,517

March 31, 2023

Year ended

6,196

-1,023

-7,759

24,271

March 31, 2022

－1－

2. Dividends

		Cash dividends per share		Total amount	Dividends	Dividends on
						payout ratio	net assets
	1st	2nd	3rd	Year-end	Annual
	quarter	quarter	quarter	of dividends	(Consolidated)	(Consolidated)

	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Year ended	－	5.00	－	5.00	10.00	345	－	0.4
March 31, 2022

Year ended	－	5.00	－	5.00	10.00	345	－	0.4
March 31, 2023

Year ending March	－	5.00	－	－	－		－
31, 2024 (forecast)

Note: Year-ended dividends for the year ending March 31, 2024 have yet to be determined.

3. Forecast of consolidated financial results for the year ending March 31, 2024 (April 1, 2023 - March 31, 2024)

	Net sales	Operating		Ordinary			Net income	Net income
				attributable to	owners
			income		income			of the parent	per share
	Millions of yen	%	Millions of yen		%	Millions of yen			%	Millions of yen	%	Yen
First half	21,000	17.2	300	－		600		－		300	－	8.69

Full year	43,000	13.5	1,000	－		1,700		－		1,200	－	34.77

4. Others

Changes in significant subsidiaries during the year: None
Changes in accounting policies and accounting estimates and restatement
1. Changes in accounting policies due to amendment of accounting standards: None
2. Changes in accounting policies other than those above: None
3. Changes in accounting estimates: None
4. Restatement: None
Number of outstanding shares (common stock)
1. Number of shares outstanding at the end of the year (including treasury stock)

As of March 31, 2023: 35,800,000	As of March 31, 2022: 35,800,000
2) Number of treasury stock at the end of the year
As of March 31, 2023: 1,285,731	As of March 31, 2022: 1,285,281

Average number of shares outstanding during the year Year ended March 31, 2023: 34,514,499
Year ended March 31, 2022: 34,514,009

－2－

1. Non-consolidatedfinancial results for the year ended March 31, 2023 (April 1, 2022 - March 31, 2023)

(1) Non-consolidated operating results

(%: change from the same period of previous year)

Net sales

Operating

Ordinary

Net income

income

Millions of yen

Year ended

30,535

25.3

-2,926

－

-2,656

－

-4,388

－

March 31, 2023

Year ended

24,365

32.9

-3,917

－

-3,429

－

-3,783

－

March 31, 2022

Net income

Diluted

net income

per share

Yen

Year ended

-127.15

－

March 31, 2023

Year ended

-109.63

－

March 31, 2022

(2) Non-consolidated financial position

Total assets

Net assets

Equity ratio

Net assets

per share

Millions of yen

Yen

As of March 31, 2023

86,389

68,648

79.4

1,988.40

As of March 31, 2022

88,425

72,878

82.4

2,111.04

Reference: Shareholders' equity

As of March 31, 2023: 68,628 million yen

As of March 31, 2022: 72,861 million yen

2. Forecast of non-consolidatedfinancial results for the year ending March 31, 2024 (April 1, 2023 - March 31, 2024)

	Net sales	Operating		Ordinary		Net income		Net income
	income			income				per share

	Millions of yen	%	Millions of yen			%	Millions of yen			%	Millions of yen	%	Yen
First half	17,000	19.2	-300		－		-100		－		-120	－	-3.48
Full year					－			－		－		13.04
36,000	17.9	0			500			450

Quarterly summary of financial statements is not subject to the quarterly reviews by a certified public accountant or an audit corporation.
Descriptions relating to the proper use of financial forecasts and other special notes

The descriptions about future such as the above forecasts are based upon available information and assumptions, as of the time of the announcement date, about uncertain factors which would influence future businesses. Actual results might be influenced materially by various factors in the future.

－3－

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Shima Seiki Mfg Ltd. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 06:16:09 UTC.

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Company Profile

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.

Sector

Industrial Machinery & Equipment

Calendar

2024-05-09 - Q4 2023 Earnings Release

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