Increased in net sales and decreased in profits YoY
Progress rate in profits relative to full-year financial forecasts is high
3Q YTD
3Q YTD
Full-year
Progress
（Unit: million)
FY3/22
FY3/23
FY3/23
Rate
Actual
Actual
Forecasts
Net Sales
7,279
7,360
9,370
78.6%
YoY changes
+24.8%
+1.1%
-1.6%
Operating profit
1,673
1,663
1,790
92.9%
YoY changes
+79.4%
-0.6%
-15.2%
Ordinary profit
1,707
1,653
1,790
92.4%
YoY changes
+52.0%
-3.1%
-17.0%
Profit attributable to
1,181
1,120
1,210
owners of parent
92.6%
YoY changes
+55.4%
-5.2%
-20.5%
Recovery in the automotive industry has been delayed due to continued production cutbacks following the impact of semiconductor and some parts shortages. The market of semiconductor and electronic components and devices generally remained strong, despite lower demand for smartphones and PCs that had been brisk.
Consolidated net sales were ¥7,360 million, up 1.1% YoY. We saw some rush demand prior to the price increases for some products implemented from November orders.
Consolidated ordinary profit was ¥1,653 million, down 3.1% YoY. Ordinary profit margin was 22.5%, down 1.0 pp YoY.
Progress rate to the financial forecasts for the full-year exceeded 90%.
Domestic net sales increased by ¥2 million, up 0.1% YoY, while overseas net sales increased by ¥78 million, up 3.4% YoY. Overall net sales increased by ¥80 million, up 1.1% YoY.
Cost of sales decreased by ¥80 million, down 2.3% YoY, while gross profit margin was 53.6%, up 1.7 pp YoY.
SG&A expenses increased by ¥171 million, up 8.1% YoY. Selling expenses, including exhibition costs and advertising expenses, increased by 45.1% YoY due to displays at the in-personlarge-scale exhibitions such as JIMTOF and IMTS.
As a result, operating profit decreased by ¥10 million, down 0.6% YoY, to ¥1,663 million. Operating profit margin was 22.6%, down 0.4 pp YoY.
NS Tool Co. Ltd. published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 01:54:04 UTC.
NS Tool Co Ltd is a Japan-based company mainly engaged in the production and sale of end mills, which are cutting tools that are attached to machining centers (machine tools) to process metals. The Company operates in two business segments. End Mill segment is engaged in the manufacture and sale of cutting tools centering on carbide small-diameter end mills. Others segment is engaged in the manufacture and sale of plastic moldings focusing on tool cases. The product sizes include end mill (6mm or less), end mill (over 6mm), and end mill (others).
NS TOOL CO., LTD. 