Top Message

Established in 1950, Star Micronics Co., Ltd. possesses the strength of developing and manufacturing high-added value products based on its core technologies of small-scale precision processing and assembly, aiming for more than half a century to realize businesses that “generate the greatest impact from the least materials.” From early period, we have looked overseas for business opportunities and promoted growth strategies with an emphasis on profitability in the global niche markets since the company was established. Going forward, Star Micronics will leverage the strength it has built up to develop its businesses and further raise its corporate value.

Group’s performance in the Second Quarter of Fiscal 2023

During the first half of the fiscal year ending December 31, 2023, conditions surrounding the global economy remained shrouded in uncertainty. Despite an overall modest economic recovery amid signs of a lull in the surge in resource prices and prolonged inflation, this uncertainty largely reflects growing concerns of a slowdown in the economy due to interest rate hikes by the central banks in the U.S. and Europe, a downturn in the pace of consumption and investment in China, and fluctuations in foreign currency exchange rates.
In each of the major markets in which the Star Micronics Group operates, demand for POS printers was generally weak mainly in the U.S. and European markets. In addition, demand for the Group’s mainstay machine tools in overseas markets, which had previously remained high, stalled with little or no forward momentum. Exacerbating these difficult trends, demand in Japan also failed to recover.
Under these circumstances, the Star Micronics Group reported sales of ¥42,926 million for the second quarter of the fiscal year under review, up 9.4% compared with the corresponding period of the previous fiscal year. The increase was largely due to an upswing in sales of machine tools. From a profit perspective, operating income climbed 29.0%, to ¥7,380 million due in large part to higher sales. Ordinary income increased 27.5%, to ¥7,614 million. Net income attributable to owners of parent grew 24.5%, to ¥5,238 million.

To Our Shareholders

Star Micronics positions the return and distribution of profits to shareholders as an important management priority.Under its shareholder return policy, the Company has decided to target a consolidated total payout ratio of at least 50%, including the repurchase of its own shares, with the aim of paying a stable annual dividend of at least ¥60 per share.Based on this policy, the interim dividend per share for the fiscal year under review was ¥30. The year-end dividend is planned to be ¥30 per share, and the annual dividend forecast for the current fiscal year, including the interim dividend, will be ¥60.As far as the Company’s internal reserves are concerned, Star Micronics is committed to enhancing its corporate value while increasing shareholders’ profits. At the same time, the Company will look to engage in a variety of activities including investment in future growth fields in a bid to ensure its sustainable growth.
We look forward to the continued support and encouragement of all our shareholders in the future.

September 2023
Representative Director,
President and CEO

Mamoru Sato