CORPORATE PHILOSOPHY,
PURPOSE, MANAGEMENT POLICY,
ACTION GUIDELINES
TO OUR SHAREHOLDERS
Building a Foundation for Change
In 2023, operating results in both the Machine Tools and Special Products segments were weak, with a downturn in sales and significantly lower profits compared with the previous year. This was mainly due to growing concerns surrounding the threat of an economic recession owing to such factors as the prolonged upswing in interest rates in the U.S. and Europe as well as deteriorating market conditions and slowing investment in China. Moving forward, the outlook for the future remains uncertain.
2024 is the final year of our First Medium-Term Management Plan, a roadmap for building a foundation for change over the three-year period from 2022 to 2024. Recognizing the need to further solidify our foundation, we will redouble efforts to bring about a sustainable society and enhance corporate value by putting into practice our corporate philosophy, growing together with employees, and contributing to society.
Mamoru Sato
Representative Director,
President and CEO
REVIEW OF OPERATIONS
-
SPECIAL PRODUCTS
Net sales ¥ 16,111
million
(Down 10.3% year on year)Operating income ¥ 1,953
million
(Down 48.0% year on year)Sales volume of
POS printers459
thousand units
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-
MACHINE TOOLS
Net sales ¥ 62,085
million
(Down 10.6% year on year)Operating income ¥ 10,350
million
(Down 15.5% year on year)Sales volume 3,727
units
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RESEARCH
& DEVELOPMENT
As its Vision for 2030, the Star Micronics Group aims to achieve net sales of ¥100 billion and operating income of ¥20 billion through a tri-lateral business structure supported by a management base, human resource systems, and R&D capabilities founded on its corporate philosophy. In working to achieve this Vision, we have positioned “building a foundation for change” as the theme of the First Medium-Term Management Plan covering 2022 to 2024, and have included the strengthening of R&D structures and systems as a key issue for structural enhancement.
SOLUTION CENTER
Equipped with a full range of functions, Star Micronics has established the Solution Center in Kikugawa City, Shizuoka Prefecture, for the purpose of providing before and after-sales services to users, collecting technical information, and strengthening marketing in the Machine Tools Segment.
Looking beyond Japan, Star Micronics is promoting plans to establish solution centers in Europe and Asia in order to expand its Solution Center network globally. As a part of these plans, the Asia Solution Center was completed at Shanghai Xingang Machinery Co., Ltd. in Shanghai, China in September 2023. Plans are also underway to establish the Europe Solution Center at Star Micronics AG in Zurich, Switzerland.
SUSTAINABILITY
In formulating its Medium-Term Management Plan in February 2022, Star Micronics provided details of the Group’s Sustainability Policy. Under this Policy, the Star Micronics Group aims to help bring about a sustainable society and enhance corporate value by putting into practice the core concept of the Company and employees growing together and contributing to society. At the same time, Star Micronics identified specific material issues and targets from each of the environmental, social, and governance (ESG) perspectives.
In order to put our corporate philosophy and basic sustainability policy into practice, we have partially revised the contents of the existing Star Micronics Group Code of Conduct and renamed it the Star Micronics Group Sustainability Code of Conduct, which came into effect in March 2023.
