First Quarter of the fiscal year ending December 31, 2023 Supplemental information to financial results
Itoki Corporation (Tokyo Stock
Exchange Prime Market: 7972)
May 12, 2023
© ITOKI CORPORATION All Rights Reserved.
Contents
- First Quarter Consolidated Performance
- Performance by Segment
- Forecast for Fiscal Year Ending
Dec. 31, 2023
4. Topics & News
© ITOKI CORPORATION All Rights Reserved. | 1 |
- First Quarter Consolidated Performance
- Performance by Segment
- Forecast for Fiscal Year Ending
Dec. 31, 2023
4. Topics & News
© ITOKI CORPORATION All Rights Reserved. | 2 |
Q1: Consolidated Performance Summary
Net sales were strong, primarily from renovation projects and office relocations. Improved profit margin due to the effect of increased revenues and greater value delivered resulted in higher-than-anticipatedprofit.
Workplace Business
Equipment & Public
Works-Related
Business
IT & Sharing Business
- Net sales were strong primarily from renovation projects to accommodate new hybrid work styles and office relocations.
- Improved profit margin due to the effect of increased revenues and greater value delivered resulted in significantly higher profit.
- Net sales were strong primarily from demand for equipment in public facilities, including for museum and gallery exhibition cases and digital signage.
- Profit margin improved due to the effect of increased revenues and greater value delivered for public facilities, resulting in significantly higher profit.
- Performance was strong in system development and verification, and in office sharing, resulting in increased revenues and profit.
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Q1: Consolidated Performance
Jan. 1- Mar. 31, 2023
Dec 2022 | Dec 2023 | Increase | Year forecast | ||||||
(Unit: ¥100 | First quarter | First quarter | (decrease) | ||||||
million) | |||||||||
Amount | % of | Amount | % of | Amount | % | Amount | Progress | ||
sales | sales | increase | |||||||
Net sales | 353 | - | 369 | - | +16 | +4.6% | 1,300 | 28.4% | |
Cost of sales | 214 | 60.8% | 222 | 60.1% | +7 | +3.4% | - | - | |
Gross profit | 138 | 39.2% | 147 | 39.9% | +8 | +6.4% | - | - | |
SG&A expenses | 98 | 28.0% | 99 | 27.0% | +0.7 | +0.7% | - | - | |
Operating profit | 39 | 11.2% | 47 | 12.9% | +8 | +20.5% | 65 | 73.5% | |
Ordinary profit | 39 | 11.2% | 48 | 13.1% | +8 | +21.4% | 65 | 74.2% | |
Profit | |||||||||
attributable to | 33 | 9.6% | 32 | 8.9% | (0.9) | (2.7%) | 37 | 89.1% | |
owners of parent | |||||||||
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