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Komori unveils new plant, third quarter results

Komori  results 
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Printing equipment manufacturer Komori has unveiled its new 8bn Yen B1 factory in Tsukuba, Japan. The 38,500sqm plant, which began production of its press in December last year, is dedicated to the manufacture of Komori’s 40” and 44” models.

Komori president and chief executive, Yoshiharu Komori, says the plant’s production may increase from its current production of 12 press units per day, on a single day shift, equating to one unit every 45 minutes.

"The Tsukuba plant will be, we believe, a manufacturing base for the 21st century that is without parallel," says Komori.

According to the firm, the 185,000sqm site that houses the factory has the provision for expansion, and the main building was designed with this in mind.

This week the company also announced its operations results for the nine months ending December 31.

In the third quarter (nine month period), net sales amounted to ¥88,342m, an increase of 15 per cent year on year.

This result is attributed to a 14 per cent increase in domestic net sales, compared with the corresponding period of the previous fiscal year, and marked by strong demand in web offset presses and sheetfed offset presses in the Japanese market.

Overseas sales were robust in the US which increased 26 per cent, solid in Europe which climbed 18 per cent with steady sales to neighbouring countries, and strong in other areas which saw a 46 per cent rise due to healthy results in the Middle East and Africa, despite a decrease of seven per cent in Asia due to the stagnant Chinese market.

Compared with the budget, sales in the United States showed moderate growth. However, sales in Japan, China and Europe declined slightly, contributing to an overall decline of three per cent.

As a result, operating income increased 28 per cent compared with the corresponding period of the previous fiscal year to ¥6,570m.

Ordinary income rose 53 per cent to ¥9,027m, owing mainly to the gain on foreign exchange. Net income for the period under review increased 46 per cent to ¥5,236m.

Overall orders received compared with the corresponding period of the previous fiscal year climbed 14 per cent to ¥102,320m, owing to strong demand in the US, Europe and Japan and despite the significant decrease due to continued tight monetary policies in China.

Looking at a comparison with the budget, orders received in Japan and the US increased slightly and fell slightly in Europe. Buoyed by growth in China and other areas, overall orders received climbed three per cent.

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