We are pleased to report our results for the fiscal year ended March 31, 2024.

Looking at the Group's business environment during the fiscal year under review, its profit structure did not change, and the adjustment phase continued in both the domestic and overseas markets. As a result, revenue for the fiscal year under review decreased 11.6% year on year, to ¥83,928 million.

A breakdown of revenue by machinery category shows that revenue of mainstay automatic lathes decreased 11.4% year on year, to ¥70,681 million, revenue of grinding machines decreased 7.5%, to ¥3,954 million, revenue of machining centers, rolling machines and other specialized machines decreased 19.6%, to ¥4,740 million.

Operating profit decreased 21.9% year on year, to ¥13,095 million, and profit attributable to owners of parent declined 30.1% year on year, to ¥5,376 million.

For the consolidated fiscal year ended March 31, 2024, the Company has decided to pay annual dividends of 48 yen per share, including interim dividends of 24 yen per share and year-end dividends of 24 yen per share. For the consolidated fiscal year ending March 31, 2025, the Company plans to pay 48 yen per share, including interim dividends of 24 yen per share and year-end dividends of 24 yen per share.

While continuing to work on expanding sales, improving production efficiency and reducing costs, the Group seeks to offer new products that fully meet customer requirements and enhance the services it provides. Through these efforts, it will consistently aim to raise customer satisfaction and work hard to maintain management structures trusted by customers.

We respectfully ask for the continued support and encouragement of our shareholders.

June 2024
TSUGAMI CORPORATION