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Message from TSUGAMI

We are pleased to report our results for the fiscal year ended March 31, 2022.

Looking at the Group’s business environment during the fiscal year under review, the Chinese and other markets remained strong despite an increase in uncertainty in overseas markets. As a result, the Group posted revenue of ¥93,174 million, up 51.1% year on year. A breakdown of consolidated revenue by machinery category shows that revenue of mainstay automatic lathes rose 53.5% year on year, to ¥79,504 million, revenue of grinding machines increased 58.5%, to ¥3,945 million, revenue of machining centers, rolling machines and other specialized machines increased 32.7%, to ¥5,435 million.

Consolidated operating profit increased 97.8% year on year, to ¥18,860 million. Consolidated profit attributable to owners of parent climbed 92.9%, to ¥9,486 million for the fiscal year under review.

For the consolidated fiscal year ended March 31, 2022, the Company has decided to pay annual dividends of 40 yen per share, including interim dividends of 18 yen per share and year-end dividends of 22 yen per share. For the consolidated fiscal year ending March 31, 2023, the Company plans to pay 44 yen per share, including interim dividends of 22 yen per share and year-end dividends of 22 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 2022
TSUGAMI CORPORATION

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