Decreased in net sales and profits year on year Full-year financial forecasts were revised downward
（Unit: million)
1H FY3/22
1H FY3/23
Full-year
Progress
Actual
Actual
Forecasts
Rate
Net Sales
4,821
4,768
9,370
+32.6%
-1.1%
50.9%
YoY changes
-1.6%
Operating profit
1,114
960
1,790
+175.7%
-13.8%
53.6%
YoY changes
-15.2%
Ordinary profit
1,130
955
1,790
+154.6%
-15.5%
53.4%
YoY changes
-17.0%
Profit attributable to
770
620
1,210
owners of parent
51.2%
+180.2%
-19.6%
YoY changes
-20.5%
The automotive industry continued to experience weak demand due to continued production cutbacks following the impact of some parts shortages and supply restrictions. The market of semiconductor and electronic components and devices, which had been brisk, slowed down as demand for smartphones and PCs showed signs of stabilization.
Consolidated net sales were ¥4,768 million, down 1.1% YoY.
Consolidated ordinary profit was ¥955 million, down 15.5% YoY. Ordinary profit margin was 20.0%, down 3.5 pp YoY.
Due to concerns about an economic recession toward the 2H FY3/23 and the expected cost increases, the full-year financial forecasts were revised downward in October. (Please see p.14)
Domestic net sales decreased by ¥136 million, down 4.1% YoY, while overseas net sales increased by ¥84 million, up 5.6% YoY. Overall net sales decreased by ¥52 million, down 1.1% YoY.
Cost of sales decreased by ¥24 million, down 1.1% YoY, decreasing rate was about the same as net sales.
SG&A expenses increased by ¥126 million, up 9.0% YoY. Selling expenses, including exhibition costs and advertising expenses, increased by 55.4% YoY due to the three large-scale exhibitions held in 1H FY3/23 and displays at the increasing in-person exhibitions.
As a result, operating profit decreased by ¥154 million, down 13.8% YoY, to ¥960 million, and operating profit margin was 20.1%, down 3.0 pp YoY.
NS Tool Co. Ltd. published this content on 18 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2022 11:51:19 UTC.
NS Tool Co Ltd is a Japan-based company mainly engaged in the production and sale of end mills, which are cutting tools that are attached to machining centers (machine tools) to process metals. The Company operates in two business segments. End Mill segment is engaged in the manufacture and sale of cutting tools centering on carbide small-diameter end mills. Others segment is engaged in the manufacture and sale of plastic moldings focusing on tool cases. The product sizes include end mill (6mm or less), end mill (over 6mm), and end mill (others).
NS TOOL CO., LTD. 
