Singapore - SATO, a pioneer in the Automatic Identification and Data Collection (AIDC) industry and a leader in barcode printing, labelling, and EPC/RFID solutions announced its financial results for the fiscal 2009 first quarter; the consolidated sales was JPY 17.9billion (US$ 184million), a decline of 17.0% from the year earlier, but up by 7.3% globally compared to fiscal 2008 fourth quarter performance. Likewise, operating income was JPY 0.2billion (US$ 2million), down by 83.5% from the year earlier but recovering from JPY 1.1billion (US$ 12million) loss incurred during the last quarter; a positive impact of the cost reduction effort such as group-wide structural reform.
“This faster-than-expected sign of recovery, including the 6.0% growth achieved by our combined businesses outside of Japan against fiscal 2008 fourth quarter, is especially evident in media deals, picking up as the production returns in the manufacturing sector. With half-year forecast earnings revised upwards, we are confident of maintaining the momentum despite the challenging economic environment,” said Kaz Matsuyama, Managing Director of SATO International.
*Conversion used in the above news release is based on an average exchange rate of 1 US Dollar = 97.36 Japanese Yen.
About SATO International
SATO’s international global headquarters, SATO International Pte. Ltd. is located in Singapore. Previously an international division, it was incorporated as a holding company in Singapore in 2001 to oversee the sales, marketing and customer services activities of all its Group Member Companies. More information about SATO International can be found at www.satoworldwide.com
*Conversion is based on an average exchange rate of 1US Dollar = 100.71 Japanese Yen.
Contact:
Yuji Shimizu (Mr)
Senior Manager, Corporate Planning
SATO International PTE. LTD.
438A, Alexandra Road #05-01/04
Alexandra Technopark
Singapore 119967
Tel: (65) 6271-2122
Fax: (65) 6271-2151
Email: [email protected]
About SATO
SATO (TOKYO:6287) is a global auto-ID solutions provider for leading manufacturing, logistics, retail, food & beverage, health care companies. With a bottom-up understanding of on-site use applications, SATO tags items with identifiers to improve supply chain flows of tomorrow by solving managerial and operational challenges of today. An industry pioneer with 79 years of expertise and a 5,000+ strong global workforce in 27 countries, SATO engineers solutions to streamline operations, boost accuracy, support sustainability initiatives, provide assurance and emotional connections, extending value all the way to the consumer. For the fiscal year ending March 31, 2019, it reported revenues of JPY 116,179 million (USD 1.05 billion*). More information about SATO can be found at www.satoworldwide.com, LinkedIn and Twitter.
*Conversion is based on an average exchange rate of 1 US Dollar = 110.92 Japanese Yen
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Media Inquiries - SATO Holdings
For Media Inquiries:
Kevin Leidheiser,
Public Relations Group,
SATO Holdings Corporation
[email protected]
Tel: +81-3-5745-3412