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 first half of fiscal year 2008; the consolidated sales for April to September 2008 was JPY 42.8billion (US$ 403million), declined by 1.8% from year-earlier, while the operating income was JPY 1.8billion (US$ 17million), down by 25.3% from the previous.
Despite the volatility of the global economy, SATO achieved 2.5% growth in Japan sales, continuing to show market presence by enabling customers to maximise their data capturing methods and operational efficiency. However, outside Japan, SATO faced several challenges including a slowdown in demand, with lower revenues further exacerbated by severely fluctuating exchange rates. Sales of consumables remained fairly stable, but hardware sales were heavily affected in industrial sectors, thus diminishing the momentum of our ongoing restructuring efforts in Europe. SATO is reviewing all possible areas of accounting procedures in Europe to restore the financials to a prudent and conservative state.
“These are challenging times. However, customers’ drive for efficiency and enhanced productivity will continue to create opportunities for SATO. Our "Data Collection Systems (DCS) & Labelling" business model enables operational optimisation and cost reduction, allowing customers to remain competitive. We will focus our efforts on offering innovative solutions grounded in this proven business approach to sustain our success in the long run,” said Kaz Matsuyama, Managing Director of SATO International.
For Investor Relations, please visit http://www.sato.co.jp/english/
*Conversion used in the above News Release is based on an average exchange rate of 1US Dollar = 106.12 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 = 114.43 Japanese Yen.
Contact:
Chee Shin Yee
Communications Manager
SATO International PTE. LTD.
438A, Alexandra Road #05-01/04
Alexandra Technopark
Singapore 119967
Tel: (65) 6271-2122
Fax: (65) 6271-2151
About SATO
SATO (TOKYO: 6287) designs and manufactures hardware, labels, and tags, and develops software to integrate with third-party offerings as automatic identification solutions. These solutions streamline workflows, enabling data capture and visualization for a connected world of productivity, safety, reassurance and sustainability. By giving things a digital identity, SATO helps businesses in retail, manufacturing, food, health care and transport & logistics run smoothly. Founded in 1940, SATO has a presence in 26 countries with a workforce of over 5,700. For the fiscal year ended March 31, 2024, it reported revenues of 143,446 million yen ($992 million*)
For more information about SATO, please visit www.sato-global.com.
*Based on an average exchange rate of 1 USD = 144.58 JPY
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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