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) 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