On the 14th, Niigata Seiki Co., Ltd. (6400) announced its consolidated financial results for the second quarter of the fiscal year ending December 2024 (January-June 24). Revenue decreased by 0.1% to 4.075 billion yen compared to the same period last year, operating profit increased by 32.3% to 0.198 billion yen, ordinary profit increased by 28.0% to 0.161 billion yen, and net income attributable to parent company shareholders increased by 22.0% to 0.058 billion yen.

For the precision molding dies and molding system business, revenue decreased by 6.6% to 1.307 billion yen compared to the same period last year, and segment profit decreased by 47.9% to 0.018 billion yen. Due to the increased severity of the mold order environment from customers after the COVID-19 pandemic and the impact of rising raw material prices.

For the precision molding and other businesses, revenue increased by 3.7% to 2.825 billion yen compared to the same period last year, and segment profit increased by 62.7% to 0.186 billion yen. The main product, precision molded parts for auto parts, had mid-term orders mainly in the Southeast Asian market.

For the fiscal year ending December 2024, sales are expected to be 8.582 billion yen, an increase of 3.9% compared to the previous year, operating profit is expected to decrease by 9.1% to 0.386 billion yen, ordinary profit is expected to decrease by 10.6% to 0.355 billion yen, and net income attributable to parent company shareholders is expected to decrease by 2.7% to 0.226 billion yen, in line with the initial plan.