Based on the company’s presentation that includes its Q3 results, Komori is forecasting a 4% increase in order intake to 950 hundred million Yen for the full year, which translates to Euro 826 million in comparison to the previous year’s 917 hundred million Yen (Euro 798 million).
The net sales for the company for FY 2016-17 are forecast to reach 905 hundred million Yen, which translates to Euro 787 million. This forecast is in expectation of a 5% decline in net sales for the year but includes expectations of a strong Q4 for the year ending 31 March 2017. The net sales for FY 2015-16 were 953 hundred million Yen, which is equal to Euro 829 million.
Sales are expected to improve slightly in Europe by 1% and to fall in Japan by 10%, North America 21% and most significantly in China. Komori press sales are forecast to drop in China by 39% over the year just ended, an outcome of poor sales over at least the past five quarters. On the other hand, sales in ‘other region,’ which includes India, are up by 55% for the 2016-17 financial year. Komori did have another successful year in India although the number of press installs was slightly lower than the previous year, an outcome attributed to some extent of the demonetization effect on industry.
Komori’s human resources continue to be at an extremely trim level in comparison to its own sales and that of the offset press manufacturers although slightly higher than the previous year at 2240 employees.
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