We implement the Three-year Business Plan,
BEACON 2030 Phase II, which started from FY2024,
by conducting six key measures.

Hirokazu Ogino,  
Representative Director,
President and Chief Executive Officer

First, we would like to sincerely thank our shareholders for your continued support.

We hereby report the results for the first half of FY2024 ending March 31, 2025.

In the first half of FY2024, domestic sales remained generally in line with our expectations. Internationally, sales in Asia & Other, mainly in China and the Middle East & Africa, fell short of our expectations. In the second half of FY2024, in Japan, sales of AEDs will continue to increase favorably, while sales of locally purchased products will be lower than our expectations. Internationally, the impact of the anti-corruption campaign in China is expected to continue and sales of Defibtech’s AEDs will be lower than our expectations due to inventory adjustments at distributors in each country. In North America, sales of patient monitors and ventilators will increase favorably, exceeding our expectations. We anticipate a recovery in both sales and income in the second half of FY2024, but the recovery is not expected to offset the falls in the first half. We will continue to focus on selling in-house products and strive to reform the profit structure of the entire Group.
The interim dividend for the first half of FY2024 was 15 yen per share. Effective July 1, 2024, each share of common stock was split into two shares. The Company also cancelled 5.5 million shares of its treasury shares on July 19, 2024. In addition, the Company will acquire up to 10 billion yen of its own shares from August 2024 to March 2025.
In the Three-year Business Plan, which started from FY2024, we aim to achieve targets for three indicators: growth, profitability, and capital efficiency, by conducting six key measures including “Enhance product competitiveness”, “Focus on growth of North America Business”, and “Implement the reform of the profit structure”. Although we have set high targets that are distinct from those of the past, we will achieve the Three-year Business Plan by implementing the reform of the profit structure and transforming into a company creating high added value.

We deeply appreciate your continued support.