Overview by Region

FY ended March 2023
 

• Japan: Sales decreased 0.4%. Nihon Kohden concentrated on enhancing sales activities which match each market; the acute care hospital market, the small and mid-sized hospital market, and the clinic market. The Company also focused on consumables and services business as well as strengthening its marketing and service capabilities, creating customer value propositions that contributed to improving medical safety, patient outcomes, and operating efficiency. Domestic sales decreased due to a reactionary decline in demand for patient monitors and ventilators, large numbers of which had been installed to treat COVID-19 patients in FY2021. On the other hand, sales of Physiological Measuring Equipment and hematology instruments increased favorably as the number of testing and surgical procedures showed a recovery trend and capital expenditure by medical institutions resumed. Sales in the university and clinic market increased, while sales in the public hospital and private hospital markets decreased. Sales of AEDs in the PAD markets also decreased.
   
• International: Sales increased 3.0%. Sales increased on a yen basis due to yen depreciation, while sales in all regions decreased on a local currency basis. It was affected by a reactionary decline in sales of Patient Monitors and ventilators compared to strong demand in FY2021 in regions where the spread of COVID-19 had resurged, as well as the Shanghai lockdown from the end of March to the end of May 2022. Sales in the Americas and Europe increased on a yen basis, while sales in Asia & Other decreased. 
   

FY ended March 2023
 

• Americas: Sales increased 10.1%. Sales in the U.S. increased on a yen basis. Sales in Latin America decreased, mainly in Mexico and Chile. 
   
• Europe: Sales increased 7.9%. Sales decreased on a local currency basis and increased on a yen basis. Sales in France and Spain decreased, while sales in Germany and the U.K. increased favorably. 
   
• Asia & Other: Sales decreased 9.3%. There was the reactionary decline in Egypt, India, and Vietnam where sales showed strong growth in FY2021. Sales also decreased in China, where patient monitors were installed due to the COVID-19 resurgence in December 2022, but not enough to cover the impact from the Shanghai lockdown.

Overseas Sales Composition by Geographic Segments
in FY ended March 2023

Overseas Sales by Geographic Segments

Years ended March 31