nihonkohden

Financial Data

Latest Financial Results

1st Half of FY2019 ending March 2020

Financial Highlights

  • Overall sales increased 13.5% over the 1st half of FY2018. In Japan, we introduced new products which match each market; the acute care hospital market, the small and mid-sized hospital market, and the clinic market. The Company also strengthened its marketing and service capabilities creating customer value which contributes to improving medical safety, patient outcomes, and operating efficiency. Thanks to last minute surge in demand before consumption tax increase, sales in all markets and all product categories showed double digit growth.  Overseas sales increased favorably driven by strong sales in the Americas, Europe and Other, while sales in Asia decreased.
  • Operating income increased 64.5% not only because of sales increases, but also because some expenses were delayed until the 2nd half of FY2019.
Sales
Operating Income
Ordinary Income
Income Attributable to Owners of Parent
millions of yen
 
FY2018
2Q
(6 months)
FY2019
2Q
(6 months)
YoY
(%)
Sales
(Gross Profit Margin)
79,050
(48.9%)
89,735
(48.3%)
13.5
 
Operating Income
(Operating Income Margin)
4,260
(5.4%)
7,009
(7.8%)
64.5
 
Ordinary Income 5,270 6,334 20.2
Income Attributable to Owners of Parent 3,916 3,943 0.7
Average Exchange Rate
1 US Dollar ¥109.7 ¥109.2  
1 EURO ¥129.2 ¥121.9  

Sales by Product Category

  • Physiological Measuring Equipment: In Japan, sales of polygraphs for cath lab and EP catheters increased favorably. Sales of diagnostic information systems also showed strong growth. Internationally, sales of EEGs increased and sales of ECGs decreased.
  • Patient Monitors: In Japan, sales of bedside monitors showed strong growth. Replacement demand for clinical information systems also increased favorably. Internationally, sales in Asia decreased and sales in the Americas remained flat compared to the 1st half of FY2018. Sales in Europe increased favorably.
  • Treatment Equipment: In Japan, sales of defibrillators and ventilators increased favorably. The new in-house ventilator also contributed to increased sales. Unit sales of AEDs increased favorably, supported by new products launch. Internationally, sales of defibrillators increased favorably in Europe and Africa. Sales of AEDs increased in all areas.
  • Other Medical Equipment: In Japan, sales of hematology instruments showed strong growth in the clinic market. Sales of installation services of medical devices and locally purchased products also increased. Internationally, sales of hematology analyzers showed strong growth in Latin America, the Middle East and Africa. 
Sales by Product Category
millions of yen
  FY2018
2Q
(6 months)
FY2019
2Q
(6 months)
YoY
(%)
Physiological Measuring Equipment 18,351 20,782 13.2
Patient Monitors 27,667 30,855 11.5
Treatment Equipment 14,741 16,558 12.3
Other Medical Equipment 18,290 21,539 17.8
Total 79,050 89,735 13.5
(Reference)      
Products 41,616 47,923 15.2
Consumables and Services 37,433 41,811 11.7

Sales by Region

  • Japan: Thanks to last minute surge in demand before consumption tax increase, sales in all markets showed double-digit growth. Large orders related to construction of new hospitals also contributed to sales increases in the university and public hospital markets.
  • International: In the Americas, sales in the U.S. increased favorably and sales in Latin America also increased favorably, primarily in Mexico and Colombia. Sales in Europe increased favorably thanks to sales increase in Germany and France. Sales in Turkey also recovered. Sales in Asia decreased due to weak sales in Southeast Asia and South Korea, while sales in the Middle East and India increased. Sales in China increased on a local currency basis and slightly decreased on a yen basis. Sales in Other markets increased due to sales recovery in Africa such as South Africa and Egypt.
Domestic Sales
Overseas Sales
millions of yen
  FY2018
2Q
(6 months)
FY2019
2Q
(6 months)
YoY
(%)
Domestic Sales 57,857 67,445 16.6
Overseas Sales
(Overseas Sales Ratio)
21,192
(26.8%)
22,289
(24.8%)
5.2
 
Americas
10,430 11,217 7.5
Europe
3,523 3,778 7.3
Asia
6,659 6,283 -5.6
Other
579 1,009 74.3