Update: 2023/05/09


  FY22 FY23 forecast (5/9) Difference
Sales(Billion of yen) 456.5 470.0 13.5
Operating income(Billion of yen) 44.4 48.0 3.6
Ordinary income(Billion of yen) 48.6 49.0 0.4
Net income(Billion of yen) 38.9 44.0 5.1
Earnings per share (yen) 145.81 164.84 19.03

Financial Forecasts by Segment

From FY21, the segment name of the "test and measurement business" has been changed to "measuring instruments business." At the same time, the segment of life innovation business, which was included in the former "test and measurement business," has been changed from the "measuring instruments business" to the "industrial automation and control business."
The FY21 figures have been changed based on the new segmentation.
The name of the business segment previously known as the “aviation and other businesses” has been changed to the “new businesses and others” since FY2022 following the transfer of the aviation equipment business.


(Billion of yen)

  FY22 FY23 forecast (5/9) Difference
Control 485.4 457.5 (27.9)
Measuring instrument 28.6 28.5 (0.1)
New Businesses and Others 4.3 4.0 (0.3)


(Billion of yen)

  FY22 FY23 forecast (5/9) Difference
Control 427.6 440.5 12.9
Measuring instrument 25.1 25.5 0.4
New Businesses and Others 3.8 4.0 0.2

Operating income

(Billion of yen)

  FY22 FY23 forecast (5/9) Difference
Control 41.1 44.5 3.4
Measuring instrument 4.6 5.0 0.4
New Businesses and Others (1.3) (1.5) (0.2)

<Cautions concerning the use of business forecasts>

As the above business forecast is based on certain assumptions judged by the Company to be reasonable at present, actual business results may differ.
The main factors that may cause changes in the results are as follows.

  • Changes in foreign exchange rates, particularly the U.S. dollar, the euro, Asian currencies, and the currencies of the Middle East
  • Sudden changes in the price of crude oil
  • Sudden changes in the political and economic situation in major markets
  • Geopolitical risks in the Middle East and East Asia, etc.
  • Changes in the business environment such as revisions to trade regulations
  • Dramatic shifts in product supply and demand in the market
  • Changes in Japanese share prices
  • Protection of the Company's patents and securement of the licensing of patents held by other companies
  • M&A and business alliances with other companies for purposes such as product development
  • Occurrences of natural disasters such as earthquakes, floods, and tsunamis