Securities Code: REPORT · Sublimation inkjet printer with high-gap printhead TS300P-1800 2015.7...
Transcript of Securities Code: REPORT · Sublimation inkjet printer with high-gap printhead TS300P-1800 2015.7...
Interim Business Report
April 1, 2019-September 30, 2019
BUSINESSREPORT
2019.9
Remains of castle 1:378 (160 hours)Southern turret 1:55 (60 hours)
3D model of Ueda Castle
Securities Code:6638
Executive Chairman Akira Ikeda
President Kazuaki Ikeda
Managing Director Kazuyuki Takeuchi
Executive Director Hiroshi Miyake
Director Yasuhiro Haba
Director Koji Shimizu
Director Nariaki Makino
Outside Director Seiko Minomo
Outside Director Ichiro Yamada
Outside Director (Audit and Supervisory Committee Member) Yoh Zenno
Director (Audit and Supervisory Committee Member) Noriyuki Tanaka
Outside Director (Audit and Supervisory Committee Member) Makoto Tanaka
Outside Director (Audit and Supervisory Committee Member) Hisamitsu Arai
Corporate ProfileCorporate Name MIMAKI ENGINEERING CO., LTD.Foundation August 1975Capital 4,357 million yenBusinesses Development, manufacturing, and sales
of computer devices and softwareEmployees 2,023 (consolidated)
836 (parent company only)
Board Members
Ownership Breakdown
Shareholder nameNumber of shares held
(shares)Investment ratio
(%)
Ikeda Holdings, Inc. 4,497,200 15.25
Tanaka Kikaku Ltd. 2,330,000 7.90
Noriyuki Tanaka 2,026,800 6.87
Tokyo Small and Medium Business Investment & Consultation Co., Ltd. 1,524,000 5.17
MIMAKI ENGINEERING Employee Stock Ownership 1,422,400 4.82
State Street Bank and Trust Company 505019 1,304,800 4.42
The Master Trust Bank of Japan, Ltd. 1,274,200 4.32
The Hachijuni Bank, Ltd. 840,000 2.85
Adeki Partners Co., Ltd. 833,200 2.83
Epson Avasys Corporation 720,000 2.44
Stock InformationNumber of Authorized Shares 128,160,000 shares
Number of Issued Shares 32,040,000 shares
Number of Shareholders 5,408
Major Shareholders
Accounting AuditorDeloitte Touche Tohmatsu LLC
Business year From April 1 to March 31
General meeting of shareholders
Within three months from the end of each business year
Record date Annual meeting of shareholders March 31Year-end dividend March 31Interim dividend September 30, or a date announced beforehand if necessary.
Share unit 100 shares
Shareholder registry administrator
Mitsubishi UFJ Trust and Banking Corporation4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8212, Japan
Contact details for the above
Mitsubishi UFJ Trust and Banking CorporationTransfer Agent Department1-1, Nikkocho, Fuchu-shi, Tokyo, JapanTel: 0120-232-711 (toll free in Japan)
Mail address P.O. Box No. 29, Shin-Tokyo Post Office 137-8081, JapanMitsubishi UFJ Trust and Banking CorporationTransfer Agent Department
Method of public notice
Public notices are posted on our website (https://ir.mimaki.com/, in Japanese). However, if an electronic public notice cannot be given due to unavoidable circumstances, it will be published in the Nihon Keizai Shimbun.
Listings Tokyo Stock Exchange First Section
Securities code 6638
Notes:
1. For inquiries on address changes or other procedures pertaining to shares, please contact the account management institution (securities firm, etc.) with which your account is held. Please note that the shareholder registry administrator (Mitsubishi UFJ Trust and Banking Corporation) cannot handle these procedures.
2. Unreceived dividends are paid at the head office of Mitsubishi UFJ Trust and Banking Corporation.
Shareholder Information
Financial institutions
Financial instruments firms
Other Japanese corporations
Overseas corporations, etc.
Individuals and others
Treasury shares
303,461 shares (0.95%) 3,400,765 shares (10.61%)
4,066,100 shares (12.69%) 2,545,767 shares (7.95%)
10,446,701 shares (32.60%) 11,277,206 shares (35.20%)
Company Profile / Stock Information (As of September 30, 2019)
To remain as a group of innovators and to fully exploit the personal characteristics
and abilities of every employee, we began a new system with small groups called
GIPS (Group Independent Profitability management system). We also reorganized
into five divisions— Corporate Planning, Research and Development, Sales,
Production, and Administration—so that we can promptly identify potential market
needs and provide solutions.
With GIPS every group will now have a clear role and responsibilities and will
work cooperatively as if each group were an independent small factory.
The added value as the “fruit” of the activities of each group will be made
clear, and in order to improve the profitability of their own division, all members of
the group (centered on a leader) will share issues and ways to resolve them.
Through these activities, all employees will participate in
management and everyone will have efficiency in mind. In this
way, we are looking to make our company an aggregate of
“small fruits like a cluster of grapes.”
ManagementVision
MIMAKI develops new organization and corporate image
1 2 3 4
We aim to be a market leader in digital on-demand production by developing market-oriented products with our proprietary raster technology (for inkjets, etc.) and vector technology (for cutting plotters, etc.)
We aspire to become a “Development-oriented Enterprise” with our own technology and our own brand of products throughout the world
We aim to become a company that can adapt and quickly provide our products that will satisfy the customers
We strive to become an innovator always providing “something new, something different” in the market
We aim at creating a corporate culture where our individual employees can exploit their personal characteristics and abilities to the fullest extent
Akira IkedaExecutive Chairman
Kazuaki IkedaPresident
Management Policy
1 2
1987 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20112010 2012 20131996 2014 2020/3 (forecast)2016 2017 2018 20192015
SGTA SG
SG
IP IPIP TA IPTA
3DSG
TA
World’s first Inkjet printer using water-based pigment ink
JV-1300
World’s first Inkjet printer using UV-curable white ink
UJF-605C
2004.3
World’s first Low-cost desktop UV LED curable inkjet printer
UJF-3042
2010.2
Industry’s lowest-cost Large flatbed UV LED curable inkjet printer
JFX200-2513
2013.12
World’s first Sublimation inkjet printer with high-gap printhead
TS300P-1800
2015.7
World’s first Direct textile inkjet printer with high-gap printhead
Tx300P-1800
2015.12
Water-based sublimation transfer inkjet printer
TS55-1800Large flatbed UV LEDcurable inkjet printer
JFX200-2513EX
2019.3 2019.5
World’s first High-definition, low-cost Eco-solvent inkjet printer
2002.9
JV3-130S
2017.11
Print & cut inkjet printerusing UV-curable ink
Hybrid digital textile printer
Next-generation inkjet printerusing Eco-solvent inkUCJV300-160/
150-160 3DUJ-553
World’s first Piezoelectric textile inkjet printer
1998.10
Tx-1600S
World’s first Cutting plotter using the eccentric cut method
1987.3
1996.10
MF-220C
World’s first UV LED 3D inkjet printer capable of full-color modeling using more than 10 million colors
2017.11
As a market leader in digital on-demand production, we will continue to create new markets and customers
by identifying diverse needs promptly and accurately and by providing products that target these needs.
65,000
60,000
55,000
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Net sales(millions of yen)
The history of MIMAKI: Continual innovation
TASG
Tx300P-1800Mk ⅡJV300-130Plus
NEW
NEW
NEW
2019.9 2019.11
PrintersFull range of products that meet the needs
of every market
InksWide range of original
functional inks suitable for a range of printing purposes
SoftwareSoftware that expands
the possibilities of products
Cutting plottersProduct lineup based
on a track record over 30 years of sales
ManufacturingResearch andDevelopment Sales Technical and
Maintenance Service
Comprehensive proposals to meet market needs
Customer (end-user) needs
Providingsolutions
Quickly meeting customer needs
MIMAKI is a development-driven company that provides integrated services through the development,
manufacturing, sales, and maintenance service of products, such as industrial inkjet printers, cutting plotters,
and inks. Using our proprietary raster technology (for inkjets, etc.) and vector technology (for cutting
plotters, etc.), we will drive the further development of digital on-demand printing, seeking to become a
development-driven company whose products provide satisfaction to customers.
Diversified small-lot production Shifting to higher added value for production items
Lead time reduction
Cost reduction
Just in time Inventory reduction Environmental management
Building an e-commerce environment (retail)Labor-saving / Unattended operation
SG IP TA
Business Outline
3 4
Providing products for three markets and developing the FA businessGrowing markets by always providing products optimized for every customer in every market
SG
Sign Graphics Textile & Apparel
Industrial Products Factory Automation
Creating a variety of visual
communication materials
for business use, such
as advertisements and
signboards including large
posters, car wrappings,
soft signs, and display
panels
Meeting growing needs in
the furniture industry as
well as the fast fashion
and sportswear industry,
with items such as cloth
before sewing (textiles)
and ready-made clothes
(apparel)
Printing for gifts, novelty
i t ems , cu s t om-made
g o o d s f o r g e n e r a l
consumers, and industrial
p r o d u c t s i n c l u d i n g
instrument panels for
automobiles and control
panels for household
electrical appliances and
others
Developing five businesses
based on vector and
mechatronic technologies
Main printing materials Main printing materials
Main printing materials
• PVC sheeting • banner sheeting• window film, etc.
• plastic • acrylics • glass• metal • wood, etc.
I P
TA
• polyester • rayon• cotton • silk
FA
FA equipment
PCB mounting equipment
Semiconductor production equipment PCB inspection equipment
Metal processing
Examples of applications
Examples of applications
Examples of applications
Markets and the FA Business
5 6
OtherSpare parts, others
Development of the spare partsand peripheral businesses
Annual salesGrowth rate5 -10%
3.0 “Something new, something different”
Until now, our management vision has been expressed as “something new, something different.” Using this slogan helped us to create the industrial inkjet printer market by developing, manufacturing, and selling innovative products. Going forward, by continuing to provide optimal solutions to customers in every market, we aim to be a “truly global company” with annual sales of at least 100 billion yen.
Global development of niche markets
FA business
Proposals for digital transformations
TA market
Expansion of markets by enabling integration with production lines, etc.
IP market
Development of sales channels for 3D printers
Expansion of market share with environmentally friendly products, inks
SG market
20.0
10.0
100billion yen
30.0
40.0
7.1
56.4
4.7
6.3
15.4
22.7
7.1
55.4
5.61.6
17.0
23.9
6.9
52.4
6.0
16.9
22.5
5.5
48.3
5.6
16.2
20.8
4.947.8
5.3
14.6
22.7
4.646.6
5.7
12.5
23.7
Sign GraphicsAdvertisements and signboards
SG
Textile and ApparelFabrics and clothing
TA
Factory Automation Transportation equipment, etc.
FA
Industrial ProductsIndustrial products, promotional products, 3D
I P
FY2014 FY2015 FY2016 FY2017 FY2018 FY2019(forecast)
In four to six years
(Unit: billions of yen)
During the first half of the fiscal year, revenue rose but profit declined, with net sales increasing by 3.4% year on year to 27,363 million yen, and operating profit declining by 63.7% year on year to 551 million yen. Looking at results by market, sales in the Sign Graphics (SG) and the Industrial Products (IP) markets declined, but there were higher revenues in the Textile & Apparel (TA) market. In addition, the Factory Automation (FA) business of the Alpha Design Group, acquired through an M&A in October 2018, was added to the accounts. In the SG market, the UV-curable inkjet printer UCJV series maintained its competitiveness, but conversely there was a decline in net sales for the JV series, which uses solvent inks. In the IP market, sales of the new JFX200-2513EX, a large-format model launched in May, have been strong, but the mainstay UJF series, consisting of smaller products, recorded a decline in net sales. In the TA market, the new TS55-1800 that went onto the market in March drove up revenues. Note that the “FA business” is a general term for the operations undertaken by the Alpha Design Group, which consist primarily of factory automation equipment and PCB mounting equipment. Because the FA segment was consolidated in the fourth quarter of the previous fiscal year, revenue increased for the first six months of the current fiscal year. Looking at net sales by region, the yen appreciated more than expected against the euro, and conditions in Europe were difficult due to economic stagnation in the major countries, but other regions were generally solid. In China in particular, where our market share had until now continued to shrink, rebuilding our sales channels is finally showing results, and revenue has begun trending upward. Moreover, the North American, Japanese, Asian, and Oceania markets remained favorable. The following four factors accounted for the majority of the decline in profit: 1. falling profitability in the SG and IP markets as a result of intensifying competition; 2. delays in controlling expenses that should move in line with net sales; 3. deteriorating profitability in the FA segment following fewer orders received; 4. appreciation of the yen against the euro and against the currencies of developing countries, resulting in lower profit margins.
Our consolidated forecasts for the year ending March 31, 2020 (the current fiscal year) have been revised downward: net sales of 56,450 million yen (down 1.8% year on year) and operating profit of 1,450 million yen (down 51.8% year on year). The main reason for the
On behalf of MIMAKI Engineering, I offer my heartfelt appreciation for the continued support of
our shareholders. I would like to take this opportunity to extend our deepest sympathies to those
affected by the torrential rains and typhoons, and to offer our sincere prayers for the speedy
recovery of the communities hit by these disasters. Below we provide a report on the state of
business during the first half of our 45th term (from April 1, 2019 to September 30, 2019).
Kazuaki IkedaPresident, MIMAKI ENGINEERING CO., LTD.
Overview of the first half of the fiscal year ending March 2020 forecast revision was a review of our plans that took into account both recent trading conditions and market trends going forward. Assumptions for the euro exchange rate in the second half were also been revised to reflect the strength of the yen (1€ = 122 yen → 117 yen). For the third quarter and beyond, we have positioned the following as important management issues: 1. For the SG and IP markets, we will roll out sales promotion strategies centered on highly competitive products, while at the same time implementing initiatives to develop new products. 2. We will work to control expenses in a way that corresponds to the rise and fall of net sales. 3. In the FA segment, we will strive to increase both sales and profitability. 4. We will take steps to reduce our sensitivity to forex (foreign exchange) fluctuations, by increasing, over the medium term, the production of ink in the regions where it is consumed. In the current fiscal year, we are assuming a difficult business environment, but there has been no change to our goal of achieving 100 billion yen in annual sales over the medium term. The Company is not only promoting a simple conversion from “analog” to "digital,” but is also proposing the “digital transformation” of production sites, which includes the digitalization of the value chain, in order to maintain our growth path.
Typhoon Hagibis caused widespread flood damage in the Chikuma River basin. As our major buildings, such as our head office and factories, are set up in the Chikuma River area, there was enormous concern expressed by our shareholders. Although there was some minor damage to property and a temporary disruption of supply chains, fortunately there was no loss of life, or flood damage, and I am able to report that there were absolutely no problems in the operation of our business. Also, the warm words of support expressed at the time of the disaster by our stakeholders, including shareholders, have been a source of great reassurance. I offer my sincere gratitude to all those mentioned above. With natural disasters on the increase all over the world, I feel ever more keenly the importance not only of growing the business, but also of doing this sustainably by taking the initiative to conserve and to protect the global environment. I believe that implementing a resource recycling management and technology, based on accurately identifying the previously mentioned “digital transformation,” is one way of responding to shareholders’ expectations. I would be most grateful for your continued guidance and encouragement.
Message to shareholders
Outlook for the fiscal year ending March 31, 2020 and our vision
Growth StrategyMessage from Top Management
7 8
Businesslocationsin Japan
Groupsubsidiaries
SalesBases
Alpha Automation Technology (Shenzhen) Co., Ltd. (China)
Head Office2182-3 Shigeno-Otsu, Tomi-shi, Nagano 389-0512, Japan
Kazawa Factory1333-3 Kazawa, Tomi-shi, Nagano 389-0514, Japan
Nagano Development Center520-1 Kitanagaike, Nagano-shi, Nagano 381-0025, Japan
Hachioji Development Center593-6 Kitano-machi, Hachioji-shi, Tokyo 192-0906, Japan
JP Demonstration Center6F, TOC Bldg., 7-22-17, Nishigotanda, Shinagawa, Tokyo 141-0031, Japan
Tokyo, Osaka, Sapporo, Sendai, Nagano, Yokohama, Saitama, Nishi-Tokyo, Kitakanto (Utsunomiya), Kanazawa, Nagoya, Kyoto, Kobe, Hiroshima, Shikoku (Takamatsu), and Fukuoka
Main branch of subsidiary
Dalian Alpha Design Co., Ltd.(China)
Shanghai Mimaki Trading Co., Ltd.(China)
MIMAKI IJ TECHNOLOGY CO., Ltd.(China)
MIMAKI Lithuania, UAB(Lithuania)
MIMAKI EUROPE B.V.(The Netherlands)
Mimaki Bompan Textile S.r.l. (Italy)
Mimaki Deutschland GmbH(Germany)
Mimaki La Meccanica S.p.A.(Italy)
MIMAKI EURASIA DIJITAL BASKI TEKNOLOJILERI PAZARLAMA VE TICARET LIMITED SIRKETI (Turkey)
MIMAKI (THAILAND)CO., LTD.(Thailand)
MIMAKI AUSTRALIAPTY LTD(Australia)
MIMAKI INDIA PRIVATE LIMITED(India)
MIMAKI SINGAPORE PTE. LTD.(Singapore)
PT. MIMAKI INDONESIA(Indonesia)
MIMAKI BRASIL COMERCIOE IMPORTACAO LTDA(Brazil)
MIMAKI ENGINEERING(TAIWAN) Co., Ltd.(Taiwan)
MIMAKI USA, INC.(U.S.A.)
ALPHA DESIGN CO., LTD.(Japan)
ALPHA SYSTEMS CO., LTD. (Japan)
Tonami Corporation Ltd. (Japan)
MIMAKI PRECISION Co., Ltd.(Japan)
GRAPHIC CREATION Co., Ltd.(Japan)
LUCK’A Inc. (Japan)
Network
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1996 1998
2000
2008
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2009
2010
2011
2012
2013 2017 2019201520112010
2006
2009
2016
2017
TS500P-3200Dye Sublimation Inkjet Printer
February
TS30-1300Dye Sublimation Inkjet Printer
March
UJV55-320UV LED Curable Inkjet Printer
April
MM700-1800BDirect Textile Inkjet Printer
May
Tiger-1800BDirect Textile Inkjet Printer
September
September
September
Mimaki Profile Master 3Color Management System
July
UJF-3042Mk UV LED Curable Flatbed Inkjet Printer
October
UJF-6042Mk UV LED Curable Flatbed Inkjet Printer
October
JFX200-2531Large-Format UV LED Curable Flatbed Inkjet Printer
November
UCJV300-160UCJV150-160New Technology UV LED CurableInkjet Printer Using UV-curable Ink
November
3DUJ-553The World’s First UV LED Curable 3D Printer Capable of Full-color Modeling Using More Than 10 Million Colors
November
JV300-190Solvent Inkjet Printer
CJV300-130/160PlusPrint & Cut Inkjet Printer
JV300-130/160 PlusLarge-Format Inkjet Printer Using Eco-Solvent InkDecember
Tx300P-1800BDirect Textile Inkjet Printer
December
March
UJF-605CFlatbed UV-Curable Inkjet Printer
October
CG-75ML+JV3-75SPPrint & Cut Combination
December
CF2 SeriesFlatbedCutting Plotter
March
UJV-110Roll-Fed UV-Curable Inkjet Printer
June
JV22-130/160Full-Color Inkjet Printer
June
JV3-160SPSolvent Inkjet Printer
October
JV3-75SP /130SPSolvent Inkjet Printer
October
Tx3-1600Digital Textile Inkjet Printer
April
CG-160FXCutting Plotter with High-SpeedCrop-Marker Sensor
June
Fine Cut for CorelCutting Softwarefor Corel Draw
June
CG-130FXCutting Plotter with High-SpeedCrop-MarkerSensor
January
CG-50High-Speed Cutting Plotter
November
CG-100SDHigh-Speed Cutting Plotter
February
HF-500Heat Pen Cutting Plotter
January
CG-6/9/12Low-Cost Cutting Plotter
January
Vector LinkCutting Software for PS(Mac OS)
January
ZusakuGravestone DesignSupport System
April
NC-5Modeling Machine
July
My BrainEngraving System
August
CG-51/61/101/121Low-Cost Cutting Plotter
March
ME-500Engraving Machine
December
MI POPPOP Making System
December
IttoboriSoftware for CuttingGravestone CharacterMasking Sheets
December
VestaCutting Software
October
CAM LINKCutting Data Conversion Software
January
CG-100AP1-Meter-Width ApparelPattern Cutting Plotter
March
My Brain VehicleCutting System forCar Film
May
CG60/100/130EXCutting Plotter withCrop-Marker Sensor
November
CF-0912/1215Large-Format FlatbedCutting Plotter
October
JV-1300Full-Color Inkjet Printerwith Water-BasedPigment Ink
October
Raster LinkSoftware RIP for PS2
April
JV2-130Full-Color Inkjet Printerwith Six-Color Pigment Ink
November
JV2-180Large-FormatFull-Color Inkjet Printer
October
Tx-1600SDigital TextileInkjet Printer
MF-220CA2 Flat Cutting Plotter
June
CG-45Desktop Cutting Plotter
October
CG-60/90For overseas:Cutting Plotter
October
CG-90SDCutting Plotter
January
CG-120Cutting Plotter withAuto-Roll Feeder
June
MC-300SDesktop Cutting Plotter
September
CF-120120-cm-WidthFlatbed Cutting Plotter
November
CG-90APApparel PatternCutting Plotter
December
March
CF-70A1 FlatbedCutting Plotter
December
CG-60StDesktop Cutting Plotter
November
TX LinkSoftware RIPfor Textile Printing
June
CG-100/130LxHigh-Speed Cutting Plotter
January
Fine CutPlug-In Cutting Softwarefor Illustrator
June
CFR-1220Reciprocal Cutter
February
MF-120A2 Flat Pen Plotter[Hokusai]
July
MG-110A1 Pen Plotter[Hokusai]
May
MR-11Thermal Plotter
January
MX-340/360/390Low-Cost Pencil Plotter
November
MR-1600LED Plotter A1 Version
May
MR-1900LED Plotter A0 Version
March
JP-560/590MonochromeInkjet Plotter
December
JP-660/690CFull-Color Inkjet Plotter
April
MX-11/10Servo-Style Pen Plotter
July
MX-11/10PPencil Plotter
April
MX-760/790High-SpeedPencil Plotter
June
JV4-130/160/180Large-Format Full-Color Inkjet Printer
January
DM2-1810Flatbed Inkjet Printer
April
JV3-250SPSuper-Wide Solvent Inkjet Printer
November
GP-604Garment Printer
September
JV3-130S/160SSolvent Inkjet Printer
October
Raster Link ProSoftware RIP for PS3
August
Tx2-1600Digital Textile Inkjet Printer
MarchGP-604DGarment Printer
AprilUJF-605RRoll-Fed UV-Curable Inkjet Printer
MayJV3-250SPFSuper-Wide Solvent Inkjet Printer
August
Raster Link ProSoftware RIP for PS3
OctoberGP-1810DGarment Printer
NovemberDS-1600/1800Direct Dye Sublimation Printer
DecemberJV3-130SLSolvent Inkjet Printer
January
IPF-1610B/1610B-UIndustrial Flatbed UV-Curable Inkjet Printer
February
UJF-3042UV LED CurableFlatbed Inkjet Printer
February
Tx400-1800BDigital Textile Inkjet Printer with Adhesive Belt Carrier System
March
JV34-260Super-Wide-Format Inkjet Printer
February
UJF-3042HGUV LED CurableFlatbed Inkjet Printer
March
JV400-130/160LXLatex Inkjet Printer
April
Raster Link Pro5 SG/IP/TASoftware RIP for PS3
July
Mimaki Profile MasterColor Management System
August
CJV30-60/100/130/160Printer Cutter
August
Raster Link Pro4 SG/IP/TASoftware RIP for PS3
September
UJV-160Hybrid UV LED Curable Inkjet Printer
January
CF3-1631/1610Flatbed Cutting Plotter with Router Head
August
Simple StudioPrint & Cut Application Software
October
Tx400-1800DDigital Textile Inkjet Printer
December
UJF-706Flatbed UV-Curable Inkjet Printer
May
JFX-1631Large-Format UV LED CurableFlatbed Inkjet Printer
March
CG-75/130/160FXMulti Cutting Plotter
August
APC-130Large-Format CAD Cutting Plotter for Apparel
January
JV5-320DSDirect Printing / Dye SublimationGrand-Format Inkjet Printer
TS34-1800ADye Sublimation Printerfor Sports Apparel
November
November
JFX-1631plusLarge-Format UV LEDCurable Flatbed Inkjet Printer
November
JFX-1615plusLarge-Format UV LED Curable Flatbed Inkjet Printer
April
TS500-1800Ultra-High-SpeedDye SublimationInkjet Printer
May
JV400-130/160SUVSolvent UV Inkjet Printer
May
SWJ-320S2/320S4For emerging nations:Grand-FormatSolvent Inkjet Printer
June
Tx500-1800DSDirect Printing SublimissionInkjet Printer
May
RasterLink6IJP Software
September
UJF-3042FXUV LED Curable Flatbed Inkjet Printer
April
High-Quality Cutting Plotter
CG-60/100SRNovember
Flatbed Cutting Plotter
CF22-1225
Multi Cutting Plotter
CG-75/130/160FX Plus
February
Small Flatbed Cutting Plotter
CFL-605RTJuly
Packing Design CAD Software
ArtiosCAD DS
January
Mimaki ProfileMaster Color ManagementSystem
January
UJF-605CFlatbed UV-CurableInkjet Printer
August
UJF-605RRoll-Fed UV-Curable Inkjet Printer
September
Raster Link Pro /IP /TASoftware RIP Compatible with PS3
June
JV5-130S/160SUltrahigh-SpeedSolvent Inkjet Printer
December
JF-1610/1631Large-Format Flatbed UV-Curable Inkjet Printer
October
CG-60SRDesktop Cutting Plotter
March
Simple CutCutting Application Software
November
CG-60SLFor overseas:Low-CostDesktop Cutting Plotter
August
JV33-130/160Solvent Inkjet Printer
August
JV5-320SGrand Format Solvent Inkjet Printer
February
TPC-1000Printer Cutter for Sports Apparel
February
TS3-1600Dye Sublimation Inkjet Printer for Sports Apparel
February
TS5-1600AMFDye Sublimation Inkjet Printer for Sports Apparel
February
JV33-260Super-Wide Solvent Inkjet Printer
May
CG-100SRHigh-Quality Cutting Plotter
October
FineCut8Plug-In Cutting Software
Inkjet Printers
Cutting Plotters
Drafting Plotters
2014
2015
2018
2013
JV300-130/160Solvent Inkjet Printer
June
SIJ-320UVUV LED Curable Inkjet Printer
April
Mimaki Target Color EmulatorColor Management System
February
TS300P-1800Dye Sublimation Inkjet Printer
July
UJF-7151 plusUV LED CurableFlatbed Inkjet Printer
November
TxLink3IJP Software
June
UCJV300-75/107/130Print & Cut Inkjet Printer Using UV-Curable Ink
July
Tx300P-1800Direct Textile Inkjet Printer
December
JV150-130/160Solvent Inkjet Printer
October
CJV300-130/160Printer Cutter
October
CJV150-75/107/130/160Printer Cutter
October
September
JFX500-2131Large-Format UV LED Curable
Flatbed Inkjet Printer
December
UJF-6042UV LED Curable Flatbed Inkjet Printer
April
UJV500-160UV LED Curable Roll-to-Roll Inkjet Printer
Tx500-1800BDigital Textile Inkjet Printer with Adhesive Belt Carrier System
October
JFX200-2513December
Large-Format UV LED CurableFlatbed Inkjet Printer
Tiger-1800B MkInkjet Printer with Adhesive Belt Carrier SystemDirect Textile Model/Dye Sublimation Model
July
2019■March
TS55-1800Water-Based Sublimation Transfer Inkjet Printer
■May
JFX200-2513EXLarge Flatbed UV LED Curable Inkjet Printer
■November
Tx300P -1800MkHybrid Digital Textile Printer
Product Development History
11 12
Our 3D Full-Color Model and Model ing Method (patent no. 6261363) was a w a r d e d t h e N a g a n o Prefectural Governor’s Prize at the 2019 Kanto Region Commendation for Invention Awards, held by the Japan Ins t i tute of Invention and Innovation.
These next-generation products help reform workstyles and reduce the burden on the environment by adding new technology to that which already exists, hence the “Plus” label. We have added the new ID Cut function for continuous automated cutting and a new Ethernet connection for data to be sent to the printer over a network cable. These labor-saving features improve efficiency. In addition, the JV/CJV300-130 Plus adopts an environment-friendly ink cartridge system. By reusing the plastic casing and replacing only the ink pack, this system both helps conserve the env i ronment by reduc ing the amount of p last ic used and i t reduces the unit price of the ink.
I n Augus t 2019 , M IMAK I donated a model of the ruins of Ueda Castle and the southern turret created using our 3D inkjet printer 3DUJ-553 to the city of Ueda in Nagano Prefecture. The model is on display in the Ueda City offices, and is shown at events and by educational institutions to raise awareness of Ueda Castle.
MIMAKI exhibited at the Sign & Display Show 2019 held in August 2019 at Tokyo Big Sight. We offered workflow proposals for production using i nk j e t p r i n t e r s and pos t -processing equipment linked to inkjet printers, and conducted demonstration seminars on car wrapping twice a day.
In September 2019, the Shinshu Ueda Sanada Ninja Festival was held in Ueda City, Nagano P r e f e c t u r e . T h i s f e s t i v a l , helping to revitalize the local community and strengthen social ties, allowed elementary schoolchildren to experience the world of the ninja.
Large-format auto trimmers for safe and efficient tr imming operations, such as cutting signage and POP as well as edging after lamination. Because trimming can be performed by hitting a single switch, the risk of injury to the operator is l e s sened and e f f i c i ency i s improved.
A hybrid textile inkjet printer that prints on both fabric and paper. By using two different types of ink simultaneously, it can be used for a wide range of applications, such as fashion apparel and wallpaper, just by making the switch to the other type of conveyance unit.
1975 August MIMAKI ENGINEERING was founded as a private limited company.
1981 May Reorganized into a stock company, MIMAKI ENGINEERING Co., Ltd.
1983 December Started development of the A2 flatbed pen plotter (RY-1003) for OEMs.
1985 February Started sales of the A2 flat pen plotter under the Hokusai brand.
1986 March Started operation of the Kazawa Factory.
1995 July Founded MIMAKI ENGINEERING (TAIWAN) Co., Ltd.
1999 January Received ISO 9001 certification.
September Founded MIMAKI USA, INC.
2003 October Opened the Nagano Development Center.
2004 April Founded MIMAKI PRECISION Co., Ltd.
April Founded MIMAKI EUROPE B.V.
September Acquired Bokuya Factory in Tomi-shi, Nagano Prefecture.
2005 April Opened the Technical Call Center.
2006 April Acquired GRAPHIC CREATION Co., Ltd. as a subsidiary.
August Relocated the Head Office to Shigeno-Otsu, Tomi-shi, Nagano Prefecture.
2007 March Listed on the JASDAQ Securities Exchange.
December Founded MIMAKI IJ TECHNOLOGY CO., Ltd.
2008 July Acquired Mimaki Deutschland GmbH as a subsidiary.
2009 January Received ISO14001 certification.
June Founded Shanghai Mimaki Trading Co., Ltd.
2010 August Founded MIMAKI PINGHU TRADING CO., LTD.
2011 November Founded PT. MIMAKI INDONESIA.
2013 April Founded MIMAKI AUSTRALIA PTY LTD.
April Founded MIMAKI SINGAPORE PTE. LTD.
July Founded MIMAKI INDIA PRIVATE LIMITED.
2015 March Moved our shares to the Tokyo Stock Exchange First Section.
May Opened the Hachioji Development Center.
Corporate History
SGBegan sales of the JV300-130 Plus, CJV300-130 Plus and CG-130FX Plus
TABegan sales of Tx300P-1800 Mk Began sales of the large-format auto trimmer AT Series
Exhibited at Sign & Display Show 2019
Model of Ueda Castle donated to Ueda City
Awarded the Nagano Prefectural Governor’s Prize at the Kanto Region Commendation for Invention Awards
Hosted the Shinshu Ueda Sanada Ninja Festival
SG
Launched in September 2019
Launched in October 2019 Launched in November 2019
MIMAKI News Flash
13 14
On October 12, 2019, our 3D printing technology was featured on the TV Tokyo Group’s “Jiman shitai hito ga imasu-haikei hinekure three-sama” TV program, which is broadcast from 22:30 to 23:00 every Saturday. The world’s first full-color 3D printer and the outlook for the future were the subject of a special feature, and 3D models of Hashima “Battleship” Island and Kumamoto Castle made with our printer were shown.
2017 February Founded MIMAKI Lithuania, UAB.
June Founded Mimaki Bompan Textile S.r.l.
2018 October Acquired ALPHA DESIGN CO., LTD as a subsidiary.
November Acquired LUCK'A Inc. as a subsidiary.
2019 March Founded MIMAKI (THAILAND) CO., LTD.
2015 July Opened Shigeno Showroom in Tomi-shi, Nagano Prefecture.
2016 April Founded MIMAKI EURASIA DIJITAL BASKI TEKNOLOJILERI PAZARLAMA VE TICARET LIMITED SIRKETI
July Opened the JP Demonstration Center.
JulyOpened the TA and IP Lab Center.
August
October Acquired Mimaki La Meccanica S.p.A. as a subsidiary.
Held IR events aimed at individual investorsSupported the FabCafe exhibition
Started online presentation meetings to explain the Company
In October 2019, we held an online presentation meeting to explain the Company, hosted on the website of SBI Securities. This was the first such meeting held to provide an opportunity for domestic investors throughout Japan to gain a deeper understanding of the Company’s business.
1. Did you previously know the Company?
I knew the details of its business
60%
I would like to add to my positionI will maintain my position
ShareholdersNon-shareholders
Non-shareholdersShareholders
39%
I would like to buy sharesI will consider buying shares
42%
I would like to sell my position
6%
I do not wish to buy shares
13%
40%
I only knew the name of the Company
2. Your view of investing in the Company
MIMAKI supported the Exhibition for 3D Printing of Both Transparency and Color-Nobuaki Fukui Vivid Color Model Exhibition, held from August to September 2019 at FabCafe Tokyo. This was one of the largest domestic exhibitions of full-color 3D-printed models for a single artist, with works showing compelling stories brought to life using our full-color 3D-printing technology. The glass and organisms floating in the sea were vividly represented using MIMAKI’s technology.
In June, September, and October 2019, we held presentation meetings to explain the Company to individual investors. During the Q&A sessions, we responded to a variety of questions and heard a number of opinions from individual investors. Here are some of the results taken from a questionnaire distributed after the meeting.
Distribution date/time: October 31, 2019 to January 31, 2020How to view: The presentation can be viewed by accessing “Seminars” on the SBI Securities website.
Subject of a special feature on the TV Tokyo Group’s “Jiman shitai hito ga imasu - haikei hinekure three-sama” TV program
HOPBOX Nobuaki Fukui
Videotaping the programSample 3D model of Hashima “Battleship” Island
In addition to the latest information and news, our corporate website provides visitors with a deeper understanding of the business, products and services of MIMAKI ENGINEERING. Please have a look.
You may access it here
Official SNS can be found here (Japanese only)
https://ir-eng.mimaki.com/
The QR code to the right may be used for access by cellular phones and smartphones.Corporate Website
https://www.facebook.com/mimakiengineering/Facebook
https://www.youtube.com/user/MimakiPR/videosYouTube
https://www.instagram.com/mimaki_japan/InstagramCompany/IR site top page IR Library
2016
MIMAKI News Flash
15 16
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3 2020.3 2020.3 2020.3
27,363
56,450(forecast)
2019.3
26,455
55,448
551
1,450(forecast)
2019.3
1,520
3,008
449
1,150(forecast)
2019.3
1,225
2,643
181
350(forecast)
2019.3
769
1,680
2018.32017.3
22,885
48,331
25,174
52,471
2018.32017.3
1,1191,110
2,0492,729
2018.32017.3
939
1,746
1,004
2,359
2018.32017.3
388
1,250920
1,833
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3 2020.3 2020.3 2020.3
27,363
56,450(forecast)
2019.3
26,455
55,448
551
1,450(forecast)
2019.3
1,520
3,008
449
1,150(forecast)
2019.3
1,225
2,643
181
350(forecast)
2019.3
769
1,680
2018.32017.3
22,885
48,331
25,174
52,471
2018.32017.3
1,1191,110
2,0492,729
2018.32017.3
939
1,746
1,004
2,359
2018.32017.3
388
1,250920
1,833
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3 2020.3 2020.3 2020.3
27,363
56,450(forecast)
2019.3
26,455
55,448
551
1,450(forecast)
2019.3
1,520
3,008
449
1,150(forecast)
2019.3
1,225
2,643
181
350(forecast)
2019.3
769
1,680
2018.32017.3
22,885
48,331
25,174
52,471
2018.32017.3
1,1191,110
2,0492,729
2018.32017.3
939
1,746
1,004
2,359
2018.32017.3
388
1,250920
1,833
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3 2020.3 2020.3 2020.3
27,363
56,450(forecast)
2019.3
26,455
55,448
551
1,450(forecast)
2019.3
1,520
3,008
449
1,150(forecast)
2019.3
1,225
2,643
181
350(forecast)
2019.3
769
1,680
2018.32017.3
22,885
48,331
25,174
52,471
2018.32017.3
1,1191,110
2,0492,729
2018.32017.3
939
1,746
1,004
2,359
2018.32017.3
388
1,250920
1,833
Percentage of net sales by regionBusiness performance for the first half of this year ending March 2020 Percentage of net sales by product category
67.8%
32.2%43.5%
34.5%
22.0%
15.2%25.5%
17.0%
10.1%
Consolidated net sales outside Japan
Percentage of consolidated net sales
18,554 million yen
67.8%
We provide products and services to customers in
approximately 150 countries and regions
Japan
NorthAmerica Machines
Inks
Others
Europe
Asia, Oceania
Others
Overseas
SG market TA marketIP market
2020.3
8,809
2020.32020.3 2020.3
19,063(forecast)
6,973
14,266(forecast)
7,403
15,054(forecast)
4,178
8,064(forecast)
2019.3
6,587
2019.32019.3 2019.3
15,274
8,082
16,276
7,704
15,618
4,081
8,278
2018.3
6,647
2018.32018.3 2018.3
13,466
7,217
16,357
7,751
15,195
3,558
7,451
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Japan
2020.3
8,809
2020.32020.3 2020.3
19,063(forecast)
6,973
14,266(forecast)
7,403
15,054(forecast)
4,178
8,064(forecast)
2019.3
6,587
2019.32019.3 2019.3
15,274
8,082
16,276
7,704
15,618
4,081
8,278
2018.3
6,647
2018.32018.3 2018.3
13,466
7,217
16,357
7,751
15,195
3,558
7,451
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Asia, Oceania, and Others
2020.3
8,809
2020.32020.3 2020.3
19,063(forecast)
6,973
14,266(forecast)
7,403
15,054(forecast)
4,178
8,064(forecast)
2019.3
6,587
2019.32019.3 2019.3
15,274
8,082
16,276
7,704
15,618
4,081
8,278
2018.3
6,647
2018.32018.3 2018.3
13,466
7,217
16,357
7,751
15,195
3,558
7,451
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Europe
2020.3
8,809
2020.32020.3 2020.3
19,063(forecast)
6,973
14,266(forecast)
7,403
15,054(forecast)
4,178
8,064(forecast)
2019.3
6,587
2019.32019.3 2019.3
15,274
8,082
16,276
7,704
15,618
4,081
8,278
2018.3
6,647
2018.32018.3 2018.3
13,466
7,217
16,357
7,751
15,195
3,558
7,451
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
North America
Business Performance: Key Points
Forecast of the Year-end Dividend for the Fiscal Year
Ending March 2020
7.5 yen per share
Net sales of products for the SG market, such as advertisements and signboards, were 11,193 million yen, down 5.9% year on year. The JV series, a mainstay product line, posted a decline in net sales, resulting in a year-on-year decline in revenue.
Net sales of products for the TA market, such as clothing, fabrics, and others, came to 2,856 million yen, up 4.5% year on year. The new TS55-1800 that went on the market in March drove a year-on-year increase in revenue.
Net sales of items for the IP market, which includes novelty items, industrial products, and others, came to 7,500 million yen, down 10.7% year on year. Net sales grew for the new JFX200-2513EX printer, but net sales of the UJF series fell, causing revenue to decline year on year.
27,363 million yenUp 3.4% year on year
Net sales
551 million yenDown 63.7% year on year
Operating profit
449 million yenDown 63.4% year on year
Ordinary profit
181 million yenDown 76.4% year on year
Profit attributable to owners of parent
Consolidated Performance Highlights for the First Half of the Fiscal Year Ending March 2020 Market Conditions by Region
11,193 million yen
Down 5.9% year on year
2,856 million yen
Up 4.5% year on year
7,500 million yen
Down 10.7% year on year
(Unit: millions of yen) (Unit: millions of yen) (Unit: millions of yen) (Unit: millions of yen)
Performance Highlights by Market for the First Half of the Fiscal Year Ending March 2020
Net sales Operating profit Ordinary profit Profit attributable to owners of parent
56,450 million yen
(Up 1.8% year on year )
1,450 million yen
(Down 51.8% year on year )
1,150 million yen
(Down 56.5% year on year )
350 million yen
(Down 79.2% year on year )
Forecast for Consolidated Business Performance for the Fiscal Year Ending
March 2020
(Unit: millions of yen) (Unit: millions of yen) (Unit: millions of yen)
Percentage of net sales
Percentage of net sales
Percentage of net sales
40.9% 27.4% 10.4%
Percentage of net sales
Percentage of net sales
Percentage of net sales
40.9% 27.4% 10.4%
Percentage of net sales
Percentage of net sales
Percentage of net sales
40.9% 27.4% 10.4%
2020.3
11,193
22,765(forecast)
7,500
15,447(forecast)
2,856
6,341(forecast)
2020.3 2020.32019.3
11,896
23,981
8,400
17,040
2,732
5,616
2019.3 2019.32017.3 2018.3
20,855
10,184 10,562
22,587
8,367
16,934
2,898
6,019
2017.3 2018.3 2017.3 2018.3
7,496
16,292
2,700
5,620
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3
11,193
22,765(forecast)
7,500
15,447(forecast)
2,856
6,341(forecast)
2020.3 2020.32019.3
11,896
23,981
8,400
17,040
2,732
5,616
2019.3 2019.32017.3 2018.3
20,855
10,184 10,562
22,587
8,367
16,934
2,898
6,019
2017.3 2018.3 2017.3 2018.3
7,496
16,292
2,700
5,620
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
2020.3
11,193
22,765(forecast)
7,500
15,447(forecast)
2,856
6,341(forecast)
2020.3 2020.32019.3
11,896
23,981
8,400
17,040
2,732
5,616
2019.3 2019.32017.3 2018.3
20,855
10,184 10,562
22,587
8,367
16,934
2,898
6,019
2017.3 2018.3 2017.3 2018.3
7,496
16,292
2,700
5,620
Full yearFirst half-year
Full yearFirst half-year
Full yearFirst half-year
Net sales: 8,809 million yen Up 33.7% year on year
Due to the contribution to net sales from the Alpha Design Group, which became a consolidated subsidiary in October 2018, revenue increased s ign i f icant ly year on year . Even e x c l u d i n g t h e i m p a c t o f t h i s consolidation, revenue in Japan rose, helped by domestic events, etc.
(Unit: millions of yen)
Net sales: 4,178 million yen Up 2.4% year on year
The North American market remained favorable, and posted year-on-year growth in revenue. The reorganization over the medium term for sales channels into a regionally based network has borne fruit, and the trend for revenue growth is starting to take hold.
(Unit: millions of yen)
Net sales: 6,973 million yen Down 13.7% year on year
The European market, which until now had been growing steadily, recorded a year-on-year decline in revenue due to the strengthening of the yen against the euro as we l l a s weaken ing economies in the major countries, including Germany.
(Unit: millions of yen)
Net sales: 7,403 million yen Down 3.9% year on year
On the face of it, revenues from this region declined, but if compared on a local-currency basis, this region managed to secure year-on-year growth. In China in particular, where revenue had until recently trended downward, the rebuilt sales channels are finally showing results, and revenue has begun to rise. Asia and Oceania have maintained high rates of revenue growth.
(Unit: millions of yen)
17 18