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Representative Director,President and CEO Mamoru Sato

To Our Shareholders

Effective from the fiscal period under review (the 10-month period ended December 31, 2018), Star Micronics changed its account settlement date from the end of February to December 31. Despite this change, the Star Micronics Group reported net sales of ¥65,940 million. This was largely due to record high sales of machine tools. From a profit perspective, operating income came to ¥9,712 million. Net income attributable to owners of the parent amounted to ¥6,795 million after posting business restructuring expenses related to the Precision Products Segment.

There were concerns of a lull in demand at the beginning of the period compared with the previous fiscal year in which sales and profits grew substantially as a result of robust trends in the Machine Tools Segment. Despite these concerns, demand remained brisk with the Group reporting strong results including record high monthly orders of machine tools in March 2018. As far as production was concerned, although supply was tight in connection with the procurement of parts, the Group took positive steps to improve productivity and was successful in maintaining strong sales. Turning to its other businesses, demand for POS-related products was firm mainly in the European and U.S. markets in the Special Products Segment. While a portion of demand for non-wristwatch components including components for hard disk drives (HDDs) was sluggish, trends in demand for wristwatch components was robust in the Precision Products Segment.

Looking outside the Group’s mainstay business activities, Star Micronics opened a Tokyo Office in July 2018. In addition to housing the operations of Star Marketing Japan Co., Ltd., a subsidiary charged with the responsibility of expanding special product sales in Japan, this Tokyo Office is expected to serve as a new research and development base for the Group in Tokyo. As well as concentrating on software R&D, plans are in place to utilize the Tokyo Office as an access point to cutting-edge technologies, information, and knowledge together with personal and other connections.

Moving forward, the Star Micronics Group will work in unison to further enhance its corporate value.

As we endeavor to achieve our established goals, we kindly request your continued support and understanding.

March 2019

Mamoru Sato

Representative Director,
President and CEO

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