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Established in 1950, Star Micronics Co., Ltd. possesses the strength of developing and manufacturing high-added value products based on its core technologies of small-scale precision processing and assembly, aiming for more than half a century to realize businesses that “generate the greatest impact from the least materials.” From early period, we have looked overseas for business opportunities and promoted growth strategies with an emphasis on profitability in the global niche markets since the company was established. Going forward, Star Micronics will leverage the strength it has built up to develop its businesses and further raise its corporate value.

Group’s performance in the Second Quarter of Fiscal 2019.

取締役社長佐藤衛写真 Looking at the major markets in which the Star Micronics Group operates, and despite signs of a temporary curb on capital investments as a result of prolonged issues relating to the U.K.’s exit from the European Union throughout Europe, overall demand in the Company related machine tools market remained strong during the second quarter cumulative period of fiscal 2019. In the POS related market in the Special Products Segment, operating conditions were mixed. On the one hand, demand was firm in Japan. On the other hand, demand stalled in overseas markets and mainly in Europe. In precision products related markets, demand was sluggish for both wristwatch and non-wristwatch components. Under these circumstances, the Star Micronics Group reported sales of ¥31,412 million for the second quarter of the fiscal year under review. From a profit perspective, operating income came to ¥3,269 million, ordinary income was ¥3,536 million, and net income attributable to owners of parent amounted to ¥2,406 million after posting business restructuring expenses related to the Precision Products Segment.

To Our Shareholders

・Corporate Governance

Star Micronics transitioned to a company with an audit and supervisory committee in May 2016 in order to further strengthen the supervisory function of the Board of Directors and reinforce corporate governance. At the same time, steps were also taken to ensure that a majority, or four, of the seven-member Board of Directors was comprised of outside directors. Looking ahead, we will continue to clarify the supervisory and executive functions of management and work diligently to lift the pace at which we carry out our business strategies.

・Return of profits to shareholders

From a shareholders’ return perspective, Star Micronics’ basic policy is to target a total consolidated payout ratio of 50% or more, including the repurchase of own shares, while taking into consideration its consolidated dividend on equity (DOE).
Based on this policy, the interim dividend per share for the fiscal year under review was ¥28, an increase of ¥1 from the interim dividend for the previous fiscal year. The year-end dividend is also planned to be ¥28 per share, and the annual dividend forecast for the current fiscal year, including the interim dividend, will be ¥56, an increase of ¥2 from the previous fiscal year.
We look forward to the continued support and encouragement of all our shareholders in the future.

September 2019

Representative Director, President and CEO Mamoru Sato

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