About Us

I will explain our performance in fiscal year 2022.

FY2022 Sales profit/loss:
Our Second half results greatly improved, however, the missed target in the 1st half was too large to be compensated for by the 2nd half results!
Therefore, the following are our expected financial performance for FY2022 (unaudited results).

• Operating income +6.5M PhP
• Income before taxes -5.2M PhP (due to external factors like Foreign Exchange loss on the unusually high depreciation of Japanese Yen).
• Operation Hours: Segment 1 (PLANT GROUP)
  Operations increased in the 2nd half of the fiscal year.
  However, this was not enough to cover the 1st half shortfall.
  In particular, some projects were cancelled or postponed.
  Structural and Boiler & Vessel sections were particularly short of capacity.
  

• Operation Hours: Segment 2 (MACHINERY GROUP)
  Operation Hours Projection was achieved.
  This was especially due to increased operations at SPM and SHI-GB.

• Operation Hours: Segment 3 (SYSTEMS GROUP)
  Operation Hours Projection was not achieved
  Shortfall in SFW and SMIT operations in Engineering Application Section.
  Shortfall in ICT operation in Business Application Section.

• Overall, the Operation Projection for FY2022 was not achieved.

On the other hand, our projection for this year, 2023, are as follows;

FY2023 Original Projection/Budget
FY2023 Sales profit/loss:
Sales profit/loss is projected to be break-even or in a slightly positive side (as softer job demands continue to roll-over for the year).
→ Further improvement is needed and such could be reflected on the second half as our Adjusted Projection.

• Operation Hours: Segment 1 (PLANT GROUP)
  Operating hours decrease from last year.
  However, Structural Section is expected to increase operation.
  

• Operation Hours: Segment 2 (MACHINERY GROUP)
  Operating hours increase from last year.
  However, Sumitomo Construction Machinery and MECHATRONICS may decrease.

• Operation Hours: Segment 3 (SYSTEMS GROUP)
  Operating hours decrease from last year.
  

• Overall, Operation Hours Projection for FY2023 will decrease from last year.

FY2023 Activity Plan (To improve profit/loss):
Some opportunities are possible to engage that will improve our projection and our bottom line for this year.

• Acquisition of New JOBs.
  Focus: TMU projects, Mechatronics, Nihon Spindle, SHI-GB
  
• Improvement of work efficiency.
  
• Utilization of ICT tools – DX.