Mimaki announces strong results for the Fiscal Year ended 31 March 2025

Mimaki posted its fiscal year end results in May, issuing the following statement;

During the fiscal year ended March 31, 2025, the global economy remained uncertain amid rising geopolitical risks, including heightened tensions in the Middle East and ongoing U.S.–China confrontation. Inflation and tight monetary policies continued to impact global demand. North America saw steady growth supported by personal consumption, while Europe faced downward economic pressure due to prolonged high energy prices and the Ukraine crisis. In Japan, exports and inbound demand from tourism contributed to a recovery in capital investment, although uncertainties remained.

Under these conditions, the Mimaki Group advanced key initiatives under its medium- to long-term growth strategy, Mimaki V10. The Group focused on new product development, adapting to rapid market changes, and improving profitability. Notable developments during the year included:

• Textile & Apparel (TA) Market: Launch of Tx330-1800/1800B textile printers and joint development of the Neo-Chromato Process for decolouring and up-cycling polyester, which received the Senken Gosen Award for sustainability.

• Industrial Products (IP) Market: Release of large-format JFX600-2531/2513 models with strong initial sales.

• Profitability Improvement: Shift away from high-cost pandemic-era materials and cost reductions in ink production.

2. Financial Performance

• Net Sales: ¥83,963 million (up 11.0% YoY – record high)

• Operating Profit: ¥9,111 million (up 66.2% YoY)

• Ordinary Profit: ¥8,441 million (up 72.9% YoY)

• Profit Attributable to Owners of Parent: ¥6,156 million (up 66.0% YoY)

The Group achieved a 10% operating profit margin—a key KPI under the Mimaki V10 strategy—one year ahead of schedule. Exchange rate effects also contributed positively to overall performance.

3. Segment Performance

By Region

• Japan, Asia & Oceania: ¥37,991 million (up 11.8% YoY)
  Strong sales of flagship UV models in the SG market.
  TA market saw notable growth in DTF printer and ink sales.
  IP and FA businesses remained firm, with stable semiconductor-related demand.
  In Asia, IP sales—especially small FB models—grew sharply, with contributions from China, the Philippines, and Thailand.

• North & Latin America: ¥24,080 million (up 12.0% YoY)
  SG market growth driven by UV printer sales.
  Strong IP market performance and ink sales across all segments.
  TA hardware sales declined as DTF demand cooled after a strong first half.
  Brazil and Mexico contributed significantly to the regional performance.

• Europe, Middle East & Africa: ¥21,891 million (up 8.7% YoY)
  SG market growth led by UV models.
  IP market saw gains in both small FB and large-format printers.
  TA market sales were stable, with sublimation printers performing well despite a slowdown in DTF demand.
  Notable sales increases in Germany, the UK, Spain, Portugal, and the UAE.

By Market

• SG Market: ¥33,994 million (up 14.9% YoY)
  Strong double-digit growth in printer and ink sales, especially UV models across all regions.

• IP Market: ¥22,084 million (up 10.2% YoY)
  Growth led by small FB printers and new JFX200-1213EX.
  Ink sales remained robust, supported by favourable exchange rates.

• TA Market: ¥10,324 million (up 9.0% YoY)
  Ink sales grew significantly with more units in operation.
  Hardware sales declined after DTF demand normalised post-initial surge.

• FA Business: ¥5,053 million (up 11.5% YoY)
  Automotive and PCB mounting equipment remained strong.
  Semiconductor equipment sales held steady.