April 18, 2018
DMG MORI announced the fiscal year ended December 2017, on February 13, 2018.
Based in International Financial Reporting Standards (IFRS), sales revenue increased by 14.1% from the same period of the previous year to 429,664 million yen.
Operating profit rose by 15 times to 29,391 million yen from the previous year.
Profit before taxes turned to profit to 24,800 million yen.
Net income is 15,676 million yen. Net income attributable to owners of the parent company was 15,263 million yen.
Sales and profits increased significantly in favorable market conditions.
In fiscal 2018, they aim to achieve revenue of 450 billion yen.
This target is the same as the target set out in the medium-term management plan “2020 Vision”, and if it can be realized it will be achieved two years ahead of schedule.
New initiatives were also announced. In order to spread 5 axis control machining center to Japanese market, DMG Mori lend out 5 axis MC “DMU 50 3rd Generation” to 50 companies nationwide for 1 year. Furthermore, lecturers are also sent on a regular basis.
“The share of 5 axis machines in the MC market are about 50% in Europe, but only about 15% in Japan. We want to first expand the how to use of 5 axis machines and make them be popular,” says Masahiko Mori, the president of DMG Mori.