Increase in sales and profit in 2Q for DMG MORI; raise in initial salary too

DMG MORI reported its financial results for the first half of the fiscal year ending December 31, 2022, on August 4, 2022. The company has adopted International Financial Reporting Standards (IFRS), and its sales revenue, which corresponds to net sales, increased 22.4% year-on-year (YoY) to 218,207 million yen, operating income increased 73.3% YoY to 17,688 million yen, and net income increased 85.3% YoY to 11,296 million yen, a significant increase in sales and profit (=figure).

The amount of consolidated orders also increased 37.0% YoY to 299.3 billion yen, and the average order unit price per unit grew to 49.6 million yen. Dr. Masahiko Mori, President of DMG MORI, said, “In addition to the positive impact of the weak yen, automation and digital transformation (DX) solutions also contributed to the growth of the unit price.” While the company maintained its full-year financial forecast, it upwardly revised the amount of orders from the initial “500 billion yen plus extra” to “530 billion yen or more.” The company expects orders to remain strong in the fiscal year ending December 31, 2023, and forecasts sales revenue to reach 500 billion yen.

Together with the announcement of financial statements, the company also announced that it will raise the initial salary for new graduates from coming April. The revision of initial salary is the first time in four years since 2019. Doctoral graduates, for example, will receive 475,000 yen, up from 363,490 yen.