Komori Increases Sales and Returns to Profit

Komori Corporation has published its financial figures for 2021/22, reporting a return to profit and an increase of 22% in consolidated net sales compared to the previous year.

Sales for all divisions amounted to ¥87.6 billion ($643 million), mainly driven by the European market. Profit increased to ¥6.2 billion from a loss of ¥2 billion the previous year. Higher shipping and other costs were more than offset by the sale of non-currency assets and favourable exchanges rates to achieve this result.

Security presses are included within the web offset division, overall sales for which came to ¥12.2 billion. Orders, among others, included new numbering/varnishing NV532 combination presses for the Banque de France and Banca d’Italia printworks, a complete new line for the Central Bank of Turkey, and new offset and intaglio presses to Security Printing and Minting Corporation of India (SPMCIL) for Currency Note Press in Nashhik and Bank Note Press in Dewas.