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SSR® computerized flat knitting machine |
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Demand for the highly productive computerized flat knitting machines is being expanded in the mainstay Chinese market. The first quarter of the fiscal year under review saw sales there grow centering on SSR®, which was rolled out in the preceding fiscal year. However, in the second quarter, the amount of orders on knit products received from European and U.S. apparel companies substantially declined from the level of usual years. With an uncertain outlook widely prevailing and the adoption of a tightening monetary policy, order acceptance sharply fell primarily for export-reliant knit manufacturers.
Capital spending in Turkey which produces knitwear for the European and Russian markets and knit producing regions in the emerging countries of Asia slowed down in the second quarter. Sales of the high-value added core model of the WHOLEGARMENT® flat knitting machines that are being produced close to the consuming regions grew in the first quarter in Italy in particular, but decelerated in the second quarter.
As a result, sales in the Flat Knitting Machine segment fell 9.1% during the first half of the fiscal year ending March 31, 2012, to ¥19,492 million.
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SDS®-ONE APEX design system |
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In the Design System business, sales of SDS®-ONE APEX3 design systems grew by aggressive application of the proposal-based approach through close interaction with user industries. In particular, sales volume expanded by playing up the competence of design tools with a wide range of potential benefits for businesses that execute integrated operations from design planning to production.
Sales efforts were directed at different types of industries such as circular knitting, textile and lace manufacturers, while P-CAM® automatic cutting machines enjoyed strong sales in the domestic market.
Owing to these factors, the Design System segment posted a 20.9% increase in net sales, to ¥1,054 million.
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New SFG seamless glove knitting machine |
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In the Glove and Sock Knitting Machine business, the durability of our products and stable quality of finished products was highly evaluated. Equipment investment has continued to increase in emerging Asian countries since last fiscal year. As a result, sales in this segment increased 4.6% compared to the corresponding period in the previous year, to ¥819 million.
While parts sales and service business revenue decreased in the wake of the overall decline in sales, the business of cashmere yarn spinning and knit product sales remained solid. As a result, the Other Business segment generated net sales of ¥2,079 million, down 1.1% from the same term last year.
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