Industry Focus

Financial Reports ofFastener Companies◢ Compiled by Fastener World

Monetary unit in millions◢ Updated on June 9, 2023

◢ Copyright owned by Fastener WorldJapan

AmateiKyowa Kogyosyo

Sanco Techno

160

(JPN)
Financial Year

Revenue

Operating
Profit

2023

5,485

161

150

79

2022

5,084

1762

Change (%)▲ 7.9▲ 818.7------

2024 Prospect

5,641

129

117

70

Change (%)▲ 2.8▼ 20.2▼ 22.6▼ 13.42023

22,627

1,277

1,396

1,052

2022

25,957

2,489

2,599

1,840

Change (%)▼ 12.8▼ 48.7▼ 46.3▼ 42.82024 Prospect

25,000

1,350

1,450

950

Change (%)▲ 10.5

▲ 5.7

▲ 3.9

▼ 9.7

2023

13,213

994

1,102

1,092

2022

11,659

1,501

1,549

1,082

Change (%)▲ 13.3▼ 33.8▼ 28.8▲ 0.92024 Prospect

12,500

900

1,000

1,350

Change (%)

▼ 5.4

▼ 9.5

▼ 9.3

▲ 23.62023

20,604

1,978

1,948

1,395

2022

18,735

1,716

1,697

1,071

Change (%)▲ 10.0▲ 15.3▲ 14.8▲ 30.22024 Prospect

21,000

1,950

1,950

1,360

Change (%)

▲ 1.9

▼ 1.4

▲ 0.1

▼ 2.6

2023

321,771

34,43937,876

21,1702022

283,777

30,54033,602

22,959Change (%)▲ 13.4▲ 12.8▲ 12.7▼ 7.82024 Prospect

322,500

35,50033,50021,200Change (%)

▲ 0.2

▲ 3.1

▼ 11.6▲ 0.1

Fastener World no.201/2023

Ordinary Profit

Net Profit

2023 vs. 2022
Total Assets

5,595
vs.
5,231

26,191
vs.
26,20817,139vs.
16,362
20,908vs.
19,283359,150vs.
333,068

Industry Focus

Japan(JPN)
Financial Year

Revenue

OperatingProfit

Ordinary Profit

Net Profit

2023

11,914648678

434

2022

11,030754785548

Change (%)▲ 8.0▼ 14.0

▼ 13.6▼ 20.72024 Prospect

13,000700750450

Change (%)▲ 12.6▲ 7.9▲ 10.5▲ 3.5South Asia

Sundram Fasteners

2023 vs. 2022
Total Assets

17,340vs.
16,846(INR)
Financial Year

Revenue

Pre-tax Profit

Net Profit

2023

1,709.741(127.661)(27.551)2022

1,471.669(48.802)148.802

Change (%)▲ 16.1------

2023

5,976.544

567.191414.295

2022

4,712.425

396.658

297.281

Change (%)▲ 26.8▲ 42.9▲ 39.32023

56,627.5

6,606.6

4,946.92022

49,020.6

6,212.2

4,567.2Change (%)▲ 15.5

▲ 6.3

▲ 8.3

The above table lists the companies whose financial year ends atthe end of March, except for Kyowa Kogyosyo which ends at the endof April.
Amatei's 2023 revenue was 5,485 million yens, up 7.9% from5,084 million yens in 2022. Net profit grew significantly, by 77
million yens, but the company expects a significant decrease inprofit for 2024.
KFC's 2023 revenue fell 12.8% from 25,957 million yens to22,627 million yens, and profit fell even more, by about 45%, but thecompany forecasts a 10% increase in revenue in 2024.
In 2023, Kyowa Kogyosyo's revenue increased by 13.3% to13,213 million yens, compared to 11,659 million yens in 2022. Netprofit grew by only 0.9% due to a 30% drop in operating profit. Thecompany forecasts a 5% decline in sales in FY2024.
Sanko Techno's revenue increased by 10% to 20,604 million
yens from 18,735 million yens. Net profit increased by 30% to 1,395
million yens from 1,071 million yens, but the company forecasts
revenue to grow by only 2% in FY2024.

2021 vs. 2020
Total Assets

1,664.769
vs.
1,650.855
6,088.111
vs.
5,626.080
46,243.9
vs.
42,841.7

Nifco's revenue increased by 13.4% to 321,771 million yens from283,777 million yens. Net profit declined by 7.8%. The company
is forecasting less than 1% growth in revenue and net profit for
FY2024.
Yamashina's revenue increased by 8% to 11,914 million rupees
from 11,030 million rupees. Net profit fell 20.7% to 434 million
rupees from 548 million rupees, but the company is forecasting
12.6% growth in revenue and 3.5% growth in profit for FY2024.
Simmonds Marshall's revenue increased by 16.1% from 1,471.669
million rupees to 1,709.741 million rupees. Net profit for the year
was a loss of 27.551 million rupees.
Sterling Tools' revenue increased by 26.8% from 4,712.425
million rupees to 5,976.544 million rupees. Net profit increasedby 39.3% to 414.295 million rupees from 297.281 million rupees,
showing the company's significant growth in FY2023.
Sundram Fasteners' revenue increased by 15.5% from 49,020.6
million rupees to 56,627.5 million rupees. Net profit increased by
8.3% to 4,946.9 million rupees from 4,567.2 million rupees.
Fastener World no.201/2023

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