Since its foundation in 1934, Sinto has been committed to developing the most innovative technologies in order to supply the best foundry equipment in the process materials industry. This is based on: “Giving Form and Life to Process Materials.”
As a result, Sinto has become the world's largest and most trusted manufacturer of foundry equipment. Sinto is able to offer sophisticated foundry technologies for improving casting quality, productivity and the work environment. Sinto has applied its experience and know-how of foundry technology to related fields, such as surface treatment, environmental equipment, and other applications, such as mechatronics, powder treatment, testing & measurement, ceramics, and material handling.
During the fiscal year ended March 31, 2023, the global economy experienced a slowdown in the recovery of business conditions due to soaring resource and energy prices following the prolonged Russian invasion of Ukraine, rising policy interest rates accompanying accelerated inflation in Europe and the United States, and the re-expansion of infection in China. In the U.S., the economy remained firm due to a recovery in personal consumption and other factors, but in Europe, although the economy had been recovering, it remained sluggish due to soaring prices of energy and other commodities. In China, the economy slowed down due to factors such as the sluggish real estate market, and in Japan, although economic activities normalized, business conditions remained uncertain due to the weak yen, soaring energy prices, supply instability, and deteriorating procurement environment for semiconductors and other products.
Amid such an environment, orders received totaled to ¥114,164 million (up 6.4% year on year). Meanwhile, net sales amounted to ¥106,381 million (up 7.2% year on year), and backlog of orders amounted to ¥52,172 million (up 17.5% year on year). Operating profit decreased to ¥2,242 million (down 14.0% year on year), ordinary income decreased to ¥3,951 million (down 11.8% year on year), and net income attributable to owners of the parent increased to ¥6,187 million (up 118.2% year on year).