Following strong demand from the automotive sector, SMC Pneumatics, which operates in 32 European countries, has delivered a net income of 63.25 million € and net sales to 512.8 million €, across its European business.
Tokyo, Japan, June 23, 2015: SMC, the worldwide leading expert in pneumatics, announced globally, a 21% increase in net income to 920.65 million € and a 16% increase in net sales to 3,302.9 million €.
The company’s main priority is to satisfy its customers’ global needs. This is demonstrated by an increased focus on developing high quality products at competitive prices. Over the last 12 months, SMC has also increased domestic and foreign investment in production equipment, Research and Development (R&D) and its sales force.
In FY14, R&D investment was up 13% at 126.9 million €, with a further 5% increase planned in the new financial year.
SMC is also committed to delivering outstanding customer service and has recruited an additional 1,300 employees in the last 12 months alone. In FY15, the company, which currently employs 17,000 people worldwide, plans to continue this trend with a particular focus on recruiting more sales engineers.
Looking forward, as one of the world’s leading suppliers of pneumatics, SMC plans to concentrate on global production with a 27% increase in investment in production equipment to 206.2 million €. The company will also improve its infrastructure to drive global cooperation.
To cater for increasing demand from its customers, SMC is providing additional resources in equipment, infrastructure, research and human resources which are vital for its continued growth. This will include strengthening production capabilities, with additional investment planned for its European manufacturing facilities in the next 12 months.
• Net Sales 71,119 million Yen – 512.8 million €
• Net Income 8,773 million Yen – 63.25 million €
• Net sales 458,081 million Yen – 3,302.9 million €
• Net income 127,686 million Yen – 920.65 million €
Foreign currency exchange rate applied: 1 Euro – ¥ 138.69 (average rate FY 14 – As per in Consolidated Financial figures published by the Corporation, May 15, 2015.
Content summarised from SMC CORPORATION home page.