What They Say
Showing that even fully B2B businesses are not immune from the global slowdown and chill winds of negative consumer sentiment, Eizo Corp announced revenues down 16.4% for the first half of its fiscal year to the end of September at $248 million, with income falling by 64.3% to $17 milllion. The firm forecast that for the year it expects sales to be down 5.5% to €557 million with profits of $42 million.
A big change was a drop in demand for displays for Pachinko machines that had spiked last year with intensive replacement demand and was almost a third of the business last year. Health care sales are now 42.2% of the firm’s business.
Separately, the firm said that it’s BoD has authorised some stock re-purchase in the next six months.
What We Think
The comments about the Pachinko machines highlights the wide range of display applications, these days! (BR)
