business report 2021

Government and local government

418,416 shares (1.31%)16,000 shares（0.05%）

3,584,767 shares (11.19%)

4,631,800 shares (14.45%) 2,545,767 shares (7.94%)

10,312,301 shares (32.19%) 10,530,949 shares (32.87%)

Financial institutions Other Japanese corporations

Overseas corporations, etc.Financial instruments firms

Individuals and others

Treasury shares

Securities Code:6638

BUSINESS REPORT 2021.3April 1, 2020-March 31, 2021

Corporate ProfileCorporate Name MIMAKI ENGINEERING CO., LTD.Foundation August 1975Capital 4,357 million yenBusinesses Development, manufacturing, and sales of

computer devices and software

Employees 1,952 (consolidated) 790 (parent company only)

President Kazuaki IkedaManaging Director Kazuyuki TakeuchiExecutive Director Hiroshi MiyakeDirector Yasuhiro HabaDirector Koji ShimizuDirector Nariaki MakinoDirector Takeshi KodairaOutside Director (Audit and Supervisory Committee Member) Yoh ZennoDirector (Audit and Supervisory Committee Member) Noriyuki TanakaOutside Director (Audit and Supervisory Committee Member) Makoto TanakaOutside Director (Audit and Supervisory Committee Member) Hisamitsu AraiOutside Director (Audit and Supervisory Committee Member) Seiko MinomoOutside Director Shunsuke Numata

Board Members

Accounting AuditorDeloitte Touche Tohmatsu LLC

Stock InformationNumber of Authorized Shares 128,160,000 sharesNumber of Issued Shares 32,040,000 sharesNumber of Shareholders 4,509

Shareholder name Number of shares held (shares)

Investment ratio(%)

Ikeda Holdings, Inc. 4,497,200 15.25Tanaka Kikaku Ltd. 2,330,000 7.90Noriyuki Tanaka 2,031,600 6.89The Master Trust Bank of Japan, Ltd. 1,681,400 5.70Tokyo Small and Medium Business Investment & Consultation Co., Ltd. 1,524,000 5.17MIMAKI ENGINEERING Employee Stock Ownership 1,507,000 5.11State Street Bank and Trust Company 505019 1,304,800 4.42The Hachijuni Bank, Ltd. 840,000 2.85Adeki Partners Co., Ltd. 833,200 2.82Epson Avasys Corporation 720,000 2.44

Major Shareholders

Ownership Breakdown

Business year From April 1 to March 31General meeting of shareholders

Within three months from the end of each business year

Record date Annual meeting of shareholders: March 31Year-end dividend: March 31Interim dividend: September 30 A date will be announced beforehand if necessary.

Share unit 100 sharesShareholder registry administrator

Mitsubishi UFJ Trust and Banking Corporation4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8212, Japan

Contact details for the above

Mitsubishi UFJ Trust and Banking CorporationTransfer Agent Department1-1, Nikkocho, Fuchu-shi, Tokyo, JapanTel: 0120-232-711 (toll free in Japan)

Mail address P.O. Box No. 29, Shin-Tokyo Post Office 137-8081, JapanMitsubishi UFJ Trust and Banking CorporationTransfer Agent Department

Method of public notice

Public notices are posted on our website (https://ir.mimaki.com/, in Japanese). However, if an electronic public notice cannot be given due to unavoidable circumstances, it will be published in the Nihon Keizai Shimbun.

Listings Tokyo Stock Exchange First SectionSecurities code 6638Notes:1. For inquiries on address changes or other procedures pertaining to shares, please contact the

account management institution (securities firm, etc.) with which your account is held. Please note that the shareholder registry administrator (Mitsubishi UFJ Trust and Banking Corporation) cannot handle these procedures.

2. Unreceived dividends are paid at the head office of Mitsubishi UFJ Trust and Banking Corporation.

Shareholder Information

Company/IR site top page IR Library

In addition to the latest information and news, our corporate website provides visitors with a deeper understanding of the business, products and services of MIMAKI ENGINEERING. Please have a look.

Click!Corporate Website

You may access it here

Official SNS can be found here (Japanese only)

https://ir-eng.mimaki.com/

The QR code to the right may be used for access by cellular phones and smartphones.

https://www.facebook.com/mimakiengineering/Facebook

https://www.youtube.com/user/MimakiPR/videosYouTube

https://www.instagram.com/mimaki_japan/Instagram

(As of June 30, 2021)

Company Profile / Stock Information (As of March 31, 2021)

Kazuaki IkedaPresident

To remain as a group of innovators and to fully exploit the personal characteristics and

abilities of every employee, we began a new system with small groups called GIPS

(Group Independent Profitability management system). We also reorganized into five

divisions—Research and Development, Sales, Production, Administration, and

Corporate Planning—so that we can promptly identify potential market needs and

provide solutions.

With GIPS every group will now have a clear role and responsibilities and will work

cooperatively as if each group were an independent small factory.

The added value as the “fruit” of the activities of each group will be made clear,

and in order to improve the profitability of their own division, all members of the

group (centered on a leader) will share issues and ways to resolve them. Through these

activities, all employees will participate in management and

everyone will have efficiency in mind. In this way, we are

looking to make our company an aggregate of “small fruits

like a cluster of grapes.”

We aim to be a market leader in digital on-demand production by developing market-orientedproducts with our proprietary raster technology (for inkjets, etc.) and vector technology (for cutting plotters, etc.)

1 2 3 4

Management Vision MIMAKI develops new organization and corporate image

We strive to become aninnovator alwaysproviding “somethingnew, somethingdifferent” in the market.

We aim at creating acorporate culture whereour individual employeescan exploit their personalcharacteristics and abilities to the fullest extent.

We aspire to become a“Development-orientedEnterprise” with ourown technology and ourown brand of productsthroughout the world.

We aim to become acompany that canadapt and quicklyprovide our productsthat will satisfy the customers.

Management Policy

1 2

65,000

60,000

55,000

50,000

45,000

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

Net sales(millions of yen)

1987 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20112010 2012 20131996 2014 2020 2021/32016 2017 2018 20192015

SGTA TA

SG

IP IPIP TA IP

TA

2021.2

TS100-1600

SG

NEWNEW

2020.12

JV-100-160

3D

SG 3D

2015.72013.122010.22004.3 2019.5 2020.3 2020.4

SG

Roll-fed UV-curable inkjet printer

UJV100-160

World’s first Inkjet printer using UV-curable white ink

UJF-605C

World’s first Low-cost desktop UV LED curable inkjet printer

UJF-3042

Industry’s lowest-cost Large flatbed UV LED curable inkjet printer

JFX200-2513

World’s first Sublimation inkjet printer with high-gap printhead

TS300P-1800

Large flatbed UV LEDcurable inkjet printer

JFX200-2513EX

GDP systemlarge-scale 3D printer

3DGD-1800

World’s first Inkjet printer using water-based pigment ink

JV-1300

1996.10

World’s first High-definition, low-cost eco-solvent inkjet printer

JV3-130S3DUJ-553

World’s first Piezoelectric textile inkjet printer

Tx-1600S

World’s first Cutting plotter using the eccentric cut method

MF-220C

World’s first UV LED 3D inkjet printer capable of full-color modeling using more than 10 million colors

1987.3 2002.91998.10 2017.11

Hybrid digital textile printer Sublimation inkjet printerRoll-to-Roll inkjet printerTx300P-1800Mk Ⅱ

2019.11

The history of MIMAKI: continual innovationAs a market leader in digital on-demand production, we will continue to create new markets and customers by identifying diverse needs promptly and accurately and by providing products that target these needs.

Building an e-commerce environment (retail)8

Labor-saving / Unattended operation7

Environmental management6

Inventory reduction5

Lead time reduction4

Cost reduction3

Shifting to higher added value for production items2

Diversified small-lot production1

SG BusinessSegment

Providing total solutions with systems that integrate preprocessing, printing, cutting, and postprocessing

3DPrinting

IoT for digital printing

Environment-friendly UV inks

Unattended operation/labor savings

Strengthening the product lineup

Pre-processing equipment

Cutting plotters

Post-processing equipmentSoftware

Cuttingtechnology

Positioning-sensing

technology Dispensertechnology

Image processing technology

Ink development

technology

3D modeling (3D printer)technology

Control technology for various inkjet heads

Inkjettechnology

Solutions Provider

Needs of society and customers

Our core technologies

Providing the total solution: supporting everything from introduction to the final quality of products

The MIMAKI Group is a development-driven group of companies that provides integrated services through the development, manufacturing, sales, and maintenance service of products, such as industrial inkjet printers, cutting plotters, and inks. By leveraging our proprietary core technologies, we will drive additional progress during the digital transformation and play our role as a solutions provider that supports everything from the introduction to the final quality of products.

Business Outline

3 4

SG TA

I P 3 D F A

SignGraphics

Textile &

Apparel

Industrial Products

3D Printer

Factory Automation

Creating a variety of visual communication materials for b u s i n e s s u s e , s u c h a s adv e r t i s emen t s and signboards including large posters, car wrappings, soft signs, and display panels

Meeting growing needs in the furniture industry as well as the fast fashion and sportswear industries with items such as cloth before sewing (textiles) and ready-made clothes (apparel)

Printing for gifts, novelty items, custom-made goods for general consumers, and industrial products including i n s t r u m e n t p a n e l s f o r automobiles and control p a n e l s f o r h o u s e h o l d electrical appliances and other products

Products used for 3D printing of product designs, figures, and even 3D signboards, offering everything from full-color modeling with more than 10 million colors to ultra-large models up to 1.8 m high.

D e v e l o p i n g f i v e bus inesses based on vector and mechatronic technologies

Tokyo Tech Museum and Archives

Providing products for three markets and developing the FA businessPromoting the expansion of markets by always providing optimal products to the players in each market.

Examples of applications Examples of applications

Examples of applications Examples of applications

• PVC sheeting • banner sheeting• window film, etc.

Main printing materials

• plastic • acrylics • glass• metal • wood, etc.


• polyester • rayon • cotton • silk• synthetic leather, etc.


Semiconductor production equipment

FA equipment PCB mounting equipment

PCB inspection equipmentMetal processing

Markets and the FA Business

5 6

Our consolidated forecasts for the year ending March 31, 2022 indicate higher revenues and profits, with net sales of 56,000 million yen (up 14.9% year on year) and operating profit of 2,050 million yen, compared with an operating loss of 509 million yen in the previous fiscal year. Due to the general impact of COVID-19, the outlook remains unclear, but we expect the mild recovery in the global economy to continue, following progress in vaccinations. Given these circumstances, not only have we set out the new “Mimaki V10” medium- to long-term growth strategy aimed at achieving a V-shaped recovery in business results and pursuing growth in net sales, we are also working to build a robust corporate foundation that will enable us to continually generate high levels of profit. We expect to grow net sales by launching new products through implementing the “Mimaki V10” strategy, driven by the continuing robust recovery in demand in the SG and IP markets, as well as in the FA business for the TA market. By region, we anticipate higher revenues resulting from a significant recovery in Europe, Asia and Oceania, and Central and South America, and from North America, which was strong during the previous fiscal year, and from Japan, which is in the middle of a mild general recovery. Focusing on profits, in addition to a return to full-scale business activities and an increase in development man-hours associated with new products, we have factored in the impact of rising freight rates caused by the shortage of containers for marine transportation that emerged in the second of the previous fiscal year. However, because we also expect a significant recovery in net sales and an improvement in the cost of sales ratio, we are forecasting that operating profit and profit attributable to owners of parent will turn positive.

The MIMAKI Group will steadily implement the measures set out in the “Mimaki V10” medium- to long-term growth strategy, use innovative product development, and promote platform development, while quickly launching products that accurately identify the fast-changing needs of customers and markets. In this way, we intend to achieve sustainable growth and a V-shaped recovery in business results, and to hit our target of an operating profit margin of 10% by fiscal 2025. Based on the outlook for the current fiscal year and our policy of stable and consistent shareholder returns, we are planning to increase the annual dividend to 15 yen (an interim dividend of 7.5 yen and a year-end dividend of 7.5 yen) for the fiscal year ending March 31, 2022. In closing, I humbly ask for the continuing guidance and encouragement of shareholders.

In the fiscal year ended March 31, 2021, both net sales and profits fell. Net sales were 48,722 million yen (down 12.3% year on year), and we recorded an operating loss of 509 million yen, compared with an operating profit of 1,353 million yen for the previous fiscal year. The Company was impacted by the global economic downturn that followed the spread of COVID-19 throughout the fiscal year under review. As well, lower capital investments by customers and significant weakening in demand for printing, etc. resulted in a considerable impact on the net sales of the MIMAKI Group. Nevertheless, performance bottomed out in the first quarter and has been improving gradually since then, with the fourth quarter recovering to levels that exceeded those of the previous year. Net sales by market segment declined across the board. The SG (Sign Graphics) market was hit by weak demand for sign printing caused by cancellations and postponements for all kinds of exhibitions and other events globally, and so we recorded a decline in revenue. However, due to a recovery in demand for printing at customers’ businesses and new growth in demand driven by signs used to warn of the spread of COVID-19, etc., revenues posted year-on-year growth in the second half. In the IP (Industrial Products) market, due to sluggish consumption worldwide, demand for printing of industrial products and novelty items was weak, leading to a significant fall in revenue, but following a recovery in demand from customers, revenue grew year on year in the fourth quarter. The TA (Textile & Apparel) market was affected by slow global economic activity and restrictions on going out, etc., leading to falling demand in the textile/apparel market. This in turn caused a decline in sales to customers suffering from low utilization rates, resulting in a considerable fall in revenue, but the trend is one of gradual improvement. The FA business was impacted by the general business slowdown, and recorded lower revenues. Net sales by region declined in every category. In Japan, Asia and Oceania, sales increased in China and Australia, but decreased in countries other than these two countries, including Japan. In North, Central and South America, net sales recovered to the same level posted in the previous fiscal year in North America, but Central and South America recorded lower revenues. In Europe, the Middle East and Africa, signs of an economic recovery emerged in the major countries of Europe, but revenues for the region as a whole were lower. Although the sharp decline in net sales resulted in lower profits, with the goal of achieving a V-shaped recovery in business results, we executed our plans in the first half to strengthen operations within the Group through structural reforms, such as reducing inventories and recording impairment losses related to goodwill. As a result, profits improved significantly and turned positive in the second half.

I offer my heartfelt sympathies to those who have recently been affected by COVID-19. MIMAKI ENGINEERING will continue to make the safety of our employees, local communities, and other stakeholders our number one priority, along with combatting the spread of this infectious disease. Here we provide a report on the state of business during the 46th term (from April 1, 2020 to March 31, 2021) Kazuaki Ikeda

President, MIMAKI ENGINEERING CO., LTD.

(billions of yen)

FY2025Target

52.4

2.7 3.0 1.3

－0.5

16.9

22.5

6.0

6.9

55.4

17.0

23.9

5.6

1.6

7.1

55.5

15.0

21.9

5.8

4.4

8.2 48.7

12.6

20.1

4.4

3.6

7.8

2.0

56.0

15.1

23.1

6.4

4.6

6.5

5.2% 5.4%

2.4% 3.7%

－1.0%

SGIPTAFAOtherOperating profitNet sales targetOperating profit margin

FY2017 FY2018 FY2019 FY2020ForecastFY2021 FY2022 FY2023 FY2024

CAGRTarget

10%

Backto

profit

OP margins of

10%

■■■■■■■●

Actual

Achieve an operating profit margin of 10% by fiscal 2025

Target a compound annual growth rate (CAGR) in net sales of 10% from FY2020 to FY2025

Overview of business performance during the fiscal year ended March 31, 2021 Outlook for the fiscal year ending March 31, 2022

New medium- to long-term growth strategyMIMAKI is steadily implementing measures aimed at achieving the targets set out in the new “Mimaki V10” medium-to long-term growth strategy: an operating profit margin of 10% by fiscal 2025 as well as ensuring a V-shaped recovery in business results. In addition, we will make the safety of our employees, local communities, and other stakeholders our number one priority, along with suppressing the spread of COVID-19.

Message to shareholders

Message from Top ManagementGrowth Strategy

7 8

By using our accurate position-sensing technology, the DCF-605PU printed circuit board dehumidifying coater achieves highly precise coatings, in this way automating processes that hadpreviously been performed by hand. Through the use of proprietary application software, installed as standard, the equipment can also handle diversified small-lot production. In addition, using existing technology enabled us to control development costs and achieve a significant reduction in prices. By controlling deployment costs, we expect this equipment to be introduced

as an entry-level model by the many companies that are looking to reduce lead times and

improve workplace safety.

The UJV100-160 / JV100-160 products are based on the high image quality and high-reliability technology cultivated over many years by sign graphics market leader MIMAKI, and are now offered theses to customers looking for superior ease of operation. The improved performance comes from adjustments of ink dot positions and media feed amounts that previously required manual intervention when adding print media; this is now done automatically by the printer, using a new standard function. This innovation significantly reduces the amount of work required, prevents variances in adjustments caused by different operators, and consistently provides high-quality prints.

The 3DUJ-2207 reproduces the same number of colors and the same level of modeling accuracy as its higher-end sibling, the 3DUJ-553 UV curable 3D inkjet printer. While maintaining a high level of performance, this model has a smaller modeling area and was thoroughly redesigned

for compactness, resulting in a unit price approximately one fifth that of the 3DUJ-553. With its small form factor and ability to produce full-color model-ing with more than 10 million colors, this printer handles full-fledged printing and modeling, and is a product that can be bought by customers who had given up on buying a high-definition, full-color 3D printer.

The Tiger-1800B MkⅢ is a new model that added innovative touch-screen MIMAKI printer controller software to the Tiger-1800B MkⅡ. The MKⅢ is built on a foundat ion o f supe r io r s tab i l i t y and high-precision print technology to deliver beautiful images at high speeds. The new software—installed on a PC incorporated into the main unit—boots automatically, allowing printer settings, operations, and output instructions to be set with a single touch.

The new “Mimaki V10” medium- to long-term growth strategy focuses on rapidly changing market environments and customer needs following the prolonged COVID-19 pandemic. Among our priority initiatives are to innovate in product development and develop new markets and new applications. We are working to comprehensively revise the previous development plan and to introduce initiatives that give precedence to new markets. The goals include aiming for at least 25% of products on sale to have been developed within the past three years; using efficient product development and model deployment to grow net sales, while at the same time reducing the number of SKUs and therefore inventories; establishing and streamlining the periodic launch cycle for successor products (with minor changes); and raising the priority of resource allocation to new markets. Based on these measures, a number of new products have been announced since the second half of fiscal 2020, and specific moves have already begun.

The TS100-1600 inkjet printer for dye sublimation transfer is a new addition to the 100 Series lineup of entry-level models. This printer has a superior balance of usability, image quality, speed, and cost. It supports the print width of 1,600 mm that is used in the textile and apparel industries. Despite being an affordable entry-level model, productivity is higher because the pr in t speed—up to 70 m² /hour—is approximately twice as fast as the previous model aimed at textile applications.

The JFX600-2513 and JFX550-2513 are successors to the JFX500-2131, a large format flatbed UV inkjet printer that was launched in 2012. Substantially increasing the number of print heads has enabled h igh ly e f f i c ient pr in t ing, and the JFX600-2513 is expected to generate p r o d u c t i v i t y i m p r o v e m e n t s o f approximately 300% compared with JFX500-2131, while the JFX550-2513 is expected to resu l t in product iv i ty improvements of approximately 150% relative to the JFX500-2131. Up to six colors can now be used, further improving expressiveness for even higher quality graphics.

*All dates are announcement dates

FA

TA

SG

3D TA IPOctober2020*

November2020*

January 2021*

April2021*

Mimaki V10 / Product Development Strategy

9 10

Special exhibition at the National Museum of Nature and Science in Ueno, Tokyo3D printing technology collaboration for the Hunters on Land – 400 Million Years on Land exhibition

MIMAKI collaborated with master photographer Daido Moriyama on an installation art piece entitled “Lip Bar.” “Lip Bar” is an art installation announced at an arts festival in Golden Gai, Shinjuku, in 2005. This is a striking work where the internal walls, floor, and ceiling of a small bar are covered with photographs of lips, an image representative of Daido Moriyama’s other works. MIMAKI assisted in the printing of this work, which provides a space to experience the vulgarity and desire of society that cuts across all the photographer’s art, by using a UJV100-160 roll-to-roll UV inkjet printer.

UJV100-160 wins the European EDP Award 2020

The Mimaki UJV100-160 roll-to-roll UV inkjet printer for sign graphics applications was awarded the European Digital Press Association (EDP) Award 2020 for roll-to-roll printers under 170 cm. The selections was made by the EDP Technical Committee, made up of independent consultants, editors, engineers, and other experts, and is given to innovative products in the digital printing industry.

KAMU kanazawa × MIMAKIPrinting installations with the UJV100-160

MIMAKI collaborated on 3D printing technology for a special exhibition entitled Hunters on Land – 400 Million Years on Land that is currently being shown at the National Museum of Nature and Science in Ueno, Tokyo. Fossil models were created with Mimaki’s 3DUJ-553 full-color UV curable 3D inkjet printer. The Hunters on Land exhibition was the first time that fossil models created in this way have had been shown to the public. As an innovator that generates “something new, something different,” MIMAKI will continue to push forward with the creation of innovative products.

Period of exhibition: March 9, 2021 (Tuesday) to June 13, 2021 (Sunday)*Venue: National Museum of Nature and Science, Ueno, Tokyo.

Kentaro Hayashida, Curator, KAMU kanazawa

Ronald van den BroekGeneral manager of sales department, Mimaki Europe

3D

SG

SG

Saving waterWater pollution caused by dyes can be eliminated using inkjet printing, while sublimation transfer printing also enables water savings

Reduced distributionDistribution is shortened by digital on-demand printing

Lower inventory lossesUse inkjet printing minimizes lost inventory

More efficient production plantsInkjet printing makes it possible to have environmentally conscious production plants

Developing and manufacturing environmentally friendly inksEnvironmentally friendly eco-ink also protects the health of the operator

Environmentally aware ink cartridgesUsing eco-ink cartridges

MIMAKI will use inkjet technology to contribute to seven of the 17 sustainable development goals (SDGs)

adopted by the United Nations in 2015

Our Group is working enthusiastically on resource recycling and related technology as part of our response to the need for sustainability

Up to this point, we had used proprietary inkjet technology to promote the growth of digital on-demand printing, in turn contributing to fulfilling the needs of society and the environment. Going forward, we will continue to effectively harness the digital transformation (the shift to digitization that includes the value chain and leads to new added value). In this way, we will be able to respond promptly to the needs of society and the environment that are linked to high-level added value, such as unattended operation, saving labor, higher speeds and quality, and waterless printing—all technologies that are expected to grow.

Helping achieve a sustainable society by promoting digital on-demand printingBy using proprietary raster and vector technologies, we will drive the further development of digital on-demand printing.

MIMAKI and the UN's SDGsMIMAKI News Flash

11 12

SalesBases

Tokyo, Osaka, Sapporo, Sendai, Nagano, Yokohama, Saitama, Nishi-Tokyo, Kitakanto (Utsunomiya), Kanazawa, Nagoya, Kyoto, Kobe, Hiroshima, Shikoku (Takamatsu), and Fukuoka

Businesslocationsin Japan

Groupsubsidiaries

Head Office2182-3 Shigeno-Otsu, Tomi-shi, Nagano 389-0512, Japan

Kazawa Factory1333-3 Kazawa, Tomi-shi, Nagano 389-0514, Japan

Nagano Development Center520-1 Kitanagaike, Nagano-shi, Nagano 381-0025, Japan

Main branch of subsidiary

Alpha Automation Technology (Shenzhen) Co., Ltd. (China)

Dalian Alpha Design Co., Ltd.(China)

Mimaki Lithuania, UAB(Lithuania)

MIMAKI EUROPE B.V.(The Netherlands)

Mimaki Deutschland GmbH(Germany)

MIMAKI EURASIA DIJITAL BASKI TEKNOLOJILERI PAZARLAMA VE TICARET LIMITED SIRKETI (Turkey)

MIMAKI (THAILAND)CO., LTD.(Thailand)

MIMAKI AUSTRALIAPTY LTD(Australia)

MIMAKI INDIA PRIVATE LIMITED(India)

MIMAKI SINGAPORE PTE. LTD.(Singapore)

PT. MIMAKI INDONESIA(Indonesia)

MIMAKI BRASIL COMERCIOE IMPORTACAO LTDA(Brazil)

MIMAKI ENGINEERING(TAIWAN) Co., Ltd.(Taiwan)

MIMAKI USA, INC.(U.S.A.)

ALPHA DESIGN CO., LTD.(Japan)

ALPHA SYSTEMS CO., LTD. (Japan)

Tonami Corporation Ltd. (Japan)

MIMAKI PRECISION Co., Ltd.(Japan)

GRAPHIC CREATION Co., Ltd.(Japan)

LUCK’A Inc. (Japan)

Hachioji Development Center593-6 Kitano-machi, Hachioji-shi, Tokyo 192-0906, Japan

JP Demonstration Center6F, TOC Bldg., 7-22-17, Nishigotanda, Shinagawa, Tokyo 141-0031, Japan

Mimaki Bompan Textile S.r.l. (Italy)

Mimaki La Meccanica S.p.A.(Italy)

Shanghai Mimaki Trading Co., Ltd.(China)

MIMAKI IJ TECHNOLOGY CO., Ltd.(China)

1975 August MIMAKI ENGINEERING was founded as a private limited company.1981 May Reorganized into a stock company, MIMAKI ENGINEERING Co., Ltd.1983 December Started development of the A2 flatbed pen plotter (RY-1003) for OEMs.1985 February Started sales of the A2 flat pen plotter under the Hokusai brand.1986 March Started operation of the Kazawa Factory.1995 July Founded MIMAKI ENGINEERING (TAIWAN) Co., Ltd.1999 January Received ISO 9001 certification.

September Founded MIMAKI USA, INC.2003 October Opened the Nagano Development Center.

2004 April Founded MIMAKI PRECISION Co., Ltd.April Founded MIMAKI EUROPE B.V.

September Acquired Bokuya Factory in Tomi-shi, Nagano Prefecture.2005 April Opened the Technical Call Center.2006 April Acquired GRAPHIC CREATION Co., Ltd. as a subsidiary.

August Relocated the Head Office to Shigeno-Otsu, Tomi-shi, Nagano Prefecture.

2007 March Listed on the JASDAQ Securities Exchange.December Founded MIMAKI IJ TECHNOLOGY CO., Ltd.

2008 July Acquired Mimaki Deutschland GmbH as a subsidiary.

2009 January Received ISO14001 certification.June Founded Shanghai Mimaki Trading Co., Ltd.

2010 August Founded MIMAKI PINGHU TRADING CO., LTD.2011 November Founded PT. MIMAKI INDONESIA.2013 April Founded MIMAKI AUSTRALIA PTY LTD.

April Founded MIMAKI SINGAPORE PTE. LTD.July Founded MIMAKI INDIA PRIVATE LIMITED.

2015 March Moved our shares to the Tokyo Stock Exchange First Section.May Opened the Hachioji Development Center.July Opened Shigeno Showroom in Tomi-shi, Nagano Prefecture.

2016 April Founded MIMAKI EURASIA DIJITAL BASKI TEKNOLOJILERI PAZARLAMA VE TICARET LIMITED SIRKETI

July Opened the JP Demonstration Center.July

Opened the TA and IP Lab Center.August

October Acquired Mimaki La Meccanica S.p.A. as a subsidiary.2017 February Founded Mimaki Lithuania, UAB.

June Founded Mimaki Bompan Textile S.r.l.2018 October Acquired ALPHA DESIGN CO., LTD as a subsidiary.

November Acquired LUCK'A Inc. as a subsidiary.2019 March Founded MIMAKI (THAILAND) CO., LTD.

CorporateHistory

Network / Corporate History

13 14

2020

2021

1985

1989

1993

1994

1995

1997

1986

1988

1991

1999

1996 1998

2000

2001

2003

2004

20022005

2007

2006

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1987

2002 2004

20052003

1999

2000

2006

2008

2008

2010

2011

2012

2009

2014

2013

201320112010

2019■March

TS55-1800Water-Based Sublimation Transfer Inkjet Printer■May

JFX200-2513EXLarge Flatbed UV LED Curable Inkjet Printer

■March

UJV100-160Roll-Fed UV-Curable Inkjet Printer

October

JV-1300Full-Color Inkjet Printerwith Water-BasedPigment Ink

October

Raster LinkSoftware RIP for PS2

April

JV2-130Full-Color Inkjet Printerwith Six-Color Pigment Ink

November

JV2-180Large-FormatFull-Color Inkjet Printer

October

Tx-1600SDigital TextileInkjet Printer

November

TX LinkSoftware RIPfor Textile Printing

Inkjet Printers

October

CG-75ML+JV3-75SPPrint & Cut Combination

December

CF2 SeriesFlatbedCutting Plotter

April

CG-160FXCutting Plotter with High-SpeedCrop-Marker Sensor

June

Fine Cut for CorelCutting Softwarefor Corel Draw

June

CG-130FXCutting Plotter with High-SpeedCrop-MarkerSensor

December

CG-60StDesktop Cutting Plotter

June

CG-100/130LxHigh-Speed Cutting Plotter

January

Fine CutPlug-In Cutting Softwarefor Illustrator

June

CFR-1220Reciprocal Cutter

October

CG-60SRDesktop Cutting Plotter

March

Simple CutCutting Application Software

November

CG-60SLFor overseas:Low-CostDesktop Cutting Plotter

February

MF-120A2 Flat Pen Plotter[Hokusai]

July

MG-110A1 Pen Plotter[Hokusai]

May

MR-11Thermal Plotter

January

MX-340/360/390Low-Cost Pencil Plotter

November

MR-1600LED Plotter A1 Version

May

MR-1900LED Plotter A0 Version

March

JP-560/590MonochromeInkjet Plotter

December

JP-660/690CFull-Color Inkjet Plotter

April

MX-11/10Servo-Style Pen Plotter

July

MX-11/10PPencil Plotter

April

MX-760/790High-SpeedPencil Plotter

Drafting Plotters

March

UJF-605CFlatbed UV-Curable Inkjet Printer

March

UJV-110Roll-Fed UV-Curable Inkjet Printer

June

JV22-130/160Full-Color Inkjet Printer

June

JV3-160SPSolvent Inkjet Printer

October

JV3-75SP /130SPSolvent Inkjet Printer

October

Tx3-1600Digital Textile Inkjet Printer

June

JV4-130/160/180Large-Format Full-Color Inkjet Printer

January

DM2-1810Flatbed Inkjet Printer

April

JV3-250SPSuper-Wide Solvent Inkjet Printer

November

GP-604Garment Printer

September

JV3-130S/160SSolvent Inkjet Printer

October

Raster Link ProSoftware RIP for PS3

August

Tx2-1600Digital Textile Inkjet Printer

MarchGP-604DGarment Printer

AprilUJF-605RRoll-Fed UV-Curable Inkjet Printer

MayJV3-250SPFSuper-Wide Solvent Inkjet Printer

August

Raster Link ProSoftware RIP for PS3

OctoberGP-1810DGarment Printer

NovemberDS-1600/1800Direct Dye Sublimation Printer

DecemberJV3-130SLSolvent Inkjet Printer

January

Mimaki ProfileMaster Color ManagementSystem

January

UJF-605CFlatbed UV-CurableInkjet Printer

August

UJF-605RRoll-Fed UV-Curable Inkjet Printer

September

Raster Link Pro /IP /TASoftware RIP Compatible with PS3

June

JV5-130S/160SUltrahigh-SpeedSolvent Inkjet Printer

December

JF-1610/1631Large-Format Flatbed UV-Curable Inkjet Printer

August

JV33-130/160Solvent Inkjet Printer

August

JV5-320SGrand Format Solvent Inkjet Printer January

CG-50High-Speed Cutting Plotter

November

CG-100SDHigh-Speed Cutting Plotter

February

HF-500Heat Pen Cutting Plotter

January

CG-6/9/12Low-Cost Cutting Plotter

January

Vector LinkCutting Software for PS(Mac OS)

January

ZusakuGravestone DesignSupport System

April

NC-5Modeling Machine

July

My BrainEngraving System

August

CG-51/61/101/121Low-Cost Cutting Plotter

March

ME-500Engraving Machine

December

MI POPPOP Making System

December

IttoboriSoftware for CuttingGravestone CharacterMasking Sheets

December

VestaCutting Software

October

CAM LINKCutting Data Conversion Software

January

CG-100AP1-Meter-Width ApparelPattern Cutting Plotter

March

My Brain VehicleCutting System forCar Film

May

CG60/100/130EXCutting Plotter withCrop-Marker Sensor

November

CF-0912/1215Large-Format FlatbedCutting Plotter

MF-220CA2 Flat Cutting Plotter

June

CG-45Desktop Cutting Plotter

October

CG-60/90For overseas:Cutting Plotter

October

CG-90SDCutting Plotter

January

CG-120Cutting Plotter withAuto-Roll Feeder

June

MC-300SDesktop Cutting Plotter

September

CF-120120-cm-WidthFlatbed Cutting Plotter

November

CG-90APApparel PatternCutting Plotter

December

March

CF-70A1 FlatbedCutting Plotter

Cutting Plotters2009

January

IPF-1610B/1610B-UIndustrial Flatbed UV-Curable Inkjet Printer

February

UJF-3042UV LED CurableFlatbed Inkjet Printer

February

Tx400-1800BDigital Textile Inkjet Printer with Adhesive Belt Carrier System

March

JV34-260Super-Wide-Format Inkjet Printer

February

UJF-3042HGUV LED CurableFlatbed Inkjet Printer

March

JV400-130/160LXLatex Inkjet Printer

April

Raster Link Pro5 SG/IP/TASoftware RIP for PS3

July

Mimaki Profile MasterColor Management System

August

CJV30-60/100/130/160Printer Cutter

August

Raster Link Pro4 SG/IP/TASoftware RIP for PS3

September

UJV-160Hybrid UV LED Curable Inkjet Printer

January

CF3-1631/1610Flatbed Cutting Plotter with Router Head

August

Simple StudioPrint & Cut Application Software

October

Tx400-1800DDigital Textile Inkjet Printer

December

UJF-706Flatbed UV-Curable Inkjet Printer

May

JFX-1631Large-Format UV LED CurableFlatbed Inkjet Printer

March

CG-75/130/160FXMulti Cutting Plotter

August

APC-130Large-Format CAD Cutting Plotter for Apparel

January

JV5-320DSDirect Printing / Dye SublimationGrand-Format Inkjet Printer

TS34-1800ADye Sublimation Printerfor Sports Apparel

November

November

JFX-1631plusLarge-Format UV LEDCurable Flatbed Inkjet Printer

November

JFX-1615plusLarge-Format UV LED Curable Flatbed Inkjet Printer

April

TS500-1800Ultra-High-SpeedDye SublimationInkjet Printer

May

JV400-130/160SUVSolvent UV Inkjet Printer

May

SWJ-320S2/320S4For emerging nations:Grand-FormatSolvent Inkjet Printer

June

Tx500-1800DSDirect Printing SublimissionInkjet Printer

May

RasterLink6IJP Software

September

UJF-3042FXUV LED Curable Flatbed Inkjet Printer

April

High-Quality Cutting Plotter

CG-60/100SR

February

TPC-1000Printer Cutter for Sports Apparel

February

TS3-1600Dye Sublimation Inkjet Printer for Sports Apparel

February

TS5-1600AMFDye Sublimation Inkjet Printer for Sports Apparel

February

JV33-260Super-Wide Solvent Inkjet Printer

May

CG-100SRHigh-Quality Cutting Plotter

October

FineCut8Plug-In Cutting Software


June


October

September

JFX500-2131Large-Format UV LED Curable

Flatbed Inkjet Printer

December

UJF-6042UV LED Curable Flatbed Inkjet Printer

April

UJV500-160UV LED Curable Roll-to-Roll Inkjet Printer

Tx500-1800BDigital Textile Inkjet Printer with Adhesive Belt Carrier System

October

JFX200-2513December

Large-Format UV LED CurableFlatbed Inkjet Printer

2017 20192015

2016

2017

TS500P-3200Dye Sublimation Inkjet Printer

February

TS100-1600Dye Sublimation Inkjet Printer

February

Tiger-1800B MkⅢBelt Carrier System Inkjet Printer

FebruaryTS30-1300Dye Sublimation Inkjet Printer

March

UJV55-320UV LED Curable Inkjet Printer

April

MM700-1800BDirect Textile Inkjet Printer

May

Tiger-1800BDirect Textile Inkjet Printer

September

September

September

September

Mimaki Profile Master 3Color Management System

July

UJF-3042Mk UV LED Curable Flatbed Inkjet Printer

October

UJF-6042Mk UV LED Curable Flatbed Inkjet Printer

October

JFX200-2531Large-Format UV LED Curable Flatbed Inkjet Printer

November

UCJV300-160UCJV150-160New Technology UV LED CurableInkjet Printer Using UV-curable Ink

November

3DUJ-553The World’s First UV LED Curable 3D Printer Capable of Full-color Modeling Using More Than 10 Million Colors

November

JV300-190Solvent Inkjet Printer

JV300-130/160 PlusLarge-Format Inkjet Printer Using Eco-solvent Ink

December

Tx300P-1800BDirect Textile Inkjet Printer

December

November

Flatbed Cutting Plotter

CF22-1225

Multi-Cutting Plotter

CG-75/130/160FX Plus

February

Small Flatbed Cutting Plotter

CFL-605RTJuly

Packing Design CAD Software

ArtiosCAD DS

2015

2018

SIJ-320UVUV LED Curable Inkjet Printer

April

Mimaki Target Color EmulatorColor Management System

February

TS300P-1800Dye Sublimation Inkjet Printer

July

UJF-7151 plusUV LED CurableFlatbed Inkjet Printer

November

TxLink3IJP Software

June

UCJV300-75/107/130Print & Cut Inkjet Printer Using UV-Curable Ink

July

Tx300P-1800Direct Textile Inkjet Printer

December

CJV300-130/160Printer Cutter

October

CJV150-75/107/130/160Printer Cutter

October

Tiger-1800B MkInkjet Printer with Adhesive Belt Carrier SystemDirect Textile Model/Dye Sublimation Model

July

■November

Tx300P -1800MkHybrid Digital Textile Printer

CJV300-130/160PlusPrint & Cut Inkjet Printer

3DGD-1800GDP System Large-Format 3D Printer

April

JV100-160Roll to Roll IJP

December

Product Development History

15 16

Net sales: 15,021 million yen Down 19.3% year on year




20,121 million yen

Down 8.4% year on year

4,427 million yen


12,666 million yen


30.8％ 40.2％

36.0％

23.8％

16.4％26.6％

18.6％

7.6％

MachinesInks

Others

69.2％

Japan

NorthAmerica

Europe

Asia, Oceania

Others

Overseas

Percentage of net sales by regionBusiness performance for the fisical year ended March 2021 Percentage of net sales by product category

Consolidated net sales outside Japan

Percentage of consolidated net sales

33,701 million yen

69.2%

We provide products and services to customers in

approximately 150 countries and regions

Although the impact of COVID-19 in Japan in the first quarter was not large compared with other regions, from the second quarter onward the recovery was generally slow. For the year as a whole, this resulted in a significant decline in revenues in this region.

2021.3

15,021

2021.32021.3 2021.3

8,004

12,961 12,734

2020.3

18,604

2020.32020.3 2020.3

8,179

14,411 14,362

2019.3

15,274

2019.3

8,278

2019.3

16,276

2019.3

15,618

2021.3

15,021

2021.32021.3 2021.3

8,004

12,961 12,734

2020.3

18,604

2020.32020.3 2020.3

8,179

14,411 14,362

2019.3

15,274

2019.3

8,278

2019.3

16,276

2019.3

15,618

From the second quarter, despite variations between countries, the overall recovery trend has continued. However, the severe economic slowdown that resulted from tough restrictions on going out in the first quarter, etc. had a significant impact, resulting in a considerable decline in revenues.

In the first quarter, low levels of capital investment and other factors led to a significant decline in sales, but from the second quarter onward, sales recovered steadily, with each quarter exceeding previous-year levels, though net sales for the year as a whole were flat.

2021.3

15,021

2021.32021.3 2021.3

8,004

12,961 12,734

2020.3

18,604

2020.32020.3 2020.3

8,179

14,411 14,362

2019.3

15,274

2019.3

8,278

2019.3

16,276

2019.3

15,618

China recovered from the impact of the coronavirus crisis relatively quickly and recorded an increase in revenues for the full year. Australia was also strong throughout the same period. However, aside from these two countries, progress toward a recovery continues to be slow, and significant declines in revenue were recorded.2021.3

15,021

2021.32021.3 2021.3

8,004

12,961 12,734

2020.3

18,604

2020.32020.3 2020.3

8,179

14,411 14,362

2019.3

15,274

2019.3

8,278

2019.3

16,276

2019.3

15,618

Consolidated performance highlights for the fiscal year ended March 2021 Market conditions by region for the fiscal year ended March 2021

Performance highlights by market for the fiscal year ended March 2021

-301

2021.3

366

2021.3

-509

2021.3

48,722

2021.3

1,170

2022.3(forecast)

1,640

2022.3(forecast)

2,050

2022.3(forecast)

56,000

2022.3(forecast)

-7772020.3

1,680

2019.3

946

2020.3

2,643

2019.3

1,353

2020.3

3,008

2019.3

55,557

2020.3

55,448

2019.3

-301

2021.3

366

2021.3

-509

2021.3

48,722

2021.3

1,170

2022.3(forecast)

1,640

2022.3(forecast)

2,050

2022.3(forecast)

56,000

2022.3(forecast)

-7772020.3

1,680

2019.3

946

2020.3

2,643

2019.3

1,353

2020.3

3,008

2019.3

55,557

2020.3

55,448

2019.3

-301

2021.3

366

2021.3

-509

2021.3

48,722

2021.3

1,170

2022.3(forecast)

1,640

2022.3(forecast)

2,050

2022.3(forecast)

56,000

2022.3(forecast)

-7772020.3

1,680

2019.3

946

2020.3

2,643

2019.3

1,353

2020.3

3,008

2019.3

55,557

2020.3

55,448

2019.3

-301

2021.3

366

2021.3

-509

2021.3

48,722

2021.3

1,170

2022.3(forecast)

1,640

2022.3(forecast)

2,050

2022.3(forecast)

56,000

2022.3(forecast)

-7772020.3

1,680

2019.3

946

2020.3

2,643

2019.3

1,353

2020.3

3,008

2019.3

55,557

2020.3

55,448

2019.3

20,121

2021.3

21,968

2020.3

23,981

2019.3 2021.3

4,427

2020.3

5,893

2019.3

5,616

12,666

2021.3

15,069

2020.3

17,040

2019.3

Percentageof net sales

41.3％

Weak demand for sign printing caused by the coronavirus pandemic prompted cancellations and postponements of exhibitions and other events globally, leading to a decline in revenue. On the other hand, due to a recovery in printing demand from customers and new growth in demand driven by signs used to warn of the spread of COVID-19, etc., revenues posted year-on-year growth in the second half.

Percentageof net sales

9.1％

Slow global economic activity and restrictions on going out, etc., led to a contraction in demand in the textile/apparel market, which in turn caused a decline in sales (for both equipment and ink) from customers experiencing low capacity utilization rates, resulting in a sharp fall in revenue. From the second quarter onward, there has been a gradual improvement in the direction of the global economic recovery.

Percentageof net sales26.0％

Due to the impact of slow consumption worldwide, print demand for industrial products and novelty items was weak, leading to a significant fall in revenue. However, following a recovery in customer demand in the second quarter, the decline in revenue lessened, and year-on-year growth turned positive in the fourth quarter.

Net sales Operating profit Ordinary profit Profit attributable to owners of parent

(millions of yen) (millions of yen) (millions of yen)

(millions of yen) (millions of yen) (millions of yen) (millions of yen)

48,722 million yenDown 12.3% year on year

–509 million yen 366 million yenDown 61.3% year on year

–301 million yen

Net sales Operating profit Ordinary profit Profit attributable to owners of parent

56,000 million yen(Up 14.9% year on year )

2,050 million yen1,640 million yen

(Up 347.6% year on year )1,170 million yen

Forecastsfor consolidated businessperformance for the fiscalyear ending March 2022

SG market IP market TA market

Japan

Asia, Oceania, and Others North America

Europe

(millions of yen)

(millions of yen)

(millions of yen)

(millions of yen)

Forecasts for the year-end dividends for the FY ending March 2022

Year-end dividend: 7.50 yenInterim dividend: 7.50 yen

Business Performance: Key Points

17 18

business report 2021

Documents