Overview and Profile
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.
Sinto was founded in Nagoya, Japan under the name Kubota Seisakusho, Ltd. (Kubota Works). The headquarters remains in Nagoya but the Global Sinto Network now extends to a group of 42 companies in 12 countries, with 3,794 employees worldwide.
During fiscal year 2015 (ending March 31, 2015), sustained growth was seen in the United States economy, and in those of emerging countries including China and ASEAN, while the European and South American markets remained sluggish. In Japan, the exchange rate continued to have adverse effects, though some industries showed signs of recovery due to the improved export environment and capital investment. In Sinto's industries, demand for automobile-related capital investment slowed in the Chinese and ASEAN markets. Japanese market demand remained steady in fields related to post-earthquake reconstruction.
Sinto's consolidated order volume increased by 3.2% from fiscal year 2014 to ¥93,808 million (sales to ¥93,259 million, a 4.7% increase, and order backlog to ¥32,872 million, a 7.4% increase). The operating income decreased by 11.9% to ¥3,378 million due to an increase in selling and administrative expenses. Income before taxes decreased by 7.1% to ¥5,081 million due to a decreased return on investment in equity, and net income decreased by 6.6% to ¥2,637 million due to a refund of ¥647 million from the subway construction fund in China.
Sales by Division