EIZO is seeing a recovery in sales, particularly in niche markets such as video production and air traffic control, but there is still room for improvement.
2024/02/08
クリスのレポート
自己資本比率77.3、流動非率4.05と良いが2022年度で営業キャッシュフローがマイナス、理由は棚卸資産の除却。理由がまともなのでそこまで深刻ではないと思われる。売上高、営業利益ともにダウンしており成長性に乏しい。映画制作や医療、航空管制向けで販売が伸びているようだが売上げ規模の成長はまだまだで2021年度に及ばなそう。
Chris's report
The equity ratio is good at 77.3%, and the current ratio is 4.05, but in the fiscal year 2022, the operating cash flow was negative, attributed to the removal of inventory assets. Since the reason seems legitimate, the situation may not be too serious. Both sales and operating profits are down, indicating a lack of growth potential. Sales appear to be growing in markets such as film production, healthcare, and air traffic control, but the scale of revenue growth still falls short of that in the fiscal year 2021.
EIZOは高性能モニターの会社。日経新聞によるとエンタメ向けから映像制作や医療、航空管制向けでの利用で売上げ回復をしているらしい。
Insight
EIZO is a company that specializes in high-performance monitors. According to the Nikkei
newspaper, it appears that they are recovering their sales through usage not only in entertainment but also in fields such as video production, healthcare, and air traffic control.
ミナの判断
財務的にはそこまで悪くないが、営業キャッシュフローをマイナスにしているので印象は悪い。ニッチな商品の積み上げで売上を上げており、今後の売り上げ規模の回復を期待したい。
Mina's judgment
Financially, it's not so bad, but the negative operating cash flow gives a poor impression. Sales are being boosted by the accumulation of niche products, and we hope for a recovery in the scale of future sales.
