Latest Tokyo Brief coverage on DMG MORI CO., LTD., tracking filings, financial news, and market signals from Japan.
TSE:6141
DMG MORI booked a record ¥186.8bn of orders in July–September and raised its full-year order outlook to ¥650bn or more, but annual revenue and profit guidance are unchanged and a prior-year insurance gain distorts net-profit comparisons.
DMG Mori priced its European and Asian share offering at ¥3,349 on Wednesday, banking ¥47.7bn in net proceeds it will spend on new factory capacity in Japan and Poland, a Chicago R&D center, and a ¥10bn fund reserved for acquisitions it hasn't yet identified.
DMG Mori is raising about ¥48.2bn from investors across Europe and Asia by issuing 15 million new shares, lifting its outstanding count from 142.3mn to 157.3mn, to expand a Polish casting-parts plant, open a Chicago R&D centre, and hold ¥10bn in reserve for acquisitions, while also redeeming its perpetual subordinated bonds.
Machine-tool orders at DMG Mori rose 34.8% in the first half on aerospace, defense and semiconductor-equipment demand, prompting the company to raise its full-year operating profit forecast 7.1% to ¥30.0bn and its order target to ¥630.0bn.
Current holdings disclosed by tracked funds.