Mori Seiki Co. Ltd. expected to Report Q3 2010 Results on January 22, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).

Mori Seiki Co. Ltd. announced earnings results for the first quarter ended June 30, 2009. The company reported decreasing net profit from JPY 2.9 billion to a loss of JPY 8.8 billion for the quarter to June 30, 2009. Revenue was down 70% to JPY 13.7 billion. Operating profit fell from JPY 4.9 billion to a loss of JPY 8 billion and ordinary profit fell from JPY 5.3 billion to a loss of JPY 7.7 billion. The company maintained a half-year net loss forecast of JPY 12 billion. Half-year revenue forecast is unchanged at JPY 35 billion, The company unchanged full-year net loss of JPY 20 billion projected on revenue of JPY 80 billion to March 31, 2010.

DMG Vertriebs und Service GmbH began joint sales and service operations with Mori Seiki Co. Ltd. on July 1. This strategic cooperation, agreed upon in March, commenced in four markets: Taiwan, Thailand, Indonesia, and Turkey. The cooperation is intended to cover research and development, purchasing, and the worldwide provision of customer financing. According to terms of the agreement, the companies will be present in the four markets under one brand: DMG Mori Seiki. The four regional sales and service companies are marketing the manufacturers complementary product ranges. Joint technology centres ensure a strong product presence in the Asian markets, better local service and support, and fast response to customer needs. Gildemeister and Mori Seiki intend to expand their market presence in Taiwan, Thailand, Indonesia, and Turkey through an efficient and widespread sales and service network. The alliance between Gildemeister and Mori Seiki opens up synergies in production as well as in R&D. Sharing system suppliers will provide significant advantages in purchasing, materials management, and logistics. The aim of the partnership is for both companies to see a financial improvement of about €15 million per year.