Expansion of the Product Portfolio for OLED and Flexible Displays

「The high-quality stainless steel produced by this equipment is expected to be used in fields where demand is expected to grow further, such as materials for in-vehicle batteries for EVs and materials for heat exchangers for data centers.」

「Particularly in the automotive secondary battery industry, we are delivering precision coating equipment that can accommodate irregularly shaped frame geometries.」

「Received orders for functional-material heat-treatment equipment, solar-cell manufacturing equipment, ancillary equipment for batteries, new heating furnaces and other products」

「In terms of sales, construction progressed on NEDO projects, ore preheating rotary kilns, and precision coating equipment for batteries,」

「Particularly in the next-generation battery and automotive secondary battery industries, we are promoting sales of the sustainable RS CoaterTM, which meets demands for increased coating of prismatic, cylindrical and other irregularly shaped products, not only by satisfying requirements for highly precise coating accuracy but also by substantially reducing waste coating material generated in the coating process and significantly reducing the amount of wash water required to clean the waste coating material. We are also advancing development to meet further market needs.」

「In terms of orders, contracts were secured for modifications and spare parts for precision coating equipment for China, as well as contract testing to promote sales of new coaters, but there were no new large-scale projects, resulting in orders of ¥87 million, or 19.8% year on year.」

「As a result, contracts were secured for ammonia-combustion research and development for thermal power plants, heat-treatment equipment for automotive parts for the domestic market, liquid-crystal-related clean ovens for China, and, newly, steel heating furnaces for the domestic market. Orders received were ¥20,427 million, or 130.6% of the year-earlier level. In terms of sales, in addition to delivering heat-treatment equipment for automotive parts and precision coating equipment related to flexible displays for China, work progressed on stainless-steel production equipment for China, resulting in net sales of ¥15,925 million, or 101.9% of the year-earlier level.」

「In terms of orders, contracts for products including RS Coaters for electronic devices for the domestic market were secured, bringing orders to ¥442 million, up 276.3% year on year. In terms of sales, construction progressed on precision coating equipment related to flexible displays for China, as well as precision coating equipment related to semiconductor packages for China,」

「We secured contracts for clean ovens related to LCDs for China, RS coaters for electronic devices for the domestic market, and research and development on ammonia combustion for thermal power plants, among others, bringing order intake to ¥5,954 million, up 181.0% from the same period of the previous year.」

「Development of the RS Coater(TM) for small substrates, which was developed in the 78th fiscal year and substantially reduces paint waste, was completed in the 79th fiscal year. In the 80th fiscal year, we will expand the range of substrate diameters covered, improve coating accuracy and promote the product to users.」

「In terms of sales, in addition to delivering energy-saving steel heating furnaces for Taiwan and precision coating equipment related to flexible displays for China, work progressed on energy-saving heating furnaces for the domestic steel industry, among others, but」

「Against this backdrop, the Group pursued active order-taking activities to secure business performance and obtained contracts for stainless steel manufacturing equipment and precision coating equipment related to flexible displays for China, as well as new contracts for exhaust-gas treatment equipment for the steel industry. However, there were few large-scale projects as in the year-earlier period, and orders were limited to ¥17,723 million, or 55.3% of the year-earlier period.」

「In terms of orders, although we secured contracts for precision coating equipment related to flexible displays for China, continued postponement of investment timing limited orders to ¥948 million, or 54.4% year on year.」

「We continue to pursue applications of flexible technology in displays, sensors, wearable devices, and equipment for manufacturing processes related to batteries and mobile devices, with the aim of expanding our product portfolio.」

「In terms of sales, in addition to delivering precision coating equipment related to flexible displays for China,」

「In terms of orders, we secured contracts for precision coating equipment related to flexible displays for China and ovens related to flexible displays for Japan, among others, bringing orders to a substantial increase of ¥1,743 million, or 504.8% year on year. In terms of sales, in addition to deliveries of precision coating equipment related to flexible displays for China, work progressed on precision coating equipment made of polyimide for organic vapor-deposition masks, among others,」

「Large contracts were secured for a continuous annealing line for copper strip for Japan, a continuous rubber-coating line for metal strip for Japan, and precision coating equipment related to flexible displays for China, among others, bringing orders to ¥12,414 million, or 246.7% year on year. In terms of sales, work progressed on mass-production vacuum carburizing equipment for automotive parts for Japan, modification work on heating furnaces for the steel industry, and precision coating equipment related to flexible displays for China, among others,」

「In this field, we continued developing clean ovens capable of providing an integrated coating and drying system, and installed a demonstration unit for a hot-air-circulation clean oven incorporating the latest particle-control measures.」

「In terms of sales, work progressed on a combined continuous galvanizing and coating line for Thailand, modification work on a continuous annealing line for stainless-steel strip for Japan, and precision coating equipment related to organic solar cells and liquid crystals for China, among others. However, due in part to the low opening order backlog and low orders in the first quarter, sales remained at ¥18,115 million, or 87.6% of the year-earlier level (Energy: ¥14,734 million, 84.5%; Information & Communications: ¥1,932 million, 138.7%; Environmental Protection: ¥1,288 million, 119.9%; Other: ¥1,552 million, 74.8%).」

「In terms of sales, work progressed on precision coating equipment related to organic solar cells and liquid crystals for China, as well as organic semiconductors for Europe, among others, bringing sales to a substantial increase of ¥1,554 million, or 211.1% year on year.」

「In terms of orders, we secured contracts for precision coating equipment related to liquid crystals for China, organic solar cells for China and Taiwan, organic semiconductors for Europe, and flexible displays for Japan, among others,」

「In terms of orders, we secured contracts for precision coating equipment related to liquid crystals for China and touch panels for Taiwan, among others, bringing orders to a substantial increase of ¥2,332 million, or 211.3% year on year.」

「Overseas, we secured contracts for precision coating equipment related to LCDs for China, continuous aluminum coating lines for Southeast Asia, and a demonstration project for energy-efficient heating furnaces for India,」

「In addition to developing products for organic EL and flexible displays, which are expected to have broad applications ranging from next-generation displays to lighting, we aim to expand our product portfolio to include manufacturing processes for mobile devices and batteries.」