Concentration of management resources on projects for China

「In the Chinese market, inquiries have been increasing from IHEP in Beijing, a synchrotron radiation facility developing several new beamlines, and IASF in Shenzhen, an X-ray free-electron laser facility whose new construction plans are progressing steadily.」

「With regard to order-taking activities, we visited the Shanghai-based X-ray free-electron laser facility SHINE, where a new construction plan is under way, to exchange information on the progress of the facility's plans and the manufacture of high-precision mirrors for the facility, and discussed plans for future development.」

「In the Chinese market, inquiries have been increasing from IHEP in Beijing, a synchrotron radiation facility developing several new beamlines, and IASF in Shenzhen, an X-ray free-electron laser facility whose new construction plans are progressing steadily. We have received many inquiries from both facilities for ultra-high-precision mirrors and will pursue orders for major projects following detailed specification studies.」

「Regarding equipment sales, this installation was for the Chinese branch of a Japanese company. However, it was our first installation and implementation project in Shanghai, China, and represented an important step toward selling to Chinese companies, which are expected to become a major market.」

「In China, Taiwan and South Korea in particular, demand is increasing not only for new construction and upgrade projects but also for replacement projects, creating a favorable environment in which the Asian market is expected to achieve medium- to long-term growth overall.」

「Regarding market conditions, construction and upgrading of synchrotron radiation and X-ray free-electron laser facilities on a scale unseen elsewhere is progressing in major Chinese cities, and we consider China to be a particularly promising market.」

「In China, the construction and upgrading of synchrotron radiation and X-ray free-electron laser facilities continues in major cities. In addition to ongoing orders from HEPS, the world's largest next-generation large-scale synchrotron radiation facility under construction in Beijing, and SHINE, an X-ray free-electron laser facility under construction in Shanghai, the company is receiving multiple inquiries from related facilities in Hefei and Shenzhen, where launch plans have been under development in recent years.」

「In particular, China is advancing the construction and upgrading of synchrotron radiation and X-ray free-electron laser facilities on a scale unseen elsewhere. In addition to orders from IHEP, the world's largest next-generation large-scale synchrotron radiation facility under construction in Beijing, the company has secured orders from multiple facilities, including SHINE, an X-ray free-electron laser facility under construction in Shanghai.」

「Although travel restrictions to China remain in place, we continue to focus on China as a priority region. In Europe and the United States, we are conducting face-to-face sales activities through regular travel and developing demand through detailed business discussions.」

「Although travel restrictions to China remain in place, new orders have been increasing from facilities including the world-class fourth-generation synchrotron radiation facility IHEP under construction in Beijing and the X-ray free-electron laser facility under construction in Shanghai.」

「Although travel restrictions to China remain in place, new orders have been increasing from facilities including the world-class fourth-generation synchrotron radiation facility IHEP under construction in Beijing and the X-ray free-electron laser facility under construction in Shanghai.」

「In Japan, orders from the synchrotron radiation facility SLiT-J, scheduled for completion in the Tohoku region in 2023, have been increasing. In China, despite continuing travel restrictions, new orders have been increasing from facilities including the fourth-generation synchrotron radiation facility under construction in Beijing, which will have the world's largest number of beamlines, and the X-ray free-electron laser facility under construction in Shanghai.」

「The same applies to China, where orders have become active from more than 10 facilities nationwide, including the fourth-generation synchrotron radiation facility under construction in Beijing, which will have the world's largest number of beamlines, and the X-ray free-electron laser facility under construction in Shanghai. Although travel to China remains restricted and is still not possible, orders have been increasing steadily.」

「In light of these circumstances, we will continue to focus on projects in China, where economic activity is recovering. [Omitted] In addition, approximately 120 beamlines are planned for the next-generation large-scale synchrotron radiation facility HEPS, currently under construction in Beijing, and we are receiving an unprecedented number of inquiries. China also has the financial resources to build synchrotron radiation and X-ray free-electron laser facilities at the local-government level. Plans for new facilities and upgrades are progressing simultaneously not only in Shanghai and Beijing but also in Hefei, Wuhan, Dongguan, Dalian, Chengdu and Shenzhen, among other cities, and we have already received inquiries and orders from multiple facilities.」

「In light of these circumstances, we intend to focus particularly on projects in China, where economic activity is recovering. Construction of synchrotron radiation facilities and X-ray free-electron laser (XFEL) facilities is progressing in more locations across China than anywhere else, and we believe China will be the most important region strategically for sales in the post-COVID-19 period.」

「Going forward, we intend to focus particularly on projects in China. Construction of synchrotron radiation facilities and free-electron laser facilities is progressing in China on a scale unseen in other regions, and we believe it is worthwhile to concentrate our management resources there.」