Creation of New Products and Businesses
First written in FY2016. 8 of 11 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2021: 2 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「New-product sales ratio 6.0% 10.0% 10.0% To deploy this product in aerospace applications, where high reliability is required, the company obtained aerospace quality management certification (AS9100) in 2025.」
The new-product sales ratio was 6.0% in the first year of Phase 2, and the company disclosed progress toward the 10.0% target for the fiscal year ending March 2028. It also completed AS9100 certification for the expansion of 2G-Namd into the aerospace sector, moving into the concrete product-deployment stage. - FY2025AdvancedAnnual report
「New-product sales ratio 10.0% 7.1%」
For the new-product sales ratio in Phase 1 of SHIFT2030, the company disclosed the actual 7.1% for the fiscal year ending March 2025 against the initial target of 10.0%. It also advanced the development of products for new-energy vehicles, data-center cooling systems, and Softmatics products, and is targeting AS9100 certification in 2025 for the expansion of 2G-Namd into the aerospace sector. - FY2023AdvancedAnnual report
「New-product sales ratio 9.5% 10.0%」
The company disclosed the FY2023 actual new-product sales ratio of 9.5% against the 10.0% target for the fiscal year ending March 2025. It also continues to develop products for new-energy vehicles, Softmatics, Namd, and environmentally friendly products. - FY2022AdvancedAnnual report
「In addition, to accelerate the exploration of new businesses and development of new products targeted under the medium- to long-term management plan “SHIFT2030,” the company established the “New Business Exploration Team” within the Corporate Strategy Office and is strengthening its exploration capabilities.」
Regarding the creation of new products and businesses, the company has moved the function from NIC to the New Business Exploration Team in the Corporate Strategy Office and entered the implementation phase of strengthening its exploration capabilities. - FY2021ReframedAnnual report
「New-product sales ratio 11.2% 10.0% NIC (Nitta Innovation Crew), the dedicated team for exploring new businesses established to create new businesses and products, will transfer its functions to the “New Business Exploration Team” newly established within the Corporate Strategy Office, accelerating the exploration of new businesses and development of new products targeted under the medium- to long-term management plan “SHIFT2030.”」
The company set the FY2025 target for the new-product sales ratio under Phase 1 of SHIFT2030 at 10.0% and reorganized the plan to transfer NIC’s functions to the New Business Exploration Team and accelerate exploration and development. - FY2020AdvancedAnnual report
「First, in the new business area, during the current consolidated fiscal year the company acquired from the TOYO TIRE Group the truck and bus air-spring business of ニッタ化工品株式会社, in which it acquired a stake in FY2017. For new products, the company has been developing chemical filters to remove trace amounts of low-concentration hazardous gases present in cleanrooms, as well as body-pressure distribution measurement systems that can be operated stress-free in nursing-care and medical settings.」
The company is making concrete progress in developing new businesses and products, including the acquisition by ニッタ化工品 of the truck and bus air-spring business and the development of chemical filters and body-pressure distribution measurement systems. - FY2019RaisedAnnual report
「Sales ratio of new businesses and products 22.0% 25.0%」
Against the FY2018 actual ratio of 22.0%, the company set a FY2020 target of 25.0%, presenting a measurable new target for the sales ratio of new businesses and products. It also described specific product developments, including sensor sheets for high-temperature environments, FOGACT, robot hands, and a new belt series. - FY2018-Q3AdvancedAnnual report
「・Establishment of new business fields in growth markets through new high-performance products」
The acquisition of the chemical products business of the 東洋ゴム工業 Group was completed, moving the project to establish new business fields through new high-performance products into the implementation phase. The company does not state that the establishment of new products and businesses itself has been achieved. - FY2018-Q1AdvancedAnnual report
「・Establishment of new business fields in growth markets through new high-performance products ・Further advancement of core technologies leading to the creation of new products by the company」
As reasons for acquiring the chemical products business of the 東洋ゴム工業 Group, the company specified the establishment of new business fields through new high-performance products and further advancement of core technologies. - FY2017AdvancedAnnual report
「The company has identified new opportunities and begun development, thereby achieving an increase in the new-product sales ratio.」
The company states that activities by integrated development teams spanning sales, manufacturing, and engineering led to the identification of new opportunities and the start of development, resulting in a higher new-product sales ratio. - FY2016First statedAnnual report
「To promote the creation of new businesses and products more forcefully, the company launched NIC (Nitta Innovation Crew), a dedicated team for exploring new businesses,」
The company identified the creation of new products and businesses as a priority objective and established a dedicated team as the means of pursuing it.