Identifying a Third Business Pillar Beyond Medical Devices

「Research and development is carried out by the development groups of the Optimal Development Promotion Department, MIRAI Development Department, Production Engineering Department and Product Development Department, including those at overseas sites, as well as the development division of the subsidiary 株式会社パイオラックス メディカル デバイス.」

「At the same time, new trends in the automotive industry may make it difficult for the Group to expand profits simply by expanding its automotive business. Accordingly, the Company has begun efforts to create a new business that could become the third core business following medical devices.」

「To respond to the rapidly changing business environment, the Company is advancing new initiatives for sustainable growth of the Group, including opening a German representative office to expand its business in the European market, where CASE adoption is advancing, establishing the e Product Development Department to accelerate the expansion of orders for products addressing automotive electrification, and establishing the MIRAI Business Department to create a new business that could become the third core business following medical devices, without being constrained by its existing business areas.」

「In April 2022, the Company established 2 new departments. One was the e Product Development Department, established to accelerate the expansion of orders for products addressing CASE, particularly electrification. The other was the MIRAI Business Department, established to identify a new business that could become the third core business following medical devices, without being constrained by its existing business areas.」