Strengthening Precision Springs and Entering the Aftermarket through Business Selection and Concentration
First written in FY2023. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: 2026-05-28.
0 other companies' latest entry also says "Advanced".
- 2026-05-28AdvancedManagement plan
「Entering India, where the market continues to expand」
The company entered into a technical support agreement with a local Indian company, giving concrete form to market expansion in the precision spring and cable businesses. - FY2025AdvancedAnnual report
「In India, we established a joint venture to produce precision springs and plan to establish new companies for the manufacture and sale of chassis springs and other products and local materials procurement, as well as a joint venture to produce control cables.」
The company has established a precision-springs joint venture in India and is expanding its plans to establish joint ventures for the manufacture and sale of chassis springs and other products, local materials procurement, and control-cable production. In non-automotive fields, it also sells healthcare products and EV accessories. - FY2024AdvancedAnnual report
「We established the Asia Regional Headquarters Office in Bangkok as a foothold for expanding sales in the aftermarket in Asia and the Global South. In India, we established a joint venture to manufacture and sell precision-spring products and are expanding sales activities in the Indian market, where economic growth is continuing on the back of its large population and increasingly sophisticated consumption.」
The company has made concrete plans for developing the precision-springs business and the aftermarket, including establishing an Asia Regional Headquarters Office in Bangkok and a manufacturing and sales joint venture in India. - FY2023First statedAnnual report
「Our main policy will be to strengthen the highly profitable precision-springs business. We will also actively enter the aftermarket, an area in which we have not previously made sufficient efforts. As the cable business is expected to face a shrinking market, we will restructure it and use the management resources generated as a result to develop new products and expand sales channels.」
The new plan identifies as new priority measures the strengthening of the highly profitable precision-springs business, entry into the aftermarket, the restructuring of the cable business, which is expected to contract, and the development of new products and expansion of sales channels using reallocated resources.