Expanding Orders and Sales Through New and High-Value-Added Products

「We view this as a year in which we will steadily advance initiatives for sustainable growth and earnings expansion through the basic pillars of the growth strategy disclosed in the Medium- to Long-Term Management Plan 2030, namely “product development that captures customer needs” and “the bold implementation of creative proposals.”」

「For EV accessories, we are expanding sales beyond automobiles to electric forklifts and electric carts.」

「During the interim consolidated accounting period, sales to major customers increased in Japan due to higher shipments of the new stabilizer (ODDS) and the resolution of the impact of production stoppages at certain customers that occurred in the previous year,」

「In particular, the expansion of business driven by the start of mass production of the new stabilizer contributed,」

「Sales to major customers increased year on year in Japan, as the expansion of new business driven by the start of mass production of the new stabilizer and efforts to reflect inflation in labor costs, steel and materials in customer selling prices outweighed the impact of production stoppages at customers due to typhoons and other factors,」

「For window-opening and closing devices, which are architectural components, we are developing new products using IT to help create comfortable spaces, with sales scheduled to begin in fiscal 2024.」

「As part of the development of new products and technologies, we began mass production of the new SDM stabilizer, which combines steering stability and off-road capability. In response to vehicle electrification, our chassis springs were adopted for a strategic battery EV model of a major customer in China. In addition, to expand the business into non-automotive fields, we began production of rail fastening springs for the railway sector and wheelchair towing devices for the healthcare sector, leveraging core technologies cultivated through the development and manufacture of automotive springs and control cables.」

「Looking to the medium and long term, this year is the first year of the Medium- to Long-Term Management Plan formulated at the end of May and a milestone year in which we plan capital investment roughly twice the level of a normal year. This includes investment to expand sales of existing products with a target of sales of ¥100 billion or more, new investment in high-profitability and EV-related products, and investment related to the SDGs.」

「As an example of a high-profitability product, development and production preparations for the high-performance chassis spring, which significantly improves safety and ride comfort and for which orders have already been confirmed, are proceeding steadily as planned. In addition, production has begun for chassis springs and precision springs for the flagship cars of major customers as new targets for sales expansion, and orders have been secured for chassis springs for electric vehicles in the Chinese market.」

「As an example of a high-profitability product, development and production preparations for the high-performance chassis spring, which significantly improves safety and ride comfort and for which orders have already been confirmed, are proceeding steadily as planned. In addition, production has begun for chassis springs and precision springs for the flagship cars of major customers as new targets for sales expansion, and orders have been secured for chassis springs for electric vehicles in the Chinese market.」

「Looking ahead, we will actively pursue higher value added for products to further improve profitability, expand our lineup of EV- and FCV-compatible products in response to the electrification strategies of our major customers, and enter non-automotive fields by leveraging technologies cultivated through automotive components. We will strengthen both sales and profitability and focus on achieving 中発Global Vision2025.」

「We will continue to actively expand the lineup of EV- and FCV-compatible products in response to the electrification strategies of our major customers, enhance product value added, contribute to a carbon-neutral environment, and promote initiatives aligned with the SDGs to address social needs, with the aim of advancing both growth and efficiency and achieving the medium- to long-term management plan under 中発Global Vision2025.」

「In addition to developing new mechanism products that enable high value added through modularization, we will apply the existing technologies in which the Group excels to previously unexplored areas, accelerate expansion into non-automotive fields such as railways, medical care, and healthcare, and work as one Group to expand the business.」

「We are actively expanding the lineup of EV- and FCV-compatible products in response to the electrification strategies of our major customers, enhancing product value added, and promoting initiatives aligned with the SDGs to contribute to a carbon-neutral environment and address social needs.」

「New orders through fiscal 2023 have been confirmed, so we will now give shape to the remaining plans and aim to achieve the fiscal 2025 plan.」

「In addition to developing new mechanism products that enable high value added through modularization, we will apply the existing technologies in which the Group excels to previously unexplored areas, accelerate expansion into non-automotive fields such as railways, medical care, and healthcare, and work as one Group to expand the business.」

「From the next fiscal year onward, for chassis springs, we intend to pursue further sales expansion in addition to new orders from new customers as well as existing major customers, while also working to expand production capacity, increase sales, and secure earnings.」

「We will develop new products by providing high-value-added products that leverage our core technologies, anticipating new demand associated with vehicle electrification and autonomous driving technologies, and developing new applications, while working as one Group to expand the business.」

「We will develop new products by providing high-value-added products that leverage our core technologies, anticipating new demand associated with vehicle electrification and autonomous driving technologies, and developing new applications, while working as one Group to expand the business.」

「We will develop new products by providing high-value-added products that leverage our core technologies, anticipating new demand associated with vehicle electrification and autonomous driving technologies, and developing new applications, while working as one Group to expand the business.」

「The Group will strengthen its competitiveness through the provision of new and high-value-added products, the creation of new demand, and the development of new applications, and pursue expanded sales and orders globally.」

「We will strengthen our competitiveness through the provision of new and high-value-added products, the creation of new demand, and the development of new applications, and pursue increased orders through expanded sales.」