Expansion Beyond Marine Exhaust Gas Valves into Clean Energy Markets

「Ammonia valves: development completed; plan to establish a mass-production system aimed at launching the product in the market in the fiscal year ending March 2027 and achieving a 50% global market share in FY2030*¹.」

「Sales of LNG valves for fuel gas supply systems on LNG-fueled vessels increased revenue as the expansion of the customer base proved effective. LNG is attracting attention as a fuel for the transition toward decarbonization.」

「In addition, sales of LNG valves for fuel gas supply systems (FGSS: Fuel Gas Supply System) for LNG-fueled vessels, which are attracting attention as a fuel during the transition to decarbonization, increased as a result of expanding the customer base.」

「Although deliveries of LNG valves for fuel gas supply systems on LNG-fueled vessels progressed according to plan, revenue declined. LNG is attracting attention as a fuel for the transition toward decarbonization.」

「Sales of LNG valves for fuel gas supply systems on LNG-fueled vessels increased revenue as deliveries progressed according to plan. LNG is attracting attention as a fuel for the transition toward decarbonization.」

「During the consolidated fiscal year, we focused on developing new products in priority market fields such as next-generation energy and expanding our product lineup to help realize a low-carbon society. We also continued to use the Go-Tech Program (formerly the Supporting Industry Program) from the previous fiscal year to advance research and development on large-diameter butterfly valves for liquefied hydrogen through industry-government-academia collaboration.」

「Sales of LNG valves for fuel gas supply systems (FGSS: Fuel Gas Supply System) on LNG-fueled vessels increased steadily. LNG is attracting attention as a fuel for the transition toward decarbonization.」

「Against a backdrop of expansion in the electric vehicle (EV) market, construction of production lines related to lithium-ion secondary battery materials has become more active, increasing demand for customized products meeting secondary battery specifications. Sales to semiconductor-materials plants also remained firm, and we have stepped up our sales activities in response to the increase in inquiries.」

「In decarbonization-related projects, we delivered products for a methanation demonstration facility that synthesizes methane from carbon dioxide (CO2) and hydrogen. Including this project, inquiries and requests for quotations concerning the separation, capture, utilization and transportation of CO2 have increased, and we are monitoring future developments closely.」

「We promoted sales of LNG valves, or high-performance cryogenic butterfly valves, for LNG (liquefied natural gas), an energy source whose global demand is rising because of its contribution to achieving a low-carbon society. These valves received the top award in the “Kansai Monozukuri Shin-sen 2023” program organized by the Kinki Bureau of Economy, Trade and Industry.」

「Orders for high-performance cryogenic butterfly valves, referred to as LNG valves, also increased as demand for gas-fueled vessels expanded.」

「Orders for high-performance cryogenic butterfly valves, referred to as LNG valves, also increased as demand for gas-fueled vessels expanded.」

「As new initiatives during the consolidated fiscal year, we first pursued full-scale research and development on our large-diameter butterfly valves for liquefied hydrogen, which had been selected for the Ministry of Economy, Trade and Industry’s Strategic Core Technology Advancement Program (Supporting Industry Program). Second, we pursued orders for high-performance cryogenic butterfly valves for LNG-fueled vessels and LNG carriers as decarbonization progresses. As these efforts resulted in contract awards, inquiries increased steadily.」

「As a new initiative unique to our company, we moved forward with the full-scale launch of research and development on our large-diameter butterfly valves for liquefied hydrogen, which had been selected for the Ministry of Economy, Trade and Industry’s Strategic Core Technology Advancement Program (Supporting Industry Program). We also pursued orders for high-performance cryogenic butterfly valves for LNG-fueled vessels and LNG carriers as decarbonization progresses, and successfully converted those efforts into contracts.」

「In June 2021, we proceeded with preparations for the full-scale launch of research and development on our large-diameter butterfly valves for liquefied hydrogen, which had been selected for the Ministry of Economy, Trade and Industry’s Strategic Core Technology Advancement Program (Supporting Industry Program). In anticipation of growing demand for LNG-fueled vessels and LNG carriers as decarbonization progresses, we also developed high-performance cryogenic butterfly valves and began soliciting orders.」

「On 16 June 2021, our research and development project, “Research and Development of Large-Diameter Butterfly Valves with an Innovative Structure for Stable Sealing of Liquefied Hydrogen, Essential to Realizing a Hydrogen Society,” was selected for the Ministry of Economy, Trade and Industry’s Strategic Core Technology Advancement Program (Supporting Industry Program) for fiscal 2021. Through this project, we will develop lightweight, space-saving butterfly valves that achieve substantial cost reductions and advance the development of technology for stable sealing of liquefied hydrogen (-253°C).」

「While continuously monitoring global economic conditions and market trends, our Group will establish a development and sales structure capable of responding to growth markets, including the clean energy market supporting decarbonization. Alongside strengthening our existing product capabilities, we aim to establish a sound foundation as a listed company and achieve sustainable growth and development.」