Strengthening the Global Production System through Manufacturing Process Innovation and NPS Activities

「Capital investment during the consolidated fiscal year totaled ¥6,257 million. The main investments were plant expansions, equipment upgrades at each plant and the acquisition of equipment for rationalization.」

「Established the Production Innovation Department, directly reporting to the president, to lead DX initiatives」

「Since its establishment in 2011, オイレスインド has steadily expanded its sales, primarily through bearing products for automobiles. As part of its medium- to long-term growth strategy, in the Indian market, where a high growth rate is expected to continue, we will strengthen specification-in activities with non-Japanese manufacturers and uncover new demand for bearings associated with the electrification of automotive equipment. Through the development and supply of products that address these needs, we will capture new market opportunities.」

「The business divisions are making proactive capital investments to drive growth across the Oiles Group, while the head office organization is upgrading the internal foundations and management infrastructure that support this growth. Together, the business divisions and head office organization are working toward transformation and evolution.」

「We are also continuing to actively invest in facilities at our domestic and overseas sites to strengthen our production system.」

「Going forward, we will improve production efficiency and strengthen cost competitiveness by building an optimal global production structure and using the latest technologies, including IoT.」

「In the automotive parts business, expansion of the Oita Plant and installation of the production lines have been completed, and production will begin on advanced lines that achieve automation and greater efficiency.」

「Under fixed liabilities, long-term borrowings increased by ¥6 billion as we raised funds for the expansion of the Oita Plant.」

「In our core products for the automotive sector, we have begun work to expand the Oita Plant to 2.2 times its current size in response to rising domestic and overseas demand. We will introduce advanced production technologies, including fully automated lines, at the Oita Plant to ensure a stable supply of high-function, high-quality products and strengthen cost competitiveness, while also strengthening its role as the mother plant for our global production operations.」

「In 2015, we newly established the Production Innovation Department and have pursued the development of advanced production technologies and greater efficiency in production lines. We will introduce advanced production technologies, including fully automated lines developed as a result of these efforts, at the Oita Plant to ensure a stable supply of high-function, high-quality products and strengthen cost competitiveness. Through this investment, domestic sales of these products, currently approximately ¥2 billion, are expected to increase approximately threefold to around ¥6 billion in 2022. We will establish a system capable of responding rapidly and flexibly to the needs of the fast-growing global market and accelerate our growth strategy in that market.」

「In production, we aim to strengthen the foundation of our global production system by achieving globally competitive low costs, optimal quality and short lead times through process innovation and NPS (New Production System) activities.」