Developing New Growth Markets and Commercializing Them
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
99 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the consolidated fiscal year, the Company advanced the development of stockers for ultra-heavy objects such as molds and research and development of equipment using collaborative robots to reduce labor requirements. In addition, it focused on developing new products aimed at entering growth markets to expand its business. At KITAGAWA TRIAL LAB, the Company supports customers’ research and development through prototype production and evaluation testing using its presses and laminators.」
To develop and commercialize new growth markets, the Company advanced research and development of stockers for ultra-heavy objects, equipment using collaborative robots, and new products, as well as customer prototype and evaluation support at KITAGAWA TRIAL LAB. - FY2024-Q2AdvancedAnnual report
「① Investment in research and development of new products and the development of new growth markets to drive further growth in the Industrial Machinery Business 360 ¥360 million February 2024 to February 2027」
To develop and commercialize new growth markets, the Company disclosed an investment of ¥360 million in research and development and market development, with the planned spending period running from February 2024 to February 2027. - FY2023AdvancedAnnual report
「We are actively undertaking prototype molding requests and other projects involving these materials and assisting with their development.」
For new growth markets such as carbon-fiber-related markets, the Company has responded to requests for prototype molding of CFRTP and bio-based materials and continues customer engagement toward commercialization. - FY2022AdvancedAnnual report
「By combining the resulting CFRP automated layup system with the Company’s multi-stage press, we were able to build a CFRTP laminate molding line that combines flexibility in size and configuration with high productivity.」
For new markets such as carbon-fiber-related markets, the Company built a molding line combining a CFRP automated layup system with a multi-stage press, installed a prototype system in a customer prototype evaluation area, and began responding to inquiries. - FY2021First statedAnnual report
「From a medium- to long-term perspective, the Company will develop new growth markets, including carbon-fiber-related markets, and establish a path to commercialization.」
The new plan explicitly identified, for the first time, developing new growth markets such as carbon-fiber-related markets and establishing a path to commercialization as a target.