Strengthening External Sales and Enhancing Value-Added Products in the Steelmaking Business

「In the steelmaking business, revenue from water treatment equipment-related products was recognized compared with the same period of the previous year, and sales to major customers remained strong. As a result, revenue was ¥1,471 million, up 20.8% year on year. Despite higher electricity unit prices and increased repair costs, the segment loss narrowed substantially to ¥41 million from ¥177 million in the same period of the previous year, supported by higher revenue and strong orders.」

「Under these circumstances, in Medium-Term Management Plan 2023 disclosed on 10 November 2023, the company has been advancing its business strategy by deepening its existing valve and steelmaking businesses, developing the Refine Metal business, which uses metal waste from decommissioned nuclear power plants as recycled raw materials, developing valves used in power generation with hydrogen, and expanding its business scope through cooperation with its subsidiary Taiyo Dengi Co., Ltd., which operates the electrical equipment-related business.」

「The steelmaking business will pursue the higher value-added production of its products as a key initiative. The company will work to improve profitability by providing high-value-added products with enhanced machining, inspection, materials, delivery times and, above all, quality.」

「The steelmaking business will pursue the higher value-added production of its products as a key initiative. The company will work to improve profitability by providing high-value-added products with enhanced machining, inspection, materials, delivery times and, above all, quality.」

「The company made every effort to expand sales by developing new customers and, in particular, proposing products with strong market appeal, such as highly complex and high-value-added products.」

「The outlook for the steelmaking business, one of the group's reporting segments, is highly uncertain. Although the company had sought to establish a relative competitive advantage through a survival strategy even as the domestic market continued to contract, earnings, which had grown steadily, are expected to reverse from the current consolidated fiscal year, with the medium-term outlook deteriorating to a level that could be described as a sharp decline.」

「Under these circumstances, during the nine-month period ended in the third quarter of the fiscal year under review, the company worked with full commitment toward achieving its earnings forecast and the milestones of its medium-term management plan. In addition to nuclear power-related projects, centered on the first periodic inspection work at Kyushu Electric Power's Sendai Nuclear Power Plant since its restart and restart-preparation work for nuclear power plants scheduled to restart, the focus was on the valve business, including the manufacture of replacement valves and parts and maintenance work arising from demand for valve maintenance and repairs at thermal power plants, while also seeking further expansion of the steelmaking and decontamination businesses.」

「During the first six months of the fiscal year, the company worked with full commitment toward achieving its earnings forecast for the fiscal year and the milestones in its medium-term management plan by expanding the steelmaking and decontamination businesses, in addition to focusing the valve business on nuclear-related projects, including the first periodic inspection work at Kyushu Electric Power's Sendai nuclear plant since its restart and restart preparation work for nuclear plants scheduled to restart, as well as the manufacture of replacement valves and parts and maintenance work arising from demand for valve maintenance and repairs at thermal power plants.」

「In the steelmaking business, strengthening external sales」

「The company worked to improve performance by expanding orders for projects with high geometric and material complexity and by raising selling prices while increasing customer satisfaction through value-added services such as machining and nondestructive testing for cast-steel materials. At the same time, it sought to reduce the costs of addressing internal defects, an inherent challenge in castings.」

「In the steelmaking business, strengthening external sales」