The IRISO Identity and Three-Market Expansion Through Value-Added Products

「In the Company's business areas, the automotive-related market is undergoing major changes, including an increase in powertrain components driven by electrification, described as occurring once every 100 years, and a sharp increase in data volumes and the shift to high-speed transmission resulting from the spread of ADAS (advanced driver assistance systems) for autonomous driving, as well as accelerated development of flying cars. The Company is therefore reviewing its business areas from a perspective encompassing the entire mobility market, rather than focusing solely on the current automotive market.」

「Net sales increased 11.1% year on year, mainly in the mobility market, due to firm demand for movable BtoB connectors supporting high-speed transmission in infotainment applications as the volume of information handled in vehicles increased, and continued strength in the China region in powertrain applications for xEVs (EVs, FCHVs, PHVs and HEVs). Consumer-market sales increased 2.6% year on year, partly due to higher sales of products for digital cameras. Industrial-market sales increased 92.4% year on year, reflecting a recovery in some FA equipment applications and continued expansion in the energy management field.」

「In this business environment, the Group saw growth in the automotive market from expanded business with overseas customers in infotainment, increased sales of new products supporting high-speed transmission, and growth in the powertrain field against the backdrop of demand for xEVs, although signs of a slowdown in growth emerged. In addition, demand in the consumer market declined and adjustments to capital investment continued in the industrial market. Net sales therefore remained at ¥41.14 billion, up 4.1% year on year.」

「Despite this uncertain business environment, the Group set a new record for cumulative third-quarter consolidated sales, driven by expanded sales in the powertrain field related to vehicle electrification and the yen’s depreciation against foreign currencies.」

「Despite this uncertain business environment, the Group expanded sales, mainly in the automotive market, including the powertrain field related to vehicle electrification, and set a new record for cumulative second-quarter consolidated sales, aided by the yen’s depreciation against foreign currencies.」

「Within the Company’s business areas, the automotive-related market is undergoing two major changes: an increase in powertrain components driven by vehicle electrification and the spread of ADAS (advanced driver assistance systems) in preparation for autonomous driving. The industrial-related market is seeing an increase in FA equipment and robots for automation and labor saving, as well as the introduction of next-generation mobile communications system 5G (the fifth-generation mobile communications system). The Company views these changes in both markets as opportunities, and aims to establish a customer-focused marketing and sales structure capable of developing products that meet customer needs and producing and supplying them globally and on a timely basis, with expanding sales in global growth markets as a key strategy.」

「In terms of sales, the Company will focus in the automotive market on five application fields, including safety and powertrain applications. In the industrial market, it will use IoT to expand sales in industrial equipment fields, where new technologies such as AI and robotics and related new production methods are being introduced, including PLCs, servo amplifiers and inverters, as well as in the communications field with the advent of 5G.」

「Against this backdrop, based on the principle of supplying high-value-added products that embody Iriso’s distinctive strengths to the market, the Company will focus in the automotive market on five application fields, including safety and powertrain applications, which are expected to grow as vehicle electrification and ADAS progress. In the industrial market, it will seek to expand sales in application fields such as PLCs, sensors and inverters.」

「Against this backdrop, based on the principle of supplying high-value-added products that embody Iriso’s distinctive strengths to the market, the Company will focus primarily on the automotive market, where vehicle electrification and initiatives related to safety and the environment are advancing, while developing the industrial and consumer-related markets as its three core pillars. It will advance the development of elemental technologies ahead of demand with a view to the future, pursue proactive product development and product supply with customers as its top priority, expand in-house production, and establish new sites to accommodate increased production.」

「Against this backdrop, based on the principle of supplying high-value-added products that embody Iriso’s distinctive strengths to markets that accept them, the Company will focus primarily on the automotive market, where vehicle electrification and initiatives related to safety and the environment are advancing, while developing the industrial and consumer-related markets as its three core pillars. It will pursue proactive product development and product supply with customers as its top priority, expand in-house production, and establish new sites to accommodate increased production.」