Expansion of Priority Products and Market Share Gains

「In the Machinery Components Business, demand for focus products, including magnetic head substrates for HDDs and NT die cutters, remained firm, but revenue declined due in part to a pause in large-scale demand from China for metal components for twin-screw compounding extruders. In the Electrical Components Business, revenue increased as medical-related tungsten wire products for catheters and resistance-welding electrodes remained firm, while demand for power supply terminal components used in semiconductor manufacturing equipment expanded substantially. As a result, the Group’s net sales increased 3.1% year on year to ¥12.776 billion.」

「このような経済環境のもと、当社グループの業績は、機械部品事業では、注力商品であるＨＤＤ用磁気ヘッド基板や、ＮＴダイカッターの需要が堅調に推移したものの、二軸混練押出機用の金属部品が、中国向けのまとまった需要が一服したこと等により、減収となりました。」

「In the Machinery Components Business, demand for focus products, including magnetic head substrates for HDDs and wear-resistant components for steel mills, remained firm. However, revenue declined substantially due to a pause in the large-scale demand from China for metal components for twin-screw compounding extruders and a lack of momentum in NT die cutters.」

「As a result, the Group’s net sales increased 8.1% year on year to ¥12.392 billion.」

「The Group’s performance remained above the earnings outlook set at the beginning of the period as its focus products, magnetic head substrates for hard disk drives (HDDs) and NT die cutters, showed signs of recovery. On 26 September 2024, the Group upwardly revised its consolidated earnings forecasts for the second quarter (cumulative period).」

「Against this backdrop, the Group will focus on strengthening sales of new and focus products and accelerating the commercialization of products under development, while working to improve earnings and restructure its portfolio.」

「Against this economic backdrop, while each target market faced challenging conditions, the Group is flexibly raising product prices and expanding sales through strategic pricing on the sales side in line with the business environment. On the profit side, it is working to improve productivity through measures including automating production suited to high-mix, low-volume manufacturing and increasing the multifunctionality of production equipment.」

「Against this economic backdrop, with the Group expecting challenging performance for the fiscal year, it is working to recover earnings by strengthening initiatives to reduce costs through cumulative improvements and revise prices in response to rising raw material and energy costs.」

「As a result, the Group’s net sales increased 11.0% year on year to ¥9.812 billion.」

「In the markets targeted by the Group, the semiconductor and electronic components market remained strong, while the industrial equipment and components market also performed well, supported by domestic and overseas capital investment demand. As a result, the Group’s net sales increased 12.7% year on year to ¥6.611 billion, partly reflecting the penetration of revised selling prices.」

「The company is promoting initiatives to strengthen its earnings structure by strengthening the technological capabilities of existing products and expanding market share, as well as improving profitability through thorough reductions in production costs, among other measures.」

「In fiscal 2022, in light of recent domestic and overseas conditions, the Group will continue working to strengthen its earnings structure by further solidifying the foundation for growth and eliminating downside risks to earnings through measures including strengthening the technological capabilities of existing products and expanding market share, reducing production costs by promoting in-house production, and identifying unprofitable products and reallocating resources.」

「The semiconductor and electronic components market remained strong, while the automotive parts market also remained firm despite being slightly affected by semiconductor supply shortages. The industrial equipment market continued to recover, and the hygiene products and medical components market continued to recover gradually. As a result, the Group’s net sales increased 23.0% year on year to ¥8.837 billion.」

「Among the markets targeted by the Group, the automotive parts and semiconductor and electronic components markets remained strong, while the industrial equipment market continued on a recovery trend. The hygiene products and medical components market recovered slowly and remained sluggish. As a result, the Group’s net sales increased 24.6% year on year to ¥5.865 billion.」

「Among the markets targeted by the Group, the automotive parts market remained strong following the second half of the previous fiscal year, while the semiconductor and electronic components market remained above the previous year’s level. The industrial equipment and components market continued to recover gradually, while the hygiene equipment market remained sluggish, as the impact of curtailed capital investment persisted despite signs of a slight recovery. As a result, net sales increased 15.6% year on year to ¥2.883 billion.」

「The Group pursued its business toward earnings recovery, including launching new products and conducting sales activities targeting customers through the web and other channels. However, it was unable to fully offset the decline in earnings caused by the rapid deterioration in market conditions, and the Group’s net sales decreased 14.8% year on year to ¥9.894 billion.」

「In new product development, the company newly began selling wear-resistant components for twin-screw extruders. While focusing on expanding sales, it has continued initiatives for earnings recovery, including the ongoing allocation of resources to products under development.」

「Against this economic backdrop, to minimize the impact of COVID-19, the Group has strengthened initiatives aimed at future earnings recovery, including continuing sales activities such as meetings and project follow-up through web conferences and prioritizing the allocation of resources to products under development that warrant focus, such as components for twin-screw extruders.」

「In addition, to enable a V-shaped recovery after the COVID-19 pandemic subsides, the Group is focusing on developing new products, strengthening sales expansion activities in priority markets, and pursuing new initiatives, including following up on projects through web conferences.」

「Against this economic backdrop, the Group has accelerated the selection and concentration of products through rigorous profit management, while focusing on introducing new and focus products into 5 target markets, including hygiene and medical, semiconductors and electronic components, and automotive, based on the “Japan Tungsten Group 2020 Medium-Term Management Plan” formulated in fiscal 2018.」

「Although the Group pursued measures to expand sales, including developing customers at trade shows and expanding sales opportunities by strengthening its marketing function, overseas capital investment remained significantly curtailed, and some products were affected by the prolonged US-China trade dispute and other factors. As a result, net sales decreased 7.6% year on year to ¥8.790 billion.」

「Although the Group pursued measures to expand sales, including strengthening its sales function through new marketing initiatives, overseas capital investment was curbed more sharply than expected, and the Group was affected by the economic slowdown resulting from the US-China trade dispute and other factors. As a result, net sales decreased 9.4% year on year to ¥5.711 billion.」

「Although the Group worked to expand sales through new sales expansion activities and other measures, the impact of the economic slowdown gradually became apparent, including due to the US-China trade dispute and slowdowns in semiconductors and electronic components. As a result, net sales decreased 10.1% year on year to ¥2.811 billion.」

「As a result, the Group’s net sales increased 14.0% year on year to ¥12.651 billion.」

「The company worked to expand sales through active promotion targeting focus markets and other new sales expansion activities, including in overseas markets. As a result, net sales increased 15.6% year on year to ¥9.509 billion.」

「The company worked to expand sales through active promotion at trade shows targeting focus markets and other new sales expansion activities, including in overseas markets. As a result, net sales increased 18.3% year on year to ¥6.301 billion.」

「The company worked to expand sales by actively exhibiting at trade shows targeting the focus markets identified in its medium-term management plan and conducting other new sales expansion activities. As a result, net sales increased 20.3% year on year to ¥3.126 billion.」

「Against this economic backdrop, the Group worked to expand earnings by developing sales promotion activities targeting new customers, including exhibiting at trade shows and issuing product guidebooks, while actively expanding sales to existing customers, including by holding technical seminars. As a result, the Group’s net sales increased 9.7% year on year to ¥11.102 billion.」

「Against this economic backdrop, the Group worked to expand earnings through active sales expansion activities targeting existing customers and sales promotion targeting new customers. As a result, the Group’s net sales increased 12.9% year on year to ¥8.223 billion.」

「Against this economic backdrop, the Group worked to expand sales through active sales expansion activities in domestic and overseas markets and sales promotion targeting new customers.」

「Against this economic backdrop, the Group has actively introduced its focus product lines into markets expected to grow, including the automotive, medical, and hygiene sectors.」

「The company also seeks to differentiate its products in the automotive, electronics, industrial infrastructure, environmental and energy, and advanced sectors, and to roll out original, high-value-added products across a broad range of markets to capture and expand market share.」

「The company also seeks to differentiate its products in the automotive, electronics, industrial infrastructure, environmental and energy, and advanced sectors, and to roll out original, high-value-added products across a broad range of markets to capture and expand market share.」

「The company also seeks to differentiate its products in the automotive, electronics, industrial infrastructure, environmental and energy, and advanced sectors, and to roll out original, high-value-added products across a broad range of markets to capture and expand market share.」

「The company has adopted “expanding focus products,” “creating new technologies and products,” and “strengthening manufacturing” as its basic policies, while actively pursuing initiatives to increase market share.」