Strengthening the business platform in expanding markets

「中国・北米・日本の各地域において、足回り部品および駆動系部品の新規・拡大受注を獲得いたしました。」

「Although orders from local automakers continued to expand, sales to Japanese automakers remained sluggish. Revenue was ¥11,040 million, down 22.0% year on year, and the segment recorded a loss of ¥380 million, compared with a profit of ¥217 million in the same period of the previous year.」

「In the Chinese market, we expanded orders from local automakers and established a foundation for medium- to long-term growth.」

「MAP-CH（武蔵精密汽車零部件（中山）有限公司）では、富奥威泰克汽車底盘系统有限公司より、吉利汽車控股有限公司（Geely）向け GEA（EV プラットフォーム）用車種に適用されるサスペンション用ロアボールジョイントを受注いたしました。」

「In the Chinese market, orders from local OEMs are expanding, and efforts are under way to establish a foundation for medium- to long-term growth.」

「In addition, ahead of the shift to electric motorcycles, we are promoting the expansion of our EV business through open innovation in emerging markets such as India and Kenya.」

「In China, revenue was ¥29,987 million, up 36.3% year on year, and segment profit was ¥4,321 million, up 149.4%.」

「In India, a market expected to grow, we also began operating a new plant in the Bawal Industrial Area.」

「As part of efforts to strengthen our position in the world's largest market, China, we expanded production capacity at the Nantong facility and began mass production.」

「In the China region, net sales rose substantially to ¥17,735 million, up 23.9% year on year, due mainly to increased sales following the full-scale operation of the Tianjin site. Segment profit increased to ¥2,730 million, up 22.7%.」

「In the four-wheel vehicle business, we will actively capture growing demand in China to expand sales, while in the two-wheel vehicle business, we will seek to expand operations, primarily in India.」

「Strengthening the business platform in markets expected to expand」