Supply capabilities geared toward becoming a world-class full-service wheel manufacturer

「For undercarriage components for construction equipment and extra-large wheels for mining machinery, we will further strengthen customer trust as a global supplier, build supply platforms for growth markets, and strengthen and expand our aftermarket business, with the aim of achieving growth and stable earnings.」

「We steadily captured construction and mining machinery demand, which was on a recovery trend during the period. In addition, the global supply platform for passenger vehicle steel wheels was completed, and the acquisitions of リンテックス株式会社 and 旭テック株式会社 contributed to net sales exceeding the plan.」

「In response to this environment, the Group steadily captured demand for undercarriage components for construction equipment and extra-large wheels for mining applications, while the effect of newly consolidated companies contributed to the automotive wheel business. On the other hand, higher costs due to rising material prices and one-time acquisition-related expenses reduced profit. As a result, net sales were ¥140,269 million, up 32.1% year on year, and operating profit was ¥6,956 million, up 8.5%.」

「We also began initiatives to realize synergies with リンテックス株式会社, a steel wheel manufacturer, and 旭テック株式会社, an aluminum wheel manufacturer, both of which had been made wholly owned subsidiaries.」

「In the automotive and industrial machinery parts business, we completed in May this year the acquisition of ATCホールディングス株式会社, the holding company of 旭テック株式会社, as a wholly owned subsidiary to establish a new foundation for the global supply of aluminum wheels.」

「As part of these efforts, to expand our global supply platform in the steel wheel business, we established a joint venture in India, where automobile production is expected to expand over the long term, and made リンテックス株式会社 a wholly owned subsidiary to further strengthen our business base.」

「As part of these efforts, we decided to renovate the Kentucky plant of TOPY AMERICA, INC. in the United States, where major global automakers operate production sites, in the steel wheel business.」

「As part of these efforts, we established a joint venture in India in the steel wheel business, accelerating our global expansion.」

「As part of these efforts, we decided to establish a joint venture with Wheels India Limited in India to manufacture and sell steel wheels for passenger vehicles, accelerating our global expansion.」

「As part of these efforts, we strengthened our strategic alliance with MW ITALIA S.R.L. in the steel wheel business and worked to expand production capacity at our overseas sites for industrial fasteners, accelerating our global business expansion.」

「We strengthened our strategic alliance with MW ITALIA S.R.L., a steel wheel manufacturer with production sites in 7 countries, primarily in Europe, and began expanding capacity for industrial fasteners at our production site in Vietnam, accelerating our global business expansion.」

「We strengthened our strategic alliance with MW ITALIA S.R.L., a steel wheel manufacturer with production sites in 7 countries, primarily in Europe, accelerating our global business expansion.」

「We will expand and strengthen our global supply platform, enabling us to supply commonly designed wheels anywhere in the world, and further enhance our presence as a world-class integrated wheel manufacturer.」