Strengthening the sales structure, technical support and regional responsiveness

「Against this market backdrop, group-wide results for the current consolidated fiscal year included revenue of ¥142,009 million, an increase of 4.2% year on year.」

「Reflecting continued firm demand for automotive-related parts in the United States and increased orders associated with efforts to develop the Chinese electric vehicle market, revenue in this segment increased 9.4% year on year to ¥23.257 billion, while segment profit increased 30.3% to ¥4.064 billion.」

「In Japan, the reversal of the impact of the previous year's vehicle certification irregularities and price increases contributed to revenue. In North America and China, increased orders resulted from higher market share for bearings used in automotive components, such as shock absorbers. Revenue increased 4.4% year on year to ¥11,135 million.」

「Revenue in fiscal 2024 reached ¥136,303 million, an increase of ¥7,565 million year on year, exceeding the previous fiscal year's result.」

「In addition to increased orders from business development targeting electric vehicles in China and the yen's depreciation against foreign currencies, revenue in this segment increased 4.2% year on year to ¥10,664 million, while segment profit increased 6.0% to ¥1,455 million.」

「In response to the recovery in production by major automotive customers as semiconductor supply shortages eased, and to strong demand in the marine and construction machinery industries, revenue in fiscal 2023 reached ¥128,738 million, an increase of ¥13,257 million year on year, exceeding the target of ¥102,100 million.」

「The order backlog as of the end of December 2023 stood at 27.09 million gross tons, up from the end of the same quarter of the previous year. Sales increased from the same quarter of the previous year, driven by rising demand for large vessels such as container ships, increased orders from continued new customer development in China, and strong sales of service parts as the market recovered from the COVID-19 pandemic.」

「The order backlog as of the end of September 2023 stood at 22.19 million gross tons, a slight increase from the end of the same quarter of the previous year. Sales rose sharply from the same quarter of the previous year, driven by rising demand for large vessels such as container ships, increased orders from continued new customer development in China, and strong sales of service parts as the market recovered from the COVID-19 pandemic.」

「As the impact of COVID-19 subsided, revenue increased substantially year on year, reflecting increased orders for spare and service parts for power generator turbines and successful business development for compressor bearings used in oil-refining plants.」

「For automotive bearings, although production had not yet fully recovered because of parts shortages caused by semiconductor shortages and supply chain disruptions, revenue increased slightly year on year, supported by firm demand. Revenue from aluminum die-cast products also increased substantially as new deliveries of components for electric vehicles increased. In addition, supported by firm demand in the marine, construction machinery, and energy sectors and the yen's depreciation against foreign currencies, revenue increased 15.1% year on year to ¥87,596 million.」

「The order backlog as of the end of September 2022 increased from the end of the same quarter of the previous year. Sales rose sharply from the same quarter of the previous year, driven by increased maritime cargo movements accompanying the recovery of the global economy, continued strong maintenance demand, and improved order conditions and share gains from new customer development, including for LNG carriers (tankers that transport liquefied natural gas).」

「The order backlog as of the end of June 2022 increased from the end of the same quarter of the previous year. Sales rose sharply from the same quarter of the previous year, driven by increased maritime cargo movements accompanying the recovery of the global economy, a trend toward higher maintenance demand, and improved order conditions and share gains from new customer development, including for LNG carriers (tankers that transport liquefied natural gas).」

「Against this market backdrop, during the cumulative third quarter of the current consolidated fiscal year, revenue increased 28.6% year on year to ¥76,073 million, as demand recovered in Japan and overseas from the impact of COVID-19 in the automotive, marine, and construction machinery sectors.」

「Within the group, the company is seeking to increase its market share through recurring orders generated by new business development targeting China for low-speed diesel engine bearings used in LNG carriers, although」

「Within the group, although the company continued to receive orders from new business development targeting China and South Korea for engine bearings used in LNG carriers (tankers that transport liquefied natural gas), demand for bearings for low-speed diesel engines declined, resulting in lower revenue.」

「In particular, bearings for low-speed diesel engines supplied overseas contributed to an increase in market share, as the company was able to attract new overseas customers.」

「Against this market backdrop, during the cumulative third quarter of the current consolidated fiscal year, the automotive-related business generally performed firmly and group revenue increased. In the non-automotive sector, sales to the marine industry, which had remained sluggish for an extended period, turned upward, while sales to the construction machinery industry also increased, supported by strong external demand. General industrial markets also remained broadly firm, resulting in group-wide revenue increasing 4.9% year on year to ¥82,173 million.」

「Against this market backdrop, during the cumulative second quarter of the current consolidated fiscal year, the automotive-related business generally performed firmly and group revenue increased. In the non-automotive sector, sales to the marine industry, which had remained sluggish for an extended period, turned upward, while sales to the construction machinery industry also increased, supported by strong external demand. General industrial markets also remained broadly firm, resulting in group-wide revenue increasing 5.4% year on year to ¥53,822 million.」

「In addition, general industrial markets generally remained firm, with group-wide revenue increasing 7.6% year on year to ¥26,686 million.」

「However, operating profit increased 27.6% year on year to ¥6,511 million, reflecting the contribution from establishing a production structure at the Mexico plant capable of keeping pace with increased orders, profit generation from the steady growth in bimetal production at 大同メタル佐賀株式会社, and the effects of expanded global sales.」

「As a result, revenue increased 18.5% year on year to ¥48,006 million, while segment profit increased 37.0% to ¥6,875 million.」

「As a result, revenue increased 15.0% year on year to ¥31,169 million, while segment profit increased 21.5% to ¥4,101 million.」

「Overseas, although signs of a slowdown have intensified in China and North America, the world's two largest markets, sales expanded worldwide. As a result, revenue increased 10.1% year on year to ¥15,366 million, while segment profit increased 5.3% to ¥2,137 million.」

「In January 2017, the design engineers at the European Technical Center in the Czech Republic were relocated to the suburbs of Stuttgart, Germany, closer to customers, and integrated with the sales function. This established a structure for quickly identifying user needs and providing technical support.」

「For the Company, this will strengthen its ability to propose products to existing business partners. For the Iino Seisakusho Group as well, further business growth is expected through expanded sales using the Company's broad customer base in the automotive industry in Japan and overseas.」

「The Iino Seisakusho Group is also expected to achieve further business growth by expanding sales through the use of the Company's broad customer base in the automotive industry in Japan and overseas.」

「Sales of bearings for automotive parts increased 1.1% year on year to ¥3,490 million, partly as a result of successful overseas sales expansion activities.」

「To expand sales, the Group worked toward achieving its targets by strengthening its sales structure, enhancing technical support for customers, accurately identifying and addressing region-specific needs, and establishing a support structure aligned with changes in the Group's market environment.」