Expanding the sales portfolio by developing new customers and products in preparation for vehicle electrification
First written in FY2019. 5 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We will formulate an ultra-long-term scenario for the progress of EV adoption, review a sales mix that is overly dependent on the ICE area, plant the seeds for new businesses, and work to broaden the customers to whom we sell and the products we can supply in both our existing and new businesses.」
The response to EV adoption has been made concrete through reviewing dependence on ICE-based business under an ultra-long-term scenario, seeding new businesses, and expanding customers and the range of products supplied. - 2026-06-01AdvancedGeneral Meeting of Shareholders
「We will review our sales mix, which is excessively dependent on the ICE sector, plant the seeds for new businesses, and expand the range of customers to whom we sell our products and the range of products we can supply, in both existing and new businesses.」
Regarding the shift toward EVs, the company reiterated as specific priorities reducing its dependence on ICEs, cultivating new businesses, and expanding its customer base and product offering. - FY2024RaisedAnnual report
「Although the pace of EV adoption currently appears to be slowing, we believe it will advance steadily over the long term. Over the long term, we must also change our business composition. To this end, we will actively pursue growth investments and seek to create new businesses.」
The response to EV adoption has been expanded beyond adjusting the mix of existing and new businesses to include changing the business composition, making new growth investments, and creating new businesses. - FY2023-Q2AdvancedAnnual report
「Revenue increased due to higher sales at the Chinese subsidiary MTXH as products entered the launch phase, as well as the inclusion of the Thai subsidiary 3MT in consolidation from the cumulative third quarter of the 65th fiscal period, among other factors.」
Efforts to expand the sales portfolio have produced higher revenue as products entered the launch phase at the Chinese subsidiary MTXH, while the addition of the Thai subsidiary 3MT to the scope of consolidation expanded the overseas sales base. - FY2022ReframedAnnual report
「We are preparing several ultra-long-term scenarios and considering how to review our business portfolio. We need to control the ratio of existing to new businesses while comparing these scenarios with the progress of vehicle electrification.」
The response to vehicle electrification has been structured not only around developing new customers and products, but also around adjusting the mix of existing and new businesses according to scenarios for the progress of EV adoption. - FY2021AdvancedAnnual report
「The Group's overseas production plants for its metal-related parts business were located at 3 sites in the United States, Vietnam, and Indonesia. 睦諾汽車部件（湖北）有限公司, established in Hubei Province, China, in October 2019, is scheduled to begin mass production this summer and will become the business's fourth overseas production site. The expansion into China was made in response to customer requests to produce and supply locally in China the parts currently produced and supplied in Japan.」
Expansion of the sales portfolio to new customers, products, and regions is becoming tangible through the planned start of mass production at the Chinese site and the acquisition of new business from local customers. - FY2021-Q1Decline in sales due to lower demand related to automobilesAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, demand related to automobiles declined sharply, resulting in a substantial decrease in revenue. As a result, revenue from this business was ¥300 million, down 41.7% year on year.」
Within the newly added resin-related parts area, one of the areas targeted for sales expansion in preparation for vehicle electrification, sales declined sharply due to lower demand related to automobiles. - FY2020AdvancedAnnual report
「By expanding sales of our core precision press parts and newly added precision resin-molded parts, as well as gaining access to China, a major new consumer market, we will make maximum use of our available resources, fully realize Group synergies, and translate them into higher sales.」
In response to vehicle electrification and infectious diseases, among other factors, the Company has positioned precision resin-molded parts, in addition to precision press parts, and access to the Chinese market as specific means of expanding its sales portfolio. - FY2019First statedAnnual report
「In preparation for a major shift in the composition of automotive parts as vehicle electrification advances, we believe it is necessary to broaden our customer base and product range. In sales, this means developing new customers and products, while in technology, it means developing new products and technologies. Through the acquisition of the Igari Group, resins and metal-resin composite products have become new sales areas.」
To address changes in the composition of existing parts resulting from vehicle electrification, the Company has identified the development of new customers, products, and technologies, as well as expansion into resin and metal-resin composite parts, as areas for growth.