FY2024-Q2First statedAnnual report
「Under the long-term management plan LV2030, we have set a target of ¥14 billion in overseas sales (¥5.1 billion in fiscal 2022), and are working toward becoming a “leading global manufacturer” of our rotary joints.
India is expected to continue experiencing population growth and economic expansion, and the machine tools and steel industries, which include major customers for our products, are also expected to grow substantially as the automotive and electrical and electronics industries expand. We have decided to establish a new company to manufacture our products for this growing market.」
For the first time, the Group disclosed the targets of the long-term management plan LV2030, overseas sales of ¥14 billion and becoming a leading global manufacturer of rotary joints. It presented the establishment of a subsidiary manufacturing its products in India as a means of developing the market and building a supply system.