Automotive initiatives focused on CASE, electrification and ADAS as growth opportunities

「Against this backdrop, demand for reliability assessment testing of automotive equipment, particularly equipment related to electrification and autonomous driving, has grown substantially.」

「In the automotive industry, where our major customers operate, efforts to promote electrification have intensified, as reflected in increases in the production and sales of electrified vehicles, including EVs, PHVs and HVs, and announcements of plans to launch new models.」

「Against the backdrop of “CASE” in the automotive industry, the concept of the automobile is undergoing major change. In recent years, development toward vehicle electrification has advanced in order to achieve the carbon-neutrality targets established in response to environmental issues.」

「In the automotive industry, our target market, growth is continuing in electrification and advanced driver assistance systems. As these areas are expected to continue growing, we believe customers’ research and development expenses will increase further, and expect this to gradually feed through to our results.」

「Developments in the industry continue to reflect progress toward vehicle electrification, and orders have remained strong.」

「In the automotive industry, which is the target market for our core reliability assessment business, the shift toward vehicle electrification is progressing steadily, and development of vehicles toward full electrification is expected to continue growing. Development of semiconductors for electric vehicles is also expected to become more active, which we expect to be favorable for the company.」

「Against the backdrop of “CASE” in the automotive industry, the concept of the automobile is undergoing major change. The two major elements of this transformation are the adoption of xEVs, or next-generation vehicles, and ADAS, or advanced driver assistance systems.」