Stable Supply of Processed Products in China and Development of New Customers
First written in FY2016. 10 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
Uex moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2022: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2026DroppedAnnual report
「As performance had stagnated due to changes in the business environment, we concluded that using our management resources efficiently would contribute to enhancing corporate value and resolved in June Reiwa 7 to dissolve and liquidate the company.」
The disclosure states that a decision was made to dissolve and liquidate the business, rather than build an earnings base through stable supplies of processed products from China and the development of new end users. - 2026-05-13MaterialisedEarnings
「Operating loss was ¥32 million, compared with operating profit of ¥25 million in the same period of the previous year, due to expenses associated with the liquidation of an overseas subsidiary.」
Costs associated with liquidating an overseas subsidiary were recognised as a full-year operating loss in the processed products business. - FY2026-H1Losses due to sluggish performance and liquidation costsAnnual report
「Sales in the domestic construction sector's stainless steel processed products business were sluggish, resulting in revenue of ¥639.793 million, down 1.9% from the previous interim consolidated accounting period. Operating loss was ¥25.525 million due to costs associated with the liquidation of an overseas subsidiary, compared with operating profit of ¥9.762 million in the previous interim consolidated accounting period.」
The processed products business posted lower revenue, and operating profit swung from a profit in the interim period of the previous fiscal year to a loss of ¥25.525 million due in part to liquidation costs for an overseas subsidiary. - FY2025MaterialisedAnnual report
「In the China tube-making business operated by a consolidated subsidiary, indicators of impairment were identified because losses arising from operating activities had remained negative. After examining future recoverability, the carrying amount was reduced to the recoverable amount, and the reduction was recorded as an impairment loss under extraordinary losses.」
The China tube-making business was sluggish, with revenue and operating profit declining 9.4% and 42.3%, respectively. An impairment loss of ¥56.179 million was recorded against a backdrop of continuing operating losses, indicating that the longstanding challenge of building an earnings base had materialized as an impairment. - FY2025-H1Sluggish performance led to lower revenue and profitAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business were sluggish, resulting in revenue of ¥652.323 million, down 3.6% from the previous interim consolidated accounting period. Operating profit fell 37.0% to ¥9.762 million due to a decline in the gross profit margin in the China tube-making business. In the China tube-making business, the Company will conduct sales activities while monitoring changes in the demand environment and uncertain economic conditions in China.」
Both the domestic construction sector and the China tube-making business were sluggish, resulting in revenue and operating profit declines of 3.6% and 37.0%, respectively. The Company plans to conduct sales activities while monitoring economic conditions in China. - FY2024Profit declined despite higher revenue due to rising costs and SG&A expensesAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained resilient, resulting in revenue of ¥1,413.408 million, up 1.9% from the previous fiscal year. Meanwhile, operating profit fell 57.5% to ¥43.837 million due to higher manufacturing costs in the domestic business and higher selling, general and administrative expenses in the overseas business.」
Revenue in the processed products business increased 1.9%, while operating profit fell 57.5% due to higher domestic manufacturing costs and overseas SG&A expenses. In the China tube-making business, the Company plans to conduct sales activities while monitoring economic conditions in China. - FY2024-Q3Continued profit declines despite higher revenue due to rising costs and SG&A expensesAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained resilient, resulting in revenue of ¥1,065.143 million, up 1.2% from the first nine months of the previous fiscal year. Meanwhile, operating profit fell 43.9% to ¥49.082 million due to higher manufacturing costs in the domestic business and higher selling, general and administrative expenses in the overseas business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
Revenue in the processed products business increased 1.2%, while operating profit fell 43.9% due to higher domestic manufacturing costs and overseas SG&A expenses. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2024-Q2Profit declined despite higher revenue due to rising manufacturing costs and SG&A expensesAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained resilient, resulting in revenue of ¥676.986 million, up 5.5% from the first six months of the previous fiscal year. Meanwhile, operating profit fell 62.4% to ¥15.496 million due to higher manufacturing costs in the domestic business and higher selling, general and administrative expenses in the overseas business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
Revenue in the processed products business increased 5.5%, while operating profit fell 62.4% due to higher domestic manufacturing costs and overseas SG&A expenses. In the China tube-making business, the Company continues to develop new end users, deepen relationships with existing customers, and conduct sales activities primarily targeting Japanese companies. - FY2024-Q1Profit declined despite higher revenue due to rising manufacturing costs and SG&A expensesAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained solid, resulting in revenue of ¥333.528 million, up 3.8% from the first quarter of the previous fiscal year. Meanwhile, operating profit fell 71.1% to ¥5.365 million due to higher manufacturing costs in the domestic business and higher selling, general and administrative expenses in the overseas business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
Total business revenue increased 3.8%, while operating profit fell 71.1% due to higher manufacturing costs and higher SG&A expenses in the overseas business. The policy of building an earnings base by developing new end users and deepening relationships with existing customers remains in place. - FY2023Profit declined despite higher revenue due to a lower gross profit marginAnnual report
「Although sales to the core automotive sector in the China tube-making business declined, sales of stainless steel processed products in the domestic construction sector remained solid, resulting in revenue of ¥1,387.265 million, up 18.1% from the previous fiscal year. Operating profit fell 31.2% to ¥103.206 million due to lower gross profit margins in both the domestic and China tube-making businesses.」
Revenue increased 18.1% on sales of processed products in the domestic construction sector, while operating profit fell 31.2% due to lower sales to the core automotive sector in China and lower gross profit margins in both businesses. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2023-Q3Profit declined despite higher revenue due to rising costs and lockdownsAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained solid, resulting in revenue of ¥1,052.372 million, up 20.0% from the first nine months of the previous fiscal year. Operating profit fell 27.8% to ¥87.417 million due to higher manufacturing costs in the domestic business and the impact of the Shanghai lockdown on the overseas business.」
Revenue in the processed products business increased 20.0% year on year, while operating profit fell 27.8% due to higher manufacturing costs in the domestic business and the impact of the Shanghai lockdown. In the China tube-making business, the policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2023-Q2Profit declined despite higher revenue due to rising costs and lockdownsAnnual report
「The domestic construction sector's stainless steel processed products business remained solid, resulting in revenue of ¥641.433 million, up 21.3% from the first six months of the previous fiscal year. Operating profit fell 33.1% to ¥41.261 million due to higher manufacturing costs in the domestic business and lower sales volumes in the China tube-making business, partly because of the impact of the Shanghai lockdown. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
Revenue in the processed products business increased 21.3%, while operating profit fell 33.1% due to higher manufacturing costs in the domestic business and lower sales volumes resulting from the Shanghai lockdown. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2023-Q1Profit declined despite higher revenue due to rising costsAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained generally solid, resulting in revenue of ¥321.416 million, up 27.7% from the first quarter of the previous fiscal year. Operating profit fell 42.9% to ¥18.546 million due to higher manufacturing costs in the domestic business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
The processed products business remained generally solid, and revenue increased 27.7%, while operating profit fell 42.9% due to higher manufacturing costs in the domestic business. In the China tube-making business, the policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2022AdvancedAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained solid, resulting in revenue of ¥1,174.645 million, up 12.3% from the previous fiscal year. Operating profit increased 23.4% to ¥149.959 million, due to the effect of higher domestic revenue and the higher gross profit margin in the China tube-making business.」
The processed products business remained solid, with revenue and operating profit increasing 12.3% and 23.4%, respectively. The policy of building an earnings base by developing new end users and deepening relationships with existing customers also remains in place. - FY2022-Q3AdvancedAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained solid, resulting in revenue of ¥877.198 million, compared with ¥772.096 million in the first nine months of the previous fiscal year. Operating profit was ¥121.027 million, compared with ¥91.152 million in the first nine months of the previous fiscal year, due in part to the higher gross profit margin in the China tube-making business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies operating in China and build a solid earnings base.」
The processed products business, including the China tube-making business, remained solid. Revenue increased from ¥772.096 million in the same period of the previous fiscal year to ¥877.198 million, while operating profit increased from ¥91.152 million to ¥121.027 million. The policy of building an earnings base by developing new end users and deepening relationships with existing customers remains in place. - FY2022-Q2AdvancedAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained solid, resulting in revenue of ¥528.924 million, compared with ¥497.035 million in the first six months of the previous fiscal year. Operating profit was ¥61.663 million, compared with ¥44.288 million in the first six months of the previous fiscal year, due in part to the higher gross profit margin in the China tube-making business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies operating in China and build a solid earnings base.」
The domestic construction sector and China tube-making business remained solid. Revenue increased from ¥497.035 million in the same period of the previous fiscal year to ¥528.924 million, while operating profit increased from ¥44.288 million to ¥61.663 million. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies remains in place. - FY2022-Q1AdvancedAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business remained generally solid, resulting in revenue of ¥251.725 million, compared with ¥250.591 million in the first quarter of the previous fiscal year. Operating profit was ¥32.491 million, compared with ¥20.694 million in the first quarter of the previous fiscal year, due to a significant increase in the gross profit margin in the China tube-making business.」
The processed products business, including the China tube-making business, remained generally solid, and operating profit increased from ¥20.694 million in the same period of the previous fiscal year to ¥32.491 million. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies expanding into China also remains in place. - FY2021Revenue and profit declined due to the infectious disease; customer development policy continuesAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business were sluggish due to the spread of the novel infectious disease, resulting in revenue of ¥1,045.880 million, down 5.5% from the previous fiscal year. Operating profit fell 32.4% to ¥121.503 million, as the decline in revenue and repair expenses at the domestic plant, among other factors, reduced the gross profit margin.」
The Company continues to develop new end users, deepen relationships with existing customers, and conduct sales activities primarily targeting Japanese companies expanding into China in the China tube-making business. Meanwhile, the processed products business posted lower revenue and profit due to the infectious disease and other factors. - FY2021-Q3Continued declines in revenue and profit due to the impact of the infectious diseaseAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business were sluggish due to the spread of the novel infectious disease, resulting in revenue of ¥772.096 million, down 3.8% from the first nine months of the previous fiscal year. Operating profit fell 34.0% to ¥91.152 million, as the decline in revenue and repair expenses at the domestic plant, among other factors, reduced the gross profit margin. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies operating in China and build a solid earnings base.」
The domestic construction sector and China tube-making business were sluggish due to the infectious disease, resulting in revenue and operating profit declines of 3.8% and 34.0%, respectively. The policy of developing new end users, deepening relationships with existing customers, and conducting sales activities targeting Japanese companies remains in place. - FY2021-Q2Continued declines in revenue and profit due to the impact of the infectious diseaseAnnual report
「Both the domestic construction sector's stainless steel processed products business and the China tube-making business were sluggish due to the spread of the novel infectious disease, resulting in revenue of ¥497.035 million, down 5.6% from the first six months of the previous fiscal year. Operating profit fell 50.8% to ¥44.288 million due to the decline in revenue and repair expenses recorded at the domestic plant, among other factors. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies operating in China and build a solid earnings base.」
The domestic construction sector and China tube-making business were affected by the infectious disease, resulting in revenue and operating profit declines of 5.6% and 50.8%, respectively. Meanwhile, the policy of developing new end users, deepening relationships with existing customers, and conducting sales activities primarily targeting Japanese companies operating in China remains in place. - FY2021-Q1Revenue and profit declined due to the impact of the infectious disease, but the customer development policy continuesAnnual report
「Sales of stainless steel processed products in the domestic construction sector declined from the first quarter of the previous fiscal year, while the China tube-making business was also sluggish due to the spread of the novel infectious disease. Revenue fell 3.7% to ¥250.591 million. Operating profit fell 59.0% to ¥20.694 million, partly due to repair expenses recorded at the domestic plant. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
The processed products business, including the China tube-making business, was affected by the infectious disease, resulting in revenue and operating profit declines of 3.7% and 59.0%, respectively. The policy of building an earnings base through developing new end users, deepening relationships with existing customers, and conducting sales activities targeting Japanese companies remains in place. - FY2020AdvancedAnnual report
「Although sales of stainless steel processed products in the domestic construction sector fell below the previous fiscal year, operating profit remained strong due to improved earnings in the China tube-making business. The issue facing this business is to broaden its customer base in China. In addition to deepening relationships with existing customers, it is necessary to conduct sales activities primarily targeting Japanese companies expanding into China and develop new end users.」
Revenue in the processed products business fell 1.0% year on year, but operating profit increased 10.9% due to improved earnings in the China tube-making business. The Company continues to develop new end users, primarily among Japanese companies expanding into China, while deepening relationships with existing customers. - FY2020-Q3Total business revenue down, but continued earnings improvement in China tube-makingAnnual report
「Sales of stainless steel processed products in the domestic construction sector fell below the year-earlier level, resulting in revenue of ¥802.204 million, down 5.0% from the first nine months of the previous fiscal year. Operating profit increased 3.4% to ¥138.013 million due to improved earnings in the China tube-making business. In the China tube-making business, we continue to recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
Total business revenue fell 5.0% due to lower sales in the domestic construction sector, while operating profit increased 3.4% due to improved earnings in the China tube-making business. The policies of developing new end users, deepening relationships with existing customers, and conducting sales activities targeting Japanese companies remain in place. - FY2020-Q2AdvancedAnnual report
「The China tube-making business showed signs of recovery, but sales of stainless steel processed products in the domestic construction sector were slightly below the high level recorded in the first six months of the previous fiscal year, resulting in revenue of ¥526.317 million, down 1.3%. Operating profit increased 3.6% to ¥89.984 million, as the higher gross profit margin in the China tube-making business absorbed the increase in selling, general and administrative expenses. In the tube-making business, we recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
The China tube-making business showed signs of recovery. Although total business revenue fell 1.3%, operating profit increased 3.6%. The policy of building an earnings base by developing new end users and deepening relationships with existing customers remains in place. - FY2020-Q1AdvancedAnnual report
「Sales of stainless steel processed products in the domestic construction sector remained strong, and the China tube-making business showed signs of recovery, resulting in revenue of ¥260.208 million, up 5.3% from the first quarter of the previous fiscal year. Operating profit increased 54.4% to ¥50.506 million, as the higher gross profit margin absorbed the increase in selling, general and administrative expenses.」
The China tube-making business showed signs of recovery, and revenue and operating profit in the processed products business increased 5.3% and 54.4%, respectively, year on year. The policy of building an earnings base by developing new end users and deepening relationships with existing customers also remains in place. - FY2019RestatedAnnual report
「In the tube-making business, we recognize the development of new end users as an issue. In addition to deepening relationships with existing customers, we will conduct sales activities primarily targeting Japanese companies expanding into China and build a solid earnings base.」
The Company has reiterated its policy of building an earnings base by developing new end users, primarily among Japanese companies expanding into China, while deepening relationships with existing customers. - FY2019-Q3RestatedAnnual report
「In the tube-making business, in addition to deepening relationships with existing customers, we will focus on developing new customers, primarily Japanese companies expanding into China, and build a solid earnings base.」
The Company has reiterated its policy of building an earnings base by deepening relationships with existing customers and developing new customers, primarily Japanese companies expanding into China. - FY2019-Q2Shift toward deepening existing customer relationships and focusing on Japanese companiesAnnual report
「In the tube-making business, in addition to deepening relationships with existing customers, we will focus on developing new customers, primarily Japanese companies expanding into China, and build a solid earnings base.」
The disclosure now highlights deepening relationships with existing customers and developing new customers, primarily Japanese companies expanding into China, instead of the previous reference to developing local customers. - FY2019-Q1Declines in revenue and profit from the China tube-making businessAnnual report
「Sales of stainless steel processed products in the domestic construction sector remained strong, but sales in the core automotive sector of the China tube-making business were sluggish, resulting in revenue of ¥247.066 million, down 3.3% from the first quarter of the previous fiscal year. Operating profit fell 21.5% to ¥32.719 million despite efforts to reduce selling, general and administrative expenses. In the tube-making business, the Company will focus on developing local customers in addition to Japanese companies expanding into China, with the aim of building a solid earnings base.」
In the China tube-making business, sales to the core automotive sector were sluggish, resulting in revenue and operating profit declines of 3.3% and 21.5%, respectively, year on year. The policy of building an earnings base by developing local customers remains in place. - FY2018Continued declines in revenue and profit from the China tube-making businessAnnual report
「Although sales of stainless steel processed products in the domestic construction sector remained strong, sales to the core automotive sector in the China tube-making business declined, resulting in revenue of ¥1,074.663 million, down 1.7% from the previous fiscal year. Operating profit fell 15.6% to ¥133.669 million, as the significant decline in profit from the tube-making business outweighed efforts to reduce manufacturing costs and selling, general and administrative expenses.」
Revenue and operating profit in the China tube-making business fell 1.7% and 15.6%, respectively, due to lower sales to the core automotive sector. Although efforts to reduce manufacturing costs and SG&A expenses are noted, business performance continues to deteriorate. - FY2018-Q3Continued profit decline in the China tube-making businessAnnual report
「In the China tube-making business, sales to the core automotive sector declined, but sales of stainless steel processed products in the domestic construction sector remained strong, resulting in revenue of ¥806.105 million, up 0.6% from the first nine months of the previous fiscal year. Operating profit fell 15.2% to ¥107.256 million, as the significant decline in profit from the tube-making business outweighed efforts to reduce manufacturing costs and selling, general and administrative expenses.」
In the China tube-making business, sales to the core automotive sector declined, and operating profit fell 15.2% year on year despite efforts to reduce manufacturing costs and SG&A expenses. Meanwhile, total business revenue increased 0.6% on sales of processed products in the domestic construction sector. - FY2018-Q2Profit decline due to lower revenue from the China tube-making businessAnnual report
「In the China tube-making business, sales to the core automotive sector declined, but sales of stainless steel processed products in the domestic construction sector remained strong, resulting in revenue of ¥528.388 million, up 5.9% from the first six months of the previous fiscal year. Operating profit fell 9.2% to ¥74.571 million, as the significant decline in revenue from the tube-making business outweighed efforts to reduce selling, general and administrative expenses.」
In the China tube-making business, sales to the core automotive sector declined, and operating profit fell 9.2% year on year despite efforts to reduce SG&A expenses. Meanwhile, total business revenue increased 5.9% on sales of processed products in the domestic construction sector. - FY2018-Q1AdvancedAnnual report
「Although China's tube manufacturing business saw a decline in sales to its core automotive-related customers, sales of stainless steel processed products in the domestic construction sector continued to perform well. As a result, revenue was ¥255.478 million, up 18.3% from the first quarter of the previous fiscal year. Operating profit was ¥41.655 million, up 33.9%, owing to an improved gross profit margin from lower material and manufacturing costs, as well as the effect of controlling selling, general and administrative expenses.」
Although sales to the automotive sector declined in the China tube-making business, revenue increased 18.3% on sales of processed products in the domestic construction sector. Operating profit also increased 33.9% due to lower material and manufacturing costs and controls on SG&A expenses. - FY2017-Q3Deterioration in the performance of China's tube manufacturing businessAnnual report
「Shipments of stainless steel processed products in the domestic construction sector fell short of the high level recorded in the same period of the previous year, while China's tube manufacturing business was affected by exchange-rate fluctuations. As a result, revenue was ¥801.626 million, down 6.4% from the cumulative third quarter of the previous fiscal year, and operating profit was ¥126.468 million, down 1.8%.」
Shipments in the domestic construction sector fell short of the high level recorded in the same period of the previous year, while China's tube manufacturing business was affected by exchange-rate fluctuations, resulting in year-on-year declines in revenue and operating profit. - FY2017-Q2AdvancedAnnual report
「In the tube manufacturing business, the gross profit margin improved as progress was made in increasing the added value of products. In addition to the effect of controlling selling, general and administrative expenses, this resulted in operating profit of ¥82.147 million, up 11.3% from the cumulative second quarter of the previous fiscal year.」
In China's tube manufacturing business, progress in increasing product value added improved the gross profit margin. Together with the effect of controlling selling, general and administrative expenses, this resulted in operating profit increasing 11.3% year on year. - FY2017-Q1AdvancedAnnual report
「Sales of stainless steel processed products in the domestic construction sector continued to perform well, but sales in China's tube manufacturing business declined for automotive- and machinery-related applications, resulting in revenue of ¥215.898 million, down 12.0% from the first quarter of the previous fiscal year. Operating profit was ¥31.117 million, up 12.4% year on year, owing to an improved gross profit margin from more efficient production and the effect of controlling selling, general and administrative expenses.」
In China's tube manufacturing business, sales to automotive- and machinery-related customers declined 12.0%, while operating profit increased 12.4% as a result of more efficient production and control of selling, general and administrative expenses. Although this did not directly concern stable supply or new-customer development, it demonstrated measurable improvements in manufacturing operations. - FY2016First statedAnnual report
「In the higher-value-added processed-products manufacturing business, we recognise that the challenges are to establish a system capable of stably manufacturing and supplying products that meet customer needs, and to develop new customers.」
In connection with the Chinese tube manufacturing business, the company identifies stabilising its manufacturing and supply system and developing customers as challenges.