Steel trader カノークス is pursuing growth investments exceeding those outlined in its 11th Mid-Term Plan and is strengthening its facilities. As it diversifies its business base beyond automotive-related operations and increases hiring, it has moved its head office to Sakae.
Steel trader カノークス expects its growth investments to exceed the amount set out in its current medium-term management plan. Investment is focused on strengthening operating facilities and expanding capital expenditure, and the company is said to remain committed to an aggressive investment policy.
The company has executed 2 M&A transactions during the current fiscal year and has outlined plans to expand the group's business base beyond automotive-related operations and pursue sustainable growth. In response to the anticipated decline in steel demand due to population decline, it is strengthening its diversified business operations.