NITTO SEIMO CO., LTD. (3524) Stock Price

Nitto Seimou manufactures and sells knotless nets and twisted nets for fishing and land-based applications, as well as ropes. The company also operates equipment rental services for fishing operations and engages in the purchase and resale of aquatic products. The Nitto Seimou Group consists of Nitto Seimou and 14 subsidiary companies.

In the fishing-related business, Nitto Seimou manufactures and sells fishing nets, while Taku Seimou Co., Ltd. sources semi-finished products from Nitto Seimou to manufacture fishing nets, primarily for nori (seaweed) farming. Nitto Net Co., Ltd. uses Nitto Seimou's facilities to perform finishing and antifouling treatments on fishing net products.

In the land-based business, Taito Co., Ltd. sources wildlife protection nets from Nitto Seimou and provides design, installation, and sales services for golf driving ranges and protective netting. The company also handles the sale of agricultural materials. Additionally, Nippon Turning Co., Ltd. manufactures and repairs machinery and equipment for Nitto Seimou.

In this manner, Nitto Seimou operates a diverse range of businesses centered on the manufacture and sale of fishing-related products, as well as the production and repair of land-based products and machinery equipment.

Nitto Seimou's growth strategy is built on core principles of "creativity, integrity, and effort," to which it has added "challenge." Specifically, the company prioritizes developing products that benefit society and offering them at reasonable prices. The company focuses on research and development, pursuing operational efficiency and cost reduction to meet the expectations of shareholders and users.

Under its medium-term management plan, the company has set a target of 3 billion yen in overseas sales. It aims to expand sales in Central and South America and Southeast Asia, centered on its subsidiaries in Chile and Thailand. The company also seeks to secure stable revenue streams through the development and sale of high-value-added products and by strengthening sales of raw materials and consumables.

Additionally, the company is promoting unified management of its consolidated group companies to achieve knowledge transfer through centralized management of personnel, technology, and capital. With awareness of its role as an industry leader, the company aims to lead the way in a new era and makes various proposals to the industry.

Nitto Seimou regards the expansion of its fishing-related business as a key priority, with particular focus on increasing fishing net sales. In a challenging business environment, the company is strengthening its processing division to differentiate itself from competitors. The company also recognizes talent recruitment and development as important priorities, aiming to improve employee retention rates.