CHUO SPRING CO.,LTD. (5992) Stock Price

Chuo Hatsujo Co., Ltd. manufactures and sells springs, control cables, building materials and equipment, and automotive products. The company operates globally across Japan, North America, China, and Asia through 19 consolidated subsidiaries.

In Japan, Chuo Hatsujo Co., Ltd. manufactures and sells chassis springs, precision springs, cables, and building materials and equipment. Chuhatsu Transportation Co., Ltd. handles product transportation, and Seplus Co., Ltd. provides plating services. Chuhatsu Seiko Co., Ltd. manufactures precision springs.

Chuhatsu Sales Co., Ltd. manufactures and sells automotive products and processes building materials and equipment, while Gifu Chuhatsu Co., Ltd. manufactures cables. F.E.C Chain Co., Ltd. manufactures and sells automotive products, and Nagasaki Chuhatsu Co., Ltd. manufactures chassis springs and precision springs.

Chuhatsu Techno Co., Ltd. designs and develops automotive components and manufactures equipment, while Lirex Co., Ltd. designs and develops reels. In North America, CHUHATSU NORTH AMERICA, INC. manufactures and sells chassis springs, precision springs, and cables.

In China, Kunshan Chuhatsu Liuhe Machinery Co., Ltd. manufactures and sells cables, and Tianjin Chuhatsu Huaguan Machinery Co., Ltd. also manufactures and sells cables. Kunshan Chunhe Spring Co., Ltd. manufactures and sells precision springs and cables.

Tianjin Zhongxing Automotive Parts Co., Ltd. and Tianjin Longxing Spring Co., Ltd. manufacture and sell chassis springs, while Xiaogan Chuhatsu Liuhe Automotive Parts Co., Ltd. manufactures and sells chassis springs and precision springs. In Asia, Chufa Industrial Co., Ltd. manufactures and sells chassis springs and cables.

CHUHATSU (THAILAND) CO., LTD. manufactures and sells chassis springs, precision springs, and cables, while P.T. CHUHATSU INDONESIA manufactures and sells chassis springs and precision springs, and sells cables.

Chuo Hatsujo Co., Ltd. has formulated a medium- to long-term management plan through fiscal year 2027 and is advancing its growth strategy. The company aims to create trusted products through strengthening product competitiveness, entering new business fields, and achieving breakthrough cost reductions. Specifically, the company targets consolidated net sales of 110 billion yen, operating profit of 5.5 billion yen, an operating profit margin of 5%, and ROE of 5% or higher.

To strengthen product competitiveness, the company is developing high-performance and high-function products, advancing modularization, and expanding EV-compatible offerings to meet customer needs. As part of its expansion into new fields, the company has established an Asia Regional Headquarters in Bangkok, targeting markets in Asia and the Global South. The company has also entered the Indian market and is strengthening the manufacturing and sales of precision springs and chassis springs.

For breakthrough cost reductions, the company is advancing in-house secondary processing of coil spring materials and improving productivity for power back door springs. In particular, the company is pursuing borderless procurement to reduce direct material costs and is developing new suppliers. This approach enables the use of low-cost, high-quality materials and components.

Additionally, as part of its SDGs initiatives, the company is promoting carbon neutrality and aims to reduce CO2 emissions by 50% compared to fiscal year 2023 by fiscal year 2035. This includes process development and fuel conversion. In its financial strategy, the company uses ROE as a management indicator to improve profitability and asset efficiency, thereby enhancing corporate value.

Chuo Hatsujo is also focusing on responding to technological innovation and strengthening its compliance framework to achieve sustainable growth. In particular, the company is developing products that enhance vehicle operational stability and comfort, strengthening its technological competitiveness. Through these initiatives, the company aims to become a trusted "100-year company."