KATO WORKS CO., LTD. (6390) Stock Price

Kato Manufacturing is primarily engaged in the manufacture and sale of construction cranes and hydraulic excavators. The company group consists of 6 consolidated subsidiaries, 2 non-consolidated subsidiaries, and 6 affiliated companies. This structure enables the company to offer a broad product lineup and play an important role in the construction industry.

The company's business segments are organized by region. In Japan, the company focuses on construction cranes and hydraulic excavators. In China, Kato (China) Engineering Machinery Co., Ltd. and Kato Zhongjun (Xiamen) Construction Machinery Co., Ltd. manufacture and sell hydraulic excavators. In Europe, KATO IMER S.p.A. handles mini excavators, while KATO EUROPE B.V. handles construction cranes and hydraulic excavators.

In other regions, KATO WORKS (THAILAND) CO., LTD., based in Thailand, manufactures and sells construction cranes. Through these regional segments, Kato Manufacturing maintains competitiveness in global markets and provides products that meet diverse customer needs.

Kato Manufacturing Co., Ltd. is committed to its management philosophy of "contributing to society through excellent products." The company develops high-performance, high-quality products and supplies them to customers both domestically and internationally, thereby contributing to social progress. As a construction machinery manufacturer, the company aims to fulfill its responsibilities and earn the support of its stakeholders.

The company has formulated a three-year medium-term management plan with the fiscal year ending March 2023 as its first year. Under this plan, the company seeks to stabilize and grow earnings despite a challenging business environment. The plan's theme is "transformation toward a leaner and stronger business structure," with emphasis on improving profitability, strengthening financial position, and building foundations for the future.

Specific initiatives include reducing cost ratios, developing new products, optimizing sales prices, and reviewing sales bases. The company is also advancing the establishment of a joint venture in India and developing environmentally conscious products. These efforts are expected to progress future foundation building and improve profitability.

The new medium-term management plan beginning in the fiscal year ending March 2025 adopts the theme "leap forward to the next era." Key initiatives include enhancing corporate value, advancing growth strategies, further improving profitability, and practicing sustainability management. Through these measures, the company aims for sustainable growth and increased corporate value.