Sanoh Industrial Co.,Ltd. (6584) Stock Price

Sanoh Industrial manufactures and sells automotive and electrical components as its primary business. Specifically, the company provides value-added products using steel tubes. It also manufactures equipment used to produce these products. Sanoh Industrial operates globally through numerous subsidiaries and affiliated companies both domestically and internationally.

In Japan, Sanoh Industrial directly manufactures and sells automotive components. Additionally, related companies such as Fulton Products Industrial supply components to Sanoh Industrial. Software development, maintenance, and operations are outsourced to San-Oh Communications Corporation.

In North and South America, affiliated companies such as San-Oh America Incorporated manufacture automotive components and sell them locally, meeting demand in the North and South American markets.

In Europe, companies including San-Oh UK Manufacturing Limited in the United Kingdom and Geiger Automotive GmbH in Germany manufacture automotive components and sell them locally, strengthening the company's presence in the European market.

In China, companies such as Guangzhou Sanoh Tube Manufacturing Co., Ltd. manufacture automotive components and sell them locally. Shanghai Sanoh Machinery Manufacturing Co., Ltd. supplies manufacturing equipment to affiliated companies, enhancing competitiveness in the Chinese market.

In Asia, companies such as Able San-Oh Industries (1996) Co., Ltd. in Thailand manufacture automotive components and sell them locally. In India, San-Oh India Private Limited manufactures and sells both automotive and electrical components, addressing diverse market needs across Asia.

Sanoh Industrial announced a new medium-term management strategy in May 2024. The company is strengthening investment in thermal solution products across the battery electric vehicle, plug-in hybrid vehicle, and hybrid vehicle markets, aiming to expand market share. This approach enables the company to pursue a diversified market strategy not dependent on any single powertrain type.

In its automotive components business, Sanoh Industrial has adopted a "last man standing" strategy, continuing to supply products for internal combustion engine vehicles. As competitors exit the market, the company is leveraging regional monopolies to increase market share and strengthen pricing power. The company is also advancing localization of its global production system and improving productivity, with particular focus on capacity expansion in Asia and North and South America.

As a new business, the company is developing cooling equipment for data centers. Building on its track record with the Fugaku supercomputer, Sanoh Industrial is developing cooling products for data centers and collaborating with NTT Data and others to verify next-generation cooling technologies. The company is also expanding market presence through trade show participation.

Additionally, in its production solutions business, the company aims to sell its own processing equipment to contribute to manufacturing efficiency across the industry. In its wire condenser business for refrigerators, the company is strengthening its value chain to capture anticipated demand in the Indian market. Through these new business initiatives, Sanoh Industrial is pursuing diversified growth.