NITTO KOGYO CORPORATION (6651) Stock Price

Nitto Industries operates primarily in the manufacturing and sales of power distribution equipment, the procurement and sales of information and communications equipment, and the manufacturing and sales of electronic components. These operations are organized into three business segments: electrical and information infrastructure manufacturing, construction, and services; distribution; and electronic components manufacturing.

In the electrical and information infrastructure manufacturing, construction, and services segment, Nitto Industries both manufactures and sells products directly, while affiliated companies also handle manufacturing and sales. These affiliated companies include Shin-Aichi Electric Manufacturing, Taiyō Electric Manufacturing, and Nitto Industries (China) Limited. Additionally, ECAD Solutions develops and sells software, while Nankai Densetsu and EM Solutions handle construction projects for information and communications networks and electrical facilities.

In the distribution segment, Suntelephon and its subsidiaries procure and sell information and communications equipment. This supports Nitto Industries' distribution of such equipment, with some products also being sold through direct transactions with Nitto Industries.

In the electronic components manufacturing segment, Kitagawa Industries and its subsidiaries manufacture and sell electromagnetic environment components and precision engineering components. Through this operation, Nitto Industries maintains a significant presence in the electronic components market.

Nitto Kogyo has established a medium-term management plan targeting 2026 to enhance corporate value. The plan prioritizes achieving both social and economic value by addressing societal challenges. Specifically, the company is driving growth across three segments: electrical and information infrastructure manufacturing, construction, and service operations; distribution operations; and electronic components manufacturing.

In electrical and information infrastructure operations, the company is strengthening its foundation in distribution panels, cabinets, and information communications businesses while leveraging advanced technology to improve profitability. In fiscal 2024, the startup of the Seto Factory expanded orders for autonomous cabinets utilizing the "Smart Order" system. Going forward, the company will enhance profitability through production automation and smart factory advancement.

In strategic business initiatives, the company is pursuing globalization and expanding its business and technology domains. In fiscal 2024, the company participated in trade shows in India and Indonesia and established the "Control Panel DX Alliance" to transform the control panel industry. The company will continue strengthening overseas operational foundations and building environmental product business platforms to create new business opportunities.

In distribution operations, the company aims to expand market reach and service scope through enhanced solution offerings and evolved supply chain management. In fiscal 2024, the company established a customer-specific solution proposal system and began proposal activities. Going forward, the company will expand proposal offerings and digitalize sales processes.

In electronic components manufacturing, the company aims to strengthen global earning capacity through expanded overseas business and enhanced solutions. In fiscal 2024, the company held seminars for overseas customers and strengthened solutions for domestic automotive-related sectors. The company will continue deepening relationships with Japanese manufacturers' overseas subsidiaries and developing new functional materials.

Through these initiatives, Nitto Kogyo is working to enhance corporate value as a corporate group delivering "trust and peace of mind" for the planet's future.