Chino CorporationJP:6850Stock Price

Market cap
¥28.7B
P/E ratio
13.1x
Chino manufactures measurement and control equipment, instrumentation systems, and sensors for industrial applications through global operations spanning Asia and the United States.

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Business Overview

Chino operates four business segments: measurement and control equipment, instrumentation systems, sensors, and other services. These businesses are conducted in collaboration with domestic and overseas subsidiaries.

In the measurement and control equipment business, Chino manufactures and sells products domestically, while subsidiaries in the United States, China, Thailand, South Korea, and India handle sales overseas. In China particularly, Chino Measurement and Control Equipment (Kunshan) Co., Ltd. supplies products manufactured in-house.

In the instrumentation systems business, Chino, along with its subsidiaries Sanki Instrumentation Co., Ltd. and Advance Riko Co., Ltd., handle manufacturing and sales. Local subsidiaries in South Korea and China also manufacture and sell these products.

In the sensor business, Chino manufactures and sells products domestically, while Asakawa Lens Manufacturing Co., Ltd. supplies optical components. Meiyou Electric Co., Ltd. also sells its own products, and Chino Korea Co., Ltd. handles sales in South Korea.

In other businesses, Chino provides repair and maintenance services and sells consumables, while Chino Softex Co., Ltd. develops software. Additionally, Ars Co., Ltd. offers contract development and consulting services utilizing wireless technology.

Management Policy

Chino's fundamental philosophy is to contribute to industrial development and societal progress through measurement, control, and monitoring technologies. The company aims to enhance corporate value by solving social challenges through its proprietary technologies and solutions, and by earning stakeholder trust. Looking toward its 90th anniversary in 2026, the company's vision is to continuously create new value centered on three keywords: co-creation, distinctive strengths, and trust.

Chino has formulated a medium-term management plan targeting 2026, aiming for sustainable growth and enhanced corporate value. The plan prioritizes sustainability management, strengthening initiatives toward a decarbonized society and the realization of safe and secure communities. The company seeks to balance economic and social value creation while improving business sustainability.

Chino's growth strategy is based on four core strategic pillars. First, the company will develop and expand growth markets, leveraging group synergies to deliver distinctive solutions. Second, it will advance its core businesses by integrating proprietary technologies and services to create new value. Third, it will strengthen its overseas foundation and deploy region-specific strategies to expand operations. Fourth, it will reinforce its management foundation to support corporate value creation and innovation.

By business segment, key priorities include accelerating product development and expanding service operations in measurement and control equipment; advancing technology sophistication and creating new added value in instrumentation systems; and focusing on expanding non-contact sensing market share and developing high-value-added temperature sensors in the sensor business. Through these initiatives, Chino aims to meet market needs and sustain growth.

As a financial strategy, Chino will pursue optimal capital structure while ensuring financial soundness. The company will conduct growth investments with consideration for investment efficiency and aims to increase dividend payout ratios through sustained profit growth. For fiscal 2026, the company targets net sales of ¥30 billion, operating profit of ¥2.7 billion, and overseas sales of ¥7 billion. This is intended to achieve ROE of 10% and ROA of 8%.