Nippon Tungsten Co.,Ltd.【JP:6998】Stock Price

Japan Tungsten has three main business segments: machinery parts, electrical components, and other operations.

In the machinery parts business, the company manufactures and sells NT die cutters, magnetic head substrates, and semiconductor and LCD-related machinery components. It also produces dual-axis kneading extruder materials, wear and corrosion-resistant parts, and precision-machined products made from carbide and ceramics. Additionally, the company offers ultrafine bubble-related products and automation and labor-saving equipment.

In the electrical components business, the company manufactures and sells electrical contacts for power switching equipment, electrodes for resistance welding, electrical discharge machining, and plasma applications. It also handles X-ray shielding materials, counterweights for balancers, and tungsten and molybdenum products for medical and environmental applications.

Other operations include building management services. These businesses operate in areas not directly related to the machinery parts and electrical components segments.

Japan Tungsten operates globally through multiple subsidiaries both domestically and internationally. For example, the company has consolidated subsidiaries such as Fukuoka Kiki Manufacturing and Showa Electric Contact Industries, with additional operations in China, the United States, and Italy.

Nippon Tungsten has established the "Nippon Tungsten Group 2024 Medium-Term Management Plan" as its growth strategy. This plan focuses on strengthening profitability, expanding revenue from existing businesses, and creating new products and business lines. The company is also advancing the development and implementation of management policies that consider sustainability.

The company anticipates growth in the semiconductor and electronic components market as well as the industrial equipment and components market, and aims to expand its business in these sectors. In particular, it is focusing on the semiconductor market, where increased investment for data centers is expected, and the automotive components market, which is showing signs of recovery.

Nippon Tungsten is pursuing growth and revenue expansion through strengthening company-wide strategy and organizational structure. Specifically, it is leveraging powder metallurgy technology enhancement as a growth foundation and reorganizing its business portfolio to achieve sustainable growth.

In the next medium-term management plan, the company plans to review its overall vision, redefine its business domains, and strengthen core competencies. It is also working to integrate sustainability management and aims to enhance long-term corporate value.