OVAL Corporation (7727) Stock Price

Oval is a corporate group primarily engaged in the manufacturing and sales of measurement equipment. Specifically, the company handles flow meters, receivers, analyzers, and fluid control devices. The company also provides maintenance services related to these equipment. Oval operates globally with 12 subsidiaries and 3 affiliated companies.

Oval's business is divided into three divisions: the Sensor Division, the Systems Division, and the Service Division. The Sensor Division manufactures and sells industrial measurement equipment and related devices. Major affiliated companies include Yamanashi Oval, Miyazaki Oval, and OVAL ASIA PACIFIC PTE. LTD.

The Systems Division manufactures and sells instrumentation and control/management systems. Principal affiliated companies in this division include OVAL ASIA PACIFIC PTE. LTD. and OVAL ENGINEERING SDN. BHD. Through these operations, Oval provides products that meet diverse customer needs.

The Service Division handles maintenance services for industrial measurement equipment and devices, as well as calibration services for flow meters. Kehin Measurement and Sanyo Equipment Calibration are the primary affiliated companies supporting this division. Oval Assistance provides operational support to the Sensor Division and Service Division.

Oval's management philosophy is to create new value based on measurement technology and contribute to the realization of a prosperous society. The company has expanded its business scope from fluid measurement technology to measurement technology in general, providing customers with new value through high-value-added sensors and solutions. Additionally, to address global warming, Oval offers carbon-neutral and renewable energy-related products, contributing to the realization of a sustainable society.

Oval has established a medium-to-long-term management vision targeting sales of 20 billion yen, operating profit of 2.95 billion yen, and ROE of 10.0% by the fiscal year ending March 2032. To achieve this vision, PHASE 1 "Imagination2025" (ending in March 2025) focuses on reviewing business processes and organizational structures to improve efficiency and optimization. The subsequent PHASE 2 "Imagination2028" aims for further growth by leveraging this foundation.

As part of its growth strategy, Oval is focusing on strengthening its revenue base. The company is developing derivative and renewed products utilizing existing technologies and expanding its lineup of core products. For example, the battery-powered clamp-on ultrasonic flowmeter launched in autumn 2024 is a new product reflecting customer needs. Additionally, through reviews of design and production methods, Oval has achieved stable quality and delivery times while reducing costs.

Strategic investment for sustainable growth is also a key element. Oval is creating new businesses by leveraging engineering and production technology expertise. The smart sealing system "Lock'n Lorry" was developed as a next-generation product addressing environmental issues and improving safety. Furthermore, Oval pursues new business opportunities and profit creation through M&A.

Strengthening the Asian market is also an important strategy. Oval focuses on China, South Korea, Taiwan, and ASEAN regions, implementing business operations tailored to each region's characteristics. Through enhanced sales channels and information sharing, Oval aims to become Asia's No. 1 sensing solutions company.

As part of its SDGs initiatives, Oval provides decarbonization-related products leveraging hydrogen measurement technology. The company offers a lineup of flowmeters for hydrogen and ammonia measurement, performing flow measurement and calibration in hydrogen supply chains. Additionally, Oval is planning dedicated calibration equipment to improve quality and precision.

Oval prioritizes human resource development as a foundation for growth. The company is strengthening education and training programs to develop next-generation talent. Through the promotion of DE&I, Oval is securing excellent talent and improving employee engagement while providing a comfortable and rewarding workplace environment.