Kurogane Kosakusho Ltd. (7997) Stock Price

Kurogane Manufacturing is a company whose core business is the manufacture and sale of furniture-related products and building-integrated equipment. The company forms a group consisting of three subsidiaries and one affiliated company, providing integrated services from product manufacturing through sales, logistics, and installation.

The company's revenue structure is supported by two main pillars: furniture-related products and building-integrated equipment. In the furniture business, it operates through direct sales to customers nationwide and sales via distributors. In building-integrated equipment, it handles direct delivery to buildings, factories, and hospitals across the country, as well as supply through OEM contracts.

Business segments are divided into furniture-related products and building-integrated equipment. On the manufacturing side, operations are handled by the parent company along with two subsidiaries, K.S.M. and K.F.S. In the furniture business, the company also leverages collaboration with affiliated company Japan Accuride. Kurogane Kosan specializes in handling all logistics operations for the entire group.

Kurogane Manufacturing has announced its new medium-term management plan "Power up 2028" covering fiscal years 2026 through 2028, targeting stable expansion of its earnings base. The company is recovering from eight consecutive periods of operating losses and is pursuing a strategy to further strengthen the business foundation cultivated under its previous medium-term plan "Revive 2025," with the goal of transitioning to a sustainable growth trajectory.

In priority investment areas, the company will maximize its partnership with Steelcase, a major U.S. office furniture manufacturer, to deploy world-class office solutions in the domestic market. Moving beyond furniture sales alone, the company is positioning comprehensive workplace construction services as its core differentiation strategy, encompassing office design, expanded proposal-based business, and full-scale entry into interior construction to address customers' workplace transformation needs. Additionally, the company is positioning entry into property management services and circular economy initiatives as new revenue sources.

In new market development, the company is focusing on strengthening fixture sales in the healthcare sector and expanding custom products for logistics facilities. In the building-integrated equipment division, the company is implementing selective order acceptance while advancing business operations centered on renovation and maintenance demand for completed projects. The company is also reviewing production lines through major equipment renewal investments and strengthening its made-to-order production capabilities to actively capture custom products.

In technological innovation, the company is promoting production process efficiency through workforce diversification and mobility, and aims to expand its product range through improved design proposal capabilities. The company will continue personnel expansion and compensation improvements to strengthen sales capabilities, as well as IT investments for administrative efficiency, thereby reinforcing its human resources and brand foundations to achieve stable profitability and business expansion.