KEIHIN CORPORATION (E02196) Stock Price

Keihin is a company whose primary business is the manufacturing and sales of automotive parts. The company operates as a group in partnership with 30 subsidiaries, developing and manufacturing various automotive components and supplying them to automobile manufacturers.

The company's largest customer is Honda Motor Co., Ltd., with which it maintains a continuous and close business relationship. Sales to Honda form a major pillar of the company's revenue, and it has established its position as an essential parts supplier for Honda's vehicle manufacturing. This stable business relationship provides the company with a sustainable revenue base.

The Keihin Group operates manufacturing facilities both domestically and internationally, establishing a global supply system. By leveraging its subsidiary network, the company has built an efficient parts supply system to automotive production bases worldwide, conducting business operations that respond to the globalization of the automotive industry.

Keihin's 14th Medium-Term Management Plan aims to "grow into a global mega-supplier by maximizing integrated synergies." The company plans to strengthen competitiveness in growth areas through the management integration of two-wheeled and four-wheeled powertrain businesses and the divestiture of its air conditioning business. Under the previous 13th Medium-Term Plan, while the company fell short of its operating profit margin targets, it achieved important foundational progress, including the development and mass production launch of new power control units and the acquisition of new customers.

In technology development, the company is pursuing differentiation strategies across both electric vehicle and gasoline engine product segments. In the electric vehicle sector, it is focusing on establishing itself as a leader in power control units and battery management systems through new technology development and business foundation building. For gasoline engine products, the company has already built world-class fuel injection systems with top-tier performance and the world's largest supply infrastructure. Going forward, it plans to expand added value through systems and modules.

In new market development, the company is actively pursuing the acquisition of new customers, including Toyota Motor Corporation. Under its initiative to "double new customers," it is diversifying its customer base while maintaining its existing relationship with Honda Motor. To respond to accelerating global electrification and the expansion of autonomous driving and connected technologies, the company is strengthening global business operations and building a competitive structure to compete with mega-suppliers.

The company prioritizes quality above all in its QCD (Quality, Cost, Delivery) operations, which are fundamental to manufacturing. It is implementing structural improvements across all areas—business, production, development, procurement, quality, and management—to enhance profitability and build a resilient business foundation. In parallel, the company is preparing for management integration and aims to create synergies through collaboration with new partners, contributing to the realization of a safe and comfortable society and the advancement of the mobility industry.