ICHIKAWA CO., LTD. (3513) Stock Price

Ichikawa operates two main business segments: paper machine clothing-related business and industrial business. Through these segments, the company conducts a full range of business activities from manufacturing to sales.

In the paper machine clothing-related business, Ichikawa handles paper machine felts, paper machine belts, and slate felts. These products are essential components used in the paper manufacturing process. Ichikawa handles manufacturing, with some processes outsourced to its subsidiary IK Processing.

In the industrial business, Ichikawa provides industrial felts and related purchased materials. These products have diverse applications across various industries. Ichikawa manages both the manufacturing and sales of these products.

Ichikawa's products are sold in various regions both domestically and internationally. Subsidiaries such as Ichikawa North America Corporation and Ichikawa Europe GmbH handle sales in each region. This establishes the company's presence in global markets.

Additionally, through IK Service, Ichikawa provides product handling, storage, and other outsourced services. This enables efficient distribution and management of products while improving customer service.

Ichikawa has established a long-term vision called "IK VISION2030" aimed at contributing to a sustainable society by 2030. To realize this vision, the company has formulated three medium-term management plans and is pursuing phased growth. In particular, "NE-27," which begins in fiscal year 2025, focuses on challenging new business areas while aiming to improve profitability and drive growth in global markets.

Under "NE-24," the company strengthened product competitiveness by reducing manufacturing costs and implementing digital transformation (DX) strategies. This resulted in performance exceeding targets; however, challenges emerged including rising energy prices and declining domestic market demand. Building on these experiences, the next plan aims for further growth.

"NE-27" prioritizes balancing quality and cost to enhance competitiveness both domestically and internationally, with emphasis on earning customer trust. The company also plans to boost overall corporate vitality by promoting employee development and encouraging swift action. Under this plan, the company targets consolidated net sales of 14.2 billion yen or more and an operating profit margin of 8.2% or higher.

Ichikawa is highly regarded domestically and internationally for manufacturing paper machine clothing and has particular strength in supplying products for the press section process. Going forward, the company will strengthen research and development capabilities and pursue sustainable growth by reducing environmental impact through SDGs initiatives.