GMB CORPORATION (7214) Stock Price

GMB Corporation is primarily engaged in the manufacturing and sales of automotive parts. The GMB Group consists of GMB Corporation as its core company, along with 14 consolidated subsidiaries and 1 affiliated company. These companies primarily manufacture replacement parts and original equipment parts for automobiles and supply them to markets worldwide.

GMB's products are divided into two main categories. One is replacement parts, which GMB Corporation primarily supplies. The other is original equipment parts, which GMB KOREA CORP. mainly supplies to automobile manufacturers and their affiliated parts makers. This approach enables the company to implement product sales strategies tailored to different demand structures.

GMB's principal products include drive and transmission components such as universal joints, steering joints, and constant velocity joints. The company also handles cooling system parts including water pumps, electric water pumps, and fan clutches. Additionally, GMB offers a wide range of bearing products.

GMB Corporation, based in Japan, manufactures and sells water pumps and universal joints, supplying products to overseas replacement parts markets. As the core company of the group, it also conducts advanced research and product development.

GMB's subsidiaries play different roles in their respective regions. For example, GMB NORTH AMERICA INC. sells replacement parts for the North American market, while GMB USA INC. manufactures electric water pumps for U.S. automobile manufacturers. GMB KOREA CORP. in South Korea manufactures and sells bearings and cooling system parts, supplying them to domestic automobile manufacturers. In China, Qingdao Jiming Mei Machinery Manufacturing Co., Ltd. and Qingdao Jiming Mei Automotive Parts Co., Ltd. manufacture bearings and water pumps, with some products sold domestically. THAI GMB INDUSTRY CO., LTD. in Thailand manufactures water pumps and suspension parts, also selling them domestically. In Europe, GMB RUS AUTOMOTIVE LLC and GMB ROMANIA AUTO INDUSTRY S.R.L. manufacture water pumps for European automobile manufacturers. GMB OCEANIA PTY. LTD. in Australia sells replacement parts. GMB AUTOMOTIVE INDIA CHENNAI PVT LTD in India manufactures cooling system parts for Indian automobile manufacturers.

GMB Corporation aims for growth in the global market through the manufacturing and sales of automotive parts. The company supplies both new vehicle and aftermarket parts, primarily universal joints and water pumps, and is expanding business relationships with automotive manufacturers in Korea, Japan, and Europe and North America. GMB's corporate philosophy is to contribute to international society through technological innovation and new product development.

GMB has established a medium-term management plan targeting consolidated net sales of 130 billion yen, consolidated operating profit of 5 billion yen, and ROE of 7.0% or higher by the fiscal year ending March 2027. The plan identifies four key strategic priorities: electrification readiness, alignment with customer global strategies, expansion of aftermarket parts sales, and adaptation to OEM outsourcing. Through these initiatives, the company aims for further growth in the global new vehicle and aftermarket parts markets.

For electrification readiness, GMB is advancing product development and production capacity strengthening for electric water pumps and integrated thermal management modules. To support customer global strategies, the company plans to begin local production at its Romania facility and establish new factories in the United States and India. For aftermarket parts expansion, GMB will broaden its product lineup for large vehicles and construction equipment, leveraging brand strength to drive sales growth.

Additionally, GMB prioritizes strengthening product development capabilities to address industry technological innovation, enhancing supply chain management, continuously improving quality and productivity, and securing and developing talent. Through these efforts, the company aims to respond flexibly to changing business conditions and achieve sustainable growth.