YUTAKA GIKEN CO.,LTD. (7229) Stock Price

Yutaka Giken manufactures and sells automotive parts to its parent company Honda Motor Co., Ltd. and Honda group companies. The company is composed of one parent company and 12 subsidiaries, operating both domestically and internationally.

In Japan, Yutaka Giken and its subsidiary Shin Nippon Kogyo Co., Ltd. manufacture four-wheel and two-wheel automotive parts, primarily for sale to Honda Motor Co., Ltd. Additionally, certain manufacturing processes are outsourced to Sumirex Co., Ltd. and Shin Nippon Kogyo Co., Ltd.

In North America, Yutaka Giken's subsidiaries Carrington Yutaka Technologies, Inc. and Yutaka Technologies de Mexico, S.A. de C.V. manufacture four-wheel automotive parts and sell them to Honda group companies.

In Asia, Yutaka Giken's subsidiaries manufacture four-wheel and two-wheel automotive parts. The company maintains operations in the Philippines, Indonesia, Thailand, and India, supplying these products to Honda group companies.

In China, Yutaka Giken's subsidiaries Foshan Fengfu Auto Parts Co., Ltd. and Wuhan Jinfeng Auto Parts Co., Ltd. manufacture four-wheel automotive parts and sell them to Honda group companies.

In other regions, Yutaka Giken's Brazilian subsidiary manufactures four-wheel automotive parts and supplies them to Honda group companies. Through this global network, Yutaka Giken supports its parent company's supply chain worldwide.

Yutaka Giken has established a 2030 Vision: "Strengthen and expand our proprietary technologies to become a company that meets the expectations of a new era." Under this vision, the company is pursuing three strategic directions. First, it aims to expand Yutaka products globally and contribute to environmental protection. Second, it emphasizes creating new products that generate value for the electrification era, pooling expertise across regions, and leveraging the group's comprehensive capabilities.

In its 15th Medium-Term Business Plan (April 2023–March 2026), Yutaka Giken has established the management strategy: "Position exhaust/braking components and electric vehicle components as core business pillars while contributing to the environment and society." The company aims to establish the foundation for electrification and develop new value-added products to build new business pillars and maximize profitability of existing operations.

The company will create new business pillars to lead the electrification era and execute business transformation. Through the creation of new value-added products, it will drive cultural reform across all employees and establish a faster product commercialization process. Additionally, by pursuing profitability in core components and expanding sales channels, the company will build a business structure resilient to environmental changes.

Strengthening operational foundations with digitalization as the core strategy is also critical. The company will advance business process reforms using digital tools and streamline group-wide administrative operations through data management and appropriate training. Furthermore, it will promote sustainability activities through initiatives on SDGs and carbon neutrality, while accelerating diversity and inclusion to create a more inclusive workplace environment.