SEED CO.,LTD. (7743) Stock Price

Seed's primary business is the research, development, and sales of contact lenses. Specifically, the company handles rigid lenses, soft lenses, disposable lenses, and orthokeratology lenses. These products are provided through subsidiaries including Seed Eye Service and SEED CONTACT LENS TAIWAN CO., LTD. (Taiwan).

Seed also sells contact lens care products, including solutions for storage, cleaning, enzymatic cleaning, chemical disinfection, and storage cases. These products are supplied to the market through subsidiaries such as Seed Eye Service and SEED CONTACT LENS VIET NAM CO., LTD. (Vietnam).

Additionally, Seed handles other products including eyeglass frames, eyeglass accessories, and intraocular lenses. These products are provided through related companies such as Seed Eye Service and Yokohama Myopia Prevention Research Institute Inc. Through this diverse product portfolio, Seed meets a wide range of vision correction needs.

Seed is pursuing aggressive production capacity expansion to drive growth in the contact lens market. The company is particularly focused on significantly increasing production capacity at its Konosu Research Institute. Construction of a new production facility is scheduled to begin in November 2024, with production commencing in 2026. This expansion is planned to increase maximum monthly production capacity to 89 million lenses.

Seed is implementing a product strategy targeting market expansion both domestically and internationally. The company is prioritizing sales of specialty lenses for astigmatism and multifocal applications while working to eliminate delivery delays. Additionally, Seed is developing new silicone hydrogel lens products and expanding its offerings in the color and circle lens categories.

In overseas markets, Seed is strengthening sales promotion activities to capitalize on favorable exchange rates, aiming to increase exports and sales from overseas subsidiaries. Particularly in China and Asian markets, the company is leveraging external sourcing of care products and color contact lenses to expand its product lineup. Furthermore, Seed is consolidating its operations in Vietnam and Malaysia as subsidiary companies, expecting these to contribute to overall business performance.

Seed is prioritizing environmental responsibility and aims to achieve carbon neutrality by 2050. With 2030 set as an interim target, the company plans to reduce CO2 emissions at the Konosu Research Institute by 50% compared to fiscal year 2022 levels. Through these efforts, Seed seeks to realize sustainable growth and fulfill its social responsibilities.