(7952) Stock Price

Kawai Musical Instruments Manufacturing Co., Ltd. operates three main business segments: musical instrument education, materials processing, and other businesses. In the musical instrument education segment, the company manufactures and sells pianos, electronic instruments, and wind, string, and percussion instruments. It also operates music schools and physical education classes, while providing tuning and repair services for instruments.

The materials processing segment handles metal material processing for electronic and electrical components as well as automotive parts. Additionally, the company manufactures and sells soundproof rooms and acoustic materials, with production handled by subsidiaries including Kawai Precision Metals and Kawai Hyperwood.

The other businesses segment includes information technology and financial services. The information technology business involves sales and maintenance of IT equipment, as well as development and sales of computer software. The financial services business includes insurance agency operations. These operations are managed by subsidiaries such as Kawai Business Software and Kawai Assist.

Kawai Musical Instruments Manufacturing Co., Ltd. is advancing its growth strategy based on the "KAWAI Philosophy," newly established in 2025, which clarifies the company's corporate mission. This philosophy systematically expresses the company's values and purpose, outlining its daily mission and future vision. The company aims to be a partner that shares inspiration and smiles not only through musical instruments but across various fields.

The company prioritizes maximizing corporate value, with emphasis on operating profit margin and ROE. Under its eighth medium-term management plan, "KAWAI Ten-Year Strategy," the company pursues sustainable growth while strengthening cash flow. Specific targets include ROE of 5.5% in three years, 10.0% in six years, and 16.0% or higher in ten years.

Kawai Musical Instruments Manufacturing Co., Ltd. positions keyboard instrument business growth at the center of its strategy, aiming to become the world's leading keyboard instrument manufacturer. The company prioritizes enhancing product value-added features and expanding market share in mature markets, focusing on quality improvement and brand recognition for pianos and digital pianos. Strategic strengthening in European and North American markets is emphasized.

Improving capital efficiency and enhancing shareholder returns are integral to the company's growth strategy. The company maintains a balance between sustainable growth and shareholder returns, continuing a progressive dividend policy with a total payout ratio of 50% or higher. Through these measures, the company aims to continuously improve capital efficiency and enhance corporate value.