OKAMURA CORPORATION (7994) Stock Price

Okamura's primary business involves manufacturing and selling office environment equipment, commercial environment equipment, and logistics system equipment. The company also provides logistics, construction, and service operations related to these businesses. The Okamura Group consists of 33 subsidiaries, including Okamura headquarters, and 9 affiliated companies.

In the office environment business, Okamura manufactures and sells office furniture, public facility furniture, security products, and healthcare-related products. Major affiliated companies include Kansai Okamura, NS Okamura, Sanyo Okamura, and Fuji Seiko Honsha.

In the commercial environment business, Okamura manufactures and sells retail display shelving, refrigerated and frozen showcases, and store counters. Affiliated companies include Kansai Okamura and Sanyo Okamura. Sales, logistics, construction, and service operations are handled by Okamura and Okamura (China) Co., Ltd., among others.

In the logistics systems business, Okamura manufactures and sells storage shelving for factories and warehouses, as well as logistics automation equipment and systems. Okamura handles manufacturing, while sales, logistics, construction, and service operations are conducted by Okamura (China) Co., Ltd. and others.

As other business operations, Okamura operates a powertrain business that manufactures and sells fluid transmissions for industrial vehicles and construction machinery. Hangzhou Okamura Transmission Co., Ltd. handles manufacturing, while Okamura manages sales, logistics, construction, and service operations.

Okamura is developing its "Medium-Term Management Plan 2025" covering 2024 to 2026, aiming for sustainable growth. The plan prioritizes creating new demand and strengthening its management foundation to respond to change. In particular, it seeks to accelerate transformation into a "demand-creation company" by refining its proposal capabilities and product strength.

Okamura is accelerating the adoption of digital technology and promoting the development of DX talent. To strengthen its response to high-mix, low-volume production and expand overseas operations, the company is pursuing M&A and partnerships with local partners. Through these efforts, it aims to develop a local production for local consumption business model.

Additionally, Okamura is strengthening its efforts to address social challenges. It is steadily implementing long-term initiatives for the global environment toward achieving carbon neutrality by 2050, demonstrating its commitment to addressing social issues through its business.

Okamura has set aside a strategic investment budget of 50 billion yen for growth. The company plans to maintain and strengthen the advantages of existing businesses while allocating investments in a balanced manner to new markets and business development. For shareholder returns, it aims to raise the dividend payout ratio to 40% or higher, targeting stable returns.

Okamura's growth strategy is being implemented across its office environment, commercial environment, and logistics systems businesses. In the office environment business, it is developing products that respond to future work styles and creating new demand. In the commercial environment business, it is strengthening proposal capabilities while prioritizing labor savings and environmental considerations. In the logistics systems business, it is advancing product development using advanced technology to expand business scale.