YACHIYO INDUSTRY CO., LTD. (E02224) Stock Price

Ayco (Ayco Corporation) is an automotive parts manufacturer with Honda Motor Co., Ltd. as its parent company. The company manufactures and sells various automotive components to Honda Motor Co., Ltd., its group companies, and other domestic and international automakers and automotive parts suppliers. The Ayco Group consists of 21 companies including its headquarters and has established a global production and supply system.

The company's primary customers are its parent company Honda Motor Co., Ltd. and its group companies. Through its close relationship with the Honda Group, Ayco has secured a stable revenue base and continues its business operations by supplying parts in line with Honda's vehicle production. Additionally, the company conducts transactions with automakers and parts suppliers outside the Honda Group to diversify its business.

The company operates across four regional segments. In Japan, manufacturing is handled by Ayco itself, Koshi Giken, and Uemura Tech. In the Americas, five companies operate in the United States, Brazil, and Mexico. In China, two companies conduct operations, and in Asia, seven companies in Thailand, Vietnam, India, Indonesia, and the Philippines engage in local production and supply automotive components to regional automakers.

Yodogawa Industries has established "Vision 2030" as its growth strategy toward 2030, with the goal of becoming "a key company in mobility through continuous evolution in manufacturing." The company has positioned the three-year period from 2023 to 2025 as a phase for "laying the groundwork for transformation and strengthening business fundamentals" to address the major environmental shift toward vehicle electrification. As a key management metric, the company emphasizes consolidated operating profit margin and aims for steady growth in global markets while securing appropriate profitability.

In technology innovation and competitiveness enhancement, the company is advancing a differentiation strategy in its resin products business. It is focusing on developing modular products such as back doors and building new manufacturing technologies including resin molding and painting processes. In the hydrogen sector, which is expected as a future energy source, the company plans to expand its lineup of diverse storage containers and is steadily preparing for the realization of a hydrogen society. For electric vehicle products, the company aims to expand orders through proposals of new and high-value-added products.

In new market development, the company is actively expanding sales channels beyond the Honda Group. It is proposing products that meet the quality and requirements demanded by new customers, thereby diversifying its business base. On the production side, the company plans to further develop the efficient production system built in the previous medium-term period, and to deploy digitalization across all facilities in production management areas with an eye toward future automation, in addition to reviewing specifications and processes on the production floor. The company is also advancing the development of new suppliers through strengthened procurement functions to realize highly competitive products.

To achieve sustainable management, the company is promoting carbon neutrality by 2050 at a global level and executing specific measures and roadmaps. For quality assurance, the company is improving the precision of change point management through IoT-enabled system development and is establishing a framework to respond in a timely manner to increasingly diverse customer needs. In human resource development, the company is enhancing training systems that enable knowledge acquisition across business domains and is working to develop flexible talent capable of thriving in global environments.