Key Strategies for FY 2005
Improve profitability
Continue profitability
improvement measures
improvement measures
- Adhere to capital expenditure schedules that are the foundation of corporate growth strategies
- Reflect rising steel prices onto our sales prices, as well as cost reduction efforts
- Implement price increases
- Secure stable steel supply
- Improve profitability of overseas businesses
Growth strategy
Capture new demand
- Industrial Machinery Bearings
Market is expected to grow, but at a slower pace - Automotive Products
Robust demand from Japanese car makers - Precision Machinery and Parts
Slowdown in production expected, but demand from the machine tool sector is expected to remain strong