Automotive Products & Batteries

Automotive Products (Wire Harness, Steering Roll Connector, Lead battery state detection sensor, Perimeter monitoring radars, etc.), Automotive Batteries, Batteries for Industrial Use

In the Automotive Products business, affected by the US trade policy and exchange rates as well as a rise in personnel expenses, we have optimized selling prices. Also, on the background of steady demand for wire harnesses for the Japanese market, we have continuously implemented measures for enhancing the production which can respond to geopolitical risks and changes in the business environment, including securing redundancy of production sites and their optimization, as well as sharing/ automating production lines. Furthermore, we have also developed and expanded sales of products such as wire harnesses, which can carry high voltage, for the electric vehicles market; worked on the sales expansion of aluminum wire harnesses which is suitable for weight reduction; and worked on improving the productivity for manufacturing these products. As a result of such initiatives, while revenue declined due to the impact of removing a subsidiary in the battery business from the scope of consolidation, profit increased.