Given accelerated innovations such as EV (Electrification), autonomous driving, and car sharing, the automotive industry has entered into global competition involving non-automotive industries such as IT and telecommunications. Amid this great change, which is said to occur only once a century, we have developed our business strategies in the 2019 Medium-Term Plan for the three years from 2019 through 2021 to realize our ten-year long-term vision as a manufacturer specialized in automobile door-related parts. Based on the operating foundation and earnings capability we enhanced in the 2016 Medium-Term Plan, we will focus on strategic large order acceptance, mainly for system products and the enhancement of cost competitiveness though the utilization of ICT, etc. in the 2019 Medium-Term Plan, aspiring to make further steps in and after 2022.
2019 Medium-Term Plan
(from FY2019 to FY2021)
Main Initiatives in the 2019 Medium-Term Plan
1. Strategic large order acceptance
- – Design quality enhancement through cooperative activities of Sales & Marketing and R&D
- – Product development that responds to mobility electrification and automation
- – Business expansion in Europe and launch of the Morocco base (planned in January 2020)
2. Enhancement of cost competitiveness
- – Enhancement of production improvement through ICT
- – Mass production quality improvement
- – Failure cost reduction