Ibiden continues to develop new products for sustainable growth

-

Ibiden Co., Ltd. headquartered in Ogaki City, Gifu Prefecture manufactures IC packages, electronic products such as printed circuit boards and ceramic products.
In recent years, IC packages for Intel and printed wiring boards for smartphones are the main products.

It is also a major manufacturer of Diesel Particulate Filter, equipment for automobiles to remove black smoke form diesel engine exhaust.


Recently, the company faces tough situation because of changes of the main market.

Demand for electronic components for smartphones was sluggish and sales for exhaust gas purification filters also decreased due to shrinking ratio of diesel vehicles in Europe.

Its profit for consolidated base of the fiscal year ending March 2019 were  3.3 billion yen, down 72% from the previous term.

Sales were down 3 percent to 291.1 billion yen.

To cope with these circumstances the company is developing new products to build next business pillars that support long term growth.
Specifically it launched four new development centers in 2017 to develop new products, namely Automobile Functional Component Development Center, Next-Generation Mobility Product Development Center, Advanced Ceramic Material Development Center and Bio-Material Product Development Center.

In another recent move it signed a capital and business alliance agreement with Denso Corporation in April 2017 to push forward the joint research and development in the area of next-generation vehicle exhaust system and vehicle electrification.

Working hard to push forward these new developments, the company aims to contribute to the progress of society through innovative technology with respect for both individuals and the global environment.

Comments

Post a Comment

Popular posts from this blog

Food and Drinks: Kaiten-sushi serves fresh and high quality of seafood

-
Image
Conveyor belt sushi , also known as Kaiten-sushi is a semi-self-service type, inexpensive sushi restaurant where small plates bringing various types of sushi on them are continuously circulated on chain conveyors installed along the seats.  Fresh and well-made sushi can be enjoyed for relatively cheap prices there. Plates typically come with one or two sushi pieces each and customers pick up plates they like. Customers can also place orders through a touch screen at each table when sushi they like is not available on conveyor belts.  Those Sushi are usually served on plates with several colors showing their prices ranging from 100 yen to around 500 yen. Some restaurants set the same price for all plates. The lowest price for a plate is usually 100 yen. That is why Kaiten-sushi is often called "100 yen sushi" and very popular among Japanese. Customers are given their bills from a staff who counts plates when they finish eating. Kaiten-sushi has grown thanks to technologie...
Read more

Investing in Japan: Menicon, a leading Japanese contact lens manufacturer, aims overseas market expansion

-
Image
Menicon secured profit growth amid COVID-19 disruptions Menicon Co., Ltd. is a leading contact lens manufacturer in Japan founded in 1951, headquartered in Nagoya. It consistently develops, manufactures and sells contact lenses and related products in-house. To date, Menicon has developed various types of contact lenses such as hard lenses, soft lenses, disposables (disposable), lenses for astigmatism and bifocal lenses. It has the No. 1 market share for hard lenses and the No. 2 market for soft lenses in Japan.  As for the recent consolidated financial results, Menicon announced that net income for the fiscal year ended March 31, 2020 was 4 billion yen, up 14% from the previous year. While the sales and profits of most Japanese companies fell sharply due to the spread of new coronavirus infections, Menicon increased its sales by 4.5% from the previous year to 84.5 billion yen, a record high for the fifth consecutive year since listing of its stock. On the other hand, the earning...
Read more

Investing in Japan: Toyota shows its strength shrugging off pandemic damage and semiconductor shortage

-
Image
COVID-19 cases rise in Japan amid state of emergency, Tokyo Olympics and Paralympics to be downsized The Japanese government has decided to add three prefectures to its state of emergency as coronavirus cases continue to rise.   Prime Minister Yoshihide Suga said on May 14 that he decided to expand a COVID-19 state of emergency covering Tokyo and other areas to three more prefectures as infections continue to surge ahead of the Summer Olympics.  Starting on May 15, it will cover Hokkaido, Okayama and Hiroshima in an effort to curb infections and ease the strain on medical systems. The government will also designate three more prefectures as areas where intensive virus measures should be taken which is often called “Manbou”, acronym in Japanese for quasi-emergency to contain the virus.  Daily new cases have been on the rise nationwide in recent weeks reaching more than 6,000 for the fourth straight day as of May 14. The recent spike in new cases forces the organizers of ...
Read more