Corporate Philosophy & Corporate Principles (Top Message)
Message of the Company President
Challenge with PassionBoldly take up challenges with passion
I would like to express my appreciation for your support.
During the consolidated fiscal year under review, the Japanese economy remained on a moderate recovery trend against a backdrop of the government economic policies that led to continued improvements in the corporate earnings and the employment environment, while there was an increase in capital investments and a rebound in consumer spending. However, the future economic outlook remained uncertain due to factors such as concerns over the trade frictions between the United States and China, and slowdown in the Chinese economy.
Under such a corporate environment, the Company has been working to develop growing markets and expand sales in line with the three key objectives of “Solidification and expansion of existing businesses,” “Growth through expansion of peripheral business domains,” and “Initiatives for future business development in preparation for 100th anniversary” within its Mid-term Management Plan (April 1, 2015 to March 31, 2020).
[Three main objectives of the Mid-term Management Plan]1. Solidification and expansion of existing businesses 2. Growth through expansion of peripheral business domains 3. Initiatives for future business development in preparation for 100th anniversary
Concerning “Solidification and expansion of existing businesses,” the Company began the construction of a new factory in Himeji City, Hyogo Prefecture for the first time in about 50 years in November 2017. The new factory started operation in August 2018 and shipped out its first unit in October 2018. Going forward, the Company will further strive to meet the needs of customers under a two-base system comprising the Himeji Factory with both cutting-edge manufacturing technology and equipment and the Moriyama Factory with outstanding expertise. In addition, while order receipt environment is under extremely tight conditions due to intensifying competition among companies, the Company will strive to achieve sustainable growth and enhancement of profitability with its worldwide sales network and after-sales service system and the entire group companies acting as one.
Concerning “Growth through expansion of peripheral business domains,” the receipt of orders remains steady for the maintenance support service using “CMAXS LC-A,” a next generation cloud-based engine condition monitoring system. In terms of the selective catalytic reduction (SCR*) device that conforms to NOx Tier III regulations effective from January 2016, orders for more than 160 units mainly for foreign vessels have been received as a result of efforts to acquire new orders. Moreover, in February 2019 the first unit of the “Aqueous Urea Solution Generator” capable of easily generating urea solution that serves as a reducing agent for SCR was shipped out. The Company will provide its customers with the best solutions which are environmentally friendly and realize the improvement of customer’s convenience and safety as well as the reduction of total lifecycle cost, aiming to become the industry’s leading company as an engine manufacturer with excellent environmentally-conscious technologies.
Concerning “Initiatives for future business development in preparation for 100th anniversary,” an executive officer system was introduced in June 2018 to enhance management decision-making and speed up execution of business operations. Meanwhile, the Company is also working to strengthen corporate governance and enrich dialogue with stakeholders. In the future, the Company will conduct management with the goal of continuous growth, while aiming for still more improvement in corporate value.
Under the slogan “Challenge with Passion,” we will continue to boldly challenge each and every one of our employees with enthusiasm, and strive to continuously improve corporate value. In addition, we aim to be a company trusted by our stakeholders, and recognize the importance of compliance not only for our company but also for all group company employees, and strive to ensure thorough corporate ethics and legal compliance awareness so that we conduct daily operations and activities.
I would like to request your further understanding and support of the Company.
*SCR: Device that detoxifies NOx in exhaust gas by using a catalyst
President Shigeki Kinoshita
Corporate Philosophy & Corporate Principles
We shall strive unstintingly for the betterment
of society and symbiosis with our neighbours,
drawing on the bold spirit of creativity
and yearning for technological achievement
we nurture within ourselves.
To provide new products and services by
anticipating market needs and pursuing
a true form of Customer Satisfaction.
To develop new areas of business which
are gentle on the global environment and
viewed from a widening global perspective.
To build an energetic and positive-minded
corporate environment, on a strong but
flexible management structure which enable
us to swiftly respond to changes in the
business world and secure necessary profits.