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, due to economic policies brought in by the government, saw improvements in the employment environment and corporate earnings and the continuation of a moderate recovery trend, but the future economic outlook remained uncertain, with the effects of East Asian geopolitical risk and overseas political instability causing concern.
Under such a corporate environment, the Company advanced active business expansion 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 first dual-fuel engine, which can switch between two types of fuel, liquid and natural gas in response to requirements, was introduced to the market in February 2018. In order to respond to the needs of society in the future, the development of low environmental impact, environmentally-conscious engines is actively being promoted. In addition, preparations towards the full operation of the new factory in Himeji in October 2018 are steadily advancing to support the increase in size and diversity of engines and as a model next generation factory to lead the way to a rich future, while at the same time taking the global environment into consideration.
Concerning “Growth through expansion of peripheral business domains,” the first order for maintenance support service using “CMAXS LC-A”, a next generation cloud-based engine condition monitoring system, was received in July 2017. Also, orders have been strong for a selective catalytic reduction (SCR*) device that conforms to NOx regulations effective from January 2016, with the first unit introduced to the market in October 2017. 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, continuously increasing its presence as an engine manufacturer with excellent environmentally-conscious technologies.
Concerning “Initiatives for future business development in preparation for 100th anniversary,” the Company is advancing initiatives to (1) establish a growth foundation by improving shareholder value, and (2) restructure the business portfolio. As a part of these measures, the Company is 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.
Although the shipbuilding and maritime industry, which is the principal market for the Company’s sales, is expected to continue to face a challenging environment, under the “Challenge with Passion” slogan, each and every employee of the Company will continue to boldly take up challenges with passion to achieve growth for the Company with a view to the next centenary. Moreover, in order to be a company trusted by all of our stakeholders, we are working to ensure that all the employees, not only at the Company but also throughout the Group companies, are thoroughly aware of corporate ethics and legal compliance so that they recognize the importance of compliance when carry out their daily duties 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.