We are strongly committed to thorough quality assurance and stable supply of products, which are fundamental business practices, so that we can take our quality assurance system and customer satisfaction to the next level.
As the pace of technical innovation in automotive industry increases, the global market has become more diverse. In this environment, over the medium to long term, we meet the needs of people for safety and reliability in diversifying automotive/mobility markets by providing leading products. To that end, we further endeavor to enhance our development system by interconnecting motor technology, which is our core competence, and controller and mechanism technologies.
In addition, we create new business markets, focusing on the needs for ecology-conscious and aging society by offering products and services that are the fruits of the joint efforts of Mitsuba Group.
As a step towards realizing this long-term vision, our company promoted the 3-year “10th Midterm Management Plan” from April 2014 through March 2017, where we advanced such key points in our core business of transportation equipment-related operations as “strengthening product development capability”, “building an optimum global production supply system” and “strengthening a system of quality assurance”. With the key issues of the 10th Midterm Management Plan in mind, we have established the 11th Midterm Management Plan in order to fulfill this long-term vision.
In accordance with the Plan, we are strongly committed to thorough quality assurance and stable supply of products, which are fundamental business practices, so that we can take our quality assurance system and customer satisfaction to the next level.
Furthermore, we proactively offer products with new values, foreseeing changes in customer needs and automotive technology advancement. Additionally, we will strive for improved profitability by enhancing our global network and product competitiveness.
Additionally, we have set a sales target of JPY 350 billion for the last fiscal year of the 11th Midterm, which ends in March 2020, aiming at building a sustainable and profitable business structure.
With the following three business policies, we will implement necessary measures.