Ask IR Officers!
Here is a real-time report of the frequently asked questions during IR activities.
There is a press release titled "Armsel Writes 400-hoist Order for Bangladesh State-run Energy Firm." Tell us more about your operations in India.
Armsel, our Indian subsidiary, joined the Kito Group in 2010. Initially it offered cranes to customers related to infrastructure-building. But in 2017 the firm shifted away from crane production and sales to specialize in import sales of chain hoists and other Kito-brand products. It has expanded sales channels in and outside India to cater to a wide variety of industries, including energy, industrial infrastructure and manufacturing. Read more at https://kito.com/news_post_eng/post_id=3788
What are Kito's operations in China?
Two pillars support Kito's Chinese operations. The primary operation is local production and sales of wire-rope hoists in Jiangyin-brand for domestic use, accounting for about 85% of total sales in China. Kito launched its Chinese business in 1995, when the local joint venture was founded, and today our survey data show that they hold 25% of the Chinese market. The other is sales of Japanese imports, accounting for about 15% of sales.
Please summarize the business result for the FY 2018 1st Quarter ended June 30, 2018.
Booking has been stable from infrastructure, energy related industries and capital spending as a consequence of the robust demand seen globally. As a result, sales and profits are up across the group. Please refer to (https://kito.com/ir/irnews ) for more details. Currently we keep a high level of production in response to brisk demand since the previous fiscal year.
What are Kito's shares of major world markets?
We enjoy high market share around the world due to the reliable quality of our products, established over our 85-year history. We hold 60% of the market in Japan, 40% in the US and 25% in China, according to our own survey.
Tell us about the overseas bases.
Let me frame that with our four product groups. For our core products, namely manual and electric chain hoists and lever hoists, the Yamanashi Plant is in full charge, from parts production to assembly of final products. We have production bases abroad as well, making wire-rope hoists in China, crane systems in Thailand, South Korea and Finland, and chain slings and other accessories in the US, Italy and Australia.
To which industries do your users mainly belong? Which industries will drive Kito growth in the future?
Kito products provide solutions to the universal and never-ending human need to lift, transfer and hold heavy loads. They are used in a multitude of industries. Our user base is expanding from heavy industry related to infrastructure to entertainment and clean energy, which are recent additions. So Kito operations are not driven by any specific group of industries, and will continue growing by catering to a broad range of industrial needs.