Sankyo (Edogawa-ku, Tokyo, Japan) reported a 12% year-on-year increase in consolidated sales for its 62nd fiscal year to 23.89 billion yen. (Edogawa-ku, Tokyo, Japan) reported consolidated sales of 23,897 million yen, up 12% from the same period of the previous year. Global Strategy Promotion Office was newly established to consolidate domestic and overseas customer information and develop sales strategies for the entire company.
By segment, sales in Japan increased 3% YoY. Overseas, sales in China, Taiwan, and Hong Kong grew by 20% y-o-y, Southeast Asia and India by 45% y-o-y, and the Americas by 46% y-o-y.
Overseas bases saw a large increase in sales compared to last year as they steadily received new orders amid continued production cutbacks by automakers. In the current fiscal year, the company aims to capture more orders by revitalizing sales activities at all bases based on information on the launch of global car models.
The sales organization has been separated into two divisions, the Sales Department and the Administration Department, effective this fiscal year. In addition, the Global Strategy Promotion Office was newly established to renew the functions of the Sales Division.
The newly established Global Strategy Promotion Office will consolidate information that has been held and handled by each of the domestic and overseas bases in the fields of priority customers, and will be responsible for the promotion of company-wide strategies formulated from this information and disseminated throughout the organization.
President Hiroaki Yamamoto commented on the reorganization, "This is an effort to strengthen sales and marketing. By having the Global Strategy Promotion Office play a central role in promoting strategies, we are now able to establish a system that works in tandem with sales, purchasing, and quality assurance," he said.
Mr. Ryosuke Yamamoto, who assumed the position of vice president this term and is in charge of the Sales Division, said, "We will strengthen our sales force and improve the efficiency of product supply at the same time by separating the sales and management divisions. While retaining sales bases, we intend to outsource some logistics functions and consolidate logistics bases over the next three years.
SANAC (Gunma Prefecture), a production base responsible for plastic molding and assembly, will strengthen its production function for small precision parts, which are superior in terms of transportation efficiency, in addition to its existing strength in large-size molding.
The company sees the shift to EVs as an opportunity to expand its business field rather than a risk for the company, whose main products are electrical components and interior/exterior parts. On the other hand, the future entry of major companies from outside car manufacturers is a challenge for the company in terms of sales.
