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OSG reached a new sales record

April 6, 2018

On February 17, 2018, OSG held its 105th annual shareholders’ meeting at the Global Technology Center in Toyokawa City, Aichi Prefecture.  Approximately 150 shareholders participated.

Aiming to be an open general meeting, it was also opened to the press as usual.  Annual sales in the fiscal year ended November 2017 was 120,198 million yen increased by 13.9% from the previous fiscal year, the highest ever recorded.

Operating income increased by 4.9% to 19,137 million yen, and net income increased by 38.1% to 13,993 million yen.

Domestic automobile-related industries remained steady, as well as the economic recovery in China and aircraft related industries in North America.

In the fiscal year ending November 2018, the Company plans to expand its “A Brand” flagship product lineup and strengthen its overseas production and sales organization to achieve sales of 130 billion yen and operating income of 22 billion yen.

In addition, in order to clarify the supervisory function of the directors and the business execution system of the executive officers, a new personnel system was established. Total of 7 members of the board consinsts of the president Norio Ishikawa and 6 of outside directors.

As a result, “the company has become more shareholder-oriented than ever before,” president Ishikawa said (photo).

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