July 29, 2022
MOLDINO Tool Engineering, a Japanese cutting tool manufacturer, held its annual earnings report for trading companies online on June 27, 2022 (= photo). The company emphasized this time the change in the ratio of domestic and foreign orders. The total amount of orders received peaked at about 25 billion yen in FY 2018, but fell below 20 billion yen in FY 2020 due to the trade conflict between the U.S. and China and the pandemic of the COVID-19. However, it recovered in FY2021 and is expected to reach the same level as the previous peak in this FY2022.
Above that, the ratio of domestic and foreign demand was 7:3 in FY2015, but foreign demand reversed in FY2021, with the ratio of domestic to foreign demand at 4:6. “Our global niche strategy of targeting limited and small markets has worked well even overseas. We are keen to further increase our presence in the mold and die market,” commented Mr.Tsurumaki, president of MOLDINO Tool Engineering.
The automotive industry dominates the destinations for the molds manufactured by the company’s major customers. However, the company forecasts that the automotive industry will undergo rapid change. The company plans to utilize digital technology to facilitate sales, technological development, and support systems to speed up the resolution of customer issues.
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