Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
News
March 24, 2025
On February 21, OSG held its 112th Annual General Meeting of Shareholders at a hotel in Toyohashi City, Aichi Prefecture. The company reported record consolidated net sales for the fiscal year ending November 2024, reaching JPY 155,517 million, a 5.3% increase over the previous fiscal year. However, operating income declined 4.7% to JPY 18,868 million and net income fell 6.1% to JPY 13,439 million. While the weaker yen contributed to higher sales, rising labor and raw material costs impacted profitability.
For the fiscal year ending November 2025, OSG is targeting sales of JPY 160 billion and operating income of JPY 21 billion. Chairman and CEO Norio Ishikawa said, “The automotive industry, our core market, is undergoing a once-in-a-century transformation. In response, we are focusing on expanding our offerings to the medical sector, particularly the lens industry”.
To strengthen its offerings to the lens industry, OSG is leveraging its acquisitions and business integrations, including the Dutch company Contour Fine Tooling, acquired last year, and OSG Diamond Tool (formerly Nissin Diamond), which acquired the Micro Diamond business. These additions have expanded OSG’s line of monocrystalline diamond (MCD) tools for lens manufacturing. The company aims to establish these MCD tools as a new pillar of growth, alongside its high-precision micromachining tools.
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