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HOME > Business Report > Electronics Division
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The electronics division has been making consistent efforts to increase sales and to provide client companies with plans for new products.
In the information-processing equipment market, capital investment by our client companies remains slow and the market is growing at a sluggish pace. However, the aggressive launch of sales of new product models, among other activities, has resulted in increased sales over the previous year.
Meanwhile, despite proactive proposals made by our company to our clients, and activities to acquire new clients, sales in the injection mold and parts markets have decreased from the previous year due to the shrinking demand for precision parts for digital products. In addition to this, we have been facing a significant decline in demand in the IC assembly market, and are unable to foresee future recovery. For this reason, we have decided to withdraw from our activities in this field.
In profits and losses, although we aggressively implemented measures to streamline our business, including the expansion of overseas production, profits decreased from the previous year due to a decline in sales, intensifying competition, and other adverse impacts.
As a result, Electronics Division sales in this consolidated fiscal year totaled 14.158 billion yen, a 4.3% decrease over the previous year (14.797 billion yen). Operating profits were 0.446 billion yen, a 60.2% decrease from the previous year (1.123 billion yen).
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We will provide high added value services based upon a corporate philosophy that puts our clients' needs first.
By utilizing precision technology amassed in the manufacturing of clocks, our Electronics Division useful products, in order to improve the daily life for our customers.
While looking at electronics devices and systems from a new direction, our company aims to develop a unified system from parts to a system, and will continue to provide the best possible service as a "Development Support Company" by committing ourselves to creating products optimized to customers' demands, regardless of product or category.
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We quickly respond to customer needs due to our advanced technology and quality management in a wide variety of fields, from injection-mold design to supply and assembly of parts and the development of factory automation equipment.
The Injection Mold and Parts Division is operated by our core company, TOHOKU RHYTHM CO., LTD., in cooperation with RHYTHM PRECISION (H.K.) LTD. and RHYTHM PRECISION VIETNAM CO., LTD.
Since its foundation as a clock parts manufacturer in 1977, TOHOKU RHYTHM CO., LTD. has responded quickly to customer needs by providing the design and manufacturing of injection precision molds, the design of injection precision parts, product unification, product quality management, and a consistent operation system from supply through assembly of parts, by utilizing the precision instrument technology required for manufacturing clocks as its driving force.
Our group established its overseas subsidiary, RHYTHM PRECISION VIETNAM CO., LTD., at Noi Bai Industrial Zone in Hanoi, Vietnam in August 26th, 2005. By creating a global network including one domestic and two overseas bases, we will expand our business even further into the fields of optics, automobiles, office equipment, and medical equipment, as well as our four areas of expertise-plastic parts, metallic parts, the development of factory automation, and assembly, and put all of our energy into corporate activities that meet the diverse needs of our customers while maintaining our advanced technology and quality management systems.
We will continue our proactive approach to preserving the global environment as one of the most important tasks for our business, while striving to conduct our related activities positively.
We continue to be a company that pursues high technological achievements under our philosophy of "nourishing human resources and innovating new technologies."
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