The new president of the Showa Cable Group hopes to capture infrastructure needs and strengthen revenues

Recently, the new president of Showa Cable Company, Civilization Nakajima, said in an interview that he will capture infrastructure-related needs and strengthen the revenue base
.

We hope that all employees will work together to complete the three-year medium-term management plan
for the next three years.
In order to increase trust in the majority of customers, one of the biggest themes is to complete the plan
.
Based on the base, meet the needs related to social infrastructure and build a revenue base
.
At the same time, we will promote business system reform and accelerate development
in the field of business growth.
At present, the business development situation is mixed, but it is necessary to ensure that the goals
of the first year are achieved.
In addition, in the field of production and marketing, we will smoothly promote the transfer
of skills on site.
It is also hoped that cooperation between the Group will be strengthened
.

Current awareness of environmental aspects

In terms of cable and wire business, the development situation of construction cables is relatively sluggish, and the inventory volume has decreased
somewhat after the fall in copper prices in the first half of the year.
It was hoped that the needs
would be met through cost reductions and operational restructuring.
Demand will start to come alive in the second half of next year, with construction sites understaffed and little rapid growth
.
However, in the long run, demand for the Tokyo Olympics and cable renovation is expected to increase
.
It can become the basic line
for the development of the company.
Steadily promote the development of
product production.
The communication system business of communication cables is connected to the demand for buildings, which has increased
than expected.
There is still room
for development in the future.
In the winding wire business, market demand related to home appliances is relatively sluggish, but it is supported
by automobiles and portable terminals.

In the power systems business, the first half of the year converted to a surplus

Last year, Exim, a joint venture for power cables, was the main business, and promoted business system reform
through the integration with Showa Wire and Cable Systems.
Among them, orders for cables, power equipment, engineering and other items were relatively stable and gradually recovered
.
In the future, we will update the demand, and propose to meet the demand
with highly workable power parts.

In addition, construction personnel are a major problem, and it is hoped that measures will be taken to meet the demand
.
In terms of overseas ultra-high voltage power cable projects, we should pay attention to the income and select orders
at our discretion.

——How is the overseas business?

In China, wiring harnesses for home appliances and industrial equipment can bring benefits
.
Although competition is fierce and human resources security is a major challenge, it is necessary to thoroughly improve efficiency
.
We will improve the winding wire business and hope to make the business more profitable
through excessive competition.
In the future, the company will revise prices to improve production efficiency
.
In addition, the joint venture with Fortis Group has made performance with the help of the other party's marketing capabilities, which has made Zhejiang copper rods and industrial cables profitable
.
In addition, the copper rod production in Tianjin will start in April next year
.
The joint venture between Showa Cable and TBEA, a major local transformer company, has made the power equipment business continue to be profitable
.
The printer roller business produced in Vietnam is very smooth
.
In addition to strengthening cooperation with customers, we will improve performance and stimulate the development of other bases to become better
.

-- In terms of the medium-term plan, we will strengthen measures in the area of business growth to improve the development of key projects
.

Establish a focus on business growth areas
such as healthcare, railways, and automobiles.
In the medical field, although the breadth is not very large, there are also product groups
that increase added value.
In the future, we will cooperate with electronic components such as connectors and use advanced medical equipment
on high-performance raw materials.
Now there are X-ray cables, antibacterial cables and other products
.
In the future, high-performance copper cables and cables will be used in
robots.

In the railway field, in addition to substation cables and power parts, earthquake-proof products can also be increased
in the inn area.
In addition, in the automotive area, it is hoped that winding wires
will be considered.
In the field of business growth, there were phased results in the first half of the year, and there was a good start
.
In the future, the company will invest in equipment to enhance its business
.
There are many high-performance products, and we are strengthening inspection engineering and specialization of production lines, and we are considering cleaning
.