Japanese manufacturer Orbray Co., Ltd. has drawn up a new medium-term management plan, highlighting the construction of a new headquarters and new factory. Moreover, the plan includes the company’s conduct of an initial public offering in 2029.

Orbray integrates state-of-the-art technologies within its core competencies of cutting, grinding, and polishing industrial jewels. It anticipates market trends to create a wide range of innovative products. Among them includes precision jewel components, optical communications components, small DC motors, medical devices, and more. 

Medium-Term Management Plan

Primarily, the company targets sales to increase to 40 billion yen ($250 million) in 2029 and operating profits to rise to 5 billion yen in the same year. Also, the company intends to conduct an IPO and list on the Tokyo Stock Exchange Prime Market in 2029.

Moreover, the company has revamped its plans for building a new headquarters and factory. Thus, a management structure will be reinforced and employee benefits and working conditions will be improved.

By implementing these initiatives, Orbray aspires to grow into a leading manufacturer in the global market. Also, it will lay the groundwork for further success from 2030 onward.

Manufacturing Review

Reflecting the anticipated business expansion, Orbray has reconsidered consolidating some functions of its current factories into a new plant. Therefore, it has decided to maintain the second factory on the Yuzawa site as well as the Yokote factory. Also, it will start to build a new headquarters and a new factory earlier than initially scheduled. It aims to register the transfer of headquarters functions by the end of 2026.

Orbray’s engagement in the manufacture and sale of precision jewel components, optical communications components, diamond substrates, and other precision products has always centered around Akita and other domestic sites. Its profits and finances have improved over the last couple of years. Moreover, the group’s consolidated sales are projected to expand by around 15 billion yen from 2024 to 2029.

With the construction of the new headquarters and manufacturing facilities, Orbray will leverage its recent financial and operating performance improvements to further strengthen its domestic operations. The move will also address the issues of enhancing the group’s production capacity, coping with aging infrastructure, and expanding new business opportunities.

With the new headquarters and the new factory, the company intends to strengthen the workforce. To this end, it will create manufacturing facilities that will be attractive not only to employees but also to the general public, making its employees proud to work there. Also, it will enhance recruitment and provide employee dormitories and housing facilities.

Through these initiatives, along with Orbray’s ongoing promotion of active female participation in the organization, Orbray will seek to further contribute to the local community. Orbray will remain committed to the southern Akita area.

With the completion of the new headquarters and manufacturing facilities, Orbray will continue to focus on building trust and ensuring that its presence benefits the community and contributes to the revitalization of the entire region.

-29 July 2024-