Steel Plate Related Business

Our steel plate related operations have been conducted mainly by our group company Toyo Kohan, adding value to steel with its proprietary technologies in rolling, surface treatment and lamination, which have been developed and refined since its foundation. This segment primarily manufactures and sells steel plate materials used for metal cans and other products that support various aspects of our daily living, including electrical and electronic components, automotive and industrial machinery parts, construction materials and consumer electronics.

Group companies of Steel plate related business

  • Toyo Kohan Co.,Ltd.

    Manufactures and sells tin plates, thin plates, and various surface-treated steel sheets and various functional materials

  • KOHAN SHOJI CO.,LTD.

    Sells steel sheets and their processed products

  • TOYO PAX CO.,LTD.

    Manufactures and sells packing materials and packing work

  • KYODO KAIUN CO.,LTD.

    Marine transport and harbor transport services, custom agent services

  • TOYO PARTNER CO.,LTD.

    Services related to employee welfare facilities and others

  • Tokan Trading Corporation

    Sells packaging materials, petrochemical products and food machinery, equipment & parts

  • TOYO KOHAN SHANGHAI CO.,LTD.

    Sells steel sheet related products, hard materials and automatic binders and provides related services

  • TOSYALI TOYO CELIK ANONIM SIRKETI*

    Production and sales of cold rolled steel sheet and surface treated steel sheet

* Affiliate accounted for under the equity method

Results

For the fiscal year ending March 2023, net sales rose 15.2% to 86,512 million yen and operating income surged 73.6% to 4,653 million yen year on year.

Growth strategies

Maximizing profits from battery components and materials (nickel-plated steel sheet) for high-growth EVs and hybrid vehicles

Competitive advantages

  • Highly specialized processing, rolling and surface treatment technologies developed over many years
  • Track record of developing and expanding proprietary technologies to various applications and sectors with creativity and ingenuity

Issues

  • Shifting to high-value-added products and monetizing large investments
  • Expanding the business domain and cultivating new fields
  • Growing productivity and efficiency at existing businesses
  • Measures for aging manufacturing equipment
  • Securing talent and have proper staffing levels

Measures of Mid-Term Management Plan 2025

1. Continuous growth in existing business domains

  • Promote the pass-through of surging raw materials and energy costs to selling prices
  • Ensure and improving profitability by shifting to high-value-added products primarily nickel-plated steel sheets

2. Exploring, commercializing, and monetizing new growth opportunities

Conduct R&D and market trials for next-generation battery compone

3. Enhancing management foundation to support growth

Improve productivity through IT (ERP, RPA, AI)

Strategy and key measures in FY2023

Complete new lines and capacity expansion work early in response to market growth, study additional investment