Vision

OSG is the world's largest manufacturer of round cutting tools, with a vast product offering including its world-renowned taps, end mills, drills and rolling dies. Cutting tools are the backbones of the manufacturing industry, supporting the production of a variety of industrial products that are essential to the well being of society.

"Shaping your dreams" is OSG's corporate slogan and commitment to transforming each and every one of our customers' ideas into reality. With this mission in mind, it is our promise to deliver products and services with complete customer satisfaction and to continue to contribute to the advancement of the manufacturing industry.

FY2024 Financial Summary & Future Growth Strategy

The fiscal year ending November 2024 was a year in which "quality," the very foundation of the manufacturing industry, was called into question, as evidenced by the problems of certification fraud in the Japanese automobile industry and reports of fraudulent quality inspections of mainstay aircraft at U.S.-based Boeing Co. In this business environment of our group, while the automobile industry in Japan, Europe and South Asia was affected by the stagnation of the market, demand from the aircraft industry in the Americas and Europe was on a recovery trend, and the market in Greater China showed signs of bottoming out. As a result, net sales reached a record high of 155.5 billion yen (increase by 5.3 versus the previous year), operating profit was 18.8 billion yen due to increased costs caused by inflation( decreased 4.7 percent versus previous year), ordinary income was 19.8 billion yen (decreased 7.1persent versus previous year), and net income attributable to shareholders of the parent company was 13.4 billion yen (decreased 6.1persent versus previous year) . The ratio of overseas net sales was 68.0 percent (versus 67.0percent in the previous year).

We announced, "Beyond the Limit 2027," which is Stage 2 of our 3-year medium-term management plan from FY2025 to FY2027. We will continue our efforts since the previous three years to improve profitability and business efficiency, and to achieve a 40% global share of the tap market. Among these efforts, we will further focus on developing a growing industry for micro precision machining. In July 2024, Contour Fine Tooling BV, a company with strong sales channels in the lens industry, joined the Group through M&A. We will further expand sales in the micro precision machining field by combining OSG's carbide products with sales channels that our company has not had before, such as eyeglass lenses, contact lenses, intraocular lenses, and optical lenses.

We will also work to improve profitability and capital efficiency, aiming to achieve balanced investment in growth and return to shareholders.

The OSG Group will work together to establish a brand is trusted by all stakeholders and to continuously improve corporate value. We sincerely appreciate the continued support of our shareholders and stakeholders.

February 2025