Energy Infrastructure

Products

Power Cable, Electric Components for Transmission and Transforming, Industrial use power cable, Transmission and distribution components

Results of operations in FY2023 (Year ended March 31, 2024)

With respect to Energy Infrastructure business, industrial cables & power cable accessories division fared well due to the sales expansion of functional cables, such as light-weight and flexible aluminum CV cables that contribute to power-saving and increased efficiency at construction sites. Power cable division saw strong demand for extra-high voltage underground cables in Japan, and steady growth of submarine and underground cables for renewable energy. However, largely affected by the slowdown of the Chinese market, Energy Infrastructure business as a whole recorded an increase in net sales and a decline in profit.
We will continue to focus on the key areas where the market expansion is expected, including domestic extra-high voltage underground cables, as well as submarine and underground cables for renewable energy, and reinforce our cable production capacity and construction capacity. We will also promote order-taking activities with an emphasis on securing profits and optimize selling prices, while securing net sales through marketing activities toward further sales expansion of products for power transmission and distribution and functional cables such as aluminum cables.