Orbray Sets Mid-term Management Plan – Aims for IPO in 2029, Brings Forward New Construction

Orbray Co., Ltd. (Tokyo; President and CEO Riyako Namiki; hereinafter referred to as Orbray) has drawn up a new medium-term management plan, which includes a schedule for conducting an initial public offering in 2029 and revised construction plans for its new headquarters and new factory.

The primary components of the company’s medium-term management plan are as follows: sales are expected to increase to 40 billion yen ($250 million) in 2029 and operating profits to rise to 5 billion yen in the same year; also in 2029, the company intends to conduct an IPO and list on the Tokyo Stock Exchange Prime Market; it has revamped its plans for building a new headquarters and factory; 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 and lay the groundwork for further success from 2030 onward.

Reflecting the anticipated business expansion, Orbray has reconsidered its plan of consolidating some functions of its current factories into a new plant and decided to maintain the second factory on the Yuzawa site as well as the Yokote factory. It will also start to build a new headquarters and a new factory earlier than initially scheduled. There is no change to the location of the new headquarters and the new factory. Orbray’s schedule is 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 aways centered around Akita and other domestic sites. Its profits and finances have improved over the last couple of years and 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, we also intend to strengthen the workforce, by creating manufacturing facilities that will be attractive not only to employees but also to the general public, making its employees proud to work there and enhancing recruitment, and by providing 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 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.

Orbray Co. Ltd. Headquarters: 3-8-22 Shinden, Adachi-ku, Tokyo, 123-8511 Founded: April 28, 1953 Capital: 100 million yen Revenue: 24.4 billion yen (Group, year ended Dec. 2023) Employees: 1,868 (Group, as of Jan. 2024) Assets: 16.9 billion yen (Group, as of Dec. 2023) Founded in 1939 as a maker of jewel parts for electric meters. Orbray integrates state-of-the-art technologies within its core competencies of cutting, grinding, and polishing industrial jewels, and anticipates market trends to create a wide range of innovative products, including precision jewel components, optical communications components, small DC motors, medical devices, and more.  https://orbray.com/en/

Medium-term Management Plan Overview

IPO Preparation Schedule

Construction of new headquarters and new factory partially brought forwarde

Review of New Headquarters and New Factory Construction Plan

Reference
Medium-term Management Plan: Review of IPO, New Headquarters, and New Factory Construction Plan

【Contact】 Orbray Co., Ltd.　Public relations Dept.　 TEL：03-3919-0101 https://orbray.com/magazine_en/contact