Building New HQ; Upgrading Mid-Term Plan
Orbray Co., Ltd. (Headquarters: Adachi-ku, Tokyo; President and CEO: Riyako Namiki; hereinafter “Orbray”) is pleased to announce the start of construction of its new headquarters and community collaboration center in Narusawa, Yuzawa City, Akita Prefecture. This follows the official approval of the land transfer for the planned site at the third regular session of the Yuzawa City Council in 2025. Orbray extends its sincere gratitude to Yuzawa City, the Akita Prefectural Government, and all local partners for their generous support in making this possible.
Orbray’s new headquarters and community collaboration center will form the foundation for the company’s next stage of growth and also allow us to deepen our ties with the local community. The site will act as a center for regional revitalization and new employment opportunities. Consistent with the current plan, Orbray will complete the registration of its headquarters relocation to Yuzawa City, Akita Prefecture, by the end of 2026.
Orbray’s business performance has been well above the levels reported in the July 2024 press release. In light of these results, the company has decided to review its mid-term management plan, including an upward revision of performance targets.
The updated plan will outline a comprehensive set of initiatives aimed at achieving annual consolidated net sales of over 45 billion yen. Key measures include accelerating global expansion, strengthening the corporate structure in line with Orbray’s growth into a larger organization, reinforcing its financial base, advancing next-generation technologies, enhancing headquarters functions, improving employee compensation, expanding recruitment, promoting leadership from within, and developing stronger personnel support systems. Through these efforts, Orbray aims to establish a sustainable and resilient operating foundation.
With the company’s rapid growth, further strengthening of its production framework and additional capital investments are required. As a result, the new mid-term management plan will also include revisions to the original factory construction schedule. The completion timeline, which was previously planned for 2028, is now under review for a later date.
With these changes in play, the timing for Orbray’s initial public offering (IPO) remains unchanged, with 2029 as the primary target date. However, the company is also considering an earlier launch in September 2028 and is accelerating its preparation toward that possibility.
Through these initiatives, Orbray is confident that its growth will continue to gain strength. Looking ahead, the company aims to evolve into one of Japan’s leading global enterprises, recognized for both its technological excellence and its expanding business scale.
In addition, the new headquarters and factory will actively promote community-engaged manufacturing, create a comfortable and inclusive work environment, provide new employee housing, and support greater participation and advancement of women in the workforce. Through these efforts, Orbray aims to strengthen its ties with the local community.
Working hand in hand with Yuzawa City and the surrounding region, Orbray is committed to ensuring that its new headquarters and factory become trusted as integral parts of the community. The company will continue to work to contribute to the sustainable development of southern Akita and remain a valued presence within the local society.
| Company Overview Headquarters: 3-8-22 Shinden, Adachi-ku, Tokyo, 123-8511 Founded: April 28, 1953 Founding Capital: 100 million JPY Revenue: 27.7 billion JPY (as of Dec. 2024) Employees: 2,200 (as of Jan. 2024) Assets: 16.9 billion JPY (as of Dec. 2024) 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, diamond, and more. |
