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Message from the President

Piolax broadly contributes to industry and society as a pioneer in creating elasticity.

Originally founded as “Kato Hatsujo Seisakusyo” in 1933. Our business started with the production of precision metal springs for the automobile and telecommunication industries and has expanded to the development and manufacture of plastic fasteners. We outperform our competitors in that we can develop and manufacture springs made of both metal and plastic and have made the most of this strength to pioneer new business.

PIOLAXYukihiko Shimazu

Setting forth the corporate philosophy, “Pioneer in creating elasticity”, we are actively pursuing the potential of “elasticity” mainly in the automobile industry, as well as in the medical device business, consumer products and other fields.
We are determined to continue to broadly contribute to society and industry through creation of innovative products by studying “elasticity” as a science.

Efforts toward ESG Management

In today’s world, many problems, such as climate change, environmental pollution, and human rights, have become more serious, and companies are required to actively address these social issues. We have been promoting ESG management to realize a sustainable society. In FY2020, we formed the groundwork for activities toward our ESG management promotion. As an example of our efforts, we have established the "Piolax Group Basic Policy on Human Rights and Labor", which clearly states that we respect the human rights of all people involved in Piolax. Furthermore, through our efforts to promote diversity within the company, we were awarded the highest rank of "Eruboshi (L Star)", which is the excellent company certification system under the Act on the Promotion of Female Participation and Career Advancement in the Workplace. In order to accelerate ESG management, we announced our ESG vision toward FY2030 "Piolax ESG Vision 2030" as well as our efforts for FY2021 to realize this vision and KPIs (see ESG Activity Targets on page 13). By declaring these targets internally and externally, we are determined to achieve them with our stakeholders including employees.

Through the ESG activities, we are striving to achieve SDGs (Sustainable Development Goals). The corporate credo "Sincerity, Cooperation, and Contribution" reflects our management spirit of sincerely dedicating ourselves to everything and sparing no effort in providing cooperation to customers and society. I feel this spirit is highly compatible with SDGs that aim for a sustainable society. We are determined to promote our activities to contribute to realizing a sustainable society.

Medium-Term Management Plan

We announced the medium-term management plan for fiscal years 2021 to 2023. Based on our vision “Piolax broadly contributes to industry and society as a pioneer in creating elasticity”, we have developed five basic policies and five management strategies. The automobile industry, which is our major business field, is facing a once-in-a-century transformation, and the shift to EVs for decarbonization is accelerating. We believe that there is a risk that orders for existing products will decrease or cease due to the shift to EVs. Thus, our medium-term management plan includes measures to keep up with the shift, such as the development and sales expansion of new products for EVs and pursuit of new businesses. The promotion of ESG management also includes efforts toward carbon neutrality and measures to promote diversity. I believe that our continuous growth as a company will also contribute to the development of a sustainable society.

Medium-term Management Plan

We sincerely consider how we can contribute to society as a company, and all employees will continue to take on new challenges. We earnestly hope your continued support.