The Company changed the company name, from "Nittan Valve Co., Ltd." into "NITTAN Corporation" in April, 2022. By aiming for "the development of manufacturing method unconstrained by existing paradigms", "the introduction of equipment which is competitive even after a decade ", and "the establishment of production technology used in the safe, secure, stable and clean process", and focusing on human resource development to foster the personnel who support the technologies, we will draw a path toward the achievement of goals in 2030 which are "consolidated sales of JPY 100 billon and over, consolidated operating income of JPY 10 billion and over, and consolidated ROS of 10% and over".

NITTAN group formulated the medium- to long-term management plan, "NITTAN Challenge 10", and published the milestone for development and mass production up to 2025 regarding an item group for "VISION I" aiming for evolution of existing businesses, as well as "VISION II" promoting the development toward xEV, at the time of announcement of financial results for the second quarter.
The development of items for "VISION I" are smoothly promoted. The development of hydraulic lifter for ship is generally advanced, and the development of hollow valve for ship has entered the stage to promote exploiting of market, as an item not only to be made lighter in weight by lowing temperature, but also to become an effective solution for hydrogen-fueled engine for ship, or ammonia-fueled engine.
In addition, regarding the items for "VISION II", the NMT (NITTAN Manufacturing Technologies) project was started, in order to support the development of new items.
Currently, we are challenging ourselves to the product development including the golf putter project, as "VISION X" (pleasant development). We launched a dojo, a training hall, together with partner companies, in which the employees learn skills necessary for manufacturing of these intricately shaped products, such as turnery, polishing, grinding, as well as technologies for machining center, combined lathe, and teaching method to operate the robot arm. We let mainly young employees acquire skills of cutting-edge method and technology there, to promote the in-company accumulation of know-how.

The Japanese government declared in 2021 that the achievement of carbon neutrality in 2050, and the reduction of greenhouse gases by 46% compared to 2013 were to be aimed for. NITTAN group adopts directly this Japanese government's target value, to set the goal. In addition, by using J-credit for carbon offset for 4% uplift, NITTAN group shall aim for achievement of reduction of 50% for 2030.
We have already promoted converting lighting into LED and installation of solar panel in Japan. In addition, active introduction of solar power generation are promoted in an overseas subsidiary in Thailand which has an environmental advantage. By starting from what can be done step by step, we shall achieve the goal for 2030.