
Portfolio

M&A
Nagano Industry Co., Ltd.
Company website
Category
Manufacture and sale of aerial work platforms
Initial investment
2018Investment Professional
Value-up Support
Strategy
Strengthened management system looking towards overseas expansion
- Appointed former executive from one of largest construction equipment manufacturer as new president
- JAFCO's managing director (executive in charge of administration) also participated
Sales & Marketing
Strengthened domestic sales and transitioned business model to expand overseas
- Significantly increased domestic sales staff and promoted diversification of distribution channels incl. purchasing used equipment
- Established European sales subsidiary, developed overseas distributors, and actively participated in international trade shows
BizDev
Enhanced product development capabilities and lineup
- Established product development system to explore high-value-adding and new segments
- Strengthened coordination between manufacturing and sales to shorten product development lead time
Finance/Accounting
Strengthened financial/accounting management system
- Implemented cost-of-production accounting and strengthened budget vs. actuals management system
- Visualized inventory management and revised material ordering rules
Operation/IT
Established supply chain to support high operation and sales
- Improved productivity by eliminating bottleneck processes (strengthening procurement from China)
- Strengthened production capacity by expanding factory layout and extending assembly processes
PR/HR
Actively increased PR awareness
- Revamped company website and strengthened participation in domestic trade shows
- Promoted recruitment of top talent through U-turn and I-turn hiring
Outcome
- Overcame market chaos during the pandemic and changes in the environment with rise in material costs to achieve record sales (2018ー2023: CAGR+9.0%)
- Successfully expanded not only into the EU but also into East Asian markets such as South Korea, Taiwan, and Singapore