Foster Electric Company, Limited (TSE:6794) will seek M&A. Hiromi Yoshizawa, Chief Executive Officer said during the financial results briefing for the fiscal year ended March 2021, "In addition, the risks of natural disasters caused by climate change and infectious diseases are increasing, and we are entering an era in which we cannot respond to risks simply by using strategies that emphasize efficiency. We need to build an effective and stable supply network with local production for local consumption in mind, and we are confident that this will lead to the trust of our customers. To that end, we will consider a close cooperation system with suppliers, as well as in-house production through M&A. We will continue to consider M&A strategies from time to time with the aim of in-house production of highly rare core parts and acquisition of technological fields that we do not have, which are necessary to become strategic partners".
Foster Electric Company, Limited is a Japan-based company principally engaged in the manufacture and sale of speakers, audio equipment and electronic equipment. The Company operates in three business segments. Speaker segment is involved in the manufacture and sale of audios, televisions as well as in-vehicle speakers and speaker systems. Mobile Audio segment is involved in the manufacture and sale of headphones, headsets, small speakers and professional microphones. Others segment is involved in the manufacture and sale of buzzer and sounder products for alarm sounds, FOSTEX brand products, as well as the provision of logistics services.
FOSTER ELECTRIC COMPANY, LIMITED 
