The company reported in late November that the first half of the year Kito product sold well, supported by the steady economic environment of US and continuous trend of business expansion in China, the company said.

Kito said that it is planning “aggressive” market access to Europe, among other improvements. It has also changed its production system and reduced inventory.

Its net income for the six months to 30 September was Yen 1.07 billion ($9.3m), a reduction of 64.1% over the previous year, due, the company said, to reevaluation of tangible fixed assets.