TOKYO – Zuken has set a three-year growth target of 6.1% annually, reaching 32 billion yen ($302.6 million) by fiscal 2022. The company forecasts an operating profit target of 3.7 billion yen ($35 million) by the same time, a 650 million yen ($6.2 million) increase over its fiscal year ended in March.

Total net sales for the fiscal year were $253 million, up 13.6% year-over-year. For fiscal 2020, Zuken expects net sales of $262.8 million and operating profit of $27.4 million.

At the core of the increase is the EDA company’s entry into model-based systems engineering (MSBE), starting with its acquisition of Vitech in January. Zuken is emphasizing the bridge between conceptualization and realization, including data management, tradeoff studies across domains, and revision management and traceability. Zuken seeks to broaden its support for analysis, modeling, and so-called digital twins.

Its strategy involves migrating customers, especially in the US, to its CR-8000 PCB CAD platform. It also wants to increase sales of data management products, with an emphasis on incorporating data management capabilities into its wire harness design tools; and defining and expanding its new MSBE solutions.

By 2022, Zuken hopes to generate 2 billion yen from its systems engineering offerings, including software, consulting and education. Design automation, not including wire harness, made up 17.5 billion yen ($165.5 million) in fiscal 2019 and is forecast to reach 20.2 billion yen ($191 million) in fiscal 2022.

1 JPY = US$0.00945

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