Progress Technologies Group, Inc.
TTSE:339A805.00
JPY
-19.00
(-2.31%)
Progress Technologies Group, Inc.
TSE:339A
(Tokyo Stock Exchange)
Recent
price
805.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Progress Technologies Group Inc. (339A.T) is a Japan-based professional engineering firm that provides one-stop digital innovation services leveraging cutting-edge technologies to the design and R&D departments of major manufacturing companies, particularly in the automotive sector; its core offerings span three segments including the Solution segment with consulting to refine development processes, digital engineering for implementing advanced tools such as MATLAB/Simulink and CAE for structural/fluid analysis, and project-based product development services; the Digital Twin segment featuring virtual testing via state-of-the-art driving simulators, advanced model development, and simulation consulting; and the Engineering segment delivering support for mechanical, electrical, and software design tasks. The company operates primarily in Japan with offices in Tokyo, Nagoya, and Utsunomiya, targeting large manufacturers facing resource shortages and digital transformation needs; it was originally established through Progress Technologies Inc. in 2005 and reorganized as Progress Technologies Group Inc. in March 2023, with headquarters at DiverCity Tokyo Office Tower 15F, 1-1-20 Aomi, Koto-ku, Tokyo. Key subsidiaries include Progress Technologies Inc., focused on monozukuri project leadership and R&D, and S&VL Inc., specializing in experimental simulation for automotive clients. Recent developments encompass the March 2023 incorporation and integration of S&VL Inc. to handle simulation and virtual testing operations previously under Progress Technologies Inc.; a head office relocation within Koto-ku, Tokyo in the same month; and ongoing expansion of digital services through partnerships such as with Dassault Systèmes K.K. since 2014, including an SIA agreement in 2022.