Within the fiscal yr ended 31 March 2025, Proterial posted income of ¥768.6 billion (about $5.2 billion). At present, it has two vegetation in Japan and China, the place it primarily manufactures rare earth magnets.
Mint reported on 6 August that the Japanese firm plans to manufacture its flagship Neodymium Ferrite Boron (NdFeB) everlasting magnets within the nation beneath its NEOMAX model. Furthermore, it has additionally developed a heavy, rare-earth-free magnet that may energy two-wheelers, three-wheelers, and small four-wheeled autos.
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