Mitsui Matsushima Holdings

Basic Information

Stock Code
1518
Industry
Mining
Category Detail
Daily Necessities & Household Products
Prefecture
Fukuoka Prefecture
Establishment Year
January 1913
Listing Year
October 1961
Official Website
https://www.mitsui-matsushima.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Shin Nihon Setsubi, Kureha, Kissei Pharmaceutical, Aichi Steel, Netsuren, OSG Corporation, Japan Trim, Mitsui E&S, Tirado, Transaction, Rec, Komatsu Wall Industrial, Takara Standard, Kamei

Overview

Mitsui Matsushima Holdings is a holding company founded in 1913 that engages in diversified operations. After withdrawing from the coal business, it has expanded its business centered on niche industrial products.

Current Situation

Mitsui Matsushima Holdings ended coal mining in 2023 and is advancing business diversification. Consolidated sales are approximately 46.6 billion yen. It is a historic company since 1983 with its head office in Fukuoka City. Its main businesses range from daily necessities and household goods to industrial equipment and quartz devices, and it has multiple subsidiaries. In recent years, it has actively pursued M&A in diverse fields such as Japan Straw, Meiko Shokai, and KMT to strengthen its holding company structure. It has also entered new fields like Japan Katan in power-related businesses to expand its business foundation. After exiting the coal business, it is nurturing growth drivers such as pet food, measuring instruments, and industrial chains. It is also strengthening sustainability efforts, focusing on technologies to reduce environmental impact and recycling businesses. Going forward, with the industry reclassification starting in 2024 to 'Other Products,' it aims to become a leading company in that sector by enhancing new business development and subsidiary collaboration, targeting mid-term business growth and stable earnings.

Trivia

Interesting Facts

  • Historic company that originally centered on coal mining.
  • Continued coal business for 111 years before complete withdrawal in 2024.
  • Long-standing member of the Mitsui Group.
  • Advances business diversification by acquiring numerous subsidiaries via M&A.
  • Part of Japan's first mask blanks specialist manufacturer.
  • Owns Meiko Shokai, a leader in office shredders.
  • Expanding into pet food business as a growth area.
  • Head office located at Oomachi in Fukuoka City.
  • Major shareholder is Yahikin Bank, a local financial institution.
  • Member of Mitsui Getsuyokai, participating in Mitsui Group exchanges.
  • Related companies include special measuring instruments and power transmission line fittings manufacturers.
  • Changed industry classification in 2024 to 'Other Products' sector.
  • Focuses on reducing environmental impact to aim for a sustainable society.
  • Strong market share in industrial roller chains.
  • Highly rated for premium pet food products.

Hidden Connections

  • Mitsui Sumitomo Bank and Yahikin Bank as major shareholders strengthen ties between local and major finance.
  • Participates in meetings for information exchange and collaboration with other Mitsui Group mining and manufacturing companies.
  • Subsidiary Meiko Shokai boasts high market share in office shredders.
  • Mitsui Matsushima Holdings' power transmission line fittings business has strong relations with power infrastructure companies.
  • Operates coal mine heritage management and experience facilities, contributing to regional revitalization.
  • Deep trading relationships with veterinary hospitals and mail-order firms in pet food business.
  • In 2023, made a Marubeni Group-related company a subsidiary, broadening business domains.
  • High M&A response capabilities internally and externally, succeeding in numerous acquisitions.

Future Outlook

Growth Drivers

  • Development and growth of new businesses through diversification
  • Demand for technological innovation in electronic materials and measuring instruments
  • Expansion of environmentally friendly product markets
  • Increasing demand for high-quality pet food
  • Expansion of demand for industrial machinery parts domestically and internationally
  • Strengthening business foundation using M&A
  • Entry into healthcare and welfare-related markets
  • Product development supporting sustainable society
  • Creating synergies within and outside the group
  • Sales expansion to diverse industrial channels
  • Product sophistication through IoT and digital technology utilization
  • Increasing demand due to strengthened domestic and international environmental regulations

Strategic Goals

  • Achieve sales of over 80 billion yen
  • Raise sustainable product ratio to over 70%
  • Achieve 20% of total sales from new businesses
  • Reduce group-wide CO2 emissions by 30%
  • Expand business deployment in overseas markets like Southeast Asia
  • Promote digitalization and smart factories
  • Establish brand strength in growth fields
  • Strengthen coexistence with local communities
  • Deepen business diversification through M&A and alliances
  • Enhance initiatives for improving employee work-life balance

Business Segments

Industrial Power Transmission Equipment

Overview
Provides power transmission equipment for industrial use, earning trust through high technological capabilities.
Competitiveness
High durability and precision product development capabilities
Customers
  • Manufacturers
  • Automotive makers
  • Heavy industry
  • Machinery parts trading companies
Products
  • Roller chains
  • Conveyor chains
  • Reducers
  • Transmissions

Electronic Materials & Measuring Equipment

Overview
Supplies high-precision equipment and materials for advanced electronic manufacturing.
Competitiveness
Long years of know-how in precision fields
Customers
  • Semiconductor manufacturers
  • Display manufacturers
  • Electronic component manufacturers
Products
  • Quartz device manufacturing equipment
  • Mask blanks
  • Weighing instruments
  • Analytical instruments

Office Equipment & Supplies

Overview
Provides reliable office equipment to small and medium-sized enterprises.
Competitiveness
Customer-focused after-sales service
Customers
  • Office companies
  • Government offices
  • Small and medium enterprises
Products
  • Shredders
  • Time recorders
  • Stationery

Food Packaging Materials

Overview
Manufactures and sells packaging materials with consideration for food safety.
Competitiveness
Development capabilities for environmentally friendly products
Customers
  • Food manufacturers
  • Restaurant chains
  • Retailers
Products
  • Paper cups
  • Food straws
  • Paper bags

Pet Food & Supplies

Overview
Provides pet-related products emphasizing quality and safety.
Competitiveness
Premium brand strength
Customers
  • Pet shops
  • Veterinary hospitals
  • Mail order
Products
  • Premium pet food
  • Pet supplies

Apparel

Overview
Plans and manufactures high-quality apparel products and sells through diverse channels.
Competitiveness
Brand strength and quality control
Customers
  • Department stores
  • Specialty stores
  • E-commerce operators
Products
  • Men's clothing
  • Women's clothing
  • Dress shirts

Housing-Related Components

Overview
Provides high-quality components to the housing industry.
Competitiveness
Flexible manufacturing system
Customers
  • Construction companies
  • Housing manufacturers
  • Building materials retailers
Products
  • Housing components
  • Construction materials

Competitive Advantage

Strengths

  • Diversified business portfolio
  • Long history and trusted brand
  • Strong ties to the Mitsui Group
  • Technological strength in niche fields
  • Aggressive M&A strategy
  • Network of subsidiaries domestically and internationally
  • Solid financial base
  • Technology development and product diversification
  • Provision of high-quality products
  • Development of environmentally friendly products
  • Extensive sales channels
  • Diverse industrial segments
  • Regionally focused business expansion
  • Efficient corporate integration capabilities
  • Experienced management team

Competitive Advantages

  • Achieved risk diversification through diversification from coal business
  • Strong brand strategy and customer base in niche markets
  • Business opportunities via Mitsui Group network
  • Expertise in high-precision electronic materials and measuring instruments
  • Domestic top-class share in industrial chain manufacturing
  • Stable earnings structure through product supply to diverse industries
  • Flexible management strategy deployment via holding company structure
  • Early response to environmentally friendly products and technological innovation
  • Cross-selling leveraging strengths of each subsidiary
  • Aggressive capital alliances and business succession capabilities
  • Reliable product supply system
  • Market adaptation through information exchange within and outside the group
  • Management strength from abundant experience and know-how
  • Rapid entry into new business areas
  • Long-term financial stability and investment capacity

Threats

  • Risk of demand decline due to economic downturn
  • Intensifying competition in overseas markets
  • Impact of raw material cost fluctuations
  • Potential business constraints from environmental regulations
  • Decline in competitiveness due to delays in technological innovation
  • Earnings instability due to economic fluctuations
  • Impact of legal regulations and trade friction
  • Dilution of focus due to business diversification
  • Credit risk of trading partners
  • Logistics and production disruptions from natural disasters
  • Difficulty in securing talent
  • Foreign exchange fluctuation risk

Innovations

2024: Made Japan Chain Holdings a wholly-owned subsidiary

Overview
Strengthened business foundation by making industrial roller chain business a subsidiary.
Impact
Expanded product lineup and market share

2023: Acquired shares in Marubeni Office Supply

Overview
Made thermal receipt roll processing and sales business a subsidiary to develop new markets.
Impact
Business diversification and sales base expansion

2023: Acquired shares in Plus One Techno

Overview
Strengthened BtoB expansion by making food factory weighing equipment manufacturer a subsidiary.
Impact
Promoted growth in production equipment-related business

2022: Made Japan Katan Group a subsidiary

Overview
Brought specialist manufacturer of overhead wire fittings for power transmission lines under its umbrella to expand business.
Impact
Expanded entry into power infrastructure-related market

2021: Made Systec Kyowa a subsidiary

Overview
Expanded housing-related components manufacturing and sales business.
Impact
Strengthened business foundation in construction materials field

Sustainability

  • Complete withdrawal from coal business to reduce environmental impact
  • Strengthened development of environmentally friendly products
  • Promotion of waste recycling
  • Introduction of energy-saving manufacturing processes
  • Environmental conservation activities in collaboration with local communities
  • Sharing and management of environmental data among subsidiaries
  • Pursuit of sustainability in the supply chain
  • Implementation of environmental education programs
  • Setting CO2 emission reduction targets
  • Proactive compliance with environmental regulations
  • Expansion of green energy utilization
  • Participation in local ecosystem protection activities