Mitsuchi

Basic Information

Stock Code
3439
Industry
Metal Products
Category Detail
Iron, Steel & Metal Products
Prefecture
Aichi Prefecture
Establishment Year
June 1963
Listing Year
July 2007
Official Website
https://www.mitsuchi.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Heian Ray, Atom Livintec, Sanko Techno, Nippon Power Fastening, Wise HD, Nitto Seiko, Kyowa Kogyosho, Piolax, Chuo Spring, Otaka, Kuroda Seiko, Misumi Group Headquarters

Overview

Mitsuchi is a mid-sized company specializing in the manufacture of automotive fasteners, founded in 1963, with strengths in high-quality custom fasteners supplied to domestic automakers.

Current Situation

Mitsuchi recorded standalone net sales of approximately 10 billion yen and consolidated net sales of approximately 12.5 billion yen in the fiscal year ended June 2020, establishing a stable revenue base. Headquartered in Kasugai City, Aichi Prefecture, the company focuses on the manufacture and sale of custom fasteners for automotive parts. In global expansion, it has subsidiaries in India, Thailand, China, and the United States, and is working to expand overseas markets, such as through new factory developments for Suzuki. It has strengthened production technologies through group restructuring since 2011 and the subsidiary acquisition of Sei Sei Engineering in 2020. In terms of sustainability, it has obtained ISO certifications for quality management and considers measures to reduce environmental impact. Moving forward, it aims to enhance competitiveness through parts development corresponding to the spread of electric vehicles (EVs) in automobiles and the strengthening of overseas production and sales. Challenges include responding to fluctuations in the automotive industry and raw material price volatility, and continuous growth requires technological innovation and close customer relationships.

Trivia

Interesting Facts

  • Company name derived from the founding philosophy of 'three wisdoms'
  • Changed trade name to Mitsuchi in 1975, continuing to present
  • Listed on TSE JASDAQ in 2007, and on Nagoya Stock Exchange in 2016
  • Rare mid-sized parts company with global production bases including subsidiaries
  • Strengthened quality management from ISO9002 to ISO9001 certification
  • New factory established in India aims at mass production expansion for Suzuki
  • Closing Anada Factory to improve production efficiency
  • Enhances durability of automotive fasteners through proprietary surface treatment technology
  • Overseas expansion promoted under leadership of President Kazushi Nakamura
  • Expanded manufacturing technology scope through acquisition of Sei Sei Engineering
  • Consolidated net sales of approx. 12.5 billion yen, mid-sized automotive parts manufacturer
  • Major shareholders include regional financial institutions such as Nagoya SME Investment and Development
  • Special products like anti-vibration nuts highly evaluated domestically and internationally
  • High repeat rate from close customer service is a strength
  • In addition to Kasugai headquarters, sales offices in Saitama, Hiroshima, and Fukuoka

Hidden Connections

  • Closely collaborating with Suzuki's domestic and overseas manufacturing bases to expand parts supply
  • Exerting presence as part of the Nagoya area's automotive parts company network
  • Precision mold technology integrated into the group through Sei Sei Engineering acquisition
  • Subsidiaries realizing multinational deployment in Thailand, India, China, and the US
  • Regional financial institutions as major shareholders supporting management stability
  • Holds multiple patents for automotive custom fastener technology
  • Frequent IR topics are strengthening overseas bases and EV対応
  • Company history reflects the 'three wisdoms' concept deeply rooted in corporate culture

Future Outlook

Growth Drivers

  • Expansion of new parts demand accompanying EV adoption in domestic and overseas auto markets
  • Increase in production and sales in emerging markets such as India and Thailand
  • Development of high value-added and environmentally responsive fasteners
  • Strengthening multi-variety small-lot対応 capabilities
  • Stable orders through deepened collaboration with global customers
  • Promotion of product diversification into non-automotive industries
  • Advanced manufacturing processes utilizing IoT/AI
  • Rapid response to customer needs and technological innovation
  • Expansion of product lineup corresponding to environmental regulations
  • Gaining trust through strengthened quality assurance system
  • Synergy effects from technology and resource integration with consolidated subsidiaries
  • Enhancement of employee technical skills and talent development

Strategic Goals

  • Improve overseas sales ratio to over 40%
  • Expand environmentally low-burden and sustainable products
  • Expand share of EV-compatible parts
  • Company-wide deployment of advanced manufacturing technologies and automation
  • Build joint development system with customers
  • Maximize synergy with consolidated subsidiaries
  • Strengthen fastener展開 for diverse industries
  • Promote coexistence with local communities and strengthen corporate responsibility
  • Establish stable financial base
  • Improve employee satisfaction and promote diversity

Business Segments

Automotive Manufacturers

Overview
Provides high-precision, high-durability custom fasteners to automotive manufacturers, supporting from design to mass production.
Competitiveness
Abundant design expertise and customer-oriented custom response
Customers
  • Global automakers
  • Domestic automakers
  • EV vehicle development divisions
  • Automotive suppliers
  • Automotive parts OEM companies
  • Design and development companies
  • Technical R&D centers
  • Quality control departments
  • Procurement departments
  • Production control departments
  • Automotive manufacturing plants
Products
  • General custom fasteners
  • Bolts and nuts
  • Lock nuts
  • Clips
  • Hinge parts
  • Anti-vibration fasteners
  • Special coating products
  • Heat-resistant fasteners
  • Lightweight products
  • Spring bolts
  • Plastic fasteners
  • High-strength fasteners
  • Environmentally friendly products
  • Prototype parts
  • Precision parts

Parts Manufacturers

Overview
Provides a diverse range of fastener products to parts manufacturers, supporting production efficiency with multi-variety small-lot対応.
Competitiveness
Multi-variety small-lot対応 and high-quality management system
Customers
  • Automotive sub-suppliers
  • Metal parts manufacturers
  • Plastic parts companies
  • Machining manufacturers
  • Electronic parts companies
  • Logistics companies
  • Secondary processors
  • Mold manufacturers
  • Inspection and quality assurance companies
  • Equipment maintenance companies
Products
  • General-purpose fasteners
  • Standard bolts and nuts
  • Special-shaped parts
  • Pressed products
  • Processed fasteners
  • Rust-proofed products
  • Heat-resistant parts
  • Surface-treated parts
  • Prototype parts
  • Custom specifications
  • Small-lot production
  • Unit parts
  • Inspection jig related
  • Machined parts
  • Assembly aids

Overseas Local Production

Overview
Supplies cost-competitive locally produced fasteners for overseas markets, promoting responses tailored to local needs.
Competitiveness
Local close support through global deployment
Customers
  • Overseas auto plants
  • Overseas parts suppliers
  • Local sales agents
  • Local procurement departments
  • Overseas subsidiaries
  • International logistics companies
  • Local partner companies
Products
  • Local-spec fasteners
  • Cost-efficient products
  • Local standard compliant products
  • Standard products
  • Assembly parts
  • Procurement support items
  • Technical guidance parts
  • Quality assurance compliant products

Logistics and Distribution

Overview
Supplies strong and durable fastener products to the logistics and distribution industry, supporting safe transportation.
Competitiveness
Provision of highly durable products and custom design対応
Customers
  • Logistics companies
  • Distribution centers
  • Delivery companies
  • Warehouse management companies
  • Materials procurement departments
Products
  • Packaging parts
  • Packing fixtures
  • Durable fasteners
  • Lightweight clips
  • Special wear-resistant parts

Industrial Machinery

Overview
Provides high-durability and special-spec fasteners for the industrial machinery field, improving machine reliability.
Competitiveness
High-strength technology and specification対応 capability
Customers
  • Industrial machinery manufacturers
  • Equipment manufacturers
  • Maintenance companies
  • Construction machinery manufacturers
  • Industrial equipment manufacturers
Products
  • High-strength fasteners
  • Heat-resistant and rust-proof parts
  • Design custom parts
  • Special specification products

Construction and Housing

Overview
Provides various necessary fasteners for construction and housing fields, contributing to improved construction reliability.
Competitiveness
Multi-variety展開 and high quality standards
Customers
  • Building materials manufacturers
  • Housing equipment companies
  • Renovation companies
  • Construction companies
  • Design offices
Products
  • Hardware, nails, screws
  • Hinges and other metal parts
  • Assembly aids
  • Rust-proofed products

Medical Equipment

Overview
Supplies high-precision, reliable fasteners for the medical equipment field, supporting safe device manufacturing.
Competitiveness
High-precision machining technology and quality control
Customers
  • Medical equipment manufacturers
  • Medical parts suppliers
  • Research institutions
  • Medical equipment companies
Products
  • Precision fasteners
  • Micro parts
  • Stability parts

Electronic Devices

Overview
Provides fine, high-performance fasteners optimized for the electronic devices field, improving durability.
Competitiveness
High precision and diverse material対応
Customers
  • Electronic parts manufacturers
  • PC manufacturers
  • Communications equipment companies
  • Home appliance manufacturers
Products
  • Fine fasteners
  • Composite material products
  • Heat-resistant parts

Railway and Transportation Equipment

Overview
Provides earthquake-resistant, high-durability fasteners specialized for the railway and transportation equipment field.
Competitiveness
Specialized design meeting safety standards
Customers
  • Railway vehicle manufacturers
  • Transportation equipment suppliers
  • Maintenance companies
Products
  • Large fasteners
  • Earthquake-resistant and anti-vibration parts

Environment and Energy Industries

Overview
Provides weather- and corrosion-resistant high-performance fasteners for environment and energy equipment.
Competitiveness
Environmentally friendly materials and high-performance processing
Customers
  • Renewable energy manufacturers
  • Environment-related companies
  • Equipment construction companies
Products
  • Special coating fasteners
  • Rust- and weather-resistant products

Marine and Shipbuilding Industries

Overview
Manufactures and supplies highly durable, corrosion-resistant fasteners for marine and shipbuilding uses.
Competitiveness
Special processing technology enduring marine environments
Customers
  • Shipbuilding companies
  • Marine equipment manufacturers
  • Marine transport companies
Products
  • Salt damage resistant fasteners
  • High-durability products

Agricultural Machinery

Overview
Provides weather- and durability-resistant fastener products for agricultural machinery.
Competitiveness
Environmental resistance and versatility
Customers
  • Agricultural machinery manufacturers
  • Agricultural materials sales
  • Agricultural cooperatives related
Products
  • Weather-resistant fasteners
  • Reinforced parts

Competitive Advantage

Strengths

  • High manufacturing precision and quality control capabilities
  • Specialized technical expertise for the automotive industry
  • Versatile custom design対応 capability
  • Global production and sales network
  • Stable major customer base
  • Quality reliability from ISO9001 certification
  • Diverse materials and processing technologies
  • Prompt customer response and technical support
  • Technology integration utilizing consolidated subsidiaries
  • Long years of industry experience and market insight
  • Flexible production lines and small-lot対応
  • Track record in environmentally friendly product development
  • Growth foundation through strategic overseas expansion
  • Robust supply chain management
  • Continuous technological R&D

Competitive Advantages

  • Custom fastener manufacturing technology precisely meeting automaker specifications
  • Stable parts supply system through domestic and overseas group companies
  • Leading competitors with complex shapes and high-function fastener designs
  • High trust from clients due to quality certifications
  • Close collaboration with customers through regionally located sales offices
  • Cost competitiveness and local対応 utilizing overseas factories
  • Lineup of high value-added products such as heat- and rust-resistant
  • Stable sales base from long-term transaction track record
  • Responding to diverse needs through technology collaboration with consolidated subsidiaries
  • Proposal-based sales combining sales and technical strengths
  • Gaining trust in the automotive industry with products meeting safety standards
  • Thorough inspection and testing equipment for quality assurance
  • High compatibility and suitability as embedded parts
  • Speedy product improvement and development responding to customer needs
  • Long-term corporate value enhancement through ESG-considerate product development

Threats

  • Changes in parts demand due to EV shift in the automotive industry
  • Cost increase risks from raw material price fluctuations
  • Low-cost offensives from overseas competitors
  • Global supply chain disruptions
  • Increased product対応 costs from strengthened environmental regulations
  • Profit impacts from exchange rate fluctuations
  • Obsolescence of existing products due to new technology introductions
  • Intensified competition in emerging markets and difficulties in customer diversification
  • Brand risks from quality issues
  • Difficulties in talent acquisition and development
  • Risks of global decrease in automotive production volumes
  • Impacts from international politics and trade friction

Innovations

2024: Launch of New Factory in India

Overview
Started operations at a new factory in India tailored for Suzuki, enabling rapid response to local demand.
Impact
Achieved improved production capacity and enhanced cost competitiveness

2023: Development of Precision Fastener Processing Technology

Overview
Developed high-precision, high-durability fastener processing technology, promoting multi-function products.
Impact
Contributes to improved market competitiveness

2022: Introduction of New Surface Treatment Technology

Overview
Introduced environmentally low-burden surface treatment technology to improve rust prevention performance.
Impact
Improved product durability by 15%

2021: Promotion of Manufacturing Process Automation

Overview
Advanced IoT-ization and robot introduction in production lines, significantly improving production efficiency.
Impact
20% improvement in production efficiency, stable quality

2020: Acquisition of Sei Sei Engineering

Overview
Made precision mold processing company Sei Sei Engineering a wholly-owned subsidiary to strengthen technology.
Impact
Doubled speed of new product development

Sustainability

  • Thorough compliance with quality standards such as ISO9001
  • Promotion of material recycling to reduce environmental burden
  • Introduction of energy-saving production processes
  • Implementation of environmental education programs for employees
  • Strengthening waste reduction and proper disposal
  • Cooperation with local communities in environmental conservation activities
  • Formulation of sustainable procurement standards
  • Adoption of new environmentally considerate materials
  • Expansion of CO2 emissions reduction efforts
  • Improvement of environmental awareness across the supply chain
  • Preparation for ISO14001 certification
  • Strengthening product lifecycle management