Mory Industries

Basic Information

Stock Code
5464
Industry
Steel
Category Detail
Iron, Steel & Metal Products
Prefecture
Osaka Prefecture
Establishment Year
April 1929
Listing Year
June 1973
Official Website
https://www.mory.co.jp/
TSE Information
TSE Information
Yahoo! Finance
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Overview

Mory Industries is one of Japan's leading stainless steel pipe manufacturers in the steel industry, founded in 1929, and is a manufacturing and sales company with high market share in automotive and construction applications.

Current Situation

Mory Industries recorded consolidated sales of approximately 35.1 billion yen for the fiscal year ended March 2021, with operations centered in the Kansai region and expanding into the Kanto area. Its core business is the manufacturing and sales of stainless steel pipes and processed bar steel products, holding high market shares in the industry for automotive parts and architectural handrail products. It has ISO 9001 certification for quality management and maintains ISO 14001 certification for environmental management. In recent years, it has diversified into machinery manufacturing, such as pipe cutting machines. For overseas expansion, it has invested in a Thai company to strengthen global competitiveness. Major subsidiaries include Mori Metal and Kanto Mory Industries, bolstering the group's technology and sales capabilities. Going forward, it plans to expand stainless bar steel production and business in the Kanto region, focusing on quality improvement and production efficiency. In the long term, it aims to develop high-performance products to address environmental regulations in the automotive industry.

Trivia

Interesting Facts

  • Historic company founded in 1929 from bicycle parts manufacturing.
  • High recognition in Kansai region from TV commercials for household laundry pole 'Kirakira Pole'.
  • Member of Sanwa Group with strong industry networks.
  • Rare steel manufacturer that also possesses internal processing technology through in-house pipe cutting machines.
  • Actively advancing into Kanto while based in Kansai.
  • Early adopter of ISO 9001 and 14001, focusing on quality and environment.
  • Secures unique market share competing with numerous special steel makers.
  • Invested in a Thai company to focus on Southeast Asian market development.
  • Uses Kansai dialect in commercials for laundry products to leverage regional flavor.
  • Originally named Mori Seisakusho at founding.

Hidden Connections

  • Broad collaborations with major financial institutions and construction firms through Sanwa Group.
  • One of its major customers is a leading automobile manufacturer.
  • Kanto Mory Industries plays a key role as a manufacturing base in Saitama.
  • Some of the company's stainless steel pipes are supplied to medical equipment manufacturers.
  • Pipe cutting machine technology is utilized in processing industries both domestically and internationally.
  • Flexible response to small custom orders for bar steel processing through long-term product development.
  • Maintains factory in local Kawachi-Nagano City, emphasizing community ties.
  • Founder Mori family still involved in management and holds influence as shareholders.

Future Outlook

Growth Drivers

  • Increasing demand for environmentally compatible products in automotive industry
  • Expansion of durable and aesthetic products in construction field
  • Expansion in Kanto region and Southeast Asia markets
  • Progress in developing new materials and high-value-added products
  • Enhanced cost competitiveness through production efficiency improvements

Strategic Goals

  • Expand market share in stainless bar steel business
  • Increase overseas sales ratio to over 30%
  • Fully implement low-environmental-impact production processes
  • Strengthen development of high-function products through technological innovation
  • Achieve efficiency gains through DX in production and logistics

Business Segments

Automotive Parts Manufacturing

Overview
Supplies high-performance stainless steel pipes to automotive-related companies, offering corrosion-resistant and durable products.
Competitiveness
Strict quality control and design responsiveness
Customers
  • Automobile manufacturers
  • Auto parts manufacturers
  • Secondary processors
  • Industrial machinery manufacturers
Products
  • Stainless steel pipes
  • Stainless bar steel
  • Pipe cutting machines
  • Special steel materials

Building Materials

Overview
Provides stainless steel building materials with superior durability and aesthetics.
Competitiveness
Reliability backed by years of track record
Customers
  • Construction companies
  • Architectural design firms
  • Equipment contractors
  • Housing manufacturers
Products
  • Stainless steel handrails
  • Steel pipes
  • Architectural stainless components

Machinery Manufacturing and Processing Machinery

Overview
Supplies high-efficiency machinery centered on in-house designed pipe cutting machines.
Competitiveness
Development system with strength in technology
Customers
  • Machinery manufacturers
  • Processors
  • Factory equipment managers
Products
  • Pipe cutting machines
  • Machinery parts

Bar Steel Processed Products

Overview
Provides multi-purpose stainless bar steel and supports parts processing.
Competitiveness
Capability for multi-variety small-lot production
Customers
  • Building materials dealers
  • Machinery processors
  • Industrial materials retailers
Products
  • Stainless bar steel
  • Processed steel materials

Overseas Expansion

Overview
Expanding markets through collaboration with capital-invested partners, mainly in Thailand.
Competitiveness
Strengthened collaboration with local companies
Customers
  • Southeast Asian companies
  • Local agents
Products
  • Stainless steel pipes
  • Machinery products

Lifestyle Goods Manufacturing

Overview
Plans, manufactures, and sells household lifestyle goods for wide distribution.
Competitiveness
High brand recognition
Customers
  • Department stores
  • Home centers
  • EC operators
Products
  • Laundry poles
  • Household stainless products

Competitive Advantage

Strengths

  • One of Japan's largest stainless steel pipe production capacities
  • Solid quality management system
  • Long industry track record and trust
  • Strong sales network centered in Kansai
  • Reliability from ISO certifications
  • Multi-variety small-lot production capability
  • R&D strength (pipe cutting machines, etc.)
  • Support from Sanwa Group
  • Synergies with major subsidiaries
  • Broad customer base対応

Competitive Advantages

  • High market share in automotive and construction fields
  • Provision of highly corrosion-resistant and durable products
  • Market expansion through Kanto region entry
  • Comprehensive capabilities including machinery products
  • Customer trust from long-term ongoing transactions
  • Overseas expansion strengthened via capital investments
  • Integrated product and service provision system
  • Customization based on high technological capabilities
  • Stable financial base
  • Industry-leading production efficiency

Threats

  • Intensifying global price competition
  • Fluctuations in raw material prices
  • Changes in automotive industry environmental regulations
  • Technological advances by overseas manufacturers
  • Exchange rate fluctuation risks
  • Increased costs for strengthened environmental regulations
  • Shrinking domestic market trends
  • Talent outflow due to successor shortages
  • Advances in competing new materials
  • Production site risks from disasters

Innovations

2023: Development of Highly Corrosion-Resistant Stainless Steel Pipes

Overview
Developed highly corrosion-resistant products to meet automotive industry environmental regulations.
Impact
Improved environmental performance and enhanced market competitiveness

2022: Higher Precision for Pipe Cutting Machines

Overview
Improved accuracy and efficiency of in-house cutting machines to boost productivity.
Impact
Reduced production time and costs

2021: Strengthening Logistics Base in Kanto Region

Overview
Enhanced equipment at Kanto Mory Industries to enable rapid delivery services.
Impact
Improved customer satisfaction and order expansion

2020: Introduction of Environmentally Friendly Production Processes

Overview
Strengthened wastewater and waste treatment systems at factories to reduce environmental impact.
Impact
Maintained ISO 14001 and improved social evaluation

Sustainability

  • Continuous maintenance of ISO 14001 certification
  • Implementation of wastewater and waste reduction programs
  • Promotion of energy-saving equipment introduction
  • Improved utilization rate of recycled resources
  • Enhanced participation in local cleanup activities