Mitsuboshi

Basic Information

Stock Code
5820
Industry
Non-Ferrous Metals
Category Detail
Iron, Steel & Metal Products
Prefecture
Osaka Prefecture
Establishment Year
March 1947
Listing Year
February 1996
Official Website
https://www.kk-mitsuboshi.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Furukawa Electric, Fujikura, SWCC, Onamba, JMACS, Kanare Electric, Heika Hutech, Toami, Takase

Overview

Mitsuboshi is a mid-tier manufacturer in the non-ferrous metals industry founded in 1947. It specializes in cabtyre cable production as its mainstay while also developing high-function resin products and housing building materials as a technology-oriented company.

Current Situation

Mitsuboshi recorded consolidated net sales of approximately ¥8.5 billion and ordinary income of approximately ¥220 million for the fiscal year ended March 2020. Its mainstay cabtyre cables have strengths in industrial applications, and it also manufactures window frames and other products in the housing materials sector. The company is proactive in R&D, focusing on diversifying materials through high-function tubes and synthetic resin extrusion molded products. It operates multiple sales offices and two manufacturing plants domestically, with efforts toward quality improvement. The company has established an affiliate in the Philippines to expand overseas. Shareholder composition features a few related companies as major shareholders. Moving forward, it is exploring new businesses such as partnerships in solar power generation and improving financial health through the sale of policy holdings. While market competition with rivals is intense, it aims for sustainable growth through expansion in niche product areas and technological innovation. As a mid-to-long-term strategy, it is promoting product diversification and overseas market development to strengthen management.

Trivia

Interesting Facts

  • Established in 1947, a veteran non-ferrous metals manufacturer
  • Mid-tier domestic share in cabtyre cables
  • Overseas production base in the Philippines
  • Collaborating with solar power generation business
  • Improved financial structure through policy holding sales
  • Also handles window frames and other housing materials
  • Some products specialized in oil and heat resistance
  • Successful product diversification
  • Focus on technological innovation within the industry
  • Kansai-based regionally rooted company
  • Also produces industrial plastic molded products
  • Holds over 120,000 treasury shares
  • Paid-in capital around ¥1.1 billion
  • Approximately 250 consolidated employees
  • Deploys industrial wires under own brands

Hidden Connections

  • Strengthened contract manufacturing system through collaboration with affiliate Silver Steel Machinery
  • Leading industry-wide review of capital relationships via policy stock sales
  • Partnership with Chinese firm in solar power serves as starting point for new business expansion
  • Realizes regional closeness by expanding sales offices nationwide from Osaka base
  • Accelerates plastic product development through collaboration with multiple affiliates
  • Participates in establishing industry standards alongside competitors in iron, steel & metal products sector
  • Featured in Nikkei News as a notable stock for policy holding sales
  • Has continued manufacturing non-ferrous metal products for about 70 years since establishment while pursuing transformation

Future Outlook

Growth Drivers

  • Expansion of demand for special cables in industrial applications
  • Growing market interest in eco-friendly products
  • Stable growth in housing materials market
  • Improved cost competitiveness through expansion of overseas production bases
  • Advancement of renewable energy-related businesses
  • New product development through technological innovation
  • Enhanced response to diversifying customer needs
  • Increased demand for environmentally considerate products due to stricter regulations
  • Improved productivity via IoT and smart manufacturing technology adoption
  • Capital efficiency improvement from policy holding sales

Strategic Goals

  • Achieve net sales of ¥10 billion
  • Eco-friendly products ratio over 50%
  • Overseas sales ratio 30% or higher
  • Expansion of solar and renewable energy business
  • Market share expansion through product diversification
  • Industry differentiation via advanced technology development
  • Energy-saving factory operations and CO2 emission reductions
  • Strengthening global sales network
  • Business efficiency via digitalization
  • Continuous strengthening of social contribution activities

Business Segments

Industrial Machinery Cable Manufacturing

Overview
Designs and manufactures high-quality cables for industrial machinery to meet diverse needs.
Competitiveness
Ensuring durability and safety through advanced technology.
Customers
  • Industrial machinery manufacturers
  • Equipment contractors
  • Manufacturing plants
  • Energy plants
Products
  • Cabtyre cables
  • Heat-resistant wires
  • Oil-resistant cables
  • Special application cables

Housing Building Materials Manufacturing and Sales

Overview
Manufactures and sells high-function, environmentally considerate building materials for housing.
Competitiveness
Utilization of new materials with superior durability and insulation.
Customers
  • Housing construction companies
  • Homebuilders
  • Remodeling contractors
  • Building materials wholesalers
Products
  • Resin window frames
  • Synthetic resin molded products
  • Insulating materials
  • Soundproof materials

Industrial Plastic Products Manufacturing

Overview
Supplies high-precision plastic molded products to diverse industrial sectors.
Competitiveness
Broad material compatibility and precision processing technology.
Customers
  • Machinery manufacturers
  • Automotive parts manufacturers
  • Electronic device manufacturers
  • Medical equipment manufacturers
Products
  • Molded plastic parts
  • High-function tubes
  • Chemical-resistant parts
  • Molded products for electronic parts

Environmental Product Development

Overview
Business area focused on developing and providing low-environmental-impact products.
Competitiveness
High adaptability to environmental regulations.
Customers
  • Recycling businesses
  • Environmental companies
  • Public institutions
  • Industrial waste treatment companies
Products
  • Recycled resin products
  • Low-VOC cables
  • Eco-friendly materials
  • Eco product series

Electronic & Automotive Parts Manufacturing

Overview
Supplies special cable products to the electronics and automotive industries.
Competitiveness
Cable designs excelling in environmental and vibration resistance.
Customers
  • Electronic device manufacturers
  • Automotive manufacturers
  • Parts suppliers
Products
  • Cables for electronic devices
  • Automotive wires
  • High-flexibility cables
  • Vibration-resistant wires

Industrial Materials Manufacturing and Sales

Overview
Manufactures and sells high-durability materials and parts for industrial sites.
Competitiveness
Material designs for durability and multi-purpose use.
Customers
  • Construction companies
  • Equipment contractors
  • Industrial machinery manufacturers
  • Logistics companies
Products
  • Industrial net products
  • Conveyor nets
  • Reinforced plastic parts
  • Industrial machinery parts

Communications Infrastructure Materials

Overview
Provides high-quality cable materials for communications infrastructure.
Competitiveness
Ensuring high reliability and weather resistance.
Customers
  • Telecommunications carriers
  • Infrastructure-related companies
  • Electrical contractors
Products
  • Communications cables
  • Optical fiber-related parts

Architectural Wiring Materials

Overview
Provides various wiring materials for construction sites.
Competitiveness
Balancing ease of use and durability.
Customers
  • Architectural design firms
  • Construction companies
  • Electrical installation contractors
Products
  • Wiring protection tubes
  • Cable ties
  • Wiring fixtures

Industrial Molded Parts

Overview
Manufacturing and sales of high-precision industrial molded parts.
Competitiveness
Balancing precision processing and durability.
Customers
  • Industrial machinery manufacturers
  • Automotive parts manufacturers
Products
  • Resin gears
  • Precision molded parts
  • Abrasion-resistant parts

Solar Power Generation Related Products

Overview
Promotes product development for the renewable energy sector.
Competitiveness
Rapid response to new markets.
Customers
  • Solar power developers
  • Energy-related companies
Products
  • Solar power cables
  • Electrical equipment products

Overseas Manufacturing Base Operations

Overview
Overseas production and supply utilizing Philippine affiliate.
Competitiveness
Low-cost production and rapid supply locally.
Customers
  • Global manufacturers
  • Exporters
Products
  • Finished cable products
  • Resin molded products

Technical Support Services

Overview
Provides technical support and consulting to customers.
Competitiveness
Expertise based on years of technological accumulation.
Customers
  • Manufacturing industry
  • Construction industry
  • Service industry
Products
  • Product design support
  • Quality management support
  • Technical consulting

Competitive Advantage

Strengths

  • High manufacturing technology capabilities
  • Diverse cable product lineup
  • Strength in niche industrial markets
  • Nationwide sales network
  • Promotion of product diversification
  • Utilization of overseas production bases
  • Stable financial foundation
  • Product durability and quality
  • Environmental product development
  • Long track record in the industry
  • Capital efficiency improvement via policy holding sales
  • Active investment in technological innovation
  • Customer-close support system
  • Synergy effects with housing materials
  • Diverse sales channels

Competitive Advantages

  • Technological capabilities covering a wide range of industries
  • Integrated system from product design to manufacturing
  • Supply capabilities for special cables like heat- and oil-resistant
  • Rapid customer response via major domestic sales offices
  • Low-cost production through Philippine subsidiary
  • Early development and provision of environmentally compliant products
  • Risk diversification through multiple pillars in industrial machinery and housing materials
  • Customization capabilities tailored to customer needs
  • Financial health improvement and increased funds via policy stock sales
  • Proactive new business development and partnerships
  • Market expansion covering diverse sales channels
  • High adaptability to segmented market needs
  • Building long-term trust with customers
  • Strengthened development led by engineers
  • Improved transparency in financial information

Threats

  • Risk of raw material price fluctuations
  • Intense market competition with major companies
  • Political and economic risks in overseas markets
  • Increased compliance costs from stricter environmental regulations
  • Technological innovation competition from new entrants
  • Intensifying global price competition
  • Profit pressure from exchange rate fluctuations
  • Labor shortages at factories etc.
  • Challenges in recruiting and training engineers
  • Production risks from natural disasters
  • Stock price volatility from policy holding sales
  • Sudden changes in customer needs

Innovations

2024: Partnership with solar power operator

Overview
Partnered with a Chinese firm for product development in solar power, entering new markets.
Impact
Expansion of product lines and acquisition of new revenue

2023: Extraordinary profit from policy holding sales

Overview
Recorded ¥111 million in extraordinary profit by selling part of policy holdings.
Impact
Contributes to strengthening financial foundation

2022: Improvement in high-function tube manufacturing technology

Overview
Introduced compounding technology to enhance chemical and heat resistance.
Impact
Improved product reliability and market competitiveness

2021: Initiation of composite material cable development

Overview
Began research on lightweight, durable composite material cables.
Impact
Strengthened response to next-generation industrial cable markets

2020: Enhancement of production capacity at Philippine factory

Overview
Improved production efficiency through equipment investment at affiliate Philippine factory.
Impact
Reduced overseas production costs and shortened delivery times

Sustainability

  • Strengthening development of eco-friendly products
  • Expanding use of recycled materials
  • Introducing energy-saving equipment at factories
  • Employee environmental awareness activities
  • Participation in local cleanup activities
  • CO2 reduction through business efficiency
  • Thorough safety and health management
  • Promotion of product waste reuse
  • Monitoring environmental impact in supply chain
  • Reducing environmental load through technological innovation
  • Introduction of energy management systems
  • Contribution to building a circular society