Miura Industrial

Basic Information

Stock Code: 6005
Industry: Machinery
Category Detail: Industrial Equipment & Heavy Electrical Apparatus
Prefecture: Ehime Prefecture
Establishment Year: May 1959
Listing Year: December 1982
Official Website: https://www.miuraz.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Takuma, Ecom, Hisan Seisakusho, NFK Holdings, Azbil, CSP

Overview

Miura Industrial is a leading company in the machinery manufacturing industry, centered on compact once-through boilers since its founding in 1959, boasting the top share in Japan and receiving high acclaim for its environmental technologies.

Current Situation

Miura Industrial recorded consolidated net sales of 143.6 billion yen, operating income of 18.5 billion yen, and net income of 13.7 billion yen for the fiscal year ended March 2020, maintaining a stable financial base. It holds a top-class domestic market share in its mainstay compact once-through boilers, as well as high shares in food processing equipment and water treatment equipment. The company is actively developing environmentally friendly products, including the launch of hydrogen-fueled steam boilers and joint development of quantum hydrogen energy, focusing on advanced technological innovations. In 2024, it began a capital alliance with Daikin Industries to aim for business expansion and synergy creation through technology integration. Its maintenance service network is well-developed, building a stable customer base both domestically and internationally. Moving forward, it plans to promote a medium- to long-term growth strategy centered on expanding clean energy products aimed at a decarbonized society.

Trivia

Interesting Facts

Specialized company focused on boiler manufacturing since incorporation in 1959.
Boasts top share in Japan for compact once-through boilers.
World's first commercialization of hydrogen-fueled boilers in 2017.
Founded in 1927, with long history and technology accumulation.
Jointly developing environmentally friendly quantum hydrogen energy.
Capital alliance with Daikin Industries to strengthen business collaboration.
Possesses comprehensive maintenance and service system nationwide.
History of featuring Shinsuke Shimada in TV commercials.
Regional company headquartered in Matsuyama City, Ehime Prefecture.
High market share also in food processing equipment field.
Deploys marine equipment inspection services domestically and internationally.
Ranked in top 100 for human capital management.
Manufactures water softeners and water treatment equipment for diversification.
Thick customer trust due to high technological capabilities.
Approximately 5,800 employees, maintaining stable organization.

Hidden Connections

Establishment of joint venture with 100% subsidiary of Daikin Industries for new technology integration.
Close collaboration with Clean Planet in quantum hydrogen energy field.
Major shareholder of local TV station Ai Television, contributing to regional activities.
Sleeve sponsor of Ehime FC, supporting sports culture.
Expanding business overseas, including Turkey, in marine equipment inspection.
Enhanced brand power by featuring celebrities in TV commercials over many years.
Actively introducing human capital management to focus on engaging work environment.
Established competitive superiority through technology fusion of food processing equipment and boilers.

Future Outlook

Growth Drivers

Expansion of demand for environmentally compatible technologies toward decarbonized society
Market expansion and technological innovation for hydrogen-fueled boilers
Synergy effects from capital and business alliance with Daikin Industries
Increasing industry-wide investment in energy-saving equipment
Growing needs for labor-saving and efficiency in food processing industry
Rising demand for environmental technologies in global markets
Spread of smart maintenance services using IoT and AI
Equipment renewal demand accompanying stricter environmental regulations in shipping industry
Acceleration of environmental equipment investment centered on municipalities
Sophistication of quality and safety requirements in business sector
Expansion of maintenance market due to trend toward long-life products
Support for introduction of decarbonization technologies through public subsidies and grants

Strategic Goals

Achieve 30% market share in hydrogen-fueled boilers domestically and internationally
New market development through joint ventures with Daikin Industries
Establish product lineup reducing CO2 emissions by over 50%
Improve customer satisfaction through digitalization of maintenance and services
Company-wide introduction of products compliant with global environmental regulations
Expand R&D investment to over 5% of sales
Achieve annual net sales exceeding 200 billion yen
Establish work environment with over 90% employee satisfaction
Maintain waste recycling rate over 95%
Strengthen collaboration with regional communities and fulfill social responsibilities

Business Segments

Industrial Boiler Sales and Maintenance

Overview

Provides sales of boilers and related equipment as well as maintenance services to diverse industrial sectors, supporting stable equipment operation.

Competitiveness

Comprehensive maintenance service network and advanced technological capabilities

Customers

Manufacturing industry
Food factories
Medical institutions
Public facilities
Shipbuilding industry
Hospitals
Hotels
Steel industry
Chemical industry
Heating equipment contractors
Shipping companies
Construction companies

Products

Compact once-through boilers
Water tube boilers
Maintenance services
Steam piping design
Environmentally compatible boilers
Hydrogen-fueled boilers
Steam sterilization equipment
Combustion control systems
Exhaust gas purification devices
Energy-saving systems
Heat exchangers
Thermal storage equipment
Marine equipment inspection
Water softeners
Waste heat recovery devices

Water Treatment and Environmental Equipment

Overview

Contributes to environmental conservation and realization of a recycling-oriented society through advanced water treatment technologies and environmentally compatible equipment.

Competitiveness

Latest high-performance, energy-saving water treatment technologies

Customers

Water and sewage operators
Manufacturing industry
Municipalities
Environmental plant operators
Food processing industry
Chemical industry
Power plants
Recycling companies
Medical facilities
Agriculture-related
Public facilities

Products

Water softeners
Water treatment devices
Exhaust gas removal devices
Filtration devices
Wastewater treatment equipment
Water quality improvement devices
Waste heat utilization devices
Environmental sensors
Membrane treatment systems
Desulfurization devices
Water regeneration equipment
Wastewater purification equipment

Food Processing Equipment

Overview

Provides high-performance cooking and processing equipment to support productivity improvement and quality enhancement in the food industry.

Competitiveness

Product design and support system tailored to industry needs

Customers

Food manufacturers
Food service industry
Food processing factories
Restaurants
Hotels
School meal providers
Junior colleges
Hospital kitchens
School lunches
Food distribution industry

Products

Commercial steam cooking equipment
Steam convection ovens
Steam sterilization devices
Cooking equipment maintenance services
Food processing line equipment

Marine Equipment Inspection and Maintenance

Overview

Provides inspection and maintenance services to support safe and efficient operation of steam equipment for ships.

Competitiveness

Advanced technology and service network domestically and internationally

Customers

Shipping companies
Shipping operators
Shipbuilders
Port management companies

Products

Marine steam boiler inspection
Maintenance services
Marine equipment maintenance
Technical consulting

Energy-Saving and Environmental Technology Development

Overview

Promotes development of the latest technologies and environmentally compatible products toward realization of a decarbonized society.

Competitiveness

Advanced R&D and industry-academia collaboration system

Customers

Industry associations
Government agencies
Research institutions
Manufacturing industry

Products

Hydrogen-fueled boilers
Quantum hydrogen energy-related equipment
Energy-saving control systems
Environmental technology consulting

Heat Exchange Equipment for Industry

Overview

Provides high-efficiency heat exchangers and thermal storage systems to support energy savings and productivity improvement.

Competitiveness

High-performance customized products and technological strength

Customers

Manufacturing industry
Energy industry
Chemical industry

Products

Heat exchangers
Thermal storage devices
Industrial furnace components

Steam Piping-Related Equipment

Overview

Designs and sells piping and control equipment essential for boiler supply systems.

Competitiveness

Optimization and reliability through integrated design

Customers

Boiler installation contractors
Factories
Construction companies

Products

Steam piping design
Steam valves
Control devices

Maintenance and Inspection Services

Overview

Conducts nationwide boiler maintenance and inspections by specialized technicians.

Competitiveness

Comprehensive service network and rapid response

Customers

Factories
Hospitals
Public facilities

Products

Periodic inspections
Emergency response services
Equipment diagnostics

Training and Education Services

Overview

Provides operation and maintenance training for boilers and related equipment to support safe operation.

Competitiveness

Specialized and practical training content

Customers

Customer companies
Technicians

Products

Operation training
Maintenance education
Safety management training

Automation Control Systems

Overview

Develops and provides automation systems for boiler combustion and emissions control.

Competitiveness

Industry-specific control technology

Customers

Factories
Manufacturing industry

Products

Combustion control
Energy-saving systems
Monitoring devices

Environmentally Compatible Product Development

Overview

Promotes development and sales of products compliant with environmental regulations to fulfill social responsibilities.

Competitiveness

High-performance equipment compliant with laws and regulations

Customers

Business sector
Municipalities

Products

Low-NOx combustion equipment
Exhaust gas purification devices
Environmental monitoring devices

Competitive Advantage

Strengths

Top domestic market share in compact once-through boilers
Product development capabilities for environmentally compatible products
Extensive maintenance service network
Long-standing industry recognition and trust
Active investment in technological innovation
Diverse product portfolio
Stable financial base
Expansion into global markets
Customer-oriented sales system
Strategic capital alliances
Contribution to decarbonized society
Practical implementation of advanced hydrogen fuel technology
High product quality and durability
対応 to wide range of industry needs
Support by specialized technicians

Competitive Advantages

Overwhelming share in compact once-through boilers in Japan
Advanced position in environmental technologies (hydrogen fuel and quantum hydrogen energy)
Customer trust gained through nationwide maintenance and service network
Technology integration and new market development through capital and business alliance with Daikin Industries
Comprehensive product lineup adaptable to diverse industrial sectors
Promotion of environmental consideration and sustainability based on corporate philosophy
Product design technology with high performance and excellent energy-saving features
Long-term stable management track record and sound finances
Product development capabilities accurately capturing customer needs
Specialized services in maintenance and inspection of marine equipment

Threats

Risks from sudden changes in energy policies and environmental regulations
Intensifying price competition from domestic and international competitors
Rising manufacturing costs due to global material price fluctuations
Risk of market share contraction due to delays in new technology development
Risk of slow market penetration for hydrogen fuel-related technologies
Possibility of demand decline due to global economic uncertainty
Increased equipment renewal costs due to stricter environmental regulations
Talent acquisition difficulties leading to technology succession issues
Revenue fluctuation risks from exchange rate changes
Production and logistics disruptions from natural disasters

Innovations

2024: Capital and business alliance with Daikin Industries initiated

Overview: Strengthened collaboration by acquiring 49% of Daikin Applied Systems and 4.67% of shares.
Impact: Enhanced competitiveness through technology integration and business expansion

2021: Joint development contract for industrial boilers using quantum hydrogen energy

Overview: Developing revolutionary low-carbon boiler technology together with Clean Planet.
Impact: Contribution to low-carbon society and creation of new markets

2021: Obtained Tokyo certification for low-NOx and low-CO2 small-scale combustion equipment

Overview: First municipal certification for hydrogen-fueled steam boilers.
Impact: Improved environmental performance evaluation of products and sales promotion

2020: Improved energy-saving technology for new compact once-through boilers

Overview: Launched new products with significantly enhanced combustion efficiency and control technology.
Impact: Strengthened market competitiveness and improved customer satisfaction

2022: Development of new membrane technology for water treatment equipment

Overview: Expanded product lineup with improved processing efficiency using high-performance filtration membranes.
Impact: Expanded superiority in water quality improvement field

2023: Introduction of AI-based remote monitoring system

Overview: Real-time monitoring and analysis of boiler operation status to streamline maintenance.
Impact: Reduced maintenance costs and improved failure prevention effects

2024: Development of new hydrogen-fueled steam boiler model

Overview: Launched next-generation model combining operational efficiency and environmental performance.
Impact: Strengthened lineup of environmentally compatible products

2023: Renewal of high-efficiency steam equipment for food processing

Overview: Began sales of equipment adopting new technology that improves cooking efficiency by 20%.
Impact: Expanded adoption in the food industry

2022: Practical implementation of waste heat recovery thermal storage system

Overview: Began providing thermal storage devices to promote reuse of exhaust heat at industrial sites.
Impact: Contributes to energy saving promotion and CO2 reduction

2020: Launch of long-life premium boiler series

Overview: Expanded lineup of products with improved durability and reduced maintenance frequency.
Impact: Contributes to reducing customers' total costs

Sustainability

CO2 emissions zero hydrogen-fueled boiler development and promotion
Revolutionary energy-saving technology creation through quantum hydrogen energy joint development
Reduction of emissions and expansion of environmentally regulated compliant products
Promotion of renewable energy utilization
Adoption of long-life products and recycling design
Promotion of in-house energy-saving and resource-saving activities
Implementation of employee environmental awareness programs
Regional community collaboration for environmental enlightenment activities
Advanced environmental and safety management system
Strengthened environmental consideration in supply chain
Setting goals for waste reduction and improved recycling rate
Setting long-term goals toward realization of decarbonized society