TOYO Innovex

Basic Information

Stock Code
6210
Industry
Machinery
Category Detail
Manufacturing Machinery & Electrical Equipment
Prefecture
Hyogo Prefecture
Establishment Year
May 1925
Listing Year
May 1949
Official Website
https://www.toyo-mm.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Japan Steel Works, Shibaura Machine, Nissei ASB Machine, Kawata, Nissei Plastic Industrial, Placo, Kel, Kanox, Tahei

Overview

TOYO Innovex is a long-established machinery industry company founded in 1925, centered on the manufacture of injection molding machines and die-casting machines. It has strengths in the plastic processing machinery sector and demonstrates high competitiveness both in Japan and overseas.

Current Situation

TOYO Innovex, in fiscal 2023, maintains stable performance with its core business of manufacturing and selling injection molding machines and die-casting machines. It possesses advanced technological capabilities particularly in the plastic processing and molding machinery field, securing a certain market share in parts for automobiles and IT equipment. In recent years, it has strengthened overseas expansion through the subsidiary acquisition of an Italian company, aiming to enhance global competitiveness. While striving to secure profits in a fiercely competitive environment with rivals, it is promoting product performance improvements through technological innovation. On the environmental front, it is developing energy-saving machines and reducing environmental impact, fulfilling its responsibilities as a sustainable manufacturing company. From 2025 onward, while closely monitoring domestic and international demand trends, it is focusing on developing molding machines compatible with new materials and smart factory transformation through IoT utilization, unfolding mid- to long-term growth strategies. In terms of human resources, it is advancing organizational rejuvenation and engineer training, building a structure adaptable to diversifying customer needs. It is also strengthening responses to market fluctuations and exchange rate risks to stabilize its business.

Trivia

Interesting Facts

  • Long history as a leading domestic manufacturer of injection molding machines
  • Significantly strengthened competitiveness in European market through Italian company acquisition
  • Holds multiple patents in the plastic processing machinery field
  • Regional company with headquarters and main production bases in Hyogo Prefecture
  • One of the leading companies in energy-saving technology in the manufacturing industry
  • One of the few companies in the industry with multiple overseas subsidiaries
  • Actively promoting digitalization of manufacturing sites with focus on IoT technology development
  • Specializes in high-precision mold components manufacturing
  • Gradually expanding ratio of environmentally compatible products
  • Comprehensive employee training programs within the industry
  • Product lineup specialized particularly in molding machinery within manufacturing machinery industry
  • Regularly featured in Nikkei newspaper and other attention news
  • Capable of serving from SMEs to major customers compared to competitors
  • High customer satisfaction indicated by many long-term contract customers
  • Recently implemented company name change and brand refresh

Hidden Connections

  • Secures stable supply by procuring many major machinery parts from related listed companies domestically and internationally
  • Regularly holds technology information exchange meetings with peers like Kanox and Kel
  • Actively participates in Hyogo Prefecture manufacturing company collaborations, contributing to regional industry promotion
  • Utilizes domestic bases for rapid response in manufacturing equipment maintenance
  • Italian subsidiary plays key role as product development base for European market
  • Collaborates with multiple local universities on materials and molding technology R&D
  • Holds multiple patents on smart manufacturing site applications as foundation for future technologies
  • Several major competitors have bases in the same Hyogo Prefecture, intensifying regional competition

Future Outlook

Growth Drivers

  • Increasing demand for advanced molding machines in global automotive industry
  • Expansion of high-precision molding technology for IT equipment manufacturing
  • Expansion of energy-saving machinery needs due to strengthened environmental regulations
  • New business creation through smart factory transformation promotion
  • Aggressive subsidiary expansion and sales channel growth in overseas markets
  • Development of new material and nanomaterial compatible machinery
  • Competitiveness enhancement through digital control technology and IoT utilization
  • Diversification of demand from DX promotion in manufacturing industry
  • Improvement of customization capabilities tailored to customer needs
  • Investment recovery from stabilization of domestic and international political and economic trends
  • Innovation creation through technology collaborations and joint research
  • Market expansion of energy-saving law regulation compliant products

Strategic Goals

  • Maintain top domestic share in injection molding machine field
  • Expand overseas sales ratio to over 50%
  • Achieve over 80% ratio of environmentally compatible products
  • Deploy smart factory systems domestically and internationally
  • Open new markets with new material compatible machinery
  • Continue annual technology development investment over ¥10 billion
  • Organizational reform through employee diversity and technology strengthening
  • Supply chain resilience enhancement and environmental impact reduction
  • Business development emphasizing coexistence with local communities
  • Build management foundation for mid- to long-term sustainable growth

Business Segments

Automotive Parts Manufacturing Support

Overview
Provides parts molding equipment for the automotive manufacturing industry, supporting high precision and productivity improvements.
Competitiveness
High-quality products backed by long industry track record and advanced technology
Customers
  • Automobile manufacturers
  • Automotive parts suppliers
  • Secondary processors
Products
  • Injection molding machines
  • Die-casting machines
  • Related mold components
  • Peripheral automation equipment

IT and Electronics Parts Manufacturing

Overview
Provides high-precision molding machines for IT equipment parts to achieve fine processing.
Competitiveness
Technology and quality control specialized in precision molding
Customers
  • Electronics manufacturers
  • Precision equipment manufacturers
  • Electronics parts manufacturers
Products
  • Compact injection molding machines
  • Precision mold components
  • Automatic material supply devices

Metal Processing Industry

Overview
Addresses diverse metal processing needs with metal presses and casting machines.
Competitiveness
Versatility and stability compatible with various metal materials
Customers
  • Metal parts manufacturers
  • Manufacturing processors
Products
  • Metal press machines
  • Casting molding machines

Environment and Energy-Saving Related Business

Overview
Provides devices supporting factory energy savings and environmental regulation compliance.
Competitiveness
Product development capabilities compliant with environmental regulations
Customers
  • Various manufacturing companies
  • Factory equipment managers
Products
  • Energy recovery units
  • Waste heat recovery devices
  • High-efficiency motors

Manufacturing Site Automation and Smart Factory

Overview
Provides all automation equipment aimed at improving manufacturing process efficiency and quality.
Competitiveness
Smart system construction capabilities utilizing IoT
Customers
  • Molding factories
  • Production line operators
Products
  • Automatic transfer devices
  • Process inspection robots
  • Remote monitoring systems
  • Control software

Education and Maintenance Services

Overview
Machine operation technology guidance and long-term stable operation support services.
Competitiveness
Comprehensive support system by experienced engineers
Customers
  • Existing customers
  • Newly introducing companies
Products
  • Operation training programs
  • Maintenance contracts

New Materials and Advanced Materials Business

Overview
Provides next-generation material molding technology to support R&D markets.
Competitiveness
Specialized knowledge and technical flexibility
Customers
  • Polymer material manufacturers
  • Nano material development companies
Products
  • Nano composite molding machines
  • Polymer kneading machines

Competitive Advantage

Strengths

  • Advanced injection molding technology
  • Long manufacturing track record and reliability
  • Global competitiveness through overseas expansion
  • Diverse product lineup
  • Promotion of environmentally compatible technology
  • Customer-oriented technical support
  • Active investment in smart manufacturing
  • Stable financial base
  • Supply record to wide range of industries
  • High-precision mold components manufacturing technology
  • Flexible customization response
  • Abundant education and maintenance services
  • Extensive experience of in-house engineers
  • Strong sales and agency network
  • Provision of environmental regulation compliant products

Competitive Advantages

  • High market share in plastic processing machinery field
  • Product development specialized for automotive and IT parts
  • Strengthened technology and products through acquisition of Italian company
  • Provision of environmentally friendly machines with superior energy-saving performance
  • Incorporation of advanced control devices and IoT technology
  • Customer contact expansion utilizing diverse sales channels
  • High repeat rate achieved through strong customer support system
  • Competitive edge from integrated supply of molding machines and mold components
  • Enriched region-based technical training and implementation support
  • Leading smart factory initiatives ahead of competitors
  • Application expansion capabilities to wide metal processing fields
  • Effective overseas market entry through subsidiary acquisitions
  • Rapid product improvement capabilities for strengthening environmental regulations
  • High energy efficiency technology in injection molding machines
  • Long-term sustainable low-maintenance design

Threats

  • Impact of global economic fluctuations
  • Cost pressures from exchange rate fluctuations
  • Rise of overseas competitors such as China
  • Risk of rising material prices
  • Decline in competitiveness due to delays in new technology adoption
  • Procurement delays for equipment parts due to semiconductor shortages
  • Increased manufacturing costs from strengthened environmental regulations
  • Demand fluctuations from customer overseas production shifts
  • Delays in adapting to rapid digitalization
  • Technology succession issues due to talent acquisition difficulties
  • Profit pressures from rising maintenance service costs
  • Supply chain impacts from geopolitical risks

Innovations

2023: Technology Integration through Italian Company Acquisition

Overview
Acquired a prominent European machinery manufacturer as a subsidiary to strengthen technology and product lines.
Impact
Significantly improved global expansion and product competitiveness

2022: Development of Energy-Saving Injection Molding Machine

Overview
Introduced environmentally compatible model achieving 30% reduction in power consumption.
Impact
Contributes to customers' environmental regulation compliance and cost reductions

2021: Launch of IoT-Equipped Smart Molding Machine

Overview
Adopted new control system enabling remote monitoring and operation optimization.
Impact
Achieved 15% productivity improvement and predictive maintenance

2024: Practical Implementation of High-Precision Nano Composite Molding Machine

Overview
Launched advanced material compatible molding machine to open new markets.
Impact
Acquires new customers through high-performance material processing

2020: Advanced Automatic Material Supply System

Overview
Developed automatic material supply machine compatible with labor savings and unmanned operation.
Impact
Contributes to factory automation and productivity improvements

2023: Introduction of Low-Environmental Impact Die-Casting Machine

Overview
Launched new model balancing reduced emissions and energy efficiency.
Impact
Achieves both environmental regulation compliance and cost control

2024: Start of Smart Factory Construction Support

Overview
Began providing optimization services for manufacturing sites using IoT and robot technology.
Impact
Supports 30% productivity improvement for customers

2021: Introduction of High-Efficiency Mold Cooling Technology

Overview
Renewed cooling control technology aimed at improving molding quality.
Impact
Successfully reduced molded product defect rate by 20%

2022: Cloud Compatibility for Remote Monitoring System

Overview
Built smartphone-based operation monitoring and anomaly notification system.
Impact
Contributes to faster maintenance and improved uptime

2020: In-House Development of High-Efficiency Motors

Overview
Began in-house production of energy-saving motors for molding machines.
Impact
Strengthens product competitiveness and reduces costs

Sustainability

  • Development and promotion of energy-saving machinery
  • Promotion of waste heat utilization in manufacturing processes
  • Expansion of environmentally friendly product lineup
  • Setting CO2 emission reduction targets at factories
  • Active efforts to improve waste recycling rate
  • Establishment of rapid response system to environmental regulations
  • Strengthening in-house environmental education and awareness activities
  • Annual publication of environmental reports and information transparency
  • Sustainable supply chain management
  • Promotion of ISO14001 certification acquisition and maintenance activities
  • Continuous investment in energy-saving technology development
  • Equipment renewal for reducing environmental impact