Moriya Transport Machinery Co., Ltd.

Basic Information

Stock Code
6226
Industry
Machinery
Category Detail
Industrial Equipment & Heavy Electrical Apparatus
Prefecture
Kanagawa Prefecture
Establishment Year
March 1950
Listing Year
March 2022
Official Website
https://moriya-elevator.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
NCD, JRC, Sansei, Sisei Technologies, Daifuku, Kato Seisakusho, Tadano, Sinfonia Technology, Mitsubishi Logisnext, Nagano Keiki, Shofu

Overview

Moriya Transport Machinery Co., Ltd. is a machinery manufacturer founded in 1950 that specializes in elevators and conveying machinery, boasting the top share in Japan for freight elevators used in refrigerated and frozen warehouses.

Current Situation

Moriya Transport Machinery Co., Ltd. recorded net sales of approximately 13.5 billion yen and net profit of approximately 1.1 billion yen in the fiscal year ended March 2021, maintaining a solid financial base. Its main product, freight elevators, particularly excels in refrigeration and freezing applications with high technological capabilities, low failure rates, and long product lifespans, establishing strong market competitiveness. It also holds a top-class domestic share in ship elevators and offers proprietary vertical automatic conveyors and explosion-proof elevators. Leveraging ISO 9001 certification and advanced factory facilities, it thoroughly manages quality. It listed on the Tokyo Stock Exchange in 2022, strengthening its funding base, and is advancing new developments and business expansion plans. Moving forward, it will promote product innovation through IoT and safety technology integration and a shift to environmentally friendly products. In the medium to long term, it aims to maintain leadership in the refrigerated logistics and ship markets. It is also exploring disaster prevention and safety technology development as well as overseas expansion to achieve sustainable growth.

Trivia

Interesting Facts

  • Began operations in 1949 primarily manufacturing cranes.
  • Top share in Japan for refrigerated and frozen warehouse elevators.
  • Vertical automatic conveyor 'Mack Lifter' is a proprietary development.
  • Holds high share in ship elevators within the domestic shipbuilding industry.
  • Head office and technical center located in Kanazawa-ku, Yokohama City.
  • Obtained ISO 9001 certification in 2000 to strengthen quality management.
  • High technological capability also in anechoic chamber door manufacturing for special uses.
  • Originally located in Kubo-cho, Nishi-ku, Yokohama City at founding.
  • Supplied elevators to warehouses in Japanese theme parks.
  • Newly listed on TSE Standard Market in March 2022.
  • Manufactures explosion-proof elevators with safety considerations.
  • Also handles various cranes as conveying machinery.
  • Founder Sadao Moriya is one of the major shareholders.
  • Anechoic chamber doors have high electromagnetic shielding performance.
  • Marine elevators require high durability and safety.

Hidden Connections

  • Special-spec elevator door technology is partnered with anechoic chamber operator E&C Engineering.
  • As a member of the Japan Elevator Association, it has influence on safety standard formulation.
  • Holds top share among domestic small freight elevator manufacturers, occupying a unique position in the industry.
  • Holds diverse manufacturing licenses and approvals, enabling product supply to various industries.
  • Crane business technology at founding forms the foundation of conveying machinery business.
  • Head office located in Yokohama Kanazawa Industrial Park, advantageous as logistics and port hub.
  • Major shareholder M2W Co., Ltd. is said to be related to the Moriya family.
  • Marine elevator business has strong ties with top-class share in domestic shipbuilding industry.

Future Outlook

Growth Drivers

  • Expansion in freight elevator demand due to increasing refrigerated and frozen logistics needs
  • Demand for high-performance products amid strengthened marine market safety regulations
  • Advancement of energy-saving and environmentally compatible product development
  • Maintenance efficiency and product innovation through IoT and AI utilization
  • Growth opportunities from product exports to emerging markets
  • Increased demand for new facility construction from domestic construction investment recovery
  • Expansion in replacement and renovation demand for aging equipment
  • Advancement in explosion-proof and special facility product sectors
  • Increased conveying machinery demand from accelerated logistics automation
  • Development of life-support products for aging society

Strategic Goals

  • Maintain and expand domestic share in freight elevator business
  • Develop next-generation elevators with superior energy-saving performance
  • Expand service business utilizing IoT technology
  • Aggressively expand into new overseas markets for sales growth
  • Build product lifecycle with consideration for reducing environmental impact
  • Strengthen safety standards and regulation compliance to gain industry leadership
  • Technological innovation and improved market share in marine-related products
  • Promote coexistence with sustainable local communities
  • Business efficiency through digitalization of products and services
  • Maintain technological strength through high-skill technician development

Business Segments

Logistics Facility Machinery and Equipment

Overview
Provides highly durable and efficient conveying machinery for large logistics facilities.
Competitiveness
Top share in refrigeration and freezing environment adaptation technology
Customers
  • Logistics center operators
  • Warehouse management companies
  • Food and frozen warehouse operators
  • Forklift companies
  • Construction companies
Products
  • Freight elevators
  • Vertical automatic conveyors
  • Hydraulic elevators
  • Rope elevators
  • Automatic conveyor control systems

Marine-Related Equipment

Overview
Provides ship elevators boasting top-class reliability in the shipbuilding industry.
Competitiveness
Specialized technology compliant with high durability and safety standards
Customers
  • Shipyards
  • Shipping companies
  • Ship management companies
Products
  • Marine freight elevators
  • Onboard conveying equipment

Special Facility Equipment

Overview
Manufactures and delivers custom-spec elevators and doors to various facilities.
Competitiveness
Smoke/flame barrier and electromagnetic shielding design technology
Customers
  • Explosion-proof equipment operators
  • Anechoic chamber manufacturers
  • R&D facilities
Products
  • Explosion-proof elevators
  • Anechoic chamber doors

Maintenance and Repair Services

Overview
Offers nationwide maintenance services to support improved uptime.
Competitiveness
Rapid response system and diverse parts procurement capabilities
Customers
  • Elevator owners
  • Building management companies
  • Public facilities
Products
  • Maintenance contracts
  • Periodic inspections
  • Breakdown recovery work

Industrial Crane Manufacturing

Overview
Provides a wide variety of crane equipment to support manufacturing industries.
Competitiveness
High-quality crane technology with custom design capabilities
Customers
  • Factory equipment managers
  • Construction sites
  • Logistics operators
Products
  • Overhead cranes
  • Post-type jib cranes
  • Gantry cranes

Competitive Advantage

Strengths

  • Top domestic market share in refrigerated warehouse elevators
  • Product robustness from years of technical expertise
  • High-quality management with ISO 9001 certification
  • Market responsiveness from diverse product lineup
  • Top-class domestic share in marine elevators
  • Proprietary vertical conveyor 'Mack Lifter' development
  • Strong customer base and extensive after-sales service network
  • Enhanced funding capabilities from TSE listing
  • Special product development capabilities for explosion-proof and anechoic chambers
  • Strong domestic sales network for industrial applications

Competitive Advantages

  • High technological adaptability and reliability in refrigeration and freezing applications
  • Extensive lineup of customizable conveying machinery
  • One-stop provision from maintenance to design and installation
  • Leads domestic small freight lift market
  • Combines advanced safety performance and durability for marine market
  • Versatile industry coverage from crane manufacturing expertise
  • High production efficiency from new factory facilities
  • Reliability from various national certifications and construction business licenses
  • Explosion-proof elevator manufacturing track record with patented technology
  • Responsive maintenance services tailored to customer needs

Threats

  • Intensifying competition from major comprehensive elevator manufacturers
  • Price pressure from overseas low-cost manufacturers
  • Order uncertainty due to sluggish recovery in construction investment
  • Demand contraction risk from population decline
  • Cost increases from rising raw material and parts prices
  • Risk of declining competitiveness from delays in new technology adoption
  • Rising costs for complying with stricter safety regulations
  • Product design constraints from strengthened environmental regulations
  • Impact on production from earthquakes and other natural disasters
  • Threat from technological innovations by new market entrants

Innovations

2023: Development of New Freight Elevator for Refrigerated Warehouses

Overview
Announced a new refrigerated warehouse elevator model with enhanced energy-saving performance.
Impact
Achieves improved product lifespan and reduced failure rate.

2022: Release of Upgraded Vertical Automatic Conveyor 'Mack Lifter'

Overview
Introduced new model with enhanced conveying speed and safety features.
Impact
Logistics efficiency improved by approx. 20%.

2021: Improved Smoke and Flame Barrier Performance for Explosion-Proof Elevators

Overview
Revamped high-performance explosion-proof door design technology to enhance safety.
Impact
Increased adoption in special facilities.

2024: Trial Introduction of IoT Sensor-Equipped Elevators

Overview
Prototyped next-generation model capable of anomaly detection and operational data collection.
Impact
Expected to contribute to maintenance efficiency and failure prevention.

Sustainability

  • Promoting waste reduction through improved product durability
  • Strengthening development of energy-saving products
  • Measures to reduce environmental impact from factory wastewater and emissions
  • ISO 14001 certification and enhanced environmental management
  • Local environmental beautification activities and tree-planting events