Hisaka Works

Basic Information

Stock Code
6247
Industry
Machinery
Category Detail
Industrial Equipment & Heavy Electrical Apparatus
Prefecture
Osaka Prefecture
Establishment Year
May 1942
Listing Year
November 1971
Official Website
https://www.hisaka.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Win Partners, Nishisho Electric, Nippon Fine Chemical, Cresco, Nichia Steel Industry, Bunka Shutter, Miura Co., Ltd., Takuma Co., Ltd., Ecom, Denkyosha Machine Works, NFK Holdings, Nakakita Manufacturing, Tirado

Overview

Hisaka Works is an industrial machinery manufacturer founded in 1942, boasting the top domestic market share in plate heat exchangers and dyeing machines, with strengths in advanced processing technology and global expansion.

Current Situation

Hisaka Works achieved consolidated sales of 28.4 billion yen in the fiscal year ending March 2021, manufacturing heat exchangers, food machinery, and pharmaceutical equipment primarily at the Koinuma Plant. It holds top-class market share in plate heat exchangers and dyeing machines in the domestic market, and its ball valve business also features high technological capabilities. It operates numerous overseas subsidiaries centered in China and Southeast Asia, enhancing its international competitiveness. It has achieved quality improvements and cost reductions through ISO9001 certification and the consolidation and rationalization of production bases. In recent years, it has pursued business diversification by strengthening the Process Engineering Division and acquiring new subsidiaries. Emphasizing corporate social responsibility, it has transitioned to a company with an Audit and Supervisory Committee to strengthen governance. Moving forward, it aims for sustainable growth through technological innovation and overseas expansion.

Trivia

Interesting Facts

  • Established in 1942, an established company with over 80 years of history
  • Top industry share in domestic plate heat exchangers
  • Developed innovative circular dyeing machine in 1967
  • Actively expanding into food and pharmaceutical machinery
  • International company with numerous subsidiaries and sales offices domestically and abroad
  • Consolidated production bases to Koinuma Plant in 2008, achieving efficiency
  • Strengthened governance by transitioning to Audit and Supervisory Committee
  • Deployed sales and production bases in Southeast Asia
  • Ball valve technology highly evaluated for durability and performance
  • Featured on TV Tokyo's 'Gaia no Yoake' for acquisition defense measures
  • Maintained top domestic share in dyeing machines for many years
  • Business diversification through integration of textile and food machinery technologies
  • Numerous long-term contracts with domestic plant manufacturers for high-quality products
  • Established product quality and management system with ISO9001 certification
  • Established subsidiaries in China and Malaysia for production efficiency

Hidden Connections

  • Related company Microzero Co., Ltd. provides microfabrication technology to complement main technologies
  • Nisshin Steel is a major shareholder, maintaining strong ties in steel procurement
  • Factory consolidation in Higashiosaka strengthens collaboration with regional industrial clusters
  • Subsidiary in Changshu, China, supplies products to local automotive and machinery industries
  • Operates sales bases in Korea, Saudi Arabia, Thailand, Vietnam, and other parts of Asia
  • Koinuma Plant plays a central role in both product R&D and production
  • Unique sealing technology in ball valves differentiated by numerous patents
  • Unlike competitors, strengths in dyeing machines enable superior market competition

Future Outlook

Growth Drivers

  • Increasing demand in overseas markets, especially Asia
  • Focus on energy-saving and environmentally friendly products
  • Enhanced product competitiveness through technological innovation
  • Expansion strategy in food and pharmaceutical fields
  • Production reforms through automation and digitalization
  • Adaptation to strengthening sustainability regulations
  • Active introduction of new materials and technologies
  • Optimization of global supply chain
  • Risk diversification through diversification
  • Expansion of IoT and cloud-linked services
  • Human resource development and organizational strengthening
  • Building sustainable management system

Strategic Goals

  • Expand overseas sales ratio to over 40%
  • Increase environmentally friendly product sales ratio to over 60%
  • Improve production efficiency by 20% using digital technology
  • Expand global sales network and strengthen regional closeness
  • Achieve 10 billion yen in annual sales in new business fields
  • Acquire ISO14001 and other environmental management certifications at all major bases
  • Promote employee diversity and work-life balance
  • Reduce CO2 emissions by 30% through energy savings and waste reduction
  • Shorten product development lead time
  • Continuously strengthen robust governance system

Business Segments

Industrial Heat Exchange Equipment

Overview
Provides highly efficient and energy-saving heat exchange equipment for various industries.
Competitiveness
Top-class domestic market share and high technological capability in heat exchange technology.
Customers
  • Chemical plants
  • Food processors
  • Pharmaceutical manufacturers
  • Textile manufacturers
  • Energy plants
Products
  • Plate heat exchangers
  • Shell & tube heat exchangers
  • Boilers
  • Industrial furnaces

Dyeing Machine Manufacturing

Overview
Provides high-quality and efficient dyeing machines in the textile dyeing field.
Competitiveness
Development of innovative circular dyeing equipment and top domestic market share.
Customers
  • Textile manufacturers
  • Apparel manufacturers
  • Dyeing processors
  • Fashion brands
Products
  • Circular dyeing machines
  • Cheese dyeing machines
  • Continuous dyeing machines

Food and Pharmaceutical Equipment

Overview
Deploys machinery for food and pharmaceuticals with consideration for hygiene.
Competitiveness
Clean equipment design technology compliant with hygiene standards.
Customers
  • Food manufacturers
  • Pharmaceutical companies
  • Medical equipment manufacturers
  • Food processors
Products
  • Food processing heat exchangers
  • Pharmaceutical temperature control equipment
  • Formulation equipment related machinery

Valve Manufacturing and Sales

Overview
Provides high-performance valve products used in industrial plants.
Competitiveness
Valve technology with high corrosion resistance and reliability.
Customers
  • Plant equipment companies
  • Chemical plants
  • Petrochemical companies
  • Power plants
Products
  • Ball valves
  • Control valves
  • Various fittings

Domestic and International Maintenance Services

Overview
Deploys maintenance services domestically and internationally to support long-term operation of products.
Competitiveness
Rapid response and high technological capability.
Customers
  • Existing customers
  • Plant owners
  • Equipment management companies
Products
  • Equipment inspections
  • Maintenance contracts
  • Technical support

Competitive Advantage

Strengths

  • Top-class domestic heat exchanger technology
  • Innovative technology and market share in dyeing machines
  • Diversified product portfolio
  • Global production and sales bases
  • High-quality valve technology
  • Robust R&D system
  • Stable customer base from long-term transactions
  • Abundant know-how of skilled technicians
  • ISO9001 and other quality certifications
  • Active overseas market expansion
  • Stable domestic manufacturing base
  • Well-equipped production facilities such as Koinuma Plant
  • Strong subsidiary network
  • Development of environmentally friendly products
  • High governance system

Competitive Advantages

  • Top domestic manufacturing technology for industrial heat exchangers
  • Innovative technology and market dominance in dyeing machines
  • Ability to provide hygiene-designed equipment for food and pharmaceuticals
  • Regionally tailored services through multinational subsidiaries
  • High durability and performance in ball valves
  • Customization capabilities meeting customer needs
  • Technical consulting based on long-accumulated know-how
  • Cost competitiveness from efficient production system
  • Product longevity and comprehensive after-sales service
  • Early development of environmentally regulated products
  • Expansion of sales networks in Southeast Asia and China
  • Transparency in management and rapid decision-making
  • Risk diversification through diversification
  • Stable business foundation from strong customer relationships
  • Promotion of continuous innovation

Threats

  • Intensifying price competition with domestic and foreign competitors
  • Global risks in parts supply
  • Impact of exchange rate fluctuations on earnings
  • Political and economic instability in emerging markets
  • Competitive lag due to pace of technological innovation
  • Cost increases from stricter environmental regulations
  • Demand decline from global economic slowdown
  • Declining labor population due to aging
  • Rising raw material prices
  • Market fragmentation by new entrants
  • Cybersecurity risks
  • Damage to production bases from natural disasters

Innovations

2023: Development of New High-Efficiency Plate Heat Exchanger

Overview
Launched plate heat exchangers with 15% improved thermal efficiency.
Impact
Improved customer satisfaction through energy savings and cost reductions

2022: Introduction of Automation Technology for Circular Dyeing Machines

Overview
Promoted automation of production lines, significantly improving work efficiency.
Impact
30% reduction in production costs and achievement of uniform quality

2021: Development of Environmentally Friendly Ball Valve Materials

Overview
Adopted new materials that balance corrosion resistance and reduced environmental impact.
Impact
Contributes to extended product life and waste reduction

2024: Launch of Cloud-Linked Maintenance Service

Overview
Started remote monitoring and maintenance service using IoT.
Impact
Improved equipment uptime and enhanced service quality for customers

2020: Expansion of Production Capacity at Chinese Subsidiary

Overview
Expanded the factory of Hisaka (China) Machinery Technology Co., Ltd.
Impact
20% increase in production capacity, strengthening customer response

Sustainability

  • Promotion of energy conservation in manufacturing processes
  • Activities to improve waste recycling rate
  • Reduction of VOC (volatile organic compound) emissions
  • Active adoption of low-environmental-impact materials
  • Employee environmental education and awareness activities
  • Promotion of eco-offices and paperless operations
  • Strengthening environmental considerations in supply chain
  • Enhancement of safety and health management systems
  • Participation in local environmental conservation activities
  • Establishment of sustainable procurement policies
  • Introduction of energy management systems
  • Improvement of wastewater treatment technology