Marumae

Basic Information

Stock Code
6264
Industry
Machinery
Category Detail
Manufacturing Machinery & Electrical Equipment
Prefecture
Kagoshima Prefecture
Establishment Year
October 1988
Listing Year
December 2006
Official Website
https://www.marumae.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
T-BASE, Shinkuro, Migaro HD, Disco, Roctec, Kokussai Electric, Ulvac, Advantest, Japan Micronics, Lasertec, Tokyo Seimitsu, SCREEN Holdings, Tokyo Electron

Overview

Marumae is a major player in the machinery industry, headquartered in Izumi City, Kagoshima Prefecture, founded in 1988, specializing in the design and manufacturing of parts for semiconductor, FPD, and solar cell production equipment.

Current Situation

Marumae recorded net sales of 8.585 billion yen and operating profit of 2.361 billion yen for the fiscal year ended August 2022, maintaining solid management. As the only Tokyo Stock Exchange Prime-listed company in the region, it leads the local economy. Primarily engaged in precision parts processing for semiconductor and LCD manufacturing equipment, it also operates in solar cell manufacturing equipment. Since its listing on the Tokyo Stock Exchange Mothers in 2006, it transitioned to the First Section in 2018, expanding its credibility and scale in the market. Following the closure of its Kumamoto operations, it is promoting business efficiency and restructuring, focusing on strengthening technological capabilities. It continues new equipment investments and technology development, pursuing competitive advantages through high-precision machining technology. It actively participates in developing environmentally friendly manufacturing equipment and sustainable initiatives. Moving forward, it aims to strengthen its business foundation and expand the market in response to fluctuations in demand for manufacturing equipment and global semiconductor investment trends. Management positions regional revitalization and global expansion as strategic priorities.

Trivia

Interesting Facts

  • Kagoshima Prefecture's only Tokyo Stock Exchange Prime-listed company, representing the region.
  • Highly regarded domestically and internationally for high-precision parts for semiconductor manufacturing equipment.
  • Founded in 1988, but predecessor traces back to a 1965 ironworks.
  • Overcame bankruptcy crisis through successful business rehabilitation ADR procedures.
  • Also handles solar cell manufacturing equipment parts, contributing to environmental fields.
  • Strengthened production system through collaboration between regional factories and metropolitan area offices.
  • Possesses nano-level machining precision technology for semiconductors.
  • Clean room compatible products are well-received, expanding market share.
  • Promoted from Tokyo Mothers to the First Section market.
  • President Shunichi Maeda is a major shareholder, supporting stable management.
  • Focused on business efficiency after closing Kumamoto operations.
  • Implements engineer training programs in collaboration with local community.
  • Early adoption of 3D printing for improved machining precision.
  • Promoting new market development through environmentally responsive product development.
  • Achieved reduced product failure rates and improved reliability through new technology adoption.

Hidden Connections

  • Maintains long-standing strong trading relationships with major domestic semiconductor manufacturing equipment companies.
  • Implements proprietary engineer training programs for Kagoshima Prefecture's regional revitalization.
  • Collaborates with other companies in environmental technology to advance research and development of energy-saving parts.
  • Expanding market share in specific parts for semiconductor exposure equipment within the industry.
  • Post-rehabilitation, coordinates with trading partners to strengthen the industry chain.
  • Expanding parts exports to major overseas manufacturing equipment makers.
  • Collaborates with universities and public research institutions to develop next-generation machining technologies.
  • Contributes to strengthening the regional industry's technological foundation through collaboration with other local machinery manufacturers.

Future Outlook

Growth Drivers

  • Expanding growth demand in semiconductor and FPD industries domestically and internationally
  • Rising market value of high-precision, high-reliability parts machining technology
  • Expansion into solar cells and renewable energy fields
  • Increasing demand for environmentally friendly products amid stricter environmental regulations
  • Improved production efficiency through digitalization and automation technology adoption
  • Stable management and talent securing through local-oriented operations
  • Global customer expansion and new market development
  • Diversification of parts specifications accompanying advancement of industrial machinery
  • Strengthened customer loyalty through differentiation in product quality and technological innovation
  • Stable orders from ongoing long-term manufacturing equipment investments
  • Improved corporate evaluation through sustainability and ESG compliance
  • Potential for new business creation through AI and IoT technology utilization

Strategic Goals

  • Achieve 30% market share expansion domestically and internationally
  • Raise environmentally friendly product sales ratio to over 50%
  • Full deployment of manufacturing process digitalization and automation
  • Nationwide rollout of regional engineer training programs
  • Establishment and maintenance of resource- and energy-saving manufacturing processes
  • Expand new business sales to 20% of total
  • Rank in top 3 in industry customer satisfaction surveys
  • Consider establishing local production bases in key overseas markets
  • Strengthen and optimize supply chain risk management
  • Become a top regular in ESG rankings among domestic machinery industry

Business Segments

Semiconductor Manufacturing Equipment Parts Business

Overview
Provides high-precision parts for semiconductor manufacturing equipment, supporting production processes.
Competitiveness
Strength in high-precision cutting technology and rigorous quality control.
Customers
  • Semiconductor manufacturing equipment manufacturers
  • Semiconductor manufacturers
  • Electronic component manufacturers
  • Precision machinery manufacturers
  • Research institutions
Products
  • High-precision stainless steel parts
  • Vacuum chamber parts
  • Nano-machined parts
  • Clean room parts
  • Equipment module parts

LCD/FPD Manufacturing Equipment Parts Business

Overview
Manufactures parts combining durability and precision for LCD panel manufacturing equipment.
Competitiveness
Diverse customization capabilities for the LCD industry.
Customers
  • LCD manufacturing equipment manufacturers
  • Display manufacturers
  • Electronic device manufacturers
  • Research and development facilities
Products
  • Glass substrate transfer parts
  • Precision positioning device parts
  • Special cleaning parts
  • Transfer belt parts
  • Optical adjustment mechanism parts

Solar Cell Manufacturing Equipment Parts Business

Overview
Supplies highly reliable parts for solar cell manufacturing equipment, supporting environmental business growth.
Competitiveness
Utilization of environmentally friendly manufacturing technology.
Customers
  • Solar cell manufacturing equipment manufacturers
  • Renewable energy manufacturers
  • Research institutions
  • Environmental companies
Products
  • Cell processing precision parts
  • Inspection equipment parts
  • Substrate transfer parts

Precision Machining Contract Services

Overview
Provides optimal precision machining services to a wide range of industries, solving technical challenges.
Competitiveness
Extensive material knowledge and machining expertise.
Customers
  • Machinery and equipment manufacturers
  • Electronic device development companies
  • Prototype development companies
  • Research institutions
  • Mold manufacturers
Products
  • Custom parts machining
  • Design support
  • Prototype machining
  • High-difficulty machining services

Parts Maintenance and Support Business

Overview
Provides comprehensive parts and technical support necessary for equipment maintenance.
Competitiveness
Rapid response and on-site oriented services.
Customers
  • Manufacturing equipment users
  • Facility management companies
  • Maintenance service companies
Products
  • Parts repair
  • Equipment maintenance parts supply
  • Technical consulting

Competitive Advantage

Strengths

  • Advanced technological expertise specialized in precision machining
  • The only Tokyo Stock Exchange Prime-listed company in the region
  • Parts supply to a wide range of manufacturing equipment sectors
  • Fusion of local roots and global needs
  • Abundant manufacturing experience and ongoing technological innovation
  • Establishment of rigorous quality control systems
  • Maintenance of long-term customer relationships
  • Promotion of environmentally friendly manufacturing
  • Strengthened management foundation through business rehabilitation ADR
  • Flexible response to diverse machining needs
  • High expertise of engineers and training systems
  • Active contributions to regional economic revitalization
  • Competitive edge from accumulated know-how over the years
  • Introduction of latest equipment and in-house developed technologies
  • Improved customer satisfaction through customization

Competitive Advantages

  • Reliability as Kagoshima Prefecture's only Tokyo Stock Exchange Prime-listed company
  • Broad product lineup for semiconductor, FPD, and solar cell equipment unmatched by competitors
  • High-quality realization through advanced precision parts machining technology
  • Active efforts in sustainable manufacturing processes
  • Stable customer base and long-term partnerships
  • Flexible development response to diverse needs
  • Value-added proposals based on understanding of entire manufacturing processes
  • Stable workforce secured through local-oriented management
  • Sustainable business through solid financial foundation post-restructuring
  • Maintaining and enhancing competitiveness through latest technology adoption
  • Agility in adapting quickly to industry trends
  • High repeat rate due to strong customer evaluations
  • Sense of security from comprehensive product quality inspection systems
  • Tailwinds from growth in domestic and international semiconductor/FPD industries
  • Risk diversification and new market development through diversification

Threats

  • Impact from global semiconductor demand fluctuations
  • Concerns over intensifying competition from new entrants
  • Rising raw material prices and unstable procurement
  • Profit pressure from exchange rate fluctuations
  • Need for early response to rapid technological innovations
  • Potential impact on production sites from natural disasters
  • Impact from customer business restructuring or reduced capital investment
  • Price competition with overseas manufacturing equipment makers
  • Regulatory tightening from industry policies or legal amendments
  • Challenges in maintaining production due to labor shortages
  • Supply chain disruption risks
  • Burden of regulatory compliance amid rising environmental awareness

Innovations

2023: Introduction of High-Precision Nano Machining Technology

Overview
Introduced the latest nano machining equipment to improve precision in micro parts processing.
Impact
Successfully improved yield rates for semiconductor parts and achieved higher value-added products.

2022: Establishment of Environmentally Friendly Manufacturing Processes

Overview
Developed energy-saving equipment and waste reduction technologies.
Impact
Achieved 15% reduction in CO2 emissions and cost savings.

2021: Development of IoT-Integrated Machining Monitoring System

Overview
Deployed a system capable of real-time monitoring of equipment operation status.
Impact
Achieved 10% improvement in production efficiency and reduced defect rates.

2024: Enhanced Parts Design for Next-Generation Semiconductors

Overview
Updated high-function parts design technology for the latest semiconductor production lines.
Impact
Successfully acquired new customers and large orders.

2020: Shortened Prototyping with 3D Printing Technology

Overview
Utilized high-precision 3D printers to significantly shorten prototyping periods.
Impact
Reduced development lead time by 30%.

2023: Adoption of New Materials for Clean Rooms

Overview
Began utilizing new materials with superior corrosion and wear resistance in products.
Impact
Extended product lifespan and improved quality.

2022: Setup of Automated Machining Lines

Overview
Introduced automation technology to improve production efficiency and reduce human errors.
Impact
Achieved 20% improvement in production efficiency and cost reductions.

2021: Enhanced Global Customer Support Services

Overview
Expanded technical support and short delivery systems for overseas customers.
Impact
Increased overseas sales and improved customer satisfaction.

2023: Advanced Safety and Health Management

Overview
Introduced factory safety management systems to improve the work environment.
Impact
Reduced workplace accidents and improved employee satisfaction.

2024: Improved Design Quality Using Digital Twins

Overview
Enhanced product quality through virtual part design verification in digital spaces.
Impact
Reduced design changes and shortened time-to-market.

Sustainability

  • Introduction of energy-saving equipment to reduce CO2 emissions
  • Active efforts to improve waste recycling rates
  • Development of new materials and technologies with low environmental impact
  • Support and participation in regional environmental conservation activities
  • Advanced environmental quality management in clean rooms
  • Sustainable workplace environment through enhanced labor safety and health
  • Promotion of environmental standard compliance in supply chains
  • Practice of resource and energy conservation in technology development
  • Ongoing employee environmental awareness education
  • Promotion of environmental load reduction through product longevity
  • Efficiency and resource reduction through digitalization of manufacturing processes
  • Cooperation in biodiversity conservation through regional tree-planting activities