Mimaki Engineering

Basic Information

Stock Code: 6638
Industry: Electrical Equipment
Category Detail: Manufacturing Machinery & Electrical Equipment
Prefecture: Nagano Prefecture
Establishment Year: August 1975
Listing Year: March 2007
Official Website: https://japan.mimaki.com/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Nihon Nohyaku, Migaro HD, Zuiko, Tokyo Kikai Seisakusho, Komori Corporation, Helios Techno Holdings, Tirado, Musashi, MUTOH Holdings

Overview

Mimaki Engineering is an electrical equipment manufacturer established in 1975, with industrial large-format inkjet printers and cutting plotters as its main products. It leads the market with its development capabilities for diverse printing machines and global expansion.

Current Situation

As of the end of March 2022, Mimaki Engineering achieved consolidated sales of approximately ¥52.4 billion, building a stable business base centered on industrial large-format inkjet printers, cutting plotters, and 3D printers. It has strengths in printing on a wide variety of materials through its proprietary print-related technologies, maintaining competitiveness within the manufacturing machinery and electrical machinery industry. It has multiple bases domestically and internationally, actively expanding sales particularly in Europe, the Americas, and Asia. In recent years, it has strengthened technology development for 3D printers and full-color 3D printers, promoting new market development. It also considers sustainability, introducing technologies to reduce environmental impact and establishing a corporate structure that fulfills social responsibilities. In the medium to long term, it has set a growth strategy aiming for sales of ¥150 billion, investing in new product development and overseas market expansion. It continues to strengthen its position in the industry through solid management and technological innovation, enhancing its presence in the global market.

Trivia

Interesting Facts

Special sponsor for Ueda Electric Railway train body wrapping.
Business started in 1975 with assembly of quartz crystal oscillators for watches.
Pioneer in practical implementation of the industry's first full-color UV 3D printer.
Developed overseas markets with print technology for diverse materials.
Headquartered in Higashimurayama City, Nagano Prefecture, as a regionally rooted manufacturing company.
Acquired a factory from Panasonic Communications, established in 1965.
TSE Prime listed company with audit and supervisory committee.
Global production and sales system including subsidiaries.
Wide compatibility with industrial printing through diverse ink technologies.
Holds numerous patents on full-color 3D printer technology.
Actively participates in trade shows domestically and internationally for product promotion.
Focuses on sign graphics and textile fields.
Comprehensive training programs for educational institutions.
Multiple overseas bases to meet regional needs.
Aggressively expanding overseas business since the 1990s.

Hidden Connections

Handles Ueda Electric Railway train body wrapping, maintaining deep ties with the local community.
Acquired a factory from Panasonic Communications to strengthen its business foundation.
Intense industry competition with Komori Corporation and others in diverse printing machinery production.
Environmentally friendly ink technology is influencing industry standardization.
3D printer business is advancing technological integration with conventional 2D printer operations.
Holds the highest market share in Japan for compact UV printers.
Diverse product lineup attracting attention from various industries.
Recently focusing on environmental sustainability, gaining high evaluation domestically and internationally.

Future Outlook

Growth Drivers

Expansion of industrial large-format printer market and technological innovation
Expansion of diverse industrial applications for 3D printer technology
Strengthened sales in overseas emerging markets
Increased demand for eco-products due to environmental regulations
Demand growth from digital signage market expansion
Improved technology for material diversification
Customization capabilities responsive to customer needs
Advancement of digitalization in manufacturing
Growing societal interest in sustainable product development
Strengthened online sales and service systems
Development of smart printers using IoT technology

Strategic Goals

Achieve ¥150 billion in sales
Establish market leadership in full-color straight UV 3D printers
Reduce environmental impact of all product lineups by 30%
Maintain and expand overseas sales ratio above 50%
Strengthen Environmental, Social, and Governance (ESG) standards
Optimize production bases and promote digitalization
Diversify revenue through new business investments
Enhance corporate value through collaboration with local communities
Maximize product customization and customer satisfaction
Promote diversity among employees and work style reforms

Business Segments

Industrial Printing Machinery Sales

Overview

Provides high-performance printers and related consumables to the advertising, packaging, and printing industries.

Competitiveness

Material compatibility technology and consistent product supply system

Customers

Advertising Agencies
Sign Makers
Printing Companies
Packaging and Package Manufacturers
Outdoor Advertising Companies
Decoration and Display Companies
Automotive-Related Companies
Lighting Equipment Manufacturers

Products

Inkjet Printers
Cutting Plotters
Printer Consumables
Printer Inks
UV-Curable Inks
Print Management Software

Industrial 3D Printer Business

Overview

Provides 3D modeling equipment and materials for industrial fields, along with technical support.

Competitiveness

High-resolution printing with full-color straight UV method

Customers

Automotive Parts Manufacturers
Precision Equipment Manufacturers
Research and Development Institutions
Prototype Manufacturers
Architectural Design Firms

Products

Full-Color 3D Printers
3D Print Materials
3D Printer Maintenance Services

Original Product Development Support

Overview

Customization and support of print systems tailored to customer specifications.

Competitiveness

Flexible product development and technical proposal capabilities

Customers

Corporate Manufacturing Departments
OEM Manufacturers
Small-Lot Specialists
Design Offices

Products

Custom Inks
Print Processing Equipment
Control Software

Overseas Sales and Support Business

Overview

Expands sales and maintenance in the global market.

Competitiveness

Rapid support system in collaboration with local subsidiaries

Customers

Overseas Printing Equipment Retailers
Local Agents
Global Advertising Companies

Products

Industrial Printer Bodies
Consumables and Parts
Technical Support Services

Services for Educational and Research Institutions

Overview

Provides equipment for education and research purposes and conducts technical training.

Competitiveness

Education support programs leveraging industry technology

Customers

Universities
Vocational Schools
Research Institutions
Public Facilities

Products

Educational Printer Equipment
3D Printing Equipment
Training Programs

Competitive Advantage

Strengths

High-performance printing technology compatible with diverse materials
Proprietary full-color straight UV technology
Global sales and service network
Advanced manufacturing technology and quality control system
Extensive product lineup
Strong customer base and long-term relationships
Development of environmentally friendly inks
Rapid technical support system
High market share in industrial printer market
Overseas subsidiaries in multiple countries
Comprehensive maintenance services
Continuous technological innovation since establishment
Agile development organization
Collaborations across various manufacturing industries
Acquisition of ISO and other quality assurance certifications

Competitive Advantages

Pioneering position in full-color 3D printers
Multi-functional and high-precision inkjet technology
Product lineup adaptable to diverse industries
Strong sales and service network overseas
Customization capabilities and flexibility
Active adoption of technologies to reduce environmental impact
High product lifespan and reliability
Continuous investment in R&D
Comprehensive customer support and after-sales service
Optimized print control through proprietary software
Product deployment for various sizes and applications
Leadership in advancing digital printing technology
Integration of material development and print technology
Short delivery times and high-quality manufacturing processes
Global support with multi-language capabilities

Threats

Global economic uncertainty due to COVID-19
Geopolitical risks at overseas bases
Intensifying competition to keep pace with technological innovation speed
Risk of fluctuating raw material prices
Intensified market competition from new entrants
Cost increases due to stricter environmental regulations
Profit pressure from exchange rate fluctuations
Supply constraints from semiconductor shortages
Increasing customer bargaining power on prices
Need to respond to rapid changes in digital technology
Impact of international trade friction
Cybersecurity risks

Innovations

2023: Announcement of New Full-Color UV 3D Printer Model

Overview: Released the 3DUJ-2207, capable of high-resolution and high-speed printing.
Impact: Contributes to strengthening competitiveness in the 3D printer market.

2022: Development of Environmentally Friendly Eco-Solvent Ink

Overview: Promotes widespread adoption of ecological products that reduce VOC emissions.
Impact: Meets customer environmental needs and expands competitive advantage.

2021: Renewal of High-Durability UV Ink Technology

Overview: Practical implementation of inks resistant to UV light and friction with long lifespan.
Impact: Enhances product value for outdoor and industrial applications.

2024: Development of New Software for Digital Printing

Overview: Improves image processing quality and optimizes print speed.
Impact: Contributes to business efficiency and improved customer satisfaction.

2023: Improvement of Multi-Material Compatible Flatbed Printers

Overview: Enhances thick material compatibility to expand applications and product diversity.
Impact: Technological innovation contributing to new market development.

Sustainability

Development and promotion of VOC-reducing eco-inks
Improved energy efficiency in manufacturing processes
Introduction of recyclable ink cartridges
Environmental conservation activities in collaboration with local communities
Reduction of environmental impact in the supply chain
Product design reforms aimed at waste reduction
Employee environmental education programs
Promotion of sustainable material procurement
Product development with CO2 emission reduction in mind
Strengthened environmental management system through ISO14001 certification
Active compliance with green procurement standards
Promotion of paperless operations within the company