Mirai Industry

Basic Information

Stock Code
7931
Industry
Chemicals
Category Detail
Semiconductors & Electronic Components
Prefecture
Gifu Prefecture
Establishment Year
August 1965
Listing Year
September 2006
Official Website
https://www.mirai.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Nippon Dentech, Tommen Device, Technisco, Nippon Advanced Paper Industry, Nippon High Purity Chemicals, Nippon Seisen, Zuiko, Trinity Industrial, Rion, Nitto Denko, KOA, Jecos

Overview

Mirai Industry is a specialized manufacturer of electrical equipment materials founded in 1965, and is an industry leader boasting unique in-house rationalization and a high market share.

Current Situation

Mirai Industry recorded consolidated sales of 45.113 billion yen and operating profit of 6.897 billion yen for the fiscal year ending March 2025, maintaining a stable financial base. It holds a high market share in its mainstay products such as electrical conduits and wiring boxes, and operates nationwide with its base in Gifu Prefecture. It is characterized by waste elimination within the company and efficient business operations, achieving a high-profit structure with all employees as full-time workers. In technology development, it promotes resin mold design and automatic machine design through group subsidiaries. It actively addresses environmental burden reduction and work-style reforms, maintaining high labor environment evaluations and a childcare leave system of up to 3 years. Toward 2030, it has set strategic goals of further market expansion, business efficiency improvement, and strengthened collaboration within the group. Recently, while focusing on measures against rising raw material prices, it anticipates room for profit margin improvement, with stable growth expected.

Trivia

Interesting Facts

  • Attaches employee name tags to in-house fluorescent lights for thorough power-saving management
  • Ingenious management attracting over 2,000 corporate study tours annually
  • Founder Akiyoshi Yamada is a pioneer in creating white-collar companies
  • All employees are full-time, with no dispatched or part-time workers
  • Working hours 7 hours 15 minutes, zero overtime, 140 holidays achieved
  • Region-rooted type consistently headquartered in Gifu Prefecture since founding
  • Unified extensive group companies through merger
  • Stable performance with 'Only 1' rationalization concept
  • Cost-saving and efficiency initiatives featured on TV programs
  • Unique cost-saving culture is an exceptional success case in the industry

Hidden Connections

  • Close management collaboration with parent company Mirai Corporation integrates the group
  • Contributes to local economy through manufacturing network linked with regional SMEs
  • Featured on TV Tokyo economic programs, contributing to brand recognition
  • Received greening excellence factory award from local government through thorough environmental investments
  • Work-style reform success example featured multiple times in economic magazines and books
  • Existence of investment nurturing company as major shareholder strengthens stable management foundation
  • Group companies include internet provider and telecommunications businesses
  • All factory workers are full-time employees, contributing to regional employment stability

Future Outlook

Growth Drivers

  • Stable demand for electrical installation materials in housing and construction markets
  • Expansion of eco-product demand due to stricter environmental regulations
  • Utilization of group manufacturing and technology synergies
  • Product value enhancement through IoT and automation technologies
  • Region-rooted management supporting local revitalization
  • Employee satisfaction improvements contributing to productivity
  • High-functionalization of resin materials and new applications
  • Workplace environment improvements in response to work-style reform laws
  • Diversification of demand in architectural piping equipment market
  • Market expansion for safety-related products
  • Increase in public works related to government and public offices
  • Demand for communication wiring materials due to digitalization needs

Strategic Goals

  • Maintain top domestic market share in electrical installation materials
  • Achieve over 50% sales ratio of environmentally friendly products
  • Advanced integration and standardization of group manufacturing technologies
  • Reduce turnover rate through enhanced employee health and welfare
  • Expand and launch IoT-utilizing products
  • Develop and profitize new business segments
  • Achieve carbon neutrality in all factories
  • Establish community-coexistence corporate model
  • Significantly increase ratio of female and young executives
  • Complete digital transformation

Business Segments

Electrical Equipment Materials Manufacturing

Overview
Provides a wide range of materials for electrical equipment in residential and commercial facilities, contributing to contractors' efficiency.
Competitiveness
Stable supply of high-quality products and high market share in the industry
Customers
  • Electrical contractors
  • Home builders
  • Building maintenance companies
  • Public entities
  • Equipment design firms
Products
  • Electrical conduits and accessories
  • Wiring boxes
  • Insulating materials
  • Wiring devices
  • Safety protective gear

Piping and Construction Materials

Overview
Supplies pipe products emphasizing durability and safety to construction and infrastructure fields.
Competitiveness
Technology combining corrosion resistance and functionality
Customers
  • Construction contractors
  • Water and sewage operators
  • Gas operators
  • Equipment maintenance companies
  • Renovation contractors
Products
  • Water supply and drainage piping
  • Gas piping equipment
  • Fittings and connection parts
  • Corrosion-resistant pipes
  • Construction materials

Resin Mold Design and Manufacturing

Overview
Supports parts supply to various industries through high-precision resin mold design and manufacturing.
Competitiveness
Advanced technology and short delivery time response
Customers
  • Automotive parts manufacturers
  • Electrical equipment manufacturers
  • Precision equipment manufacturers
  • Plastic processors
  • Manufacturing equipment makers
Products
  • Resin molds
  • Prototype molds
  • Precision molding molds
  • Automatic machine design
  • Manufacturing equipment

Infrastructure Equipment Automation

Overview
Provides automation equipment for production and wiring work to improve business efficiency and quality.
Competitiveness
Customization capabilities and integration technology
Customers
  • Manufacturing companies
  • Electrical contractors
  • Construction companies
  • Logistics operators
  • Infrastructure managers
Products
  • Automatic assembly machines
  • Automatic inspection machines
  • Production line equipment
  • Maintenance services
  • IoT-linked devices

Communication Wiring Materials

Overview
Stably supplies materials for high-speed communication networks, contributing to communication environment development.
Competitiveness
High-reliability communication materials development capabilities
Customers
  • Telecommunications operators
  • Network builders
  • IT companies
  • Public facilities
  • Building managers
Products
  • Optical fiber cables
  • Communication cable connectors
  • Wiring protection materials
  • Network-related devices
  • Installation services

Environmentally Friendly Product Development

Overview
Contributes to building a sustainable society with products conscious of reducing environmental impact.
Competitiveness
Recycling technology and environmentally considerate design
Customers
  • Environmental companies
  • Recycling operators
  • Public organizations
  • Construction contractors
  • General companies
Products
  • Recycled resin piping
  • Recycled material wiring boxes
  • Resource-saving materials
  • Environmentally certified products
  • Eco auxiliary materials

Safety Protective Supplies

Overview
Offers a wide range of high-quality protective gear contributing to safety at work sites.
Competitiveness
Product development balancing durability and wearability
Customers
  • Construction site workers
  • Industrial machine operators
  • Construction site managers
  • Disaster prevention staff
  • Logistics workers
Products
  • Work gloves
  • Helmets
  • Protective goggles
  • Dust masks
  • Safety harnesses

Residential Equipment Materials

Overview
Provides safe and durable equipment materials for residential use.
Competitiveness
Design and quality control specialized for the housing industry
Customers
  • Home manufacturers
  • Renovation companies
  • Architectural design firms
  • Equipment maintenance
  • Home centers
Products
  • Water supply pipe sets
  • Gas piping fittings
  • Residential connection parts
  • Residential wiring materials
  • Energy-saving products

Construction Site Wiring Devices

Overview
Group of products supporting the realization of comfortable and safe wiring environments.
Competitiveness
Design pursuing high functionality and ease of use
Customers
  • Construction companies
  • Equipment designers
  • Office construction
  • Public facility managers
  • Residential contractors
Products
  • Multi-function switches
  • Wall outlets
  • Dimming devices
  • Wiring control devices
  • Lighting-linked products

DIY Electrical Installation Materials

Overview
Offers materials emphasizing easy operation and safety for the DIY market.
Competitiveness
User-friendly product development
Customers
  • General households
  • DIY specialty stores
  • Individual contractors
  • Home centers
  • Small contractors
Products
  • Easy installation switch covers
  • Wiring assist kits
  • Bundling bands
  • Wiring protection materials
  • Installation tools

Competitive Advantage

Strengths

  • High market share in the domestic electrical equipment materials market
  • Thorough in-house waste elimination culture
  • Stable labor environment with all employees as full-time
  • Proprietary resin mold manufacturing technology
  • Nationwide business sites and sales network
  • High customer trust due to high-quality products
  • Comprehensive childcare leave system and work-style reforms
  • Strong group collaboration with parent company
  • Introduction of efficient production automation technology
  • Accumulated know-how based on long years of industry experience
  • Diversification through both building materials and electrical installation materials
  • Brand power from region-rooted sales activities
  • Cost-conscious management structure
  • Product lineup adaptable to diverse customer segments
  • Solid financial structure supporting stable growth

Competitive Advantages

  • Industry-leading market share in electrical conduits and wiring boxes
  • Competitive edge from proprietary cost-saving and rationalization know-how
  • High labor productivity from all-employee full-time system
  • Efficient production through group manufacturing technology and IT utilization
  • Extensive sales and service base network across diverse regions
  • Product development and customization responsive to customer needs
  • Active development and promotion of safety and environmentally friendly products
  • Talent acquisition through sustainable work styles and high待遇 environment
  • Advanced labor management with encouraged long vacations and zero overtime
  • In-house integrated system from manufacturing to logistics for quality control
  • Reliable acquisition of small and medium customers through region-rooted sales strategy
  • Profit margin maintenance through meticulous raw material procurement and cost management
  • Product differentiation based on numerous patented technologies and track record
  • Multi-faceted service provision through wide group companies
  • Active promotion of ESG initiatives such as environmental certifications

Threats

  • Risk of cost increases due to rising raw material prices
  • Demand slowdown from domestic population decline
  • Intensified price competition from competitors' low-price products
  • Increased product design burden from stricter environmental regulations
  • Risk of disruption in global supply chains
  • Decline in market competitiveness from delayed technological innovation
  • Risk of factory and logistics shutdowns due to natural disasters
  • Recruitment difficulties and rising labor costs from labor shortages
  • Delayed overseas expansion and insufficient international competitiveness
  • Potential market share loss to new entrants
  • Impact of exchange rate fluctuations on imported raw material costs
  • Product sales restrictions or certification burdens from regulatory changes

Innovations

2023: Introduction of Latest Equipment at Tarui Factory

Overview
Newly installed production automation line at Tarui Factory to promote efficiency.
Impact
20% improvement in production efficiency, better yield rate

2022: Development of Low-Environmental-Impact Resin Materials

Overview
Successfully prototyped electrical installation materials using biodegradable resin.
Impact
Contributes to 10% reduction in plastic usage

2024: Development of IoT-Linked Wiring Inspection Device

Overview
Introduced IoT technology for wiring installation inspection, enabling real-time monitoring.
Impact
Contributes to quality control efficiency and reduced defect rate

2021: Introduction of In-House Business Efficiency Platform

Overview
Developed and introduced proprietary platform to eliminate unnecessary operations.
Impact
15% reduction in employee work time, cost savings

2023: Mass Production Start of Recycled Resin Products

Overview
Successfully mass-produced recycled resin wiring boxes as environmentally friendly products.
Impact
Contributes to environmental burden reduction and new market development

Sustainability

  • LED energy-saving lighting introduced in all factories
  • Maintaining over 90% waste recycling rate
  • Implementation of environmental education programs for employees
  • Introduction of electric vehicles and hybrid company cars
  • Investment in energy-saving equipment and promotion of optimized operations
  • Promotion of up to 3-year childcare leave and flexible work system
  • Regular participation in local environmental cleanup activities
  • In-house idea contest for eco-product development
  • Formulation and application of green procurement standards
  • ISO 14001 environmental management system certification
  • Workplace environment improvement for women's advancement and diversity
  • Paper resource reduction through business efficiency improvements