JSP

Basic Information

Stock Code
7942
Industry
Chemicals
Category Detail
Industrial Materials
Prefecture
Tokyo
Establishment Year
January 1962
Listing Year
February 1990
Official Website
https://www.co-jsp.co.jp/
TSE Information
TSE Information
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Other Companies
Dainic, Showa Pax, Sumitomo Seika, Kureha, San-A Kaken, EM System, Taisei Lamick Group, Maruto Industry, Toin, FP Corporation, RYODEN, Shoei Corporation

Overview

JSP is a major domestic foamed plastics manufacturer founded in 1962 and part of the Mitsubishi Gas Chemical group, providing a wide range of industrial foam products centered on automotive materials.

Current Situation

JSP has a solid financial foundation with consolidated sales of approximately 114.3 billion yen and ordinary income of about 9.2 billion yen. Its core business consists of foamed resin products such as automotive bumpers and insulation materials, holding a high market share in the domestic market. In technology development, it focuses on research into high-performance foamed materials, balancing reduced environmental impact with improved product performance. Through its merger with Mitsubishi Chemical Foam Plastics, it has strengthened its business base and is leveraging group synergies. On the sustainability front, it is promoting energy-saving measures in manufacturing processes and introducing recycling technologies. Its mid-to-long-term strategy involves responding to demand for high-performance resins in the growing automotive sector while developing new markets in housing and logistics. It is also advancing overseas expansion and allocating resources to enhance competitiveness in the global market. In recent years, it has invested in equipment to advance material technologies and improve manufacturing process efficiency, building a framework capable of addressing rapidly intensifying environmental regulations.

Trivia

Interesting Facts

  • JSP's expanded polystyrene has a long track record in the automotive industry
  • Serves as a key pillar in the Mitsubishi Gas Chemical Group as a consolidated subsidiary
  • Business started with polystyrene paper manufacturing at founding
  • Kanuma factory complex plays a vital role as an industry production hub
  • Holds numerous patents related to foamed plastics technology
  • Gains recognition domestically and internationally for developing heat-resistant foam materials
  • Strong in cushioning materials for precision equipment in the packaging materials sector
  • Plant-specific product brands have earned high trust among customers
  • Early transition to eco-friendly materials serves as a model in the industry
  • Holds many certifications for industrial products with strict safety and environmental standards
  • Head office located in the Shin-Nisseki Building in Chiyoda-ku, Tokyo
  • Advancing manufacturing process efficiency to strengthen global competitiveness
  • High employee retention due to enriched work environment
  • Major shareholders centered on Mitsubishi Group affiliates
  • Many companies from other industries show interest in its technology

Hidden Connections

  • Has long-term business relationships with multiple major automotive industry customers
  • Maintains strong R&D capabilities through group collaboration with Mitsubishi Gas Chemical
  • Kanuma factory complex significantly contributes to regional industrial promotion and job creation
  • Products are partially exported overseas, pursuing global expansion
  • Technology for environmentally responsive foam materials is under consideration for application in other industries
  • Has partnership relationships with major food industry companies in the packaging materials sector
  • Actively participates in government environmental and energy initiatives to promote technology development
  • Enriched in-house training system focused on technology succession and talent development

Future Outlook

Growth Drivers

  • Expansion of foamed resin demand due to increasing lightweighting needs in the automotive industry
  • Rising demand for energy-saving and insulation in housing and construction sectors
  • Growing interest in recycled and eco-products amid stricter environmental regulations
  • Growth in needs for higher functionality and diversification of packaging materials
  • Aggressive global market expansion and overseas customer base growth
  • Advancement of high-performance material development through technological innovation
  • Sophistication of production efficiency and energy-saving manufacturing
  • Strengthening of product design and quality control through digitalization
  • Increasing societal demands for sustainability management
  • Enhanced efforts toward achieving a decarbonized society
  • Expansion of material supply to diverse industries

Strategic Goals

  • Expand market share in high-performance foam materials for automotive use domestically and internationally
  • Achieve over 60% sales composition from energy-saving and environmentally responsive products
  • Achieve 30% reduction in CO2 emissions across all factories
  • Improve product recycling rate and strengthen contributions to a circular society
  • Expand overseas business to achieve over 40% of sales
  • Maintain technological competitiveness through ongoing R&D investment expansion
  • Strengthen in-house talent development and technology succession systems
  • Complete production innovation through digital technology utilization
  • Strengthen environmental and social governance in the supply chain
  • Accelerate new product development to meet diverse industry needs

Business Segments

Automotive Parts Manufacturing

Overview
Supplies foamed plastic products that contribute to improved automotive safety and comfort.
Competitiveness
Top-class R&D strength in high-performance, lightweight materials
Customers
  • Automotive manufacturers
  • Automotive parts suppliers
  • Motorcycle manufacturers
  • Commercial vehicle manufacturers
  • Electric vehicle manufacturers
  • Vehicle body modification companies
  • Domestic transportation companies
Products
  • Foam bumper pads
  • Insulation materials
  • Soundproof pads
  • Lightweight foam parts
  • Impact absorbing materials
  • Engine room heat-resistant foam
  • Seal pads

Housing Building Materials Manufacturing

Overview
Provides insulation and soundproofing materials for environmentally friendly, energy-saving housing to major customers.
Competitiveness
Superior performance and durability thanks to proprietary foaming technology
Customers
  • Housing construction companies
  • Building materials wholesalers
  • Remodeling contractors
  • Carpentry shops
  • Public construction entities
  • Energy-saving equipment providers
Products
  • Insulation boards
  • Soundproof panels
  • Airtight sheets
  • Water-resistant boards
  • Energy-saving insulation materials
  • Sound insulation foam

Packaging Materials Supply

Overview
Offers various cushioning and packaging materials for product protection during transportation and storage.
Competitiveness
Excellent adaptability to diverse materials and customization capabilities
Customers
  • Food manufacturers
  • Precision equipment manufacturers
  • Medical equipment manufacturers
  • Logistics companies
  • Retailers
Products
  • Cushioning materials
  • Food trays
  • Medical packaging materials
  • Anti-vibration pads
  • High-durability cushioning materials

Environmentally Friendly Product Development

Overview
Conducts research and provision of industrial foam products aimed at reducing environmental impact.
Competitiveness
Product development based on advanced eco-friendly technologies
Customers
  • Industrial waste processors
  • Environmental companies
  • Public institutions
  • Recycled resource operators
Products
  • Recycled foam materials
  • Eco sheets
  • Biodegradable cushioning materials
  • Environmental protection materials

Logistics Materials Supply

Overview
Provides foam products that balance logistics efficiency and product protection.
Competitiveness
Technology achieving both durability and weight reduction
Customers
  • Logistics companies
  • Transportation companies
  • Cargo handling operators
Products
  • Impact absorbing pads
  • Anti-vibration materials
  • Foam pallets

Competitive Advantage

Strengths

  • High brand power as a leading domestic foamed plastics manufacturer
  • Stable management base from the Mitsubishi Gas Chemical Group
  • Abundant manufacturing facilities and extensive production sites
  • Advanced technological R&D capabilities
  • Product deployment across a wide range of industries
  • Robust product quality control system
  • Track record in developing environmentally friendly products
  • Flexible customization to meet customer needs
  • Long years of industry experience and reliability
  • Solid financial position
  • Diverse sales channels domestically and internationally
  • High expertise of in-house technical staff
  • Stable customer base
  • Sustainable production processes
  • Reliable compliance with laws and regulations

Competitive Advantages

  • Access to Mitsubishi Gas Chemical Group's capital and technical support
  • Domestic top-class R&D in foamed plastics technology
  • High market share in industry-leading automotive foam materials
  • Comprehensive product lineup addressing diverse industry needs
  • Product development preempting environmental regulations and energy-saving manufacturing technology
  • Rapid supply capabilities from nationwide production bases
  • Improved customer satisfaction through flexible customization
  • Focus on sustainable raw material procurement
  • Long-term business relationships backed by stable management
  • Reliability ensured by proprietary quality management system
  • High-function foam products from precise product design
  • Research achievements in superior product durability and functionality
  • Market risk diversification through multi-use applications
  • Active capital investment and energy-saving initiatives
  • Efficient management through group collaboration

Threats

  • Cost pressures from fluctuations in raw material prices
  • Intensifying price competition with overseas manufacturers
  • Increased adaptation costs from stricter environmental regulations
  • Sales instability from changes in customer ordering trends
  • Risk of conventional products being replaced by new technologies
  • Impact of exchange rate fluctuations on import costs and overseas revenue
  • Decline in industrial demand during economic downturns
  • Risks of raw material supply disruptions or delays
  • Decline in development and production capacity due to engineer shortages
  • Risk of factory shutdowns from natural disasters
  • Rising costs for regulatory compliance
  • Declining profit margins amid fierce competition

Innovations

2023: Completion of next-generation insulation foam material development

Overview
Completed development of a high-performance insulation foam material with 20% lower thermal conductivity than conventional products.
Impact
Contributes to energy savings in housing and opens new customers.

2022: Renewal of recycled foam material manufacturing technology

Overview
Succeeded in mass production of environmentally friendly foam materials utilizing waste resin.
Impact
Contributes to building sustainable manufacturing processes.

2024: Introduction of energy-saving manufacturing equipment

Overview
Launched the latest energy-saving production lines to promote CO2 emission reductions.
Impact
15% reduction in annual energy consumption.

2021: High functionalization of automotive soundproofing foam

Overview
Introduced new products with 30% improved noise reduction performance.
Impact
Successfully expanded adoption by automotive manufacturers.

Sustainability

  • Promoting energy savings and waste reduction at factories
  • Strengthening recycling of used foamed plastics
  • Stricter chemical substance management and safety improvements
  • Developing new products that contribute to reducing environmental impact
  • Environmental protection activities in collaboration with local communities