Mipox Corporation (5381) Stock Price

Mipox operates two main business segments: the Products Business and the Contract Manufacturing Business. In the Products Business, the company manufactures and sells polishing films, liquid polishing agents, polishing equipment, and related polishing products. These offerings contribute to surface treatment and finishing across various industrial sectors.

The Contract Manufacturing Business provides contract coating manufacturing, contract converting, and contract polishing services. This enables the company to deliver customized products and services tailored to customer needs while supporting manufacturing process efficiency.

Mipox's principal domestic subsidiaries in Japan are Mipox Corporation and Okubo Iron Works Co., Ltd. Mipox Corporation handles both the Products Business and Contract Manufacturing Business, with a particular focus on manufacturing and selling polishing-related products.

Internationally, MIPOX Malaysia Sdn. Bhd. operates the Products Business in Malaysia. The company manufactures and sells polishing films and liquid polishing agents, strengthening its regional market presence.

In China, MIPOX (Shanghai) Trading Co., Ltd. manages the Products Business. The company primarily sells polishing films and liquid polishing agents to meet demand in the Chinese market.

In other regions, MIPOX International Corporation and MIPOX Abrasives India Pvt. Ltd. are active. These companies promote sales of polishing-related products through information provision and sales support.

Mipox has established three core growth strategies: enhancing product business value through engineering approaches, transitioning from contract manufacturing to engineering services, and building an operational foundation capable of responding to rapid change and diversity. Leveraging its core technologies in coating, cutting, and polishing, the company aims to deliver high-value products and services.

The company is strengthening research and development in precision and general grinding sectors while advancing new business initiatives. Beyond contract work, it is positioning itself as an engineering partner that co-creates customer success, establishing a rapid and comprehensive service delivery system.

To strengthen its operational foundation, Mipox is pursuing efficiency improvements through IT investment, promoting diverse work practices, and enabling flexible work arrangements through digital tools. These efforts aim to activate internal and external communication and build an organization resilient to change.

As Mipox approaches its 100th anniversary in 2026, the company prioritizes stable and sustainable growth. It is intensifying technology development to address next-generation semiconductor challenges and expanding efforts in telecommunications infrastructure and data center-related sectors to achieve stable profitability.

The company has acquired a new factory in Kanuma, Tochigi Prefecture, and is reorganizing its production facilities. This expansion increases contract manufacturing capacity and strengthens the foundation for business growth. Additionally, Mipox is advancing smart factory initiatives and implementing business process reforms using digital data.

To enhance customer experience (CX), the company is strengthening its product and service delivery capabilities. Through sales division specialization, lead time reduction, and inventory optimization, it is building a system responsive to diverse customer needs.