Maruichi Steel Tube Ltd.【JP:5463】Stock Price

Maruichi Steel Tube is a corporate group primarily engaged in the manufacturing and sales of steel tubes and surface-treated steel sheets. The group consists of a total of 29 companies, centered on Maruichi Steel Tube, including 18 consolidated subsidiaries, 5 affiliated companies accounted for using the equity method, 4 non-consolidated subsidiaries, and 1 affiliated company not accounted for using the equity method.

In Japan, Maruichi Steel Tube manufactures and sells products, while also procuring and selling products from Hokkaido Maruichi Steel Tube, Kyushu Maruichi Steel Tube, and Shikoku Maruichi Steel Tube. Additionally, some products are sold through Maruichi Steel Sales, and Alfa Metal processes and sells steel tubes as automotive components. Maruichi Stainless Steel Tube manufactures and sells stainless steel tubes, while Toyo Special Steel manufactures and sells square steel tubes and specialty-shaped tubes.

In the North American market, companies such as Maruichi American Corporation and Maruichi Levitt Pipe and Tube LLC manufacture and sell steel tubes. Furthermore, Maruichi Stainless Tube Texas Corporation manufactures and sells stainless steel tubes.

In the Asian market, Maruichi Sun Steel Joint Stock Company in Vietnam manufactures and sells steel tubes and surface-treated steel sheets. In India, Maruichi Kuma Steel Tube Private Limited manufactures and sells stainless steel tubes and aluminum-coated steel tubes, while in the Philippines, Maruichi Philippines Steel Tube Inc. manufactures and sells steel tubes.

Maruichi Steel Pipe has established the long-term vision "MARUICHI 2030 Vision" targeting 2030, and is formulating its 7th Medium-Term Management Plan for fiscal years 2024 through 2026. Under this plan, the company aims for net sales of 400 billion yen, operating profit of 50 billion yen, ROE of 10%, and a consolidated dividend payout ratio of 50%.

The company's growth strategy focuses on core and growth businesses both domestically and internationally. In domestic core operations, the company will strengthen its supply chain and leverage synergies across the group while prioritizing profitability-focused management. Through M&A activities, the company targets operating profit of 21 billion yen.

In overseas core operations, the company will make capital investments in regions with expanding demand to stabilize earnings. Particularly, the company anticipates increased sales volume in the U.S. market and aims for a 25% increase in operating profit. In growth businesses, the company will maximize profitability through increased production capacity investments and expand overseas market share.

Maruichi Steel Pipe plans total investments of 130 billion yen over three years, actively pursuing capital investments and M&A both domestically and internationally. Notably, investments for expanding the stainless steel business are drawing attention.

As non-financial targets, the company has set goals for reducing domestic CO2 emissions, improving workplace environments, and creating safe and healthy workplaces. Through these initiatives, the company aims for sustainable growth.