MORY INDUSTRIES INC. (5464) Stock Price

Mori Industries operates primarily in stainless steel-related businesses, manufacturing and selling stainless steel pipes, stainless steel bar products, stainless steel processed products, and steel pipes. The company also manufactures and sells pipe processing machinery, such as pipe cutting machines, designed to improve operational efficiency. These operations are organized into geographic segments based on manufacturing and sales structure, with two reporting segments: "Japan" and "Indonesia."

In Japan, Mori Industries manufactures and sells stainless steel-related products, with some product processing handled by subsidiary companies Mori Kinzoku Co., Ltd. and Kanto Mori Industries Co., Ltd. This structure strengthens the company's stainless steel product supply in the domestic market. In Indonesia, the consolidated subsidiary PT. MORY INDUSTRIES INDONESIA handles the full manufacturing and sales of stainless steel pipes, conducting business operations in the local market.

Additionally, Mori Industries holds a 40% equity stake in Auto Metal Company Limited, an equity method affiliate based in Thailand. This company manufactures and sells stainless steel pipes for the two-wheeler and automotive industries, serving the Thai market and surrounding regions. Mori Industries supports the company's operations through technical assistance.

Mori Industrial pursues a fundamental business policy of contributing to society through product development based on original ideas, achieving cost-efficient production, and offering competitively priced sales. While prioritizing trust and credibility, the company maintains a forward-looking management approach that continues to challenge new business areas while promoting sound operational practices.

The company has set a target to maintain a five-year average ROE (return on equity), a key profitability metric, of 8% or higher. Under its medium-term management plan "MORY-PLAN26," the company has established specific numerical targets for sales revenue, operating profit, ROE, and capital investment, aiming to enhance corporate value over the medium to long term.

Under the theme "Creating a Brilliant Future with Stainless Steel," Mori Industrial has formulated a long-term vision and medium-term management plan "MORY-PLAN26." Covering fiscal years 2024 through 2026, the plan focuses on strengthening stainless steel-related operations and expanding into new business areas.

The company is advancing efforts to strengthen profitability in stainless steel tubing and modernize production equipment. In particular, it is implementing measures to respond to changing competitive conditions in the Indonesian market and secure competitive advantages in that region.

The company is also exploring entry into new business domains while enhancing technological capabilities to address environmental regulations and the demands of an advanced information society. Through these efforts, the company aims to diversify its future revenue base and develop new business areas.

Mori Industrial places emphasis on cultivating advanced talent and strengthening organizational structure. The company is advancing reforms to its human resources system and diversifying recruitment channels, focusing on developing next-generation talent and establishing a flexible, autonomous organizational framework.