Moriya Transportation Engineering and Manufacturing Co.,Ltd (6226) Stock Price

Moriya Transport Machinery is a company that manufactures, sells, installs, and maintains and repairs elevators. The company operates both domestically and internationally, with a particular focus on cargo elevators and marine elevators. Domestically, it operates 2 factories, a technical center, service centers, and 10 branch offices, covering the entire nation through 51 service locations.

The company's elevator business is centered on cargo elevators. Cargo elevators require durability to withstand forklift use and condensation prevention measures for frozen and refrigerated warehouses. Moriya Transport Machinery offers a diverse range of products to meet various needs, including medium to large-capacity elevators with load capacities of 2 tons or more, the vertical automated transport system "Mac Lifter," and automotive elevators.

Marine elevators serve shipbuilding companies and are installed on large ocean-going vessels and ferries. These elevators must be designed to withstand ship vibrations and impacts. Moriya Transport Machinery acquired technology from Schindler Elevator Co., Ltd. and began sales in 2003, operating the business both domestically and internationally.

In the maintenance and repair business, the company enters into maintenance and inspection contracts with customers to perform elevator maintenance, repairs, and statutory inspections. Contract types are divided into full maintenance contracts and POG contracts, with the aim of securing long-term profits. Moriya Transport Machinery is working to improve contract rates and reduce cancellation rates to enhance profitability.

Moriya Transport Machinery Industries focuses its growth strategy on manufacturing, selling, installing, and maintaining and repairing cargo elevators in the domestic market. In particular, the company is expanding production capacity against the backdrop of increasing demand from logistics facilities and data centers. Through expansion and renovation of its Utsunomiya plant and construction of new facilities, the company is establishing an efficient production system.

The company is strengthening proposals for planned maintenance to ensure elevator safety and stable operation. In response to growing maintenance demand due to aging social infrastructure, the company prevents failures before they occur, reducing customers' risk of operational disruption. This approach supports the expansion of maintenance contracts.

To capture replacement demand for aging elevators, the company is advancing design and construction efficiency. The company responds to replacement demand including competing products and strengthens its competitiveness. Additionally, the company aims to expand sales of marine elevators through new product development and reinforcement of its design division.

Moriya Transport Machinery Industries is advancing in-house manufacturing of maintenance and parts production, maintaining integrated service provision from manufacturing and sales through maintenance and servicing. This approach improves stable product supply capacity and service quality, strengthening competitiveness.

The company is also preparing to enter new markets, aiming to expand business into related markets based on the growth potential of existing operations. Through growth investments, the company is building a foundation to secure long-term growth. This effort aims to achieve sustainable growth and enhanced corporate value.