MIYAIRI VALVE MFG.CO., LTD. (6495) Stock Price

Miyairi Valve Manufacturing Co., Ltd. primarily manufactures and sells valves and equipment that control energy gases such as LPG (liquefied petroleum gas) and LNG (liquefied natural gas). The company operates as a single business segment, with operations organized by product category.

First, brass valves are installed on LPG containers for household and industrial use, including 2–50 kg household containers, 500 kg industrial containers, and automotive containers for taxis and similar vehicles. The company also supplies valve accessories for bulk storage tanks serving apartment complexes and the food service industry.

Second, steel valves are used in LPG storage facilities for land and marine transport equipment. Additionally, the company provides valves for LNG-related storage, consumption, and transport equipment, including LNG fuel ships. It also manufactures valves for medical oxygen and air control systems, as well as fire suppression equipment for museums and art galleries.

Other products include sanitary valves for food processing factories and irrigation nozzles for smart agriculture. Wine filtration equipment is also used for filtering soy sauce and sake. The Kofu Plant conducts practical research in sixth-sector agriculture.

Finally, scrap sales represent an additional revenue stream. Brass shavings generated during brass valve manufacturing are sold to material suppliers. Because brass is a high-value material, this scrap sales business constitutes an important source of income.

Miyairi Valve Manufacturing Co., Ltd. has adopted "mutual prosperity, unity, and autonomy" as its growth strategy, prioritizing improved customer satisfaction, challenges in new products and markets, and profit returns to stakeholders. The company is particularly focused on developing and expanding sales of new products such as LNG valves, hydrogen valves, and sanitary valves for food processing.

In response to the shrinking LPG container valve market, the company is developing new product lines. It aims to strengthen its earnings structure through improved productivity and cost reduction. In sales strategy, the company is pursuing both expansion of existing market share and development of overseas markets.

For product development, the company is accelerating development of LNG and hydrogen valves in the clean energy sector. In production improvement, it is establishing efficient production systems and implementing barcode-based output management. The company is also investing in human resource development to cultivate professionals with strong commitment.

Despite uncertain business conditions, the company anticipates new investments in the Chinese market and the Global South, promoting joint business development with local partners. It is strengthening its cryogenic valve business for LNG and hydrogen applications and advancing business development in the industrial gas sector.

In food processing, the company is developing spray nozzles and sanitary valves, targeting market entry in wine-making equipment. At its Kofu plant, it is conducting practical research in sixth-sector agriculture, pursuing new business opportunities through cultivation of kikurage (wood ear mushrooms) and wine grapes.

While the company has not formulated a medium-term management plan, it is targeting sales of 6 billion yen or more and an operating profit margin of 6% to 8%. The company is maintaining these targets and implementing measures for their early achievement.