MATSUOKA CORPORATION (3611) Stock Price

Matsuoka Corporation's primary business activities are the planning, manufacturing, and logistics of apparel products. The company operates through 21 consolidated subsidiaries and one affiliate accounted for using the equity method, conducting business in a single segment: apparel OEM operations.

The company's business is divided into four areas: product planning, fabric procurement and production, sewing processing, and sales. In product planning, the company proposes sample products tailored to customer needs to generate orders. For production, factories are selected based on delivery schedules and sewing complexity.

In fabric procurement and production, the company sources fabrics from external suppliers for sewing processing, and produces fabrics for innerwear through a joint venture with the Toray Group. Sewing processing is conducted in China, Vietnam, Bangladesh, Indonesia, and Myanmar, with quality control managed through outsourced factories. The company also utilizes outsourced factories capable of quality management.

In sales, sewn products packaged at each factory are delivered to customers through optimal logistics methods. Product categories include casual wear, workwear, innerwear, and fabric processing. Major sales channels are SPA retailers, specialty apparel retailers, trading companies, department stores, and mass retailers.

In fabric processing operations, the company produces breathable waterproof fabrics used in high-performance outdoor wear and sportswear. In material development, the company complies with environmental regulations and collaborates with customers to develop high-quality materials.

Matsuoka Corporation has launched its medium-term management plan "Vision 2025" covering 2022 to 2026 and is advancing its growth strategy. This plan aims to respond to recovering demand for apparel products and maximize the company's production capacity. Specifically, the company is preparing for the post-COVID era through production base shifts to the ASEAN region and new factory construction.

As part of its growth strategy, Matsuoka Corporation prioritizes diversifying its supply chain and strengthening "quality manufacturing." This approach enables the company to deliver products that customers demand quickly, while reducing geopolitical risks and enhancing cost competitiveness. The company is also focusing on new material development and new product development, advancing proposals for functional materials that leverage its breathability, waterproofing, and water-repellent processing technologies.

Additionally, Matsuoka Corporation is strengthening sales capabilities in its core OEM business. The company is deepening relationships with existing customers while actively pursuing new customer acquisition. In particular, it is targeting expansion into high-growth segments and the US and European markets.

The company has set targets of 74 billion yen in revenue and 4.7 billion yen in operating profit for the fiscal year ending March 2026. To achieve these targets, the company is prioritizing supply chain strengthening, new material development, and sales force enhancement. Through these efforts, Matsuoka Corporation aims to flexibly adapt to changing market conditions and realize sustainable growth.