TIGERS POLYMER CORPORATION (4231) Stock Price

Market cap
¥20.5B
P/E ratio
9.2x
Tigers Polymer manufactures rubber and plastic components including hoses, sheets, and molded products for household appliances, industrial use, and automotive applications worldwide.

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Business Overview

Tigers Polymer operates a single business focused on manufacturing various components and raw materials for component production. The company has three main business segments: "Hoses," "Rubber Sheets," and "Molded Products." These products are organized by manufacturing facility, with different affiliated companies involved in each region.

In the Hose segment, the company manufactures and sells household appliance hoses (for vacuum cleaners, washing machines, and air conditioners) and industrial hoses (for general industry, civil engineering and construction, and residential use). In Japan, Tigers Polymer, Mukogawa Kasei, and Rubber Flex are involved. In the Americas, Tigerflex Corporation operates. In Southeast Asia, Tigers Polymer (Malaysia) Sdn. Bhd. and Tigerpoly (Thailand) Ltd. are involved. In China, Hangzhou Tiger Plastic & Chemical Co., Ltd. is involved.

The Rubber Sheet segment manufactures and sells sheets used as packing and cushioning materials, as well as mats primarily for entranceways. This segment is handled by Tigers Polymer in Japan.

The Molded Products segment manufactures and sells rubber molded products (made from rubber as the primary material, produced through extrusion and compression molding) and resin molded products (made from synthetic resin as the primary material, produced through blow molding and injection molding), primarily as automotive components. In Japan, Tigers Polymer and Takatsuki Kasei are involved. In the Americas, Tigerpoly Manufacturing, Inc. and Tigerpoly Industria de Mexico S.A. de C.V. are involved. In Southeast Asia, Tigerpoly (Thailand) Ltd. is involved. In China, Hangzhou Tiger Plastic & Chemical Co., Ltd. and Guangzhou Tiger Plastic Co., Ltd. are involved.

Additionally, Tigers Kogyo and Tiger Asian Trading (Malaysia) Sdn. Bhd. distribute products for the Tigers Polymer Group, enabling global market supply.

Management Policy

Tiger Polymer is pursuing a growth strategy based on its management philosophy to enhance corporate value and secure shareholder returns. Specifically, the company prioritizes contributing to society through economic activities and meeting stakeholder expectations. The company also maintains a flexible, customer-oriented approach to respond quickly to market changes.

The company's basic policy is to supply products to four markets—home appliances, automobiles, civil engineering/construction/housing, and industrial materials—leveraging three core technologies: hoses, rubber sheets, and molded products. This approach aims for balanced management. The company also concentrates management resources to achieve high market share in niche markets.

The company actively expands internationally, with local production and sales as the foundation and optimal production locations as the strategy. By focusing on technology development and differentiating through quality, efficiency, and production speed, the company strengthens its competitiveness. This supports sales growth both domestically and internationally.

Specific initiatives include strengthening sales activities at home and abroad to expand revenue. The company invests resources in research and development facilities to focus on new product development and automation processes. Additionally, the company advances production technology improvements and factory productivity enhancements while prioritizing quality, safety, and environmental measures.

The company also emphasizes strengthening corporate governance by appointing external directors and auditors and establishing internal control systems. Through these measures, the company aims to rationalize and improve operational efficiency while ensuring proper execution of duties. Through these initiatives, Tiger Polymer pursues sustainable growth.

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