Mitsuboshi Belting Ltd. (5192) Stock Price

Mitsuboshi Belt is a manufacturer and distributor of belts and construction materials, operating diverse business segments both domestically and internationally. Specifically, the company is organized into four segments: domestic belt operations, overseas belt operations, construction materials operations, and other operations.

In domestic belt operations, Mitsuboshi Belt and its domestic subsidiaries manufacture and sell automotive belts, industrial belts, and conveyor belts. Manufacturing is handled by Mitsuboshi Belt Koki and Mitsuboshi Belt Conveyor, while sales are conducted by Mitsuboshi Belt Sales.

Overseas belt operations are conducted by foreign subsidiaries that manufacture and sell automotive belts, industrial belts, and office equipment belts. The company operates manufacturing and sales facilities in India, the United States, China, Indonesia, Poland, and other regions to meet local market needs.

Construction materials operations include the manufacture and sale of waterproofing sheets for buildings and water-blocking sheets for civil engineering projects, as well as civil waterproofing construction services. Mitsuboshi Belt handles manufacturing and sales, while Neo Roofing manages sales and construction services.

Other operations include machinery equipment, products sourced from other suppliers, engineering structural foam, electronic materials, and service businesses. Engineering structural foam is manufactured by Mitsuboshi Belt Resin and sold by Mitsuboshi Belt.

Mitsuboshi Belting is committed to contributing to society by providing high-performance, high-precision, and high-quality products that meet the needs of next-generation industries. The company's corporate motto is for each employee to "take pride in today and act with hope for tomorrow," and it aims to be a company that is considerate to both people and the planet.

To respond to changes in the global economic environment and become a world-leading manufacturer, the company is strengthening its corporate foundation. Specifically, it is advancing SDG initiatives and developing product technologies that promote environmental harmony, while building a company that contributes to the realization of a sustainable society.

Mitsuboshi Belting is also focusing on strengthening its research and development structure and improving technological capabilities to accelerate product development speed. Furthermore, to compete in the global cost environment, the company is establishing optimal production systems and building a corporate structure with competitive cost advantages.

The company has designated the three-year period from fiscal year 2024 to 2026 as an acceleration phase for growth, with KPIs set across profitability, capital efficiency, capital expenditure, shareholder returns, and ESG. Through these initiatives, the company aims to achieve its fiscal year 2030 targets of 100 billion yen in sales, 13 billion yen in operating profit, and 10% ROE.