MIURA CO.,LTD. (6005) Stock Price

Market cap
¥426.9B
P/E ratio
14.5x
Miura Corporation manufactures, sells, and maintains boilers and water treatment equipment for industrial and residential customers worldwide.

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Business Overview

Miura Corporation's primary business is the manufacturing, sales, and maintenance of boilers and related equipment. The company operates four business segments that encompass equipment sales and maintenance both domestically and internationally.

In the domestic equipment sales segment, the company offers various types of boilers including steam boilers, hot water boilers, and electric boilers, as well as environmental equipment such as ballast water treatment systems and microplastic collection devices. Additionally, it provides water treatment systems including residential water softeners and water treatment chemicals.

In the domestic maintenance segment, the company provides paid maintenance and management services for boilers and related equipment through ZMP contracts and inspection contracts. The company also supports customer facility operations by offering an energy management system called "MEIS CLOUD" and lease rental services.

In the overseas equipment sales segment, the company provides steam boilers, hot water boilers, water softening equipment, and boiler chemicals, similar to its domestic offerings. Through these products, the company delivers high-quality water treatment systems in overseas markets and meets global customer needs.

In the overseas maintenance segment, the company provides reliable maintenance services to international customers through various paid maintenance contracts and inspection agreements. Through these efforts, Miura Corporation enhances customer satisfaction both domestically and internationally.

Management Policy

Miura Corporation aims to realize an environmentally friendly society in the fields of "heat, water, and environment." Leveraging its proprietary technologies, the company provides energy-efficient solutions and environmental products. The company prioritizes maximizing corporate value, promoting transparent and efficient management, and meeting stakeholder expectations.

Under its medium-term management plan, Miura Corporation targets business expansion both domestically and internationally. Domestically, the company will expand its business by providing comprehensive solutions based on proprietary technologies. Internationally, operating as a "heat provider," the company will strengthen human resources and expand its network of bases to meet regional heat demand and create synergies.

Miura Corporation continues ESG-focused management and pursues workplace reforms and productivity improvements through IT technology. The medium-term plan sets fixed targets for the three-year period, aiming to increase sales revenue and operating profit. The company targets sales revenue of 300,000 million yen for the fiscal year ending March 2028.

The company promotes globalization and aims to become a world-class provider of products and services. Leveraging trust built through boiler business, Miura Corporation strengthens customer relationships as a problem-solving company addressing heat, water, and environmental issues. The company also works to create a workplace where employees can fully realize their potential.

Miura Corporation sets a target ROE of 13% or higher and pursues increased operating profit. For the fiscal year ending March 2026, the company aims for operating profit of 32,600 million yen and focuses on improving profitability. The company prioritizes steady profit expansion regardless of market conditions.

Domestically, the company promotes the supply of clean heat to realize a decarbonized society. Internationally, the company strengthens proposals for boilers compliant with environmental regulations and energy-saving sales initiatives while advancing equipment sales. In the maintenance business, the company targets increased acquisition of paid maintenance contracts.

Under the slogans of environmental burden reduction, comprehensive solutions, and one-stop service, Miura Corporation strengthens the profitability of existing businesses. The company pursues global expansion through new product and service development and M&A to enhance corporate value.

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