MARUYAMA MFG.CO.,INC.【JP:6316】Stock Price

Maruyama Manufacturing is a company primarily engaged in manufacturing and selling agricultural and forestry sprayers and brush cutters, as well as industrial machinery and firefighting equipment. The company also operates real estate rental and solar power generation businesses. Maruyama maintains an integrated system that handles product planning, manufacturing, and sales in-house.

The company sells its products domestically and internationally through the National Federation of Agricultural Cooperative Associations, Kubota, and authorized distributors, with sales channels forming the core of its revenue. Domestic and overseas subsidiaries handle manufacturing, local sales, and OEM supply, making product sales the primary revenue source, while rental and power generation businesses provide supplementary income.

The business is organized into four segments: agricultural and forestry machinery, industrial machinery, other machinery (including firefighting equipment), and real estate rental and other operations. Manufacturing is shared between the company and its domestic and overseas subsidiaries, with logistics, overseas sales, and information systems support functions distributed across the group to streamline operations.

The company is pursuing its 8th Medium-Term Management Plan from October 2022 through September 2027, aiming to enhance corporate value through the creation of growth businesses. Specifically, it has set targets for the fiscal year ending September 2027 of consolidated net sales of 48 billion yen, operating profit of 2.8 billion yen, and return on equity (ROE) of 7.5% or higher. The company is addressing key challenges including improved profit margins, establishment of new businesses, and growth in overseas markets. To achieve these numerical targets, it is strengthening profitability by linking annual initiatives with the medium-term plan.

Building on its fire extinguisher technology since its founding, the company uses three core technologies—high-pressure pumps and two-cycle engines—as the foundation for differentiation, with focused investment in product development and capital equipment. On the quality front, it has established verification systems for new products and components, collaborating with suppliers to improve quality while making investment decisions with capital costs in mind to expand product lineups and introduce competitive offerings. Additionally, the company is pursuing inventory reduction and cash flow improvement through inventory management reforms and digitalization.

The company has positioned overseas market expansion and new market development as concrete growth drivers. In India, it is strengthening local procurement and production while beginning construction of its own factory for large-scale pest control equipment, with operations expected to commence in approximately two years. In Thailand and Vietnam, it is establishing local production and component manufacturing bases to enhance cost competitiveness, while in California it has completed product development of large-scale equipment and is focusing on sales. Through its Colombian subsidiary, the company is also advancing expansion into Central and South America. Domestically, it is expanding sales of industrial machinery and ultrafine bubble products by deploying specialized sales personnel across 25 nationwide sales offices to broaden distribution channels.

The company has positioned technological innovation at the core of its management strategy, establishing a new Technology Division in October 2025 and building an R&D Center within its Chiba plant to strengthen its research and development capabilities. It is advancing development of products for smart agriculture and ultrafine bubble technology with an eye toward future markets, while promoting faster development speed and inventory management digitalization through business process reviews using IT and artificial intelligence (AI) and next-generation upgrades to core systems, aiming for sustainable growth and a strengthened financial foundation.