MIURA Growth Strategy · 4 Mid-Term Management Plan for 2018 16 6 35 5 21 The future prospects of...
Transcript of MIURA Growth Strategy · 4 Mid-Term Management Plan for 2018 16 6 35 5 21 The future prospects of...
D a i s u k e M i y a u c h i
MIURA CO.,LTD. All Rights Reserved.
M a y 2 3 r d , 2 0 1 8 ( W e d )
Financial Result andMIURA Growth Strategy
President & CEOMIURA CO.,LTD.
Attention
1
Contents
4FY2017 Summary Overview2
14Profit Share and Stock3
2Company Profile1
Mid-Term Management Plan for 20184 16
6 35
5 21
The future prospects of the business results, etc., described in this material is based on information that the Company has acquired as of the announcement date of financial report, and there is a possibility that actual business results, etc., will be materially different depending on various factors. Please note that although the Company has made careful efforts to ensure the accuracy of the content of this document, we assume no responsibility for any damage arising from use of this data.
MIURA CO.,LTD. All Rights Reserved.
Laundry Business
MIURA’s New Showroom
Reference 387
1.Company Profile
2MIURA CO.,LTD. All Rights Reserved.
3
1 Company Profile
MIURA CO.,LTD. All Rights Reserved.
Name MIURA CO.,LTD.
Location 7 Horie, Matsuyama, Ehime
Established May 1959
Group company(MIURA CO.,LTD. Included)
Japan: 13Overseas: 15※ As of March 31st, 2018
Employees Group total: 5,552(1,567 employees overseas included)
Business Manufacturing, sale, and maintenance of equipment
Rating “A” maintained as of October 2017 (Publicized by Rating and Investment Information, Inc.)
【Consolidated Net Sales】
83,017101,743
106,500
19,307
23,140 28,500
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
17.3 18.3 19.3
Overseas JapanUnit: Million yen
102,324
<Forecast>
124,883135,000
<IFRS> Unit FY2016 FY2017 Plan FY2017 FY2018 Plan
Revenue Million yen 102,324 120,000 124,883 135,000
Operating profit Million yen 12,401 14,000 13,868 14,800
Profit before income taxes
Million yen 12,898 14,300 14,183 15,000
Profit attributable to owners of parent
Million yen 9,012 9,700 10,363 10,700
Basic earningsper share Yen 80.08 86.19 92.09 95.08
2.FY2017 Summary Overview
4MIURA CO.,LTD. All Rights Reserved.
Result
5MIURA CO.,LTD. All Rights Reserved.
FY2017 Summary Overview
<IFRS> FY2016 FY2017 FY2018(Forecast)
Revenue 102,324 124,883 135,000Cost of revenue 60,176 75,946 81,700Selling, general and administrative expenses 30,247 35,551 39,000
Other income 622 575 500Other expenses 121 91 ーOperating profit 12,401 13,868 14,800Profit before incometaxes 12,898 14,183 15,000Profit attributable toowners of parent 9,012 10,363 10,700
[Unit: Million yen]
Overview of financial summaryJapan
Overseas
2
Stable sales of boiler and tunnel washerFavorable sales of food equipment
Small once-through boiler: Steady sales in steel and machine fieldsMarine business: Decrease in income due to decrease in medium/small
shipbuilding, etc.Laundry business: Steady sales due to hotel linen demand increase
China’s largely-increased income due to environmental regulation tightenedChina: Increasing demand of replacement by gas-fired boilerASEAN region, etc.: Favorable salesKorea and Americas: Steady sales
1,200
1,248
1,180
1,200
1,220
1,240
6
2
MIURA CO.,LTD. All Rights Reserved.
143 141135
140
145
150
plan
△9
result
MarineUnit: 100 million yen△7
China
△2
11
Bonus, R&D expenses,etc.
Income increase effect
ChinaOther
(exchange, etc.)
△2
59
△4
Boiler, laundry,ASEAN, etc.
FY2017 Summary Overview
Analysis
Unit: 100 million yen
Sale
s re
venu
ePr
etax
pro
fit
7MIURA CO.,LTD. All Rights Reserved.
2 FY2017 Summary Overview
Domestic/overseas sales (IFRS)
8301017
1065193
231 285
18.9%
18.5%
21.1%
17.0%
18.0%
19.0%
20.0%
21.0%
22.0%
0
200
400
600
800
1,000
1,200
1,400
1,600
FY2016 FY2017 FY2018(Plan)
Unit: 100 million yen
Overseas Japan Overseas sales ratio
1,248
1,023
1,350
8MIURA CO.,LTD. All Rights Reserved.
2Analysis of Japan domestic sales
28
87 91
69
29
86
104
139
72
35
90
106
170
70
0
20
40
60
80
100
120
140
160
180
Water treatmentequipment &
chemicals
Marineequipment
Food & Medicalequipment
Laundryequipment
Others
Unit: 100 million yen
FY2016 FY2017 FY2018(Plan)
*Nine m
onths only
FY2017 Summary Overview
(Special equipment, New business, Environmental business, group company)
192231
285
170190210230250270290
FY2016 FY2017 FY2018(Plan)
Unit: 100 million yen
9MIURA CO.,LTD. All Rights Reserved.
2
Average exchange rate FY2016 FY2017 Increase rate FY2018 plan Increase rate
USD 108.34 110.85 2.3% 105.00 -5.3%
CAD 82.50 86.43 4.8% 82.00 -5.1%
CNY 16.10 16.74 4.0% 16.40 -2.0%
KRW (100 W) 9.45 10.00 5.8% 9.60 -4.0%
IDR (100 Rp) 0.82 0.83 1.0% 0.80 -3.6%
NTD 3.42 3.70 8.2% 3.50 -5.4%
BRL 32.93 34.47 4.7% 32.00 -7.2%
THB 3.08 3.36 9.1% 3.20 -4.8%
Apart from currency exchange influence, overseas sale increasing actually
9 30
64△10
FY2017 Summary Overview
Factor analysis of overseas sales increaseActual increase
Actualincrease
Currencyexchange
Currencyexchange
10MIURA CO.,LTD. All Rights Reserved.
2
37
65 67
23
44
69
83
3545
70
130
40
0
15
30
45
60
75
90
105
120
135
Americas Korea China ASEAN & others
Unit: 100 million yen
FY2016 FY2017 FY2018(Plan)
FY2017 Summary Overview
Overseas sales
11MIURA CO.,LTD. All Rights Reserved.
2
2,717
2,844
3,047
2,000
2,200
2,400
2,600
2,800
3,000
3,200
US
688 694
729
500
550
600
650
700
750
Korea
416
497
792
200
300
400
500
600
700
800
China
FY2017 Summary Overview
Main overseas sales (in local currency)
Unit: million USD Unit: 100 million KRW Unit: million CNY
12MIURA CO.,LTD. All Rights Reserved.
3,618 3,090
5,250 5,949
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
FY2015 FY2016 FY2017 FY2018(Forecast)
2,855 2,825
3,644 3,588
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
FY2015 FY2016 FY2017 FY2018(Forecast)
2
FY2016 FY2017 FY2018 (Plan)
・New HQ building ・Multipurpose factory ・New showroom opening
・Multipurpose factory ・New showroom construction ・Second factory in China
・Renovation for environment analysis equipment factory
・Air conditioning facility renovation in HQ building
FY2017 Summary Overview
Business investment
Investment examples
[Unit: Million yen] [Unit: Million yen]【Capital investment】 【 Depreciation and amortization 】
13
2
MIURA CO.,LTD. All Rights Reserved.
20
30
40
50
60
70
80
90
100
FY2016 FY2017 FY2018 FY2019 FY2020
【USCG TA obtaining plan changed】
New schedule: Application by March 2019
(In-service vessels)During regular inspection from
September 2017
【BWMS installation timing changed】As of November
2017 revision
As of May 2017 (In-service vessels)
During regular inspection from September 2019
As of May 2018 revision
By March 2018
FY2017 Summary Overview
Sale plan revision of BWMS
2 year postponement
delay
Unit: 100 million yen
3.Profit Share and Stock
12MIURA CO.,LTD. All Rights Reserved.
15MIURA CO.,LTD. All Rights Reserved.
7 8.67 10 10 11 12
11.3311 11 12
17 17
0
5
10
15
20
25
30
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018(Forecast)
【Dividend per share】 Middle End
3
【 Reference 】※ As of March 31st, 2018
・ Total issued shares( treasury stock excluded )
112,546,472 shares・ Treasury stock
12,744,640 shares
Profit Share and Stock
① Sustaining stable dividends② Targeting 30%consolidated payout ratio
FY2017
Total: 28 yen
Middle: 11 yenEnd: 17 yen
FY2018
Total: 29 yen - Forecast
Middle: 12 yenEnd: 17 yen
(Yen)
4.Mid-Term Management Plan for 2018
14MIURA CO.,LTD. All Rights Reserved.
Mid-term management planning
15
4 Mid-Term Management Plan for 2018
Ideal business modelthree years ahead
Plan for next FY
Business environment change
Mid-term management plan for coming years
Annual correction in response to economic fluctuations
Rolling plan
To respond to business environment change, MIURA updates its three-year mid-term management plan every year.
FY2016
FY2017
FY2018
FY2019
FY2020
Mid-termmanagement
plan 20162016-2018
Mid-term management
plan 20172017-2019
Mid-term management
plan 20182018-2020
MIURA CO.,LTD. All Rights Reserved.
FY2017 FY2018Plan
FY2019Plan
FY2020Plan
Net sales 1,248 1,350 1,480 1,600Operating profit 138 148 165 180
Operating profit rate 11.1% 11.0% 11.1% 11.3%
18MIURA CO.,LTD. All Rights Reserved.
4
1017 1065 1125 1175
231 285 355425
18.5%
21.1%
24.0%
26.6%
17%
19%
21%
23%
25%
27%
29%
0
200
400
600
800
1,000
1,200
1,400
1,600
2017 2018(Plan) 2019(Plan) 2020(Plan)
Unit: Hundred million yen
Overseas Japan Overseas ratio
Mid-Term Management Plan for 2018
SummaryUnit: 100 million yen
19MIURA CO.,LTD. All Rights Reserved.
4
FY2017 FY2018Plan FY2019Plan FY2020PlanJa
pan
Boiler 588 594 600 608Water treatment equipment 29 35 37 39Marine equipment 86 90 108 120Food & Medical equipment 104 106 117 124Laundry equipment 139 170 185 195Others (Special equipment, New business, Environmental business) 71 70 79 89
Subtotal 1,017 1,065 1,125 1,175
Ove
rsea
s
Americas (US, Canada, Brazil) 44 45 53 59Korea 69 70 72 75China 83 130 180 230ASEAN & others 35 40 50 61
Subtotal 231 285 355 425Total 1,248 1,350 1,480 1,600
By business category
Mid-Term Management Plan for 2018
Unit: 100 million yen
20MIURA CO.,LTD. All Rights Reserved.
4
980
140 138 130 148 145 165180
ReleaseNov.2017
ReleaseMay2017
ReleaseMay2017
FY2017 FY2018(Plan)
220 231
1017
275
925
1065
325
975
1125
355
425
1175
2851,200 1,248 1,200
1,3501,480
1,300
1,600
Laundry business addition
Mid-Term Management Plan for 2018
Comparison with figure released in FY2017
Unit: 100million yen
Year of release FY2017 FY2018Overseas salesJapan salesOperating profit
Result Present plan
Present plan
Present plan
FY2019(Plan) FY2020(Plan)
5.Laundry Business
MIURA CO.,LTD. All Rights Reserved. 21
INAX Inamoto’s future
22MIURA CO.,LTD. All Rights Reserved.
5 Laundry Business
×<MIURA Group><INAX Inamoto>
Leading company ofcommercial cleaning equipment
We will contribute to creating a society that is environmentally friendly and ways of living that are clean and comfortable through our work in the field of the Energy,Water, and Environment.
23MIURA CO.,LTD. All Rights Reserved.
5Typical customers
Laundry Business
・Railroad/airline company・Taxi company・Building material company・Livestock company・Sugar manufacturer
Dry cleaning Hotel linens-supply
Hospital bedding
Diaper or wet towel rental Dust control
In-house equipment
Coin-operated laundry
Textile processing Uniforms
Laundry cleaning of ordinary households
・Suit・Shirt・Skirt・Dress
Rental &cleaning
・Sheets・Towel・Pillowcase・Yukata
・Blanket・Wiping cloth・Patient’s garment・Mattress
Rental & cleaning・Wet towel・Diaper
Facility-dedicated washing
equipment・Welfare facility・Bath facility・Workwear・Brewery・Medical institution
Rental & cleaning・Mop・Door mat・Roll towel・Workshop rag
Dyeing, stonewashing, etc.・Jeans・Socks・Stockings
Rental & cleaning
・Surgical/nursing gown・Car manufacturing factory・Semiconductor factory・Food factory・Restaurant・Conveniencestore
Others
Rental & cleaningof textile products,
building materials, etc.・Coin-operated laundry store
Washer/dryer
Rental & cleaning
24MIURA CO.,LTD. All Rights Reserved.
5Domestic market share of commercial cleaning equipment*As of March 2018
INAX InamotoApprox. 50%
Tokyo Sensen Kikai Seisakusho
Approx. 30%
Asahi Seisakusho
Approx. 20% ・The largest manufacturer of commercial cleaning equipment・Domestic top share (50%) of large commercial washer and its related equipment・Appealing products・Solutions-oriented sales・Japan’s largest maintenance system in the industry
“Engineering” and “Maintenance” for large-scale linens-supply factories and cleaning
factories
Laundry Business
Provides rental linen items and washes them after use
Combined service of rental & cleaning
Difference between cleaning and linens-supply
25MIURA CO.,LTD. All Rights Reserved.
Laundry Business5
Cleaning
ContractorHotel,
restaurant, etc.
Linens-supply
companyWashing,
finishing, & management
Delivery
Collection
<Advantages>① The fund for linens procurement is not required.② Inventory management is not required.→Reduction of labor costs and stock spaces③ Massive washing & hygienic finishing
Washes goods in terms of general cleaning
Linens-supply
CleaningWelcome!
26MIURA CO.,LTD. All Rights Reserved.
5Main demand of linens-supply
Laundry Business
Business category Demand
Rental of hotel bedding, towels, etc.
Rental of hospital bedding, etc.
Rental of cleaning mop, floor cloth, door mat, etc.
Hotel linens
Hospital linens
Dust control goods
Linens-supply factory
27MIURA CO.,LTD. All Rights Reserved.
5 Laundry Business
Video Approx. 5 min.
Typical linens-supply factory and main products
Dirty zone Sorting
Gray zoneWashing
Clean zoneDryingFinishing/inspection
Assembling zone
Tunnel washerLarge dryer
Extraction
Extractor
Ultra-high pressure extraction largely saves drying costs.
Short time drying with horizontal opposed heated air flow system (Patented)
Energy saving operation software installed (steam consumption reduced by 24% max. compared with our earlier model)
Shipping Zone Receipt Collecting linens from hotels, hospitals, etc.
Sorting by item type
Automatically-controlled large washerFinishing and
automatic foldingRewashing or replacement of items
Sorting and assembling items for each customer
Loading onto delivery trucks and shipping
Specialized large dryer
Linen factory
5 Laundry Business
28MIURA CO.,LTD. All Rights Reserved.
Roll ironerSteam Steam
Steam
Flexible compartment according to the volume of laundry
Delivery
Shipping preparation
Main product: Tunnel washer
29MIURA CO.,LTD. All Rights Reserved.
5 Laundry Business
Massive washer at a linens-supply factory
<Features>① Hygienic thanks to use of high-temperature cleaning
in washing process ② Washing up to 60 kg of clothing per batch for 2 to 3
minutes continuously③ Water saving thanks to rinse water recycling④ Compact design
Tunnel washer
Yamanote line train
Total length: 17.8 m
Total length: 20.0 m
30MIURA CO.,LTD. All Rights Reserved.
5Solution for challenging problem in linens-supply factory
Laundry Business
Problem in linens-supply factoryWashing machines are too large for factory spaces.
Wet laundry items such as sheets are too heavy to handle.
Much laundry needs considerable labor and time.
Washing method differs according to the category of business(e.g. Food industry, manufacturing industry, medical industry, etc.)
Energy saving
Labor saving Automating
INAX Inamoto’s specialty”Engineering” totally solves problems!
What a heavy sheet!Too many・・・Do
I have to work overtime?
Suggestion regarding new establishment/renovation of factory, manufacture, installation, and operation regarding equipment, as well as
after-sales follow-ups
Engineering improves productivity!
31MIURA CO.,LTD. All Rights Reserved.
5 Laundry Business
Sorting
Washing &
Extraction
DryingSorting &Inspection
Shipping preparation
Linens-supply factoryBoiler room
Staffing
Flow of goods
Equipment and systems optimal for limited spaces
Calculation ofrequired steam amount
Optimal peripheral equipment selection
Efficiency improvement of labor and workflow enables massive processing in a short time.
Productivity increase & energy saving by fuel cost cut
Meticulous follow-ups *As of March 2018
32MIURA CO.,LTD. All Rights Reserved.
5 Laundry Business
Maintenance offices 10 locations
INAX Inamoto: 18 locationsMIURA: 100 locations
Our 24 customer service centers respond to you 24/7.
*Separate 8 sales offices (including the Head office in Tokyo)*Hakusan factory and Hakusan technical center in Ishikawa pref. are not included above.
Mid-term management of laundry business
33MIURA CO.,LTD. All Rights Reserved.
5
175 170 185
195
100
125
150
175
200
March 2018 March 2019 March 2020 March 2021
(Unit: 100 million yen) Sales
Laundry Business
<Growth factor>・Foreign tourist increase attributing to the government’s tourism nation promotion policy・Demands of factory capacity expansion and new facility installation regarding international competitions
The cabinet of the Japanese government approved the “Tourism Nation Promotion Basic Plan” to boost inbound tourism consumption.
Item Target from 2017 to 2020 2015 resultJapanese domestic travel expenditure 21 trillion yen 20.4 trillion yenNumber of international visitors 40 million 19.74 millionTravel expenditure of international visitors 8 trillion yen 3.5 trillion yenNumber of repeaters out of international visitors 24 million 11.59 millionNumber of total guests out of international visitors inrural areas
70 million person-nights 25.14 million person-nights
Source: Internet site of the Japan Tourism Agency of the Ministry of Land, Infrastructure, Transport and Tourism
Overseas prosperity in the future
34MIURA CO.,LTD. All Rights Reserved.
5
164 171 177 192 206
280321
350
409
488
404458
517
617
741
150
250
350
450
550
650
750
2010 2013 2016(Forecast)
2019(Forecast)
2022(Forecast)
(Unit: 100 million yen)
Demand for commercial cleaning equipment
Japan China
Others
<Others*>・Living standard improvement
<China>・Elder care facility increase due to proportional increase of elder people・Living standard improvement
<Japan>・Elder care facility increase due to proportional increase of elder people・Foreign tourist increase
Laundry Business
*Australia, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, and ThailandNote 1: Global Industry Analysts' estimateNote 2: Displayed in yen. 1 USD = yen 111.4 at the exchange rate of the end of April 2017Source:COMMERCIAL LAUNDRY MACHINERY - A GLOBAL STRATEGIC BUSINESS REPORT 06/16 (Global Industry Analysts, Inc.)
6.MIURA’s New Showroom
MIURA CO.,LTD. All Rights Reserved. 35
“Total solutions” for customers all over the world
36MIURA CO.,LTD. All Rights Reserved.
MIURA’s New Showroom6
Construction started: March 2017Completion: May 2018Total construction costs:Approx. 2.2 billion yen
・Equipment exhibition・Introduction of our history and founder Tamotsu Miura・Theater room, etc.
・Boiler demonstration room・Soft water experience・CSR initiatives, etc.
Building areaShow room building: Approx. 400 ㎡West unit: Approx. 1,200 ㎡Architectural areaShow room building: Approx. 770 ㎡West unit: Approx. 4,600 ㎡
Total solutions
37MIURA CO.,LTD. All Rights Reserved.
6
Utility equipment
Production equipment
Boiler
Steam Food equipment
Medical equipment
Water treatment equipment
Marine equipment
Laundry equipment
Special boiler
Marine boiler
Unused heatWasted hot
water
Water for boiler, etc.
Air compressorBoiler feed
water heating unit
Closed condensate
recovery system
Effective energy
utilization equipment
MIURA’s New Showroom
7.Reference
MIURA CO.,LTD. All Rights Reserved. 38
History
39
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
1959 1970 1980 1990 2000 2010 2017
1991
2004
(Million yen)
1978
Online maintenance started1986
2009
MI system sale begun
1989
ZMP contract
introduced19741972
(FY)Initial period of boiler business
Growth period of boiler businessInitial period of
diversified business
1959 Incorporation. Full scale production of the Z boiler began.1972 Development of high efficiency boiler. ZMP Contract started.1974 Development of gas-fired boiler with Tokyo Gas Company1977 Commercialization of the MI (Multiple Installation) system1978 Diversified business started1982 Listed shares on the 2nd Section of the Osaka Securities Exchange1984 Listed shares on the 2nd Section of the Tokyo Stock Exchange1986 Patent received for the MI system
1989 Listed shares on the 1st Sections of the Tokyo and Osaka Stock ExchangeDevelopment of AI controlled boiler and ZIS Online Maintenance begun
1991 Development of low NOx boiler
2004 Sale of SQ-2500ZS, the world’s first gas-fired boiler with an NOx value of 25 ppm begun
2009 50th Anniversary. Launch of the SQ-7000Z, high pressure steam boiler.2017 Acquisition of a laundry business company
MI system patented
1977
19841982
F Y 2 0 1 8 s a l e s t a r g e t : 1 3 5 b i l l i o n y e n !
7
Initial period of the Best Partner Strategy
Rearing period of globalization
Growth period of total solution and globalization
Acquisition of a
laundry business company
2017
Reference
MIURA CO.,LTD. All Rights Reserved.
Once-through boiler Water tube boilerFire tube boiler
40MIURA CO.,LTD. All Rights Reserved.
Types of boilers — Same capacity
Reference7
Human activities MI system(Multiple installation) Large boiler
Day
time:
Hig
hlo
adN
ight
tim
e:Lo
wlo
ad
Fire tube boiler
Operation regardless of load
Only required number of boiler in operation
Once-through boilers
◎ Higher efficiency × Poor efficiency
Merit of Once-through Boiler
MIURA CO.,LTD. All Rights Reserved. 41
Reference7
Small capacity boilers in MI system
MIURA MI (Multiple Installation) SystemProvides steam of required amount when needed, reducing operation costs and emission of CO₂ and NOx.
Energy Saving Space Saving Labor Saving Low pollution
Same water content even if the number of potatoes reduced
Water content reduced when the number of potatoes reduced
3 pcs
1 pc
One large capacity boiler
Why is MI system efficient?
42MIURA CO.,LTD. All Rights Reserved.
Reference7
In 1986 MI system patentedMI system
・Energy-saving・Space-saving・Labor-saving・Low pollution
Provide steam when needed and only when needed, low operation costs and reduction of CO2 and NOx.
(Multiple Installation system)Once-through boiler design makes energy savings a reality.
MIURA CO.,LTD. All Rights Reserved. 43
Reference7
44
What is ZMP Contract?Period
3 time inspections per year
Free replacement
Update every 3 years 5 terms (15 years)
Remedy for sudden troubles
Free replacement parts
Anomaly perception
Trouble factor check in advance
Water analysis Online maintenance
Customers’ safety &
relief
Early recovery
Contents
MIURA CO.,LTD. All Rights Reserved.
Reference7
Online Maintenance
Much more effective, easier maintenance work
Maintaining high profitability with “IoT” for 29 years
UserMonitoring
Troubleshooting via Telephone (Data
collection/analysis)
Remote monitoring Visit
Trouble factor grasped
Preparation in advance
Early recovery
45MIURA CO.,LTD. All Rights Reserved.
Reference7
Approx. 60,000 unitsunder contract
*Including equipment other than boiler
(As of April 2018)
Boiler Lifespan and MIURA Business Model
Product sales
Maintenance and chemical sales
Continuous cash flow
Not only the product sales, but maintenance & consumables sales
High quality product
+Reliable
maintenance
Securing repeat customers +
Good relationship with customer
Assuming a boiler has a lifespan of 15 years,
Sales result 1,000 100 100 100 100 100 100 100 100 100 100 100 100 100 100
1st 2nd 3rd 4th 15th・・・
No effect of economic fluctuations
Additional sales of MIURA products other than boiler
46MIURA CO.,LTD. All Rights Reserved.
Reference7
47
Product sales40.6%
Product sales61.1%
Maintenance59.0%
Maintenance27.8%
0% 20% 40% 60% 80% 100%
Profitratio
Salesratio
7
MIURA CO.,LTD. All Rights Reserved.
Laundry
11.1%
Laundry
0.4%
MIURA Maintenance
Network
Offices Approx. 100 offices
Service Engineers Approx. 1,100 engineers
*The whole MIURA group as of March, 2018Maintenance Brings Profits
Reference
Mid & Long Term Management StrategyDomestic
① Total solution・Improving energy efficiency all over the factory & plant all equipped with MIURA products achieving one-stop maintenance
② BWMS・Obtaining USCG type approval ・Taking full advantages of our
technology, maintenance,and customers’ trust in MIURA
Overseas① Deployment of our
Japanese business model・Appealing advantages of MI
system and suggesting energy-saving boiler system
・Globalizing MIURAboiler while increasing installation
② Coal-fired boiler replacement in China
・Introducing gas-fired boiler technology in Japan to meet legal requirements on the fuel shift from coal to gas regarding serious air pollution in China which have been tightened
・Expanding maintenance network to provide maintenance as in Japan
48MIURA CO.,LTD. All Rights Reserved.
Reference7
Domestic share
・NIPPON THERMOENER CO., LTD・IHI PACKAGED BOILER CO.,LTD・Hirakawa Corporation
Competitors・NIPPON THERMOENER CO., LTD・IHI PACKAGED BOILER CO.,LTD・Hirakawa Corporation
・NIPPON THERMOENER CO., LTD・IHI PACKAGED BOILER CO.,LTD・Hirakawa Corporation
CompetitorsCompetitors
Domestic boiler market
Total amount of steam output
Approx.150K t/h
(*) Estimated value
Others
Total amount of steam output of
the marketApprox. 200K t/h
(*) Estimated value
Fire tube boiler
Water tube boiler
74%
MIURAShare No.1 57%
(Note) The share of once-through boilers is based on MIURA’s investigation and the actual results may differ from that.
Once-through boiler
9%17%
Domestic once-through boiler market
*Boilers for power generation excluded(Based on an in-house investigation, September 2017)
49
“Once-through-ism” movement
・SAMSON CO.,LTD.・Kawasaki Thermal Engineering Co., Ltd.・YOSHIMINE CO.,LTD.
Once-through boiler
MIURA CO.,LTD. All Rights Reserved.
Reference7
50
Improve energy efficiency
throughout the factory
Unutilized heatRecoveryequipment
Steam drivenair compressor
Exhaustgas boiler
Water treatment equipment
Food processing equipment
Medical equipment
Marine boilersBallast water managementsystem
Laundryequipment
Maximize efficiency in Boiler
Other than Boilers
Marineequipment
What will we offer for the matured market in Japan?
MIURA CO.,LTD. All Rights Reserved.
Reference7
Ehime Prefectural Central Hotel~Preparation for Emergencies regarding BCP (Business continuity planning)~
Fuel selectable boiler
Filtration equipment
Vacuum-boiling washer
Vacuum cooler
Toughness against disaster
Improved efficiency in cure &
care
Fully-equipped medical
treatment
Steam sterilizer system
51MIURA CO.,LTD. All Rights Reserved.
Reference7
Convenience store
Total solution for food processing
equipment
Defrosting
Water-cooling
Cooking
Cooling Sterilizing
Food
Hospital
School
Nursing home
Total solution in food factory
Vacuum coolerIce storage
water cooler
Saturatedsteam cooker
Steam kettle
Vacuum defroster
Retort sterilizer
52MIURA CO.,LTD. All Rights Reserved.
Reference7
Aquatic organisms
transferred from the
port of unloading to
that of loading
Environmental problems such as ecosystem destruction
“Ballast water” is the seawater taken into a ship’s tank to provide stability to the ship.
3 to 4 billion ton seawater
transferred per annum
Noload
Aquatic organisms
Waterfilled
Ballast tank
Water discharged
Fullload
53
The Ballast Water Management Convention (adopted in 2004)
→Installation of ballast water treatment equipment is obliged
Obligatorysince Sep. 2019
Obligatorysince Sep. 2017
Newly built ships
Existing ships
Ballast water problem “A new market born”
Port of loadingPort of unloading
Ecosystemdestruction
Reference: document issued by the MLIT
Sailing
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Reference7
54MIURA CO.,LTD. All Rights Reserved.
7
ASEAN177,100 t/h
Boiler market share *Based on total amount of steam output(Based on an in-house investigation, March 2018)
Mainly Large, Low-efficiency boilers
80% of the market is coal-firedboilerswhich is rapidly switching over to natural gas.
Reference
※As of March 2018
PhilippinesExpands our support area from Manila to remote islands.
MARUSE ENGINEERING(V)CO.,LTD.Establishes offices in major cities.
PT. MIURA INDONESIA
Handles exports to ASEAN.
7
55MIURA CO.,LTD. All Rights Reserved.
MIURA's Network
5 Factories95 Offices
1 Factory5 Offices
1 Factory116 Offices
MIURA BOILER BRAZIL LTD.Started manufacturing in March 2016.
MIURA BOILER MEXICO S.A. DE C.V.Provides solutions for the Mexican domestic market.
MIURA CANADA CO.,LTD.Provides solutions for the North American market.
MIURA AMERICA CO.,LTD.Handles North America market and exports to Central America.
KOREA MIURA CO.,LTD.Handles Korean domestic market and exports to Russia and CIS countries.
MIURA TAIWAN CO.,LTD.Handles Taiwan market and export to ASEAN.
MIURA INDUSTRIES(CHINA)CO.,LTD.Handles Chinese domestic market and exports to ASEAN.
MIURACO.,LTD.
MIURA NETHERLANDS B.V.Provides our services to ship owners in Europe.
RussiaHandles not only Russia domestic market but also exports to GOST countries.
MIURA TURKEY HEATING SYSTEMS INDUSTRY CO.,LTD.Looks toward the European and CIS country markets.
Sri LankaProvides sales and maintenance services through appointed dealers.
BangladeshProvides sales and maintenance services from Dhaka.
MIURA INDUSTRIES(THAILAND)CO.,LTD.Provides solutions for the Thai domestic market.
MIURA SINGAPORE CO PTE.LTD.An ASEAN hub office
MalaysiaHandles exports to ASEAN countries.
1 Factory37 Offices
1 Factory3 Offices
1 Factory10 Offices
3 Offices
1 Factory1 Office
3 Offices
1 Factory2 Office
1 Office
1 Office
2 Office
1 Office
1 Factory4 Offices
1 Office1 Office
MyanmarExpands our support area from Yangon area.
CambodiaSells products from Thailand and provides maintenance servicesthrough local dealers.
Reference
MIURA CO.,LTD.Management Planning Department
TEL 089-979-7045FAX 089-979-7011
URL http://www.miuraz.co.jp
Contact
MIURA CO.,LTD. All Rights Reserved.