MISUMI Group Inc. Overview
Company Headquarters: Japan
Founded: 1963
Workforce: ~12,300
Company Working:
MISUMI Group Inc. designs, manufactures, and sells press die, plastic mold, automated machinery, electronic components, and wiring. It operates through two business segments– manufacturing and distribution. The company operates through three business segments, namely, factory automation (FA), die component, and VONA. Its die component business offers mold parts and handles dies to manufacture automobile components, electronic components, and electronic equipment. The company’s FA business segment offers various parts and components used in industrial automation and other applications. Its VONA business segment offers connectors, switches, cables, transformers, end mills, and hand gloves.
MISUMI Group Inc. has major business operations located in Asia-Pacific, Europe, and North America. It has approximately 261,998 customers, 63 sales offices, 16 logistics sites, and 23 manufacturing facilities, globally. Dayton Lamina Corporation, SURUGA Production Platform Co., Ltd., Suruga Seiki (nantong) Co. Ltd., Connell Industrial Tool Corporation, and SP Parts Co., Ltd. are some of the subsidiaries of the company.
Strategy
MISUMI Group Inc. is focusing on leveraging its unique business model, which encompasses both manufacturing and distribution businesses and enhancing its customer base to ensure sustainable growth in the global market. It is investing in the adoption of advanced technologies such as digital manufacturing and industrial automation. Moreover, the company concentrates on offering customized die casting solutions and incorporating technological innovation in its products
to ensure customer satisfaction and expand its business operations, globally. It is further working on strengthening its business model by promoting local production, local sourcing for optimal procurement, as well as expanding logistics sites in Japan, and overseas markets.
