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Csr Report 2018 CSR REPORT 2018 010_0810390383012.indd 2 2018/12/19 13:23:47 About Mitsubishi Steel Shift from “Processing Special Steel” to “Creating Added Value from Materials” The history of the Mitsubishi Steel Group began with Tokyo Spring Works, the first spring manufacturer in Japan, established in 1904. Since then, in the course of a history of over 100 years, we have advanced as a company “Processing Special Steel.” As we look toward the next 100 years, we will contribute to the progress of society by responding to changes in the world and growing into a company “Creating Added Value from Materials.” Mitsubishi Steel’s Evolution into “Creating Added Value from Materials” Establishment of business foundation Improvement of manufacturing foundation and technological 1919 1937 1949 1953 1994 1965 Special Steel Bars Division of Tokyo Ohjima Works and Fukaga- Works was transferred to Muroran City, wa Steel Works combined and its production was transferred to into as Tokyo Works. Mitsubishi Steel Muroran Inc. Former Mitsubishi Steel Mfg. Co., Ltd. Established as Nagasaki Steel Works of Mitsubishi Shipbuilding & Engineering Co., Ltd., and commenced manufacturing steel castings and forgings. Became independent from Nagasaki Shipbuilding & Engineering Works and started out as Nagasaki Steel Works of Mitsubishi Heavy Industries, Ltd. Nagasaki Steel Mfg. Co., Ltd. took over the operations of Nagasaki Steel Works of former Mitsubishi Steel Mfg. Co., Ltd. Changed the name to Mitsubishi Steel Mfg. Co., Ltd. Tokyo Works Mitsubishi Steel Muroran Inc. 1942 1964 1993 1904 1949 1952 Newly established Chiba Works, 2005 and Springs Business Division was Hirota Works was established, transferred from Tokyo Works. absorbing Ryokoh Casting Co., Ltd. Two firms merged into Mitsubishi Steel Mfg. Co., Ltd. Changed the name to Mitsubishi Steel Co., Ltd. Tokyo Spring Works was founded. Two Mitsubishi companies merged into Mitsubishi Steel Mfg. Co., Ltd. Tokyo Steel Co., Ltd. took Tokyo over operations of Ohjima Fukagawa Steel Works, Steel and Hirota Works Works. Hirota Works Former Mitsubishi Steel Co., Ltd. Chiba Works Communication Map Editorial Policy Purpose The CSR Report is formulated to facilitate stakeholders to deepen their Wider understanding of the various activities by the Company. Corporate Brochure Period of Application The period of application is stated as fiscal 2017 (April 1, 2017 to March 31, 2018), CSR Report however, some matters relate to outside the period. Scope of Application Range of target readers Website The scope of application is stated as Mitsubishi Steel Mfg. Co., Ltd., however, it also applies to some Group companies. Narrower Importance and Completeness Summary/general idea Contents Detailed information/data Issues of high importance in the Mitsubishi Steel Group and in society are reported in the “CSR Report 2018.” For more detailed information, please visit our website. 1 MITSUBISHI STEEL MFG. CO., LTD. CSR REPORT 2018 010_0810390383012.indd 1 2018/12/19 13:23:48 Corporate Philosophy 1. Customer First 2. Development of New Technology 3. Maximizing Human Capital We are committed to supplying our customers with We focus on manufacturing excel- We are committed to creating a pleasant products of superior quality and features in response lence with a competitive edge in and vigorous work environment, em- to their needs while continuing to strive for more the global market while pursuing bracing a diverse workforce with various competitive costs and improved customer services. more advanced technology. talents to achieve their full potential. 4. Challenge for the Future 5. Contribution to Society We welcome any challenge with passion and Our management that is based on compliance contributes creativity to respond confidently to ever-changing on progress of society through the business activities with world markets. environmental consideration. development “Creating Added Value from Materials” 2006 About Mitsubishi Steel Opened Research & Development MSSC MFG MEXICANA, S.A. DE C.V. MSM Ningbo Spring Co., Ltd. 2016 Center within Chiba Works. was established in Mexico. was established in China. Aims of Mitsubishi Steel MSM Ningbo Spring Co., Ltd. Research & Development Center MSSC MFG MEXICANA, S.A. DE C.V. PT. MSM INDONESIA was Opened Jakarta Branch of PT. MSM established in Indonesia. INDONESIA in Indonesia. 2018 Acquired additional shares of PT. Acquired whole shares of Gebrüder Ahle GmbH & Co. 2014 JATIM TAMAN STEEL MFG., and KG(“Ahle”), spring manufacture in Germany. (In Septem- MSM SPRING INDIA PVT. LTD. made it subsidiary company. ber, Company name changed to MSSC Ahle GmbH.) Mitsubishi Steel’s Value Creation Value Mitsubishi Steel’s was established in India. MSM SPRING INDIA PVT. LTD. PT. JATIM TAMAN STEEL MFG. MSSC Ahle GmbH Corporate and Financial Information CSR Report 2018 Contents About Mitsubishi Steel Mitsubishi Steel’s Value Creation Shift from “Processing Special Steel” to Creating Value Together with Society P9 “Creating Added Value from Materials” P1 Corporate Governance P10 Business of Mitsubishi Steel P3 With the Environment P14 With Society P16 Aims of Mitsubishi Steel President’s Message P4 Corporate and Financial Information Contribution to Society and Initiatives P7 Corporate and Financial Information P19 MITSUBISHI STEEL MFG. CO., LTD. CSR REPORT 2018 2 010_0810390383012.indd 2 2018/12/19 13:23:48 About Mitsubishi Steel Others 3.1% Special Steel Bars Business of Mitsubishi Steel Machinery 42.4% 7.5% Steel The Mitsubishi Steel Group is transforming its business model from “Processing Special Steel” Consolidated Castings into “Creating Added Value from Materials” to achieve sustainable growth and enhance Sales Breakdown by and Product corporate value over the medium- to long-term. We are committed to responding to the Forgings diverse needs of our customers and further expand our business fields by making use of our 8.6% strength—a manufacturer with an integrated production system covering everything from Springs materials to products—and maximizing synergies through collaboration between segments. 38.4% (FY2017 ended March 2018) Special Steel Bars Business We produce special steel from blast furnace molten iron featuring high strength and durability for demanding usage in construction machinery, etc. Special steel bars (carbon steel, low-alloyed steel, spring steel, non- Products heated steel, bearing steel, free-cutting steel, tool steel, nitride steel) Domestic: Muroran City, Hokkaido, Japan Bloom Production bases Overseas: Indonesia Continuous Caster Full Continuous V-H Rolling Machine Principal final uses Construction Machinery, Automobiles, Industrial machinery, Machine Tools, etc. Springs Business We offer a large selection of products ranging from precision springs to supersized springs through an integrated production system covering everything from materials to products, which is offered only by the Group in Japan. Our market share for heavy duty coil springs for construction machinery enjoys the largest proportion in the world. Hinges for various use Coil springs, stabilizer bars, leaf springs, torsion bars, coiled wave springs, precision springs, various hinges, precision press products, plastic molded Products products, press assemblies, and repair parts and products for automobiles and construction machinery Domestic: Ichihara City, Chiba Prefecture, Japan Production bases Overseas: Canada, U.S.A., China, India, Philippines, Mexico, Germany Automobiles, Construction Machinery, Information and Communication Heavy-Duty Coil Principal final uses Equipment, etc. Springs Formed & Fabricated Products Business In a business field that creates added value from materials, we manufacture formed & fabricated products applicable to a wide range of fields, through casting and other processing technologies. Castings, precision castings, precision forgings, general forgings, special alloy materials, Products special alloy machinery products, special alloy powder and fine special alloy powder Domestic: Aizuwakamatsu City, Fukushima Prefecture, Japan Production bases Overseas: Thailand Precision Castings Principal final uses Automobiles, Construction Machinery, Industrial Machinery, etc. (turbocharger parts) Super-alloy powders Machinery Business We offer a wide range of products that support key industries with machinery and plant engineering technology. Forging machinery, general industrial machinery, steel fabrication, Products environmental equipment, magnetic separators, conveying equip- ment, weighing instruments and anti-vibration equipment Production bases Domestic: Nagasaki City, Nagasaki Prefecture, Japan Principal final uses Industrial Machinery, etc. Forging Machinery (Ring Rolling Mills) Forging Machinery (Forging press) 3 MITSUBISHI STEEL MFG. CO., LTD. CSR REPORT 2018 010_0810390383012.indd 3 2018/12/19 13:23:51 Aims of Mitsubishi Steel President’s Message We will achieve sustainable growth with our About Mitsubishi Steel stakeholders President & CEO Motoyuki Sato Aims of Mitsubishi Steel The mid-term market environment is likely to remain steady due to the recovery in the construction machinery industry and resilience in the automobile industry. In fiscal 2017, which is the second year of the Five-year Mid- an investment to expand production and research and term Business Plan, both the construction machinery industry development initiatives from a medium- to long-term Mitsubishi Steel’s Value Creation Value Mitsubishi Steel’s and the automobile industry, which are our major customers of perspective
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