- Business
- Shinhokoku Material Corp. (TSE:5542) manufactures and sells special alloy materials and precision processed products primarily for semiconductor, flat panel display (FPD), steel, and environmental industries in Japan. The company offers low thermal expansion alloy castings and forgings for semiconductor and FPD manufacturing equipment; heat-resistant and wear-resistant casting alloys; high-temperature and high-strength alloy castings for steel industry applications; alloys for incinerator grates (EGNIS series) and furnace bottom air nozzles of biomass power generation boilers; precision processed parts; forged products including bars and wires; steel pipe manufacturing tools; electrical resistance materials; special welding rod core wires; and contract rolled and drawn wire processing services, alongside real estate leasing. It operates through Special Alloy and Real Estate Rental segments, with facilities including headquarters in Kawagoe, Saitama, and a Mie plant. Founded in 1939 and formerly known as Shinhokoku Steel Corporation until its name change in October 2021, the company is headquartered at 5-13-1 Arajuku-machi, Kawagoe, Saitama, Japan. In recent developments, Shinhokoku Material announced long-term goals in February 2024 targeting 10 billion yen in sales by its 80th anniversary in 2029 through Invar Global Niche Leader strategy, emphasizing creative R&D in invar alloys for semiconductors, aerospace, and hydrogen environments; establishment of three manufacturing pillars (casting, 3D additive manufacturing, forging) with planned investments exceeding 2 billion yen over six years; expansion into space applications like JAXA's Mars Exploration Satellite-MMX and JASMINE projects using IC-LTX alloy; commercialization of AMed invar-type alloys; and decarbonization efforts including sustainable alloys and carbon neutral initiatives by 2050. The company projects 2024 sales of 6.6 billion yen and ordinary profit of 710 million yen, with a dividend increase to 40 yen per share, amid expected semiconductor market recovery and new demand in flying cars, data centers, and environmental sectors. It maintains about 100 employees and focuses on domestic customers in high-tech manufacturing while pursuing overseas collaborations via networks and conferences.