Marumae's History and Milestones
The Beginning: 1965–1999
Marumae was founded by the late Tsutomu Maeda in 1965 during Japan's period of rapid economic growth. The company began as an ironworks engaged in plate working and plumbing. In 1997, a separate R&D business (which now serves as the core of Marumae's operations) joined the company, and we began producing steam turbine blades for power plants, robotic arms, and other manufacturing industrial parts by machining. These activities formed the foundation of today's Marumae.
|Apr. 1965||Tsutomu Maeda (former president and adviser) privately founded an ironworks in Izumi, Kagoshima.|
|Oct. 1988||The ironworks was reorganized into Marumae Kogyo Ltd. (the current Marumae) with capital of 2 million yen.|
|1992*||Toshikazu Maeda (the current president) privately founded T'sM's R&D (currently one of Marumae's businesses) to manufacture motorcycle parts.|
|Sep. 1997||Marumae Kogyo Ltd. took up the business of T'sM's R&D and established an R&D division for machining.|
* Exact month unclear
The 2000s saw the rapid spread of computers, mobile phones, and other communication devices. LCD TVs and other high-performance electrical goods were also put onto the market at this time.
Marumae ventured into the field of flat panel displays (FPDs) and began to focus on the manufacture of vacuum components.
Following the relocation of the headquarters and factory in 2003, Marumae expanded its scope of business by focusing on the production of large-scale products while simultaneously entering the field of solar cell manufacturing. Marumae was listed on the Tokyo Stock Exchange (TSE) Mothers index in 2006.
|Apr. 2001||Changed the company name to Marumae Co., Ltd., and reorganized with capital of 10 million yen.|
|Dec. 2003||Completed the Takaono Factory and relocated the headquarters to that site.|
|Dec. 2004||Selected for the Green Sheet system managed by the Japan Securities Dealers Association.|
|Dec. 2005||Completed the 2nd factory at Takaono.|
|Dec. 2006||Listed on the TSE Mothers index.|
|Feb. 2007||Started operations at the Kumamoto Factory.|
|Mar. 2008||Completed the 4th factory at Takaono.|
|Apr. 2008||Started operations at the Kanto Factory in Asaka, Saitama.|
The 2009 financial crisis dealt a significant blow to both the solar cell and flat panel display industries. Marumae focused on recovery through alternative dispute resolution (ADR) while pivoting its core business to semiconductors.
|Apr. 2011||Closed the Kumamoto Factory.|
|Jul. 2011||Initiated procedures for revitalizing business through ADR.|
New Growth: 2014–2020
Starting around 2015, when we completed our business revitalization plans ahead of schedule, demand for semiconductors saw a sharp uptick owing to the spread of smartphones and the proliferation of cloud servers worldwide. In light of these trends, Marumae took resolute steps in capital investment as a manufacturer of vital components for semiconductor production equipment (SPE). This brought new growth to the company, securing it a place on the First Section of the Tokyo Stock Exchange (TSE).
|Jan. 2015||Completed implementation of business revitalization plans through ADR.|
|Jun. 2015||Completed the 5th factory at Takaono.|
|Oct. 2015||Completed the 6th factory at Takaono.|
|Nov. 2016||Established a development department.|
|Jan. 2017||Completed the 7th factory at Takaono.|
|Jan. 2018||Moved to the Second Section of the TSE.|
|Apr. 2018||Started operations at the Izumi Factory in Kagoshima.|
|Nov. 2018||Listed on the First Section of TSE.|
|Feb. 2019||Relocated the headquarters to the Izumi Factory.|
|May 2019||Completed the 8th factory at Takaono.|