Sanko HD Research Memo (4): Core products such as shutters and car doors have achieved high market share in 3 regions: Japan, the United States, and Europe.

Fisco Japan · Jun 17 14:34

■三和ホールディングス＜5929＞の会社概要

3. 主要製品の概要

同社グループは、国内市場で、文化シヤッター＜5930＞、東洋シヤッター＜5936＞などの競合他社を凌ぎ、売上高トップを占める。また、米州でも1位、欧州でも2位を占めるなど、世界的に圧倒的なシェアを誇っている。製品別に見ても、同社は多くの製品で国内市場トップにあり、米州・欧州においても上位を占めている。

同社の製品は、シャッター、ドア、開閉機などが基幹商品であり、戸建住宅、集合住宅、商業施設、オフィス、学校、医療・福祉施設、工場・倉庫など、多くの場所で使われている。最も代表的な製品は、社名にもあるシャッターである。国内市場では、スラット部分の板厚によって軽量シャッターと重量シャッターに分類されている。軽量シャッターはガレージや商店用の比較的小さなもので、重量シャッターはビル、工場、倉庫などの大型建築物で使用される。同社グループは、これらシャッター製品で国内、米州市場で1位を占めている。

ドアについてはマンションの玄関ドアやオフィスビルなどの防火扉、病院や福祉施設用引き戸（いわゆる病室の入り口のドア）など様々なものをラインナップしている。これらドア製品についても、同社グループは国内市場で首位を、米州、欧州においても上位を占めている。

その他、多様化商品として間仕切、アルミ／ステンレスフロント、ストアフロントやメールボックスなどのエクステリア製品、自動ドア、軽量引き戸なども取り扱う。ストアフロントは、商業施設やビルのエントランスに設置されるものである。メールボックスは集合住宅の郵便受けがメインだが、近年はいわゆる宅配ボックスも伸びている。エクステリア製品は、主に国内で販売している。

（執筆：フィスコ客員アナリスト　国重希）

Company overview for Sanwa Holdings <5929>.

3. Overview of major products.

The company group dominates the sales revenue market, surpassing competitors such as Bunka Shutter <5930> and Toyo Shutter <5936> in the domestic market. Additionally, it holds the top position in the Americas and second place in the European Index, boasting an overwhelming share internationally. Even looking at products, the company holds the top position in many domestic markets, and is also among the top performers in the Americas and European Index.

The company's products, such as shutters, doors, and opening and closing mechanisms, are core products and are used in many places such as detached houses, apartment buildings, commercial facilities, offices, schools, medical/welfare facilities, factories and warehouses. The most representative product is the shutter, which is also in the company's name. In the domestic market, shutters are classified into lightweight shutters and heavy shutters depending on the thickness of the slats. Lightweight shutters are relatively small for garages or shops, while heavy shutters are used in large buildings such as buildings, factories, and warehouses. The company group holds the top market position in these shutter products in the domestic and Americas markets.

For doors, the company offers a wide range of products such as entrance doors for condominiums and fire doors for office buildings, as well as sliding doors (also known as the entrance doors to hospital patient rooms) for hospitals and welfare facilities. The same applies to door products, where the company group holds the top position in the domestic market, as well as among the top companies in the Americas and European Index.

Other diversified products include partitions, aluminum/stainless steel fronts, exterior products such as storefronts and mailboxes, automatic doors, and lightweight sliding doors. Storefronts are installed at the entrance of commercial facilities or buildings. Mailboxes mainly refer to mailboxes for collective housing, but recently, so-called delivery boxes have also been on the rise. Exterior products are mainly sold domestically.

(Written by FISCO guest analyst Nozomi Kokushige).

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

三和ＨＤ Research Memo（4）：シャッターやドアなど基幹商品は、日・米・欧の3地域で高シェアを獲得

Sanko HD Research Memo (4): Core products such as shutters and car doors have achieved high market share in 3 regions: Japan, the United States, and Europe.

Risk Disclaimer

Statement