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Press Release

October 4, 2021

Mitutoyo and HINODE Holdings Sign Business Alliance Agreement

Mitutoyo corporation (Head office: Kawasaki City, Kanagawa Prefecture, President: Yoshiaki Numata) and HINODE Holdings Co., Ltd. (Head office: Fukuoka City, Fukuoka Prefecture, President: Noriyuki UraKami) have concluded a business alliance agreement for consignment of production, research and development, introduction of technology, and joint development, including their own subsidiaries, in order to mutually develop by utilizing the business fields in which each company has expertise.
In addition to the production of cast parts using self-hardening molds at Mitutoyo's Gohara Plant (Kure City, Hiroshima Prefecture) at each plant of Hinode Holdings, the two companies will jointly promote future research and development of casting technology to build a system that will enable the delivery of better products to customers.

<Company Profile>
Mitutoyo Corporation
Name Appointment
Location 1-20-1 Sakado, Takatsu-ku, Kawasaki City, Kanagawa
Establishment October 22, 1934
President Yoshiaki Numata
Capital 391 million yen
Business fields Manufacture and sale of precision measuring instruments
Sales amount 93.9 billion JPY (consolidated) (fiscal year ending December 31, 2020)
Number of employees 5,250 (consolidated) (as of December 31, 2020)
HINODE Holdings Co., Ltd.
Name Appointment
Location HINODE Building, 5-8-18 Katakasu, Hakata-ku, Fukuoka City, Fukuoka
Establishment September 1, 2003
President Noriyuki Urakami
Capital 27 million yen
Business fields Manufacturing and sales of cast iron, aluminum, stainless steel and precision castings; cutting and grinding of metal products; customization of casting materials; trial manufacture of cast iron products
Sales amount 28.7 billion JPY (consolidated) (fiscal year ending March 2021)
Number of employees 1,365 (consolidated) (as of March 31, 2021)