An Article on Our Company Appeared in Diamond’s Legacy Company 5!
Our company was covered in the book Legacy Company 5, published by Diamond on October 27!
Joining a list of 30 prestigious companies, we were profiled in a six-page article.
The subtitle of the Legacy Company series of books is “Long-Standing Companies Spanning Generations and the Drama of Their Traditions and Innovations.”
In Legacy Company 5, 30 companies were profiled, many of which have histories much longer than our 65 years, with 14 having been founded more than a century ago and four more than two centuries ago: the single oldest company on the list was Ohtsuka Sangyo Material Co., Ltd., which was founded 314 years ago.
Long-standing companies have of course overcome the waves of massive recession that come by roughly every decade or so, such as the bursting of Japan’s bubble economy, the 2008 financial crisis, and the ongoing COVID-19 pandemic.
I believe that in this process, such companies have not only preserved their traditions but have also achieved numerous innovations.
Here at our company, too, even though our name is Morikawa Gauge Works, our current sales ratio for gauges is less than 1%, so, while the name is meant to show our ongoing pride in our ability to produce the gauges that serve as the basis and standard for the measurements that are required for manufacturing, practically speaking we have already ceased to be a gauge specialist.
Our main focus has already shifted to the design and manufacture of hydraulic equipment and the manufacture of diesel engine equipment for ships, so that now it would probably be more accurate to call us “Morikawa Valves” or “Morikawa Precision.”
We are constantly updating the products that we handle, in order to respond to the changing times, the changing market, and the changing needs of our customers.
Nevertheless, we can take pride in the fact that our corporate philosophy, which forms the core of our business, has never wavered even the slightest.
As our company is still developing, we will need to innovate many more times going forward.
We are deeply grateful for the efforts of all of our stakeholders who have supported and patronized us over the years so that we have become the company that we are today, and we will continue to strive to “change what should be changed, and keep what should be kept.”
We hope that we can continue to rely on you!