The Japanese company SOLIZE Corporation, a provider of industrial 3D printing services, was successfully listed on the Tokyo Stock Exchange in the standard market segment on February 7, 2024 (stock code: 5871). SOLIZE is a global product development partner that utilizes digital technologies such as 3D printing.
In the run-up to the IPO, SOLIZE reported sales of 19.8 billion yen (approx. USD 132 million) for 2023 (as of December 31, 2023), an increase of 11.2% compared to the previous year. Sales are split between the two divisions of design and manufacturing. SOLIZE’s main customers are primarily automotive groups, including Honda Motor Co. which accounted for around 20% of Group sales in the past financial year. Toyota is also a customer.
With a view to further growth, SOLIZE plans to increasingly support future areas such as the electrification of vehicle fleets and the design of vehicle interiors, where demand for outsourcing is increasing. According to SOLIZE, the demand for additive manufacturing is steadily increasing. In addition to prototype production, small series end applications are increasingly being used. SOLIZE can draw on over 30 years of experience in supporting 3D printing projects.
SOLIZE’s production business is based on the know-how acquired over 30 years. SOLIZE offers prototyping, small series production as well as material and technology consulting for the use of 3D printing processes. SOLIZE also sells 3D printers, including those from HP and 3D Systems, and offers maintenance services. According to the company, the demand for 3D printers and services is constantly increasing, meaning that this business segment is expanding. For 2023, SOLIZE expects sales of 3.749 billion yen (approx. USD 25 million) in the production division, which corresponds to an increase of 8.5%.