SOLIZE Corporation, a pioneering industrial 3D printing service provider in Japan, went public and was listed on the Tokyo Stock Exchange Standard Market on February 7, 2024 (stock code: 5871). SOLIZE is a global product development engineering partner company that utilizes digital technologies such as 3D printing technology to innovate digital manufacturing.
Ahead of its listing on the Tokyo Stock Exchange, SOLIZE reported it had generated revenues of 19.8 billion yen (about $132 million) in 2023 (as of December 31st, 2023), up by 11.2% compared to the previous year. This is based on the group’s two main revenue segments: design business and manufacturing business. SOLIZE’s key customers are mainly in the automobile industry, including Honda Motor Co., Ltd., which accounted for approximately 20% of consolidated sales in the previous fiscal year.
Last September, the company revealed that HP Jet Fusion 3D printed products manufactured by SOLIZE have been adopted for automatic transmission (AT) oil cooler ducts, which are installed as a genuine optional part for the “LEXUS LC500”. These are manufactured and sold by Toyota Motor Corporation (hereafter, Toyota). This is the first case in Japan where a 3D printed product has been adopted as a genuine optional part by a domestic automobile manufacturer. In addition, SOLIZE was registered as an authorized supplier of Toyota for the first time as a parts manufacturer that supplies 3D printed parts.
Anticipating continued expansion in investment and development, the company plans to provide support for cutting-edge areas such as fleet electrification and comprehensive contract design support for interior and exterior areas, where outsourcing is increasing. Additionally, SOLIZE reports that the application and demand for additive manufacturing are expanding.
In addition to conventional prototype applications, applications for final parts for small-volume mass production are gaining momentum. Utilizing its long-term experience, the company provides engineering support from the upstream process and final stage for the utilization of 3D printers.
SOLIZE has contributed to the expansion of the 3D printer market in Japan, and this year the company plans to continue to do so. The company’s manufacturing business is based on 3D printing technology and knowledge it has accumulated over more than 30 years. Utilizing this know-how and its in-house modeling equipment (including 3D printers), SOLIZE offers evaluation and verification in product development.
The company also provides prototype parts used in production and mass-production of parts used in final products. It provides support services for the development of new materials and the introduction of additive manufacturing technology. SOLIZE is also a reseller of 3D printer hardware, including both HP and 3D Systems machines, and offers maintenance services.
According to SOLIZE, demand for 3D printers and related maintenance services is increasing, and the manufacturing business is expanding. In the fiscal year 2023 (ending December 2023) revenues from the Manufacturing business are expected to be 3,749 million yen (about $25 million US), up 8.5% from the previous fiscal year.