Company Visit Report: Misawa Homes of Finland Ltd

Misawa Homes of Finland is a sawmill located in Lastaajankatu 3, Mikkeli, Finland. It was established on August 24, 1994. Mikkeli is a transport hub between Helsinki (3½ hours by bus) and eastern Lakeland or Kuopio (2½ to four hours by bus) to the north. Therefore, the founder chose Mikkeli to start the company to take advantage of its important position. Since 1994 Misawa Homes of Finland Ltd has manufactured and exported White Wood (spruce) kiln-dried (KD) lumber to Japan, and purchased it from Scandinavia and other EU countries. Misawa Homes of Finland is part of Misawa Homes Group which head office is placed in Tokyo, Japan. The Misawa Homes Group was officially established in 1967. Since then, Misawa Homes Group has enormously developed in various businesses such as production and sale of housing materials and components, architectural, real estate brokerage, housing items, operation of senior living facilities and supply of nursing care services, research and development, and educational/consulting services relating to each of the foregoing items. Until 2010, Misawa Homes Group has had the total capital of ¥23,412,999,000.
Misawa Homes of Finland does not totally belong to Misawa Homes Group. Misawa Homes group accounts for only 50% of Misawa Homes of Finland’s Shareholders. Other big shareholders, each of which owns 15-16% of Misawa Homes of Finland, are Techno Factories and Construction Co., Ltd., Yamanashi Housing Industries Co., Ltd., and Nanatanigawa Lumber Industrial Co., Ltd Japan. The other smaller shareholders, each of which owns only 2% of Misawa Homes of Finland, are Metsäliitto Cooperative, Espoo, Finland and South-Savo Energy, Mikkeli, Finland.
Misawa Homes of Finland locates all of its head office, manufacturing section and warehouse in a same place in suburb Mikkeli, Finland. Total area of the company’s property is 45,652 square meters, 2,420m2 of which is used for sawmill. Kiln dry area accounts for 528 m2 with 6 chambers and 1427m2 with