Company

History

1949
Mutual Trading Co., Ltd. (presently known as Mutual Corporation) was established with a capital of 1.5 million yen in Ukita-cho, Kita-ku, Osaka to export Japanese-made equipment.
1953
Tenrokuhankyu Building

The head office was relocated to Tenrokuhankyu Building in Tenjinbashi, Oyodo-ku (presently known as Kita-ku), Osaka.

The company started to import industrial diamonds from Europe.
1961
Batch production at CAM's factory

The company started to sell packaging equipment in Japan.
1963
Tokyo Office (presently known as Tokyo Branch) was opened in Ginza, Chuo-ku, Tokyo.
1968
Mutual Automatic Machine Company was established as a subsidiary to manufacture automated equipment and provide after-sales service.
1978
Shizuoka Local Office (presently known as Shizuoka Sales Office) was opened in Shizuoka City, Shizuoka Pref.
1979
Techno Automatic Machine Mfg. Co., Ltd. was established and absorbed Mutual Automatic Machine Company through a merger. Proprietary equipment, including PTP packaging equipment, was developed.
1982
First PTP Packaging Machine, Model HM-225

Technical Center (presently know as Osaka Technical Center) was opened in Izumiotsu City, Osaka as a hub to display imported equipment and provide modification and after-sales service.
1987
Fukuoka Local Office (presently known as Fukuoka Sales Office) was opened in Onojo City, Fukuoka Pref.
Tokyo Technical Center was opened in Usui-machi, Inba-gun, Chiba Pref. (later relocated to Koshigaya City, Saitama Pref.).
1994
Wist Co., Ltd. was established.
1996
Techno Automatic Machine Mfg. Co., Ltd. was absorbed by Mutual Corporation through a merger.
2001
Private tour

Osaka Technical Center underwent renovation and a new showroom was opened.
2003
Toyama Sales Office was opened in Toyama City, Toyama Pref.
Stock was registered over-the-counter (OTC) with the Japan Securities Dealers Association.
2004
The OTC registration with the Japan Securities Dealers Association was canceled and stock was listed on the JASDAQ Securities Exchange.
2005
Pharmalead Engineering Co., Ltd. was established.
2010
Carton labeler manufactured by Sansei Seiki

Sansei Seiki Co., Ltd. (presently located in Yachimata City, Chiba Pref.) became a consolidated subsidiary.
2011
Mutual Corporation acquired ISO 9001 and ISO 14001 certification.
2013
Liquid filling machine

Kanto factory (presently known as Chiba Office) was opened in Yachimata City, Chiba Pref.
2015
Subsidiary company, Pharmalead Engineering Co., Ltd., was absorbed by Mutual Corporation through a merger.
2022
Mutual Corporation became a subsidiary of Ms Co., Ltd. following a public tender offer.
Stock was delisted from the Tokyo Stock Exchange.
2023
Mutual Corporation merged with Ms Co., Ltd. with Mutual as the surviving company.
2025
The head office was relocated to Mainichi Intecio in Kita-ku, Osaka.
2026
Mutual Corporation transferred all shares in Wist Co., Ltd. (consolidated subsidiary).
Kanto Factory was absorbed by Tokyo Technical Center. Kanto Factory site became Chiba Office.