• Portfolio
  • Miura Printing Corporation(Current company name: Daio Miura Corporation)

Investment Overview

Investment timing: 2014/3
Exit timing: 2017/4
Deal type: Business Succession
Fund: AG I
Status: Exit

Investment Background / Post-Investment Activities

Investment Background

Miura Printing is a publicly listed (at the time) printing company with a long history, with strengths in commercial printing for catalogs, booklets, and posters, etc. While the company was in a shrinking printing market environment due to the shift away from paper, Aspirant Group invested in the company with the theme of improving profitability.

Post-Investment Activities

Development of Infrastructure

  • Development of an accounting management system
  • Design/management of meeting structure
  • Development of Corporate Infrastructure (Renewal of core system)


  • Improvement in Productivity – Cost reductions (Reduction of outsourcing costs by increasing in-house production rate)
  • Pricing Strategy (Appropriate pricing and order decisions through cross-functional sharing of numbers between sales and manufacturing departments)

Support for Growth

  • Sales Support/Sales Channel Expansion, etc. (Strengthening of manufacturing and sales support of high margin businesses)


In 2018, the company was privatized through TOB and became a wholly owned subsidiary of Daio Paper, a major paper manufacturer, as Miura Printing met its need to strengthen/expand its printing business.