Canare Electric
Basic Information
- Stock Code
- 5819
- Industry
- Nonferrous Metals
- Category Detail
- Iron, Steel & Metal Products
- Prefecture
- Kanagawa Prefecture
- Establishment Year
- February 1974
- Listing Year
- December 1991
- Official Website
- https://www.canare.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Soneck, Furukawa Electric Industries, Fujikura, SWCC, Onamba, JMACS, Mitsuboshi, Hirakawa Hutech, Fenoll
Overview
Canare Electric is a leading company in the industry, established in 1974, specializing in the manufacture of broadcast and communication cables and connectors. It is a specialist manufacturer with strengths in technological capabilities and production and sales bases both in Japan and overseas.
Current Situation
Canare Electric recorded consolidated sales of approximately 11.4 billion yen and ordinary income of approximately 1.5 billion yen in fiscal 2023, maintaining a stable revenue base. Its mainstay broadcast cable products hold a high market share in the domestic market, with particularly strong performance in cables for audio and video equipment and optical fiber-related products. The company has expanded its business bases overseas and is actively advancing into the global market to diversify its operations. It has obtained ISO9001 and ISO14001 certifications, balancing quality management and environmental considerations. Differentiation from competitors is supported by high-precision connection product technology and a diverse product lineup. Moving forward, it will strategically promote product development investments and market expansion, leveraging the tailwind of increasing demand for communication infrastructure due to digitalization progress. It is also focusing on activities to reduce environmental impact and strengthen the supply chain with sustainable management in mind. It is also advancing DX to improve production efficiency and aims to strengthen its medium- to long-term growth foundation.
Trivia
Interesting Facts
- Company name derives from the Kanaresawa River and canals in Nagoya
- Early acquisition of ISO9001 and ISO14001 certifications
- Global company with manufacturing and sales bases around the world
- Long history and track record in broadcast and audio cable fields
- Proprietary high-durability cable technology highly regarded
- Strong presence in the industry for high-quality connector manufacturing
- Numerous adoption records at broadcast stations and video production sites
- Accommodates manufacturing of numerous custom cables
- Quality management system based on ISO certifications supports stability
- Leader in the industry for environmental impact reduction initiatives
- Able to respond to local needs through overseas bases
- High continuation rate of long-term trading customers
- Actively promotes technology introductions on YouTube and other SNS
- Flexible production system capable of express delivery
- Domestic top-class market share in professional audio cables
Hidden Connections
- Participates jointly with multiple competitors in promoting standardization of broadcast cable specifications
- Implements R&D projects in collaboration with technology universities in local Kanagawa Prefecture
- Some major customers are overseas leading broadcast stations and communications equipment manufacturers
- Harness products manufactured by affiliates are also supplied to the automotive industry
- Quality management system audited by Deloitte Touche Tohmatsu
- Relationship with Nagoya region associated with founder forms part of business foundation
- Implements collaboration projects with environmental organizations following ISO14001 acquisition
- In-house engineers and sales staff disseminate product information via YouTube channel
Future Outlook
Growth Drivers
- Expansion of digitalization in domestic and international video and audio markets
- Increasing cable demand from 5G and 6G communications infrastructure development
- Increasing demand for eco-cables due to strengthened environmental regulations
- Growing needs for higher quality and reliability in broadcast equipment
- Expansion of demand for electrical components in industrial machinery and automotive fields
- Promotion of communications infrastructure development in overseas emerging markets
- High-performance wiring demand accompanying IoT and smart city initiatives
- Advanced production efficiency and quality through DX promotion
- Diversification needs for custom and made-to-order products
- Changes in product selection criteria due to corporate environmental management promotion
- Increase in broadcast-related equipment from expansion of video streaming services
- Progress in manufacturing and quality management utilizing AI technology
Strategic Goals
- Achieve 100% digitalization compatibility in product lineup
- Expand environmentally friendly product sales ratio to over 50%
- Raise overseas sales ratio to over 30%
- Improve productivity by 30% through DX and achieve shortened delivery times
- Sustainable maintenance and strengthening of ISO9001 and 14001 certifications
- Continue 5% annual sales growth through new market development
- Maintain and improve customer satisfaction to over 90%
- Secure annual R&D investment of over 1 billion yen for new product development
- Reduce business risks through supply chain strengthening
- Enhance in-house education system to support employee technological skills and awareness improvement
Business Segments
Components for Broadcast and Video Equipment
- Overview
- Provides high-reliability cables and connection components to the broadcast and video industry, supporting stable signal transmission.
- Competitiveness
- Reliability backed by high-precision processing technology and long years of industry track record
- Customers
-
- Broadcast stations
- Video production companies
- Audio equipment manufacturers
- Studio operators
- Event planning companies
- Theater equipment companies
- Public broadcasting organizations
- Audio system installation companies
- Products
-
- Broadcast coaxial cables
- Multi-cables
- HDMI-related equipment
- Audio cables and connectors
- Patch panels
- Optical fiber equipment
- Environment-resistant cables
- Harness assemblies
Communications Infrastructure Support Segment
- Overview
- Provides optical-related products that enable high-speed and stable transmission in response to growth in the communications market.
- Competitiveness
- Advanced optical technology support and global network
- Customers
-
- Telecom carriers
- Network integrators
- Communications equipment providers
- Data center operators
- Internet service providers
- Products
-
- Optical fiber cables
- Optical connection equipment
- Industrial harnesses
- Cables for communications infrastructure
- Optical distribution devices
Industrial Electronic Components and Harnesses
- Overview
- Manufactures custom-made connection equipment for industrial machinery and automotive applications, guaranteeing quality.
- Competitiveness
- Flexible design responsiveness and stable production system
- Customers
-
- Industrial machinery manufacturers
- Automotive parts suppliers
- Electrical equipment manufacturers
- Equipment control system providers
- Products
-
- Wire harnesses
- Connectors
- Electrical connection components
- Custom control wiring
Overseas Sales and Export Division
- Overview
- Strengthening overseas sales networks and diverse product supply in line with global expansion.
- Competitiveness
- Rapid support system in collaboration with local subsidiaries
- Customers
-
- Overseas agents
- Import distributors
- Local communications and broadcast operators
- Products
-
- Main cable products
- Connectors and related equipment
Environmentally Friendly Product Development
- Overview
- Engages in product development using environmentally friendly materials, contributing to sustainability.
- Competitiveness
- Environmental management based on ISO14001 certification
- Customers
-
- Related equipment manufacturers
- Environmental organizations
- Products
-
- Low-environmental-impact cables
- Recycled material cables
Competitive Advantage
Strengths
- High-quality cable manufacturing technology
- Extensive network of domestic and international business bases
- Reliability from ISO certifications
- Diverse product lineup
- Long industry track record and customer trust
- Advanced optical-related technological capabilities
- Versatility in custom products
- Robust quality control system
- Specialized R&D capabilities
- Prompt customer response capabilities
- Initiatives to reduce environmental impact
- Solid financial foundation
- Multinational market responsiveness
- Diverse sales channel deployment
- High brand recognition
Competitive Advantages
- High market share in specialized products for communications and video industry
- Technological superiority in optical fiber-related products
- Flexible response to custom needs per customer
- Rapid delivery through utilization of global manufacturing and sales bases
- High repeat rate from long-term customer relationship building
- Ongoing development of high-durability and environmentally friendly products
- Reduced defect rate through advanced quality management processes
- Development capabilities for products compatible with diverse communications standards
- Short lead time provision capability tailored to market demands
- Improved corporate evaluation through environmental management system certification
- Active participation in industry associations and standardization activities
- Delivery track record to major broadcast stations and manufacturers worldwide
- Comprehensive technical support system by specialized staff
- Cost competitiveness through flexible production system
- Improved productivity through introduction of latest manufacturing equipment
Threats
- In-house production promotion by major communications equipment manufacturers
- Cost increases due to fluctuations in raw material prices
- Intensifying price competition with low-cost overseas products
- Delays in responding to rapid changes in communications technology
- Supply instability due to global political and economic fluctuations
- Product improvement burden from strengthened environmental regulations
- Market share decline due to technological innovations by new entrants
- Profit instability due to exchange rate fluctuation risks
- Supply chain disruption risks
- Market contraction risks accompanying digital transition
- Challenges in technology succession due to talent shortage
- Production adjustment difficulties due to sudden market demand fluctuations
Innovations
2023: Development of High-Performance Optical Fiber Cables
- Overview
- Developed new optical fiber cables that balance transmission speed and durability.
- Impact
- Contributes to strengthening competitiveness in the communications infrastructure market.
2022: Introduction of Environmentally Compatible Cable Product Series
- Overview
- Commercialized environmentally friendly cable products using recycled materials.
- Impact
- Contributes to strengthened environmental regulation compliance and acquisition of new customers.
2021: Promotion of Digital Transformation
- Overview
- Introduced IoT into production processes to achieve quality management and efficiency improvements.
- Impact
- Achieved reduction in production costs and shortened delivery times.
2020: Announcement of New Multifunctional Connector Products
- Overview
- Developed new connector products that balance environmental resistance and high reliability.
- Impact
- Contributes to order expansion in the industrial machinery field.
2024: Practical Application of Next-Generation Broadcast Cable Technology
- Overview
- Commercialized high-bandwidth, low-loss broadcast cable technology.
- Impact
- Creates new demand for broadcast stations.
Sustainability
- Thorough environmental management based on ISO14001 certification
- Expansion of resource-circulating products using recycled materials
- Promotion of CO2 emission reduction activities in manufacturing processes
- Development of technologies to reduce hazardous substance use and environmental impact
- Participation in environmental conservation activities in collaboration with local communities
- Strengthening environmental considerations across the entire supply chain