Seibu Giken

Basic Information

Stock Code
6223
Industry
Machinery
Category Detail
Commercial & Industrial Machinery
Prefecture
Fukuoka Prefecture
Establishment Year
July 1965
Listing Year
October 2023
Official Website
https://seibu-giken.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Kados C, Atom Livin, Shōwa Tekkō, Kyōritsu Aertec, Seibu Denki, Kimura Kōki, Nippon Aertec, Shinkō Kōgyō

Overview

Seibu Giken is a machinery industry company founded in 1965, with strengths in technologies for desiccant air conditioners/dehumidifiers and total heat exchangers, among other environmental conservation equipment, and it develops unique energy-saving technologies both domestically and internationally.

Current Situation

Seibu Giken reported solid performance in the fiscal year ending December 2022, with consolidated sales of approximately 24.9 billion yen and operating profit of approximately 4.6 billion yen. Its main products are total heat exchangers, desiccant air conditioners, and dehumidifiers for factories, specialized for the needs of food and pharmaceutical plants, giving it competitive strength. The company focuses on developing highly efficient environmental equipment based on its proprietary corrugation technology, expanding its market share in both energy conservation and air pollution control. It also has subsidiaries overseas, strengthening business in China and Thailand through new factory establishments and sales network expansion. Following its listing on the Tokyo Stock Exchange Standard Market in 2023, it is pursuing capital raising and brand enhancement. Moving forward, it positions strengthening environmental regulations and contributions to a decarbonized society as growth opportunities, promoting further technological innovation and global expansion. It is also focusing on developing sustainable product lines and improving manufacturing efficiency to strengthen its medium- to long-term growth foundation.

Trivia

Interesting Facts

  • Founder developed corrugation technology in a Kyushu University engineering lab.
  • Expanded into the European market by acquiring Swedish DST.
  • Pioneer in desiccant technology in the commercial air conditioning market.
  • Holds proprietary patented technology for VOC concentration compliant with environmental regulations.
  • Globalizing with production and sales bases in China and Thailand.
  • Strength in air conditioning for factory clean rooms.
  • Selected for the Ministry of Economy, Trade and Industry's Global Niche Top 100 Companies.
  • Newly listed on Tokyo Stock Exchange Standard Market in 2023.
  • Active employee stock ownership plan participation in management.
  • Has upheld 'Originality and Integration' as corporate philosophy since founding.
  • Functional honeycomb laminated bodies highly regarded as industrial materials.
  • Characterized by product development specialized for food and pharmaceutical factories.
  • Meets energy-saving needs through high-efficiency dehumidifiers.
  • Improved cost competitiveness by in-house production of air pollution prevention equipment components.
  • Actively advancing into Southeast Asian markets.

Hidden Connections

  • Acquired Swedish DST to gain Nordic technology and management know-how.
  • Provides environmental equipment to the U.S. market through subsidiaries.
  • Dehumidifier technology for pharmaceutical and food factories serves as a model for domestic competitors.
  • Rich track record of collaboration with local governments in air pollution prevention.
  • Public Interest Incorporated Association Kuma Science and Culture Promotion Foundation participates in shareholder composition.
  • Headquarters in Koga City serves as a core of regional industry.
  • Listing positions it as a central player among domestic mid-sized manufacturers.
  • Collaborated with regional banks to promote electronic promissory notes before listing.

Future Outlook

Growth Drivers

  • Increasing demand from global strengthening of environmental regulations
  • Expansion of energy-saving technologies toward a decarbonized society
  • Business expansion in Southeast Asia and China
  • Growing demand for clean environments in pharmaceutical and food factories
  • Increasing demand for concentration equipment due to stricter VOC regulations
  • Expansion of industrial applications for new material honeycomb laminated bodies
  • Product differentiation through technological innovation
  • Service sophistication through DX promotion
  • Strengthening of supply chains domestically and internationally
  • Active investments enabled by improved capital procurement

Strategic Goals

  • Establish domestic top share in the environmental sector
  • Achieve overseas sales ratio of over 30%
  • Improve product energy-saving performance by 20%
  • Develop new applications and expand market for honeycomb laminated bodies
  • Revolutionize manufacturing processes to halve CO2 emissions
  • Promote product smartization through digital technology introduction
  • Achieve new business sales exceeding 10 billion yen
  • Implement sustainable procurement standards 100%
  • Continuously deploy environmental collaboration projects with local communities
  • Prepare systems for transition to Tokyo Stock Exchange Prime Market

Business Segments

Industrial Air Conditioning and Dehumidification Systems

Overview
Provides air conditioning and dehumidification systems for factories and research facilities to maintain quality and save energy.
Competitiveness
High-efficiency products based on proprietary corrugation technology
Customers
  • Food factories
  • Pharmaceutical factories
  • Semiconductor manufacturing equipment manufacturers
  • Precision machinery manufacturers
  • Clean room operators
  • Chemical factories
  • Electronic component manufacturers
Products
  • Desiccant dehumidifiers
  • Total heat exchangers
  • Desiccant air conditioners
  • VOC concentration equipment
  • Honeycomb laminated bodies

Environmental Conservation Equipment and Exhaust Gas Treatment

Overview
Designs and manufactures equipment for purification and treatment of industrial exhaust gases to support compliance with environmental regulations.
Competitiveness
Advanced technology adapted to environmental regulations and high reliability
Customers
  • Chemical plants
  • Electric power companies
  • Industrial waste treatment companies
  • Environmental equipment maintenance companies
  • Local governments
Products
  • VOC concentration combustion equipment
  • Air pollution prevention equipment
  • Exhaust gas removal equipment
  • Environmental measurement equipment

Local Production and Sales Overseas

Overview
Builds local production and sales systems through subsidiaries established in Thailand, China, and elsewhere.
Competitiveness
Customer-focused services via global network
Customers
  • Local factories in Southeast Asia
  • Overseas sales agents
  • Export companies
  • Local maintenance companies
Products
  • Factory dehumidification and air conditioning equipment
  • Environmental countermeasures equipment

New Technology Development and Material Supply

Overview
Develops and provides new materials and functional laminated bodies utilizing corrugation technology.
Competitiveness
Proposal capabilities for high-function materials based on proprietary know-how
Customers
  • Industrial machinery manufacturers
  • Material manufacturers
  • Research institutions
Products
  • Honeycomb laminated bodies
  • New material development
  • Corrugation technology application products

Clean Room Equipment for Factories

Overview
Provides total proposals for clean room air conditioning and dehumidification equipment.
Competitiveness
Quality assurance through high-precision environmental control technology
Customers
  • Electronic equipment manufacturing factories
  • Cosmetics manufacturing factories
  • Pharmaceutical manufacturing factories
Products
  • Integrated air conditioning dehumidifiers
  • Clean room air conditioning equipment

Maintenance and Support Services

Overview
Deploys after-sales service system to support long-term stable operation of products.
Competitiveness
Prompt and accurate response capabilities by engineers
Customers
  • Factory operators domestically and internationally
  • Environmental equipment users
Products
  • Regular maintenance services
  • Equipment upgrade proposals
  • Emergency response services

Competitive Advantage

Strengths

  • High efficiency from proprietary corrugation structure technology
  • Product development capabilities and know-how in environmental regulation compliance
  • Strong domestic customer base for factory equipment
  • Global expansion through overseas bases
  • Enhanced trust from listing on Tokyo Stock Exchange Standard Market
  • High expertise in environmental conservation
  • Strong R&D organization and affiliated subsidiaries
  • Reliability from stringent quality control
  • Versatility across diverse industries
  • Extensive lineup of energy-saving equipment

Competitive Advantages

  • Differentiation through high energy-saving performance and environmental compatibility
  • Unique product lineup centered on corrugation technology
  • Niche market capture specialized for food and pharmaceutical factories
  • Global network with local corporations in China and Thailand
  • Comprehensive product provision including laminated body materials
  • Improved capital procurement from TSE listing
  • Technological superiority in air pollution control equipment
  • Robust sales and technical support systems
  • Stable financial base and growth capital
  • Product customization to meet diverse customer needs

Threats

  • Price pressures from intensifying international competition
  • Business risks from changes in environmental regulations
  • Cost increases from rising raw material prices
  • Decline in capital investment due to global economic uncertainty
  • Risks and costs of overseas subsidiary operations
  • Technology obsolescence from emerging latecomer technologies
  • Challenges in talent acquisition and technology succession
  • Profit impacts from exchange rate fluctuations
  • Social risks such as pandemic outbreaks
  • Supply chain disruptions

Innovations

2023: Strengthening in-house production with new factory in China

Overview
Established a new factory in China to internalize components for air pollution control equipment.
Impact
Achieved production cost reductions and strengthened supply system

2023: Established sales subsidiary in Thailand

Overview
Established a sales subsidiary targeting the Southeast Asian market to strengthen local expansion.
Impact
Expanded regional market share and strengthened customer contacts

2022: Developed new model of energy-saving desiccant dehumidifier

Overview
Introduced a new dehumidifier achieving 15% energy savings compared to previous models.
Impact
Contributes to reducing users' operating costs

2024: Progress in research on high-functionality honeycomb laminated bodies

Overview
Developed lamination technology for new materials to improve functionality.
Impact
Contributes to enhancing product competitiveness

2021: Introduced efficiency improvement technology for VOC concentration combustion equipment

Overview
Adopted technology to improve combustion efficiency to comply with stricter emission regulations.
Impact
Reduces environmental impact and operating costs

2023: Started development of digital IoT-compatible air conditioning systems

Overview
Developing remote monitoring and operation management technology for factory air conditioning.
Impact
Expected improvements in maintenance efficiency and energy savings

Sustainability

  • Promotion of energy-saving designs in products
  • Reduction of environmental impact through air pollution prevention equipment
  • Introduction of eco-manufacturing processes in overseas factories
  • CO2 emission reduction plans in business activities
  • Collaborative environmental conservation projects with local communities
  • Promotion of circular resource use and waste reduction
  • Proactive compliance with strengthening environmental regulations
  • Establishment of sustainable procurement standards
  • Implementation of environmental education and training for employees
  • Maintenance of ISO environmental management certification