Nabtesco

Basic Information

Stock Code
6268
Industry
Machinery
Category Detail
Industrial Equipment & Heavy Electrical Apparatus
Prefecture
Tokyo
Establishment Year
September 2003
Listing Year
September 2003
Official Website
https://www.nabtesco.com
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Combam, SMC, Harmonic, Anest Iwata, Kaji Tech, Yuken Kogyo, CKD, THK, Kayaba

Overview

Nabtesco is a global manufacturer of precision equipment and transportation equipment established in 2003, and a leading company with approximately 60% market share in precision reducers for industrial robots.

Current Situation

Nabtesco recorded consolidated sales of approximately 299.8 billion yen, operating income of 30 billion yen, and net income of 64.8 billion yen for the fiscal year ended December 2021, maintaining solid performance. It has established a superior position in the market through the development of high-performance precision equipment for industrial robots, aircraft, and railway vehicles. In particular, precision reducers account for about 60% of the world market, and it also holds high domestic shares in brake systems and automatic doors for railway vehicles. Technological prowess and product quality are the sources of its competitiveness. The company is strengthening its global presence and responding quickly to customer needs by utilizing manufacturing bases both domestically and internationally. It is also promoting the development of technologies that reduce environmental impact with sustainability in mind. In the future, it aims to expand its business in aviation, hydraulic equipment, and industrial machinery fields, focusing on R&D investments. It is actively engaging in social contribution activities and regional collaborations to achieve sustainable growth.

Trivia

Interesting Facts

  • Nabtesco's precision reducers hold approximately 60% share of the global industrial robot market.
  • Holds approximately 70% share of the domestic market for railway door closing devices.
  • The "NABCO" brand for automatic doors holds approximately 50% share of the domestic market.
  • Established in 2003 as a holding company through the integration of Nabco and Teijin Seiki.
  • Acquired the automatic door division from Swiss KABA, strengthening overseas expansion.
  • One of the world's leading manufacturers of aircraft flight control actuators.
  • Expanding world market share in travel motors for hydraulic excavators.
  • Selected as one of Nikkei's top 100 companies for human capital.
  • Expanding business areas through diverse subsidiaries.
  • Japan Master Trust Custody Bank is one of the major shareholders.
  • Provides products not only in precision equipment but also in welfare equipment.
  • Railway vehicle products are widely adopted from Shinkansen to subways.
  • Automatic door technology has industry-standard level capabilities.
  • Global supply system utilizing domestic and international manufacturing bases.
  • Maintains high product quality and safety through proprietary technologies.

Hidden Connections

  • Nabtesco was born from the management integration of Nabco Co., Ltd. and Teijin Seiki, consolidating the strengths of both companies.
  • Major supplier of brake systems for Tokaido Shinkansen vehicles, contributing to domestic railway safety.
  • Acquired the automatic door division of Swiss KABA, establishing a foothold in the European market.
  • Globally recognized for aircraft flight control devices, contributing to worldwide aviation safety.
  • Subsidiary Nabco Door holds a strong position in the automatic door industry.
  • Multiple close transactions and collaborations with Mitsubishi Group-related companies.
  • Technology development and production concentrated in multiple domestic bases in Japan, with some overseas production advancing.
  • Nabtesco's automatic door products are widely adopted as platform doors in public transportation.

Future Outlook

Growth Drivers

  • Increased demand for precision reducers due to expansion of industrial robot market
  • Growing needs for railway vehicle safety enhancements
  • Global growth in aviation industry
  • Spread of smart motion control technology
  • New market creation through development of environmentally compatible products
  • Promotion of digital transformation
  • Increase in domestic and international infrastructure investments
  • Technological innovation in manufacturing industry aiming for advancement and labor savings
  • Diversification through strengthened collaboration with subsidiaries
  • Expansion of business in Asian region

Strategic Goals

  • Achieve 65% world share in industrial robot precision reducers
  • Expand environmentally low-impact product lineup to over 50%
  • Increase overseas sales ratio to over 40%
  • Create new businesses using smart motion technology
  • Expand global market share in railway and aviation fields
  • Establish sustainable management system and improve ESG metrics
  • Maintain annual R&D investment ratio to sales over 10%
  • Significant improvement in production efficiency using digital technology
  • Enhance brand value through strengthened regional community collaboration
  • Achieve long-term stable growth through diversified business expansion

Business Segments

Control Equipment for Industrial Machinery

Overview
Provides high-quality precision control equipment to industrial machinery manufacturing, supporting efficiency and precision improvements.
Competitiveness
World-leading precision technology share
Customers
  • Industrial robot manufacturers
  • Machine tool manufacturers
  • Automotive manufacturing
  • Electronics manufacturers
  • Semiconductor industry
Products
  • Precision reducers
  • Electronic control devices
  • Actuators
  • Robot parts

Transportation Equipment Parts

Overview
Provides high-function parts responsible for safety and performance improvement in transportation equipment.
Competitiveness
High-reliability system design
Customers
  • Railway vehicle manufacturers
  • Aircraft manufacturing
  • Shipbuilders
  • Automotive companies
Products
  • Railway brake systems
  • Aircraft flight control systems
  • Marine hydraulic equipment
  • Vehicle door devices

Construction Machinery and Hydraulic Equipment

Overview
Achieves high durability and efficiency with hydraulic equipment for heavy machinery.
Competitiveness
Long-accumulated hydraulic technology
Customers
  • Construction machinery manufacturers
  • Plant equipment contractors
  • Civil engineering and construction companies
Products
  • Hydraulic excavator motors
  • Hydraulic pumps
  • Hydraulic cylinders

Facility Automatic Doors and Security

Overview
Provides safe and convenient automatic opening/closing devices for facilities.
Competitiveness
High domestic installation track record
Customers
  • Commercial facility operators
  • Public facility managers
  • Hospitals and medical facilities
Products
  • Automatic door systems
  • Platform doors
  • Security gates

Aircraft Parts and Equipment

Overview
Develops and supplies high-quality equipment supporting aviation safety.
Competitiveness
Compliance with high aviation safety standards
Customers
  • Aircraft manufacturers
  • Aircraft parts suppliers
Products
  • Flight control actuators
  • Aircraft hydraulic systems

Marine Equipment

Overview
Manufactures equipment contributing to improved safety in ship operations.
Competitiveness
Superior durability product lineup
Customers
  • Shipbuilders
  • Ship management companies
Products
  • Marine hydraulic motors
  • Marine remote control devices

Welfare Equipment

Overview
Provides user-friendly welfare equipment.
Competitiveness
High usability design
Customers
  • Welfare facilities
  • Care service providers
Products
  • Care automatic doors
  • Welfare equipment

Industrial Packaging and Packing Machinery

Overview
Provides efficient packaging and packing equipment to support productivity improvements.
Competitiveness
Design adaptable to various applications
Customers
  • Food manufacturers
  • Logistics companies
  • Manufacturers
Products
  • Packaging machinery
  • Packing machinery
  • Filling equipment

Power Transmission Equipment

Overview
Machinery products that efficiently transmit power from prime movers.
Competitiveness
High-precision manufacturing technology
Customers
  • Industrial machinery manufacturers
  • Automotive manufacturers
Products
  • Transmissions
  • Clutches
  • Chains

Electric Command Control Equipment

Overview
Control equipment lineup supporting safe operation of railway vehicles.
Competitiveness
High domestic market share track record
Customers
  • Railway operators
  • Public transportation
Products
  • Control brake devices
  • Vehicle door closing devices

Smart Motion Systems

Overview
Provides advanced IoT-compatible motion control technology.
Competitiveness
Integration of latest technology and products
Customers
  • Manufacturing industry
  • Robotics companies
Products
  • Smart actuators
  • Control software

Services and Maintenance

Overview
Services supporting product performance maintenance and customer satisfaction improvement.
Competitiveness
High technical capabilities and reliability
Customers
  • General customer companies
Products
  • Equipment maintenance
  • Technical support

Competitive Advantage

Strengths

  • Approximately 60% world share in precision reducers for industrial robots
  • Provides high-quality, reliable aviation and railway equipment
  • Stable revenue base from diversified product lineup
  • Quick response capability through domestic and international production and sales bases
  • Strong technological development capabilities and ongoing R&D investments
  • Strong market recognition of NABCO brand
  • Product design meeting high safety standards
  • High domestic shares in railway vehicle brakes and automatic doors
  • Flexible management efficiency through holding company structure
  • Customer base across a wide range of industries
  • Diversified business expansion through subsidiaries
  • High financial soundness
  • Global customer network
  • Specialized services and maintenance system
  • Strong in-house technical personnel

Competitive Advantages

  • Maintains world top share in reducers for industrial robot joints
  • Secures extremely high safety technology in aircraft flight controls
  • Stable orders due to high share in domestic railway vehicle brake systems
  • Diversifies market risk through products for various industries
  • Enables quick decision-making and resource allocation through holding company structure
  • Product differentiation through advanced precision machinery technology
  • Secures growth opportunities through international sales channel expansion
  • Leverages strengths in specialized fields through subsidiaries
  • Gains trust through strict compliance with safety and quality standards
  • Enables continuous R&D investment with solid financial base
  • Promotes technological innovation with high engineer skills and training system
  • Differentiates from competitors through proprietary machine control systems
  • Early investment in environmentally considerate product development
  • Development of global service network
  • Maintains market entry barriers through various standard certifications

Threats

  • Risk of reduced demand for industrial machinery due to global economic downturn
  • Intensifying technological innovation and price competition from competitors
  • Cost increases due to fluctuations in raw material prices
  • Impact on overseas business from geopolitical risks and trade friction
  • Risk of obsolescence of existing technologies due to rapid technological changes
  • Adaptation costs for product specifications due to strengthened environmental regulations
  • Product development delays due to diversifying market needs
  • Potential productivity decline due to labor shortages
  • Impact on parts procurement from supply chain disruptions
  • Revenue fluctuations due to exchange rate risks
  • Market share pressure from emerging companies in developing countries
  • Damage to production bases from natural disasters

Innovations

2024: Next-Generation Smart Actuator Development

Overview
Newly developed IoT-compatible high-precision actuator products and applied to industrial robots.
Impact
Contributes to market share expansion through improved product competitiveness.

2023: AI-Control Equipped Flight Control Equipment

Overview
Developed control equipment incorporating AI technology for aircraft, achieving enhanced safety.
Impact
Increased inquiries from aircraft manufacturers.

2022: Environmentally Friendly Hydraulic Equipment Development

Overview
Manufactured hydraulic devices with significantly improved energy-saving performance, contributing to reduced environmental impact.
Impact
Increased orders in construction machinery market.

2021: Advanced Platform Door Safety System Introduction

Overview
Equipped railway station platform doors with the latest sensing technology to improve safety.
Impact
Improved customer satisfaction and safety standard achievement rate.

2020: Reducer Long-Life Technology Development

Overview
Significantly improved durability of precision reducers through adoption of new materials.
Impact
Reduced maintenance costs and improved customer satisfaction.

Sustainability

  • Establishment of environmentally considerate manufacturing processes
  • Continuous introduction of energy-saving products
  • Promotion of waste reduction and recycling
  • Environmental protection activities through collaboration with local communities
  • Improved transparency through regular CSR report publications
  • Setting and efforts to achieve CO2 emission reduction targets
  • Establishment of sustainable procurement standards
  • Employee environmental education and awareness improvement
  • Expansion of renewable energy utilization
  • Strengthened water resource conservation measures
  • Product innovation through eco-design promotion
  • Improvements through dialogue with stakeholders