Shikino Hi-Tech

Basic Information

Stock Code
6614
Industry
Electrical Equipment
Category Detail
Manufacturing Machinery & Electrical Equipment
Prefecture
Toyama Prefecture
Establishment Year
January 1975
Listing Year
March 2021
Official Website
https://www.shikino.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Star Seas, BTM, Disco, Loitec, Kokusai Electric, SEMTec, ULVAC, Advantest, Japan Micronics, Lasertec, Tokyo Seimitsu, SCREEN Holdings, Tokyo Electron

Overview

Shikino Hi-Tech is a Toyama-based company established in 1975 that specializes in semiconductor and electronics-related equipment, with strengths in semiconductor inspection devices and security camera technology.

Current Situation

Shikino Hi-Tech recorded sales of approximately 4.5 billion yen, operating profit of about 230 million yen, and net profit of about 110 million yen in the fiscal year ended March 2020, maintaining a solid business foundation. Its main businesses are substrate design for semiconductor inspection and electronic system development, and it holds the top domestic market share in security cameras for convenience store ATMs. It manufactures semiconductor inspection equipment and camera products, and possesses a 20% global share in image compression technology. It listed on the Tokyo Stock Exchange Standard Market in 2021 and is pursuing further business expansion and overseas development. Through proactive technology development, it has started contract design in the US and is focusing on global collaborations. Based in Toyama Prefecture, it has introduced a flexitime system and is promoting a comfortable work environment. Moving forward, it positions technological innovation in the semiconductor manufacturing equipment sector and collaboration with the Taiwan market as growth drivers. It is committed to sustainable product development and strengthening efficient production systems, aiming to stabilize its mid- to long-term earnings base.

Trivia

Interesting Facts

  • Top domestic market share in security cameras for convenience store ATMs.
  • Holds 20% global market share in image compression technology.
  • Track record of camera mounting on the artificial satellite Maido-1.
  • Rare flexitime system among Toyama Prefecture companies.
  • Established in 1975 as a subsidiary of Shikino Plating.
  • Acquired semiconductor inspection equipment business from Ono Sokki in 2006.
  • Long accumulation of technology in semiconductor inspection substrate design.
  • Listed on Tokyo Stock Exchange JASDAQ (now Standard) in 2021.
  • Deepening technology exchange through collaboration with Taiwan semiconductor companies.
  • Partnered with US CAST for contract design of semiconductor circuits.

Hidden Connections

  • Maintains capital relationship with Shikino Plating since establishment.
  • Headquartered in Uozu City, Toyama Prefecture, with close transactions with semiconductor companies nationwide.
  • Competes with industry giant Tokyo Electron in semiconductor inspection equipment.
  • Leads domestic market in convenience store ATM security cameras.
  • Advancing overseas expansion through contract design in the US market.
  • Collaborates with space-related companies on satellite camera development.
  • Realizes work-friendly environment through flexitime system.
  • Enhancing technological capabilities through collaboration with Taiwan semiconductor companies.

Future Outlook

Growth Drivers

  • Steady demand growth and technological innovation in semiconductor market.
  • Rising demand for safety surveillance equipment domestically and internationally.
  • Strengthening strategic collaborations with Taiwan and US markets.
  • Expansion of product applications for advanced technologies like image compression.
  • Productivity improvement through flexitime system.
  • Entry into growing satellite and space equipment market.
  • Promotion of global expansion in contract design business.
  • Development and market launch of environmentally friendly products.
  • Continuous improvement of advanced semiconductor inspection technology.
  • Response to diversifying needs in industrial electronic equipment.
  • Technology application and new product development in IoT field.
  • Product competitiveness enhancement through AI technology introduction.

Strategic Goals

  • Expand semiconductor-related business sales to approximately 10 billion yen.
  • Increase overseas sales ratio to over 50%.
  • Achieve 30% global share in advanced image compression technology.
  • Greenify manufacturing processes to reduce environmental impact.
  • Become top class in space-related product market.
  • Secure talent through enhanced work-life balance.
  • Strengthen product lineup utilizing digital technology and AI.
  • Build sustainable growth system in collaboration with local community.
  • Promote product development responding to diverse industry needs.
  • Maintain R&D investment at over 10% of annual sales.

Business Segments

Semiconductor Manufacturing Equipment Development

Overview
Provides design, development, and manufacturing of inspection equipment for semiconductor production sites.
Competitiveness
Possesses advanced custom design technology and high-precision inspection capabilities.
Customers
  • Semiconductor manufacturers
  • Inspection equipment manufacturers
  • Research institutions
  • University labs
  • Electronic component manufacturers
Products
  • Semiconductor inspection substrates
  • Probe cards
  • Electronic circuits for inspection equipment
  • Control software
  • Inspection equipment modules

Electronic System Design and Development

Overview
Provides contract design and development support for electronic systems.
Competitiveness
Abundant development track record and flexible custom response capabilities.
Customers
  • Electronic equipment manufacturers
  • General manufacturing
  • Embedded system providers
  • Automotive-related companies
  • Communication equipment manufacturers
Products
  • Electronic circuit design
  • Embedded software
  • IP core development
  • System integration
  • Contract development services

Image Processing IP Business

Overview
Provides image processing-related IP and technology licenses.
Competitiveness
High-efficiency image compression technology with 20% global share.
Customers
  • Semiconductor design companies
  • Camera module manufacturers
  • Smartphone manufacturers
  • Security equipment manufacturers
  • Embedded device developers
Products
  • Image compression IP cores
  • Video processing IP
  • Image decompression technology
  • Motion detection IP
  • Video engines

Security Equipment Supply

Overview
Provides security cameras and related systems for financial ATMs.
Competitiveness
Top domestic share in security equipment and high reliability.
Customers
  • Financial institutions
  • Convenience stores
  • ATM equipment manufacturers
  • Retail stores
  • Public facilities
Products
  • Security cameras for crime prevention
  • Surveillance systems
  • Image analysis services
  • Remote monitoring
  • Security-related equipment

Satellite Equipment Development

Overview
Provides high-function electronic equipment for satellites and space projects.
Competitiveness
High-durability design technology compatible with space environments.
Customers
  • Space development agencies
  • Satellite manufacturers
  • Research institutions
  • Government space projects
  • Private space companies
Products
  • Satellite-mounted cameras
  • Space electronic components
  • Scientific observation equipment
  • High-durability electronic equipment
  • Image sensor systems

Industrial Machinery Electronic Equipment

Overview
Develops electronic control devices and sensor systems for industrial machinery.
Competitiveness
Precise control technology and long-term reliability.
Customers
  • Manufacturing factories
  • Automation equipment manufacturers
  • Industrial robot manufacturers
  • Energy-related companies
  • Infrastructure operators
Products
  • Factory control equipment
  • Sensor systems
  • Communication modules
  • Power management devices
  • Inspection equipment

Embedded Software Development

Overview
Provides advanced embedded software development and system integration.
Competitiveness
Compatibility with diverse platforms.
Customers
  • Electronic equipment manufacturers
  • Automotive-related companies
  • Communication equipment manufacturers
  • Home appliance manufacturers
  • Medical equipment manufacturers
Products
  • Real-time OS
  • Firmware development
  • Driver design
  • System integration services
  • Software maintenance

Manufacturing Equipment Maintenance

Overview
Provides maintenance and servicing for manufacturing equipment.
Competitiveness
Rapid response and high-level technical support.
Customers
  • Semiconductor factories
  • Electronic component factories
  • Precision equipment manufacturers
  • R&D institutions
  • Quality inspection companies
Products
  • Equipment inspection services
  • Repair and upgrades
  • Remote diagnostic systems
  • Predictive maintenance technology
  • Equipment improvement proposals

Research and Development Business

Overview
Supports industry-oriented technology R&D and joint projects.
Competitiveness
Technical know-how across a wide range of fields.
Customers
  • Corporate research labs
  • Universities
  • Public research institutions
  • Development support organizations
  • Technology consulting firms
Products
  • Technology development support
  • Prototype fabrication
  • Technology consulting
  • Joint research
  • Technology evaluation services

Contract Design Services

Overview
Expands contract electronic design services mainly in the US.
Competitiveness
Advanced design technology with global対応.
Customers
  • Overseas companies
  • Semiconductor design firms
  • Equipment development companies
  • Startups
  • Product development companies
Products
  • Circuit design
  • Board design
  • System design
  • Prototyping support
  • Technology consulting

Camera Module Manufacturing

Overview
Designs and manufactures camera modules for various applications.
Competitiveness
High image quality technology and high-reliability module production.
Customers
  • Smartphone manufacturers
  • Security equipment manufacturers
  • Industrial equipment manufacturers
  • Medical equipment manufacturers
  • Automotive manufacturers
Products
  • High-resolution camera modules
  • Infrared cameras
  • Industrial cameras
  • In-vehicle cameras
  • Medical imaging equipment

Electronic Component Sales

Overview
Provides sales of various electronic components along with technical support.
Competitiveness
Abundant product lineup and technical consultation system.
Customers
  • Electronic equipment manufacturers
  • Industrial machinery manufacturers
  • Prototype development companies
  • Research institutions
  • Repair service providers
Products
  • Semiconductor devices
  • Resistors and capacitors
  • Electronic sensors
  • Control ICs
  • Custom parts

Competitive Advantage

Strengths

  • High expertise in semiconductor inspection substrate design
  • Top domestic share in ATM security camera market
  • 20% global share in image compression technology
  • Improved reliability through listing on Tokyo Stock Exchange Standard Market
  • Collaboration system with overseas markets such as Taiwan
  • Work-friendly flexitime system
  • Advanced technology development and product development capabilities
  • Ongoing contract design business in the US
  • Regionally rooted management in Toyama Prefecture
  • Risk diversification through diverse product lineup
  • High-quality management system
  • Continuous investment in R&D
  • Strong customer base
  • Long-standing brand trust
  • Highly specialized technical staff

Competitive Advantages

  • Pioneering expansion into electronic systems business ahead of competitors
  • Achieved global share in image compression and decompression technology
  • Provision of diverse semiconductor inspection equipment products
  • Aggressive overseas market expansion strategy
  • Strengthened fundraising through Tokyo Stock Exchange listing
  • Talent acquisition through flexible employment system
  • In-house system covering everything from manufacturing to development
  • Strengthened collaboration with Taiwan semiconductor companies
  • Product development capabilities utilizing cutting-edge technology
  • Supply power of high-quality security cameras
  • Rapid commercialization of R&D results
  • Response capabilities to wide customer base
  • US market contract design services
  • Contribution and collaboration with regional economy
  • Diversified business model in manufacturing

Threats

  • Competitors' pace of technological innovation
  • Economic fluctuation risks in semiconductor market
  • Political and economic risks in overseas markets
  • Intensifying competition for talent acquisition
  • Market pressure from new entrants
  • Risk of patent infringement
  • Supply chain disruptions
  • Profit pressure from exchange rate fluctuations
  • Cost increases due to strengthened environmental regulations
  • Rapid changes in market needs
  • Risk of declining international competitiveness
  • Cybersecurity risks

Innovations

2021: Listing on Tokyo Stock Exchange Standard Market

Overview
Listed on the Tokyo Stock Exchange Standard Market in March 2021, strengthening fundraising capabilities.
Impact
Accelerates technology development and overseas expansion through fundraising.

2022: Start of Collaboration with Taiwan Semiconductor Companies

Overview
Began collaboration with major Taiwan industry players to promote technology exchange.
Impact
Leads to product expansion and development strengthening in overseas markets.

2023: Launch of Contract Design Business in the US

Overview
Partnered with US CAST to start contract design for semiconductor circuits.
Impact
Establishes overseas design and development base, diversifying revenue sources.

2024: Introduction of Next-Generation Security Camera Technology

Overview
Developed high-function security camera products equipped with AI analysis.
Impact
Expected to improve market competitiveness and acquire new customers.

2024: Performance Improvement of Image Compression Algorithm

Overview
Improved proprietary high-speed compression technology for mobile devices.
Impact
Achieves global share expansion and revenue growth.

2022: Enhancement of Satellite-Mounted Cameras

Overview
Improved resolution and durability of cameras for artificial satellites.
Impact
Strengthens market competitiveness of space-related products.

2023: Expansion of Flexitime System

Overview
Introduced flexitime system at bases other than Toyama head office.
Impact
Contributes to employee work-life balance and productivity improvement.

2020: Advanced Semiconductor Inspection Substrate Design

Overview
Improved inspection efficiency and precision with high-precision substrate design.
Impact
Contributes to improved competitiveness of inspection equipment.

Sustainability

  • Introduction of energy-saving manufacturing equipment
  • Promotion of waste recycling
  • Participation in local environmental conservation activities
  • Strengthening employee health management
  • Support for product development to reduce environmental impact
  • Collaboration with Toyama Prefecture for environmental protection
  • Active use of eco-materials
  • Establishment of sustainable procurement system
  • Promotion of green IT
  • Reduction of in-house carbon footprint