EIZO

Basic Information

Stock Code
6737
Industry
Electrical Equipment
Category Detail
Information & Communication Equipment
Prefecture
Ishikawa Prefecture
Establishment Year
March 1968
Listing Year
March 2002
Official Website
https://www.eizo.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Career L, MCJ, Buffalo, Aiphone, Wacom, Elecom, Toli

Overview

EIZO is a high-quality display device manufacturer founded in 1968, boasting industry-leading image quality and reliability across sectors including medical and creative fields.

Current Situation

EIZO recorded consolidated net sales of approximately 80 billion yen and operating profit of approximately 5 billion yen in the fiscal year ended March 2023, maintaining a stable revenue base. Its core display products span diverse fields such as finance, medical, printing, and air traffic control, holding high market shares. It differentiates through proprietary technologies like auto-calibration and has received numerous awards, including the Academy Science and Technology Award. In recent years, it has constructed a new factory in India to bolster overseas production, and introduced an executive compensation system linked to sustainability and ESG. Synergies with the parent company and growth in the medical equipment business are anticipated, as it pursues innovation in video value toward 2030. While differentiating from competitors, it is actively expanding international sales and investing in technology.

Trivia

Interesting Facts

  • EIZO's predecessor is Nanao Electric Co., Ltd., established in 1967.
  • Brand integration from Nanao to EIZO occurred in 1996.
  • Received Academy Award for color management technology.
  • Strong presence in LCD monitor market for pachinko/pachislot machines.
  • High-reliability products adopted by broadcasters and financial institutions worldwide.
  • Top-class global share in high-definition medical monitor market.
  • Acquired Siemens' medical monitor business to expand operations.
  • Headquartered in Hakusan City, Ishikawa Prefecture, significantly contributing to local economy.
  • Proprietary digital uniformity correction circuit is industry standard.
  • Focuses on quarterly shareholder return measures.
  • Building new factory in India to strengthen overseas manufacturing.
  • Builds long-term transaction relationships with diverse companies and local governments.
  • High-precision calibration technology earns trust in video industry.
  • Subsidiary Irem Software for game software development.
  • Proven track record in arcade game monitors.

Hidden Connections

  • Founding family same as Murata Manufacturing, holding over 10% of shares.
  • Technology inheritance and business strengthening through acquisitions from Panasonic and Siemens.
  • Former Nanao monitors used in Sega experiential games.
  • Strong in medical market, leading to collaborations with medical device makers.
  • Received numerous technology awards from international video production community.
  • Significantly contributes to regional employment creation in Ishikawa Prefecture.
  • Widely adopted in imaging equipment for health/education institutions and public agencies.
  • Pioneered industry with ESG-linked executive compensation system.

Future Outlook

Growth Drivers

  • Expanding demand for 4K/8K resolution displays
  • Increasing needs for high-definition imaging in medical field
  • Enhanced production capacity at India factory for global markets
  • Ongoing innovation in imaging-related technologies
  • Corporate value uplift from expanding ESG investments
  • Diversification of industrial and creative markets
  • Further proliferation of auto-calibration technology
  • Stable demand from pachinko/amusement machine market
  • Rising needs for imaging surveillance in public infrastructure
  • Market expansion from regulatory easing in medical devices
  • Demand for high-performance monitors amid telework growth
  • Advancement of packaged imaging display system products

Strategic Goals

  • Achieve global top share in imaging field
  • Expand world market share in medical imaging devices
  • Reduce product environmental impact and strengthen sustainability
  • Create new businesses leveraging advanced imaging technologies
  • Optimize overseas production including India factories
  • Deepen ESG-linked management
  • Continuously achieve over 90% customer satisfaction
  • Expand adoption of digital uniformity correction technology
  • Expand product lineup to meet diverse industry needs
  • Promote sustainability through executive compensation and HR policies

Business Segments

Imaging Systems for Finance and Public Institutions

Overview
Provides high-quality imaging for large-scale surveillance and display environments.
Competitiveness
High image quality and long-hour operational reliability
Customers
  • Banks
  • Securities firms
  • Government agencies
  • Local governments
  • Educational institutions
Products
  • Surveillance displays
  • Video control software
  • Recording and distribution systems

Medical Imaging Systems

Overview
Delivers high-definition imaging technology supporting medical diagnostics and treatments.
Competitiveness
Precise calibration and durability
Customers
  • Hospitals
  • Medical device manufacturers
  • Clinics
  • Operating rooms
  • Diagnostic facilities
Products
  • Medical diagnostic monitors
  • Endoscope displays
  • Treatment imaging devices

Creative and Video Production Support

Overview
Offers high-precision color reproduction monitors tailored to creators' needs.
Competitiveness
Precise color correction technology and SDK provision
Customers
  • Video production studios
  • Printers
  • Photo studios
  • Broadcasters
Products
  • Color management displays
  • Video editing monitors
  • Professional projectors

Imaging Systems for Aviation, Maritime, and Rail

Overview
Proposes and provides imaging systems suited for harsh environments.
Competitiveness
Dust-proof, shock-resistant performance and high reliability
Customers
  • Air traffic control facilities
  • Shipping companies
  • Railway operators
  • FA manufacturers
Products
  • Control room large monitors
  • Rugged environmental displays
  • Industrial video control devices

LCD Monitors for Amusement Devices

Overview
Supplies high-durability, high-definition LCD monitors for gaming machines.
Competitiveness
Industry-leading display reliability and durability
Customers
  • Pachinko manufacturers
  • Gaming machine makers
  • Game console developers
Products
  • LCD monitors
  • Gaming display devices

Maintenance and Contract Development Services for Imaging Devices

Overview
Provides maintenance services and contract development tailored to customer needs.
Competitiveness
Long-term support system and flexible development capabilities
Customers
  • Companies with imaging systems
  • Public facilities
  • Medical institutions
Products
  • System maintenance
  • Software development

Imaging Technology Licensing and SDK Provision

Overview
Offers development tools to support integration of imaging technologies.
Competitiveness
High-quality SDK compliant with industry standards
Customers
  • Software developers
  • Hardware manufacturers
Products
  • Calibration software
  • Color management SDK

Manufacturing Contract Services from Overseas Factories

Overview
Achieves high-quality production at factories in India and China.
Competitiveness
Strict quality control in external production
Customers
  • In-house product lines
  • OEM for other brands
Products
  • LCD panel assembly
  • Electronic component mounting

Supply of Imaging Device Components

Overview
Also handles procurement and supply of components for imaging products.
Competitiveness
Stable component quality and supply system
Customers
  • Imaging equipment manufacturers
  • Communications equipment manufacturers
Products
  • LCD panels
  • Electronic circuit boards

Imaging Systems for Education and Research Institutions

Overview
Provides imaging equipment for visual support in educational settings.
Competitiveness
High resolution and quality suitable for long-term use
Customers
  • Universities
  • Research institutes
  • Educational facilities
Products
  • High-definition displays
  • Multi-monitoring systems

Information Display Systems for Public Transportation

Overview
Provides highly visible imaging display devices for users.
Competitiveness
Design emphasizing visibility and reliability
Customers
  • Railway companies
  • Bus companies
Products
  • Guidance display monitors
  • Operation information systems

Imaging Surveillance Systems for Factories and Manufacturing Sites

Overview
Supports factory work efficiency and safety through imaging.
Competitiveness
Guaranteed operation in harsh environments and clear display
Customers
  • Manufacturing industry
  • Logistics warehouses
Products
  • Production line monitors
  • Display devices for surveillance cameras

Competitive Advantage

Strengths

  • World-leading image quality technology
  • High product reliability and durability
  • Versatility to meet diverse industry needs
  • Proprietary auto-calibration technology
  • Global sales and production infrastructure
  • Specialization in medical field
  • Extensive patents and R&D track record
  • Long-accumulated brand strength
  • Leadership in high-precision color management
  • Broad product lineup
  • ISO9001, ISO14001, ISO13485 certifications
  • Stable financial base
  • High customer satisfaction
  • Robust customer support system
  • Diverse sales channel deployment

Competitive Advantages

  • Specialized high-definition, high-durability display manufacturing technology
  • Top-class domestic and international share in medical monitors
  • Possession of industry-leading color management technology
  • Operational cost reduction via proprietary auto-calibration
  • Global sales and manufacturing network
  • Business diversification enabling deployment across specialized fields
  • Trust gained through long-term partnerships
  • Award-winning technology bolstering brand value
  • Product and development safety assured by ISO standards
  • Support throughout product lifecycle
  • Corporate value enhancement via eco-friendly products and ESG linkage
  • Extensibility through proprietary video processing circuits and SDKs
  • Aggressive overseas factory expansion targeting advanced markets
  • High technical entry barriers in medical device market
  • Flexible product lineup responding to wide customer needs

Threats

  • Intensifying competition from rapid evolution of LCD/display technologies
  • Market share pressure from overseas low-price manufacturers
  • Global semiconductor and component supply shortages
  • Competitive decline from delays in new technology development
  • Cost fluctuations from exchange rate variations
  • Increased product certification burden from stricter medical regulations
  • Delayed adaptation to new display technologies (OLED, etc.)
  • Logistics and production constraints from geopolitical risks
  • Business impacts from cybersecurity risks
  • Productivity decline risks from labor shortages
  • Inventory risks from sudden shifts in customer needs
  • Rising manufacturing costs from strengthened environmental regulations

Innovations

2021: Academy Science and Technology Award

Overview
Recognition for ColorEdge CG series featuring auto-calibration technology.
Impact
Contributes to enhanced trust in the video production industry.

2020: 4K HDR Reference Monitor Development

Overview
ColorEdge PROMINENCE CG3146 wins Hollywood Technology Award.
Impact
Gains high acclaim in professional video production market.

2023: India New Factory Construction Plan

Overview
New factory to enhance cost competitiveness and expand manufacturing.
Impact
Expected to increase production capacity by about 15%.

2022: Expansion of Medical Endoscope Monitor Business

Overview
Strengthens surgical imaging systems through PHC business acquisition.
Impact
Increases market share in medical field.

2023: Packaging of Imaging Display + Recording and Distribution Systems

Overview
Launches integrated imaging solutions for medical and public sectors.
Impact
Enhances customer convenience and drives sales growth.

Sustainability

  • Thorough energy-saving design to promote CO2 emission reductions
  • Set targets to improve waste recycling rates
  • ISO14001 environmental management system certification acquisition and maintenance
  • Contributes to resource minimization through product longevity
  • Environmental education support activities in collaboration with local communities