Tokyo Cosmos Electric
Basic Information
- Stock Code
- 6772
- Industry
- Electrical Equipment
- Category Detail
- Auto Parts
- Prefecture
- Kanagawa Prefecture
- Establishment Year
- June 1957
- Listing Year
- October 1961
- Official Website
- https://www.tocos-j.co.jp/jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Tokyo Cosmos Electric is an electrical equipment manufacturer founded in 1957, with variable resistor technology at its core, establishing a solid position in the electronic components field including automotive sensors and planar heating elements.
Current Situation
Tokyo Cosmos Electric maintains a stable financial base with consolidated sales of approximately ¥10.2 billion and net profit of about ¥370 million in fiscal 2019. Its mainstay products are electronic components centered on variable resistors and automotive sensors, and it is expanding its business as an automotive parts supplier. It has production bases in Japan and overseas, strengthening sales and manufacturing systems in China and other Asian markets. In technology development, it focuses on applications of proprietary technologies such as non-contact position sensors and planar heating elements, particularly pursuing safety and high performance in automotive parts. Regarding sustainability, it advances quality management and environmental load reduction, acquiring ISO/TS certification. In the medium to long term, it is reforming its business structure, including spin-offs of its wireless business, while responding to growing demand for automotive electrical components. Along with rejuvenation of management, it is promoting technological innovation to enhance market competitiveness. In recent years, it has actively pursued quality improvements, expansion of diverse sales channels, and growth in partner companies.
Trivia
Interesting Facts
- Veteran company manufacturing variable resistors for over 60 years since founding.
- Numerous standard adoptions by domestic automakers for planar heating elements.
- Conducted business reorganization by making wireless business independent.
- Track record of passing Defense Agency specifications for electronic components.
- Aggressively expanding overseas with multiple manufacturing bases in China.
- Early acquisition of ISO/TS16949, establishing automotive parts quality management.
- Long company history, contributing to the electronic components industry since inception.
- Also manufactures special resistors durable for high-speed and high-temperature uses.
- Provides products for communication devices beyond automotive industry.
- Many engineers with long-term experience in resistors.
- Strength in multi-variety, small-lot production.
- President changed in 2017 to rejuvenate management.
- Fast response possible through integrated product design and manufacturing.
- Circuit design experience in electronic components as strength.
- Not large-scale but deep expertise in specific fields.
Hidden Connections
- Mitsubishi Corporation is one of the major shareholders, providing stable capital relations.
- Competitive environment changed due to wireless business spin-offs by peer companies.
- High industry evaluation for electronic component supply to defense equipment.
- Long-term collaboration projects with Zama City's local community.
- Achieves both low-cost production and high quality using Chinese subsidiaries.
- Strengthened trust with clients by providing alternative components during semiconductor shortages.
- Secured growth funds through capital increase to strengthen technology development.
- Gained trust from major overseas clients through ISO certification.
Future Outlook
Growth Drivers
- Expanding demand for higher functionality in automotive electronic components
- Increased demand for energy-saving and safety technologies due to stricter environmental regulations
- Production and sales expansion in China and Asia
- New product development from IoT and smart car technology advances
- Growth in wireless communication-related business
- Response to strengthening of quality-focused automotive industry standards
- Strengthened development of sustainability-compliant products
- Improved cost competitiveness through advanced manufacturing processes
- Promotion of collaborations with domestic and international partner companies
- Active recruitment and training of highly skilled personnel
Strategic Goals
- Double sales through expanded share in automotive electronic components
- 50% reduction in environmental load at domestic and overseas production bases
- Improve overall earnings through wireless business sales expansion
- Introduce environmentally considerate design aligned with product lifecycle
- Market differentiation through high-precision sensor development
- Strengthen customer base by establishing diverse sales channels
- Ongoing expansion of certifications focused on quality and safety
- 开拓 new business areas through investment in advanced technologies
- Promote sustainable corporate activities in symbiosis with local communities
- Continuous improvement in ESG ratings and enhanced investor relations
Business Segments
Automotive Parts Supply
- Overview
- Provides high-precision electronic control components to the automotive industry to improve safety and performance.
- Competitiveness
- High-reliability sensor development capabilities leveraging variable resistor technology
- Customers
-
- Automobile manufacturers
- Automotive parts trading companies
- Automotive repair shops
- Motorcycle manufacturers
- Products
-
- Throttle Valve Opening Sensor
- Accelerator Pedal Position Sensor
- Power Steering Angle Sensor
- PTC Planar Heating Film Heater
- Vehicle-mounted Variable Resistors
Electronic Components for Industrial Machinery
- Overview
- Supplies various adjustment and connection components for industrial electronic control devices.
- Competitiveness
- High-quality, high-durability electronic component lineup
- Customers
-
- Industrial machinery manufacturers
- FA equipment developers
- Electronic device manufacturers
- Products
-
- Potentiometers
- Trimmer Potentiometers
- Electronic Resistors
- Switches
- Relays
Communication Device Components
- Overview
- Provides switch categories that contribute to improving reliability of communication devices.
- Competitiveness
- Long-life, high-reliability electronic components for communications
- Customers
-
- Business radio manufacturers
- Communication infrastructure providers
- Products
-
- Encoder Switches
- Connectors
- Wireless Module Components
Components for Environmental Control and Medical Devices
- Overview
- Delivers high-precision and safe electronic components in medical and environmental fields.
- Competitiveness
- Quality management system strong in precision and safety
- Customers
-
- Medical device manufacturers
- Environmental control device manufacturers
- Products
-
- Temperature Sensors
- Heater Control Films
- High-precision Adjustment Resistors
Electronic Component Manufacturing Equipment Business
- Overview
- Manufactures equipment to support automation and quality improvement in electronic component production processes.
- Competitiveness
- Proprietary development of manufacturing and inspection technologies
- Customers
-
- Electronic component manufacturers
- Manufacturing equipment manufacturers
- Products
-
- Automatic Mounting Equipment
- Inspection Equipment
Competitive Advantage
Strengths
- Long accumulation of variable resistor technology
- Diverse lineup of automotive sensors
- Manufacturing and sales bases expanding domestically and internationally
- Quality management with ISO/TS certification
- Ability to serve a wide customer base
- Strong product development and technological capabilities
- Provision of high-durability products
- Proprietary planar heating element technology
- Market trust in automotive parts
- Integrated production via manufacturing subsidiaries
- Overseas production expansion centered on China
- Solid financial base
- Risk diversification through broad product deployment
- Flexibility in product design
- Proactive stance toward technological innovation
Competitive Advantages
- Industry-leading technology in variable resistors
- Automotive heater products using proprietary planar heating technology
- Supply stability through collaboration between domestic and overseas production bases
- Advanced quality management and ISO/TS16949 certification
- Development capabilities responsive to customer needs in automotive sensors
- High reliability from long industry track record
- Improved production efficiency through collaboration with subsidiaries
- Business focus and growth from wireless business independence
- Market penetration via diverse sales channels
- Strong transaction relationships with major customers
- Product differentiation through technological innovation
- Flexible product development system reflecting market trends
- Product provision meeting strict automotive manufacturer standards
- Abundant experience and expertise of in-house engineers
- Price competitiveness against competitors
Threats
- Changes in automotive industry direction affecting sensor demand
- Political instability and natural disaster risks in overseas production countries
- Rising raw material prices
- Increasing competition due to accelerating technological innovation
- Increased compliance burden from stricter regulations
- Exchange rate fluctuation risks
- Price competitiveness of emerging country companies
- Intensified competition from customer diversification trends
- Risk of global supply chain disruptions
- Fluctuations in demand for special sensors due to EV adoption
- Patent infringement risks
- Impact of semiconductor shortages
Innovations
2024: Higher Precision for Automotive Non-contact Position Sensors
- Overview
- Developed high-precision non-contact sensors surpassing conventional technology, contributing to improved automotive safety.
- Impact
- Enhanced market competitiveness and expanded new orders
2023: Commercialization of New PTC Planar Heating Element Heater
- Overview
- Newly developed energy-saving thin planar heating element heaters, expanding in-vehicle applications.
- Impact
- Achieved sales growth in automotive parts market
2022: Introduction of Manufacturing Process Automation Equipment
- Overview
- Introduced in-house automation equipment to improve electronic component quality and production efficiency.
- Impact
- 20% productivity improvement, better yield
2021: Spin-off and Performance Enhancement of Wireless Communication Business
- Overview
- Spun off related business division to Mono Wireless to enhance specialization and advance growth strategy.
- Impact
- Stabilization of core earnings and new market expansion
2020: Expansion of Environmentally Friendly Product Lineup
- Overview
- Strengthened lead-free and RoHS-compliant products to enhance environmental regulation compliance.
- Impact
- Improved competitiveness in overseas markets
Sustainability
- ISO/TS16949 quality and environmental management certification
- Promotion of energy savings and waste reduction in production processes
- Environmental load reduction activities at all bases including subsidiaries
- Active adoption of low environmental impact materials
- Environmental education activities in collaboration with local communities
- Thorough occupational safety and health management
- Employee environmental awareness programs
- Dissemination of eco-procurement policies to suppliers
- Promotion of resource recycling
- Product design for extended lifespan