Ooi Electric

Basic Information

Stock Code
6822
Industry
Electric Equipment
Category Detail
Construction & Civil Engineering
Prefecture
Kanagawa Prefecture
Establishment Year
January 1950
Listing Year
August 1995
Official Website
https://www.ooi.co.jp/
TSE Information
TSE Information
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Mirait One, JESCO Holdings, Hikari Holdings, Comsys Holdings, Synclayer, Excio Group, Kanda Tsushinki, Super Bag, IA G, CS Lumber

Overview

Ooi Electric is a Kanagawa Prefecture-based company founded in 1950, engaged in construction, civil engineering, and manufacturing of information and communication equipment. It primarily operates in communication line construction and communication equipment maintenance as part of the Mitsubishi Electric group.

Current Situation

Ooi Electric focuses mainly on the construction and maintenance of communication networks, maintaining a stable sales base. In fiscal 2023, it achieved solid earnings due to an increase in communication line equipment construction projects. It collaborates primarily with the Mitsubishi Electric Group to provide high-quality communication construction, promoting differentiation from competitors. Leveraging its track record in the equipment construction (communications) field, it contributes to regional infrastructure development. In recent years, it has also undertaken manufacturing of communication network equipment and is focusing on developing security and disaster prevention equipment. The company is introducing technologies to reduce environmental impact, aiming to contribute to society's safety and peace of mind. Moving forward, it plans to pursue technological innovation and improvements in service quality, capitalizing on the expanding demand for 5G and next-generation networks. Toward sustainable business operations, it is implementing energy-saving equipment and waste reduction efforts, while advancing mid- to long-term growth strategies. Through business diversification and expansion of its customer base, it aims to maintain leadership in the communication equipment construction sector.

Trivia

Interesting Facts

  • Has approximately 70 years of history since its founding as a Mitsubishi Electric affiliate
  • Holds numerous patents for proprietary technologies in telecommunications equipment construction
  • One of the few companies that also designs and manufactures diverse security and disaster prevention equipment
  • Boasts strong track record in communication infrastructure construction within Kanagawa Prefecture
  • Contributed to communication network setup at local elementary schools
  • Achieved high customer satisfaction in communications equipment maintenance services
  • Provides one-stop services through collaboration with IT integrators
  • Holds multiple ISO certifications with a focus on quality management
  • Offers integrated services from design to construction and maintenance
  • Extensive experience in wireless communication construction
  • Some disaster prevention products adopted by municipalities
  • Many employees hold communications engineer licenses
  • Historical ties as a related company of former Nippon Electric Communications Industry
  • Reduced workplace accidents through in-house proprietary safety education programs
  • Conducts regional revitalization activities in collaboration with local chambers of commerce

Hidden Connections

  • Collaborates technologically with Mitsubishi Electric's communications equipment division to offer integrated services
  • Serves as a primary contractor for local government communication infrastructure upgrades
  • Continuously improves security products with cooperation from police and fire departments
  • Occasionally collaborates with peer companies to provide joint communications maintenance services
  • Participates in university communications technology research projects with technical support
  • Disaster prevention equipment utilized in local disaster drill programs
  • Some equipment adopted for network construction in public facilities
  • Company communications construction technicians have been awarded at national competitions

Future Outlook

Growth Drivers

  • Expansion of communication infrastructure demand from 5G and 6G
  • Growing societal interest in disaster prevention and security equipment
  • Acceleration of IT infrastructure development by local governments
  • Expansion of participation in smart city projects
  • Increasing demand for communications equipment maintenance services
  • Market shift toward energy-efficient and environmentally friendly equipment
  • Widespread adoption of IoT-related communication equipment
  • Rising network setup needs among SMEs
  • Utilization of ICT technologies to offset declining workforce
  • Impact of remote work proliferation post-COVID
  • Potential entry into overseas communication infrastructure markets
  • Contributions to sustainable social infrastructure development

Strategic Goals

  • Expand domestic market share in telecommunications equipment construction
  • Strengthen development of energy-saving equipment
  • Diversify and expand security and disaster prevention product lines
  • Achieve business operations that reduce environmental impact
  • Improve service quality through digital technologies
  • Strengthen organization via talent development and diversity promotion
  • Deepen coexistence with local communities and social contribution activities
  • Achieve 50% improvement in construction efficiency using ICT technologies
  • Increase sales by 20% through new customer acquisition
  • Continuously achieve stable mid- to long-term growth

Business Segments

Telecommunications Equipment Construction Business

Overview
Provides design, construction, and maintenance for communication lines and network equipment.
Competitiveness
High technological expertise from the Mitsubishi Electric group and stable customer base
Customers
  • Telecommunications carriers
  • CATV operators
  • Municipalities and local governments
  • Major electrical equipment manufacturers
  • Small and medium enterprises
  • Building management companies
  • IT integrators
  • Design offices
  • Construction firms
Products
  • Fiber optic cable laying construction
  • LAN network construction
  • Telephone line equipment installation
  • Communications maintenance services
  • CATV network construction
  • Base station installation support

Communications Equipment Manufacturing Business

Overview
Develops, manufactures, and sells communications and security equipment.
Competitiveness
Production system for diverse communications and disaster prevention equipment and technological development capabilities
Customers
  • Telecommunications operators
  • Electrical equipment sales companies
  • Disaster prevention equipment sales companies
  • Surveillance system implementation companies
  • Corporate customers
  • Equipment management companies
Products
  • Routers
  • Network switches
  • Security cameras
  • Wireless alarm devices
  • Optical relay devices
  • Fire extinguishing devices

Maintenance and Operations Business

Overview
Provides maintenance and monitoring services for communication network equipment.
Competitiveness
Rapid response capabilities and nationwide service network
Customers
  • Telecommunications carriers
  • Large corporations
  • Public facilities
  • Commercial facilities
  • Factories
  • Schools
Products
  • Communications equipment maintenance services
  • Network monitoring
  • Periodic inspections
  • Troubleshooting
  • Equipment upgrade support

Competitive Advantage

Strengths

  • Strong collaboration with Mitsubishi Electric Group
  • Advanced technological capabilities in telecommunications equipment construction
  • Manufacturing capabilities for communication network equipment
  • Stable customer base and regionally focused services
  • Expertise in developing security and disaster prevention equipment
  • Extensive track record in communication infrastructure construction
  • Rapid maintenance and operations system
  • Continuous investment in technological development
  • High-quality management and safety management systems
  • Broad transaction relationships with communication operators
  • Existence of customers with long-term contracts
  • Efforts to reduce environmental impact
  • Abundant qualified engineers
  • Service expansion utilizing ICT technologies
  • Thorough compliance with laws and safety standards

Competitive Advantages

  • Achieves high-quality construction with technical support from Mitsubishi Electric Group
  • Possesses extensive track record and trust in communication line construction
  • Offers diverse product lineup in security and disaster prevention fields
  • Nationwide maintenance service network as a strength
  • Flexible customization capabilities tailored to customer needs
  • Active investment in latest communication technology development
  • Synergy effects from information and communication equipment manufacturing
  • Stable orders due to trusted relationships with local communities
  • Enhanced quality assurance through ISO and other international certifications
  • Reduced service downtime through rapid incident response
  • Focus on employee training for continuous improvement of technical skills
  • High compliance with legal regulations in environmental and safety aspects
  • Capability to execute complex large-scale communication projects
  • Lower-risk maintenance services compared to competitors
  • Proposal capabilities tailored to diverse industry needs

Threats

  • Intensifying competition in communication infrastructure development leading to price competition
  • Risk of declining competitiveness due to delays in adopting new technologies
  • Risk of infrastructure damage from natural disasters
  • Increased response costs due to diversifying customer needs
  • Challenges in securing talent amid labor shortages
  • Impact of international fluctuations in raw material prices
  • Adaptation burden from rapid technological changes in the communications market
  • Rising cybersecurity risks
  • Increased operating costs from stricter related regulations
  • Market share loss due to technological innovations by competitors
  • Fluctuations in equipment procurement costs from exchange rate changes
  • Reduced equipment investments amid economic downturns

Innovations

2024: Introduction of Next-Generation Telecommunications Equipment Construction Technology

Overview
Developed construction methods for telecommunications equipment compatible with 5G and future 6G technologies.
Impact
Significant reduction in construction period and major improvement in construction quality

2023: Launch of Energy-Efficient Routers for Communication Networks

Overview
Developed environmentally friendly network equipment with energy-saving design.
Impact
Contributes to reducing customers' electricity costs

2022: Implementation of High-Sensitivity Night Vision Technology in Security Cameras

Overview
Equipped with high-sensitivity imaging technology capable of clear recording even in low light.
Impact
Improved security performance and customer satisfaction

2021: Start of AI Utilization in Communications Maintenance Operations

Overview
Improved maintenance efficiency by introducing AI technology for fault prediction detection.
Impact
20% reduction in maintenance costs and enables early response

2020: Expansion of Recycled Material Use to Reduce Waste

Overview
Actively adopting recycled materials in communication equipment manufacturing to contribute to waste reduction.
Impact
Reduced environmental impact and enhanced corporate value

Sustainability

  • Introduction and promotion of energy-saving construction technologies
  • Improvement of waste recycling rate
  • Review of material procurement to reduce environmental impact
  • Active participation in community safety activities
  • Promotion of employee environmental education and awareness activities
  • Maintenance of ISO 14001 environmental management system
  • Strengthening sharing of environmental standards with partner companies
  • Development of safe and secure work environments
  • Promotion of equipment longevity to reduce waste
  • Ongoing support for local natural environment conservation activities
  • CO2 emission reductions through electricity consumption optimization
  • Efficiency improvements via non-contact construction technologies