New Cosmos Electric

Basic Information

Stock Code: 6824
Industry: Electric Equipment
Category Detail: Information & Communication Equipment
Prefecture: Osaka Prefecture
Establishment Year: June 1960
Listing Year: November 1996
Official Website: https://www.new-cosmos.co.jp/
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Japan Dry Chemical, Ai Holdings, Teikoku Fiber, Kikukawa, TVE, Nomi Bosai, Hochiki, TOA, Hoshi Medical

Overview

New Cosmos Electric is an electric equipment manufacturer founded in 1960, leading the market for safety-related products centered on domestic top-class gas alarm manufacturing, utilizing high-performance sensor technology.

Current Situation

New Cosmos Electric recorded sales of approximately 19 billion yen in fiscal 2023 and maintains the top domestic market share in both household and industrial gas alarms. It manufactures a wide range of safety equipment, including fire alarms and odor sensors, and actively invests in technology development. Certified with ISO9001 and ISO14001, it focuses on quality management and environmental considerations. Expanding overseas primarily in Asia and North America, including China, Taiwan, Korea, and the US, it has built a global sales network. In recent years, it has established local subsidiaries in Korea and the US, focusing on expansion in Asia. Since 2023, it has strengthened advertising activities such as year-end and New Year spot commercials to increase brand awareness. Continuing research and development in high-performance gas detection technology, it aims to expand its safety equipment business for firefighting and factories. In the future, it will integrate sensor and control technologies to develop and sell products addressing diverse safety needs, aiming to increase the overseas sales ratio by 2030.

Trivia

Interesting Facts

Developed the world's first semiconductor household gas alarm in 1969
Holds the top position in Japan's household gas alarm market
World's first developer of explosion-proof micro air pump
Holds numerous patents domestically and internationally in gas detection
Focusing on year-end and New Year spot CMs to increase awareness

Hidden Connections

Iwata Sangyo is a major shareholder, strengthening collaboration in gas-related businesses
Equity alliance with SenseAir (Sweden) and Bionics Instrument Europe (Netherlands) for technology exchange
Donated sensor engineering chair to Yokohama National University to promote industry-academia collaboration
Among Tokyo Stock Exchange Standard Market, top-class scale as a gas alarm specialist

Future Outlook

Growth Drivers

Increasing safety awareness in homes and factories
Expansion of IoT and smart home related markets
Progress in infrastructure development in overseas markets
Development of high value-added products through technological innovation
Demand for energy-saving products due to strengthened environmental regulations

Strategic Goals

Expand overseas sales ratio to over 40%
Increase IoT-linked product sales to 30% of total
Complete development of next-generation low-power consumption sensors
Apply sustainability certified products to all products
Breakthrough 10 billion yen in revenue from new business areas

Business Segments

Industrial Safety Equipment Business

Overview

Provides safety monitoring systems for industry and infrastructure, supporting work safety in harsh environments.

Competitiveness

Comprehensive lineup of products compliant with safety standards due to high technological capabilities

Customers

Petrochemical Plants
Gas Supply Companies
Manufacturing Factories
Fire and Disaster Prevention Agencies
Construction Industry

Products

Industrial Gas Detection Alarms
Explosion-Proof Micro Pumps
Gas Analyzers
Environment Monitors
Industrial Fire Alarms

Government and Public Safety Business

Overview

Manufactures and sells emergency alarm devices and environmental monitoring systems for public safety.

Competitiveness

Reliable track record and support system for government agencies

Customers

Local Governments
Fire Departments
Disaster Prevention Centers
Environmental Monitoring Agencies
Public Facilities

Products

Fire Alarms
Gas Leak Detection Systems
Air Quality Monitors
Sirens and Alarm Systems
Environment Sensors

Overseas Business

Overview

Has established local subsidiaries mainly in China, Korea, and the US, conducting overseas sales and technical support.

Competitiveness

Prompt response through local subsidiaries and product deployment considering regional characteristics

Customers

Asian Companies
North American Companies
Import Agents
International Disaster Prevention Agencies
Overseas Plants

Products

Household Gas Alarms
Industrial Detectors
Portable Gas Detectors
Gas Analyzers
Safety Systems

Maintenance and Service Business

Overview

Provides product maintenance, inspection, and repair services to support safety maintenance.

Competitiveness

High-quality support system by specialized technicians

Customers

Major Domestic Gas Companies
Factories
Sales Agents
Construction Companies
Public Facility Managers

Products

Gas Alarm Maintenance
Detector Calibration Service
Product Repairs
Safety Training
Periodic Inspections

Sensor and Parts Supply Business

Overview

Manufactures various high-performance sensor parts and provides them to industry.

Competitiveness

Development capabilities for high-performance sensors using proprietary technology

Customers

Electronic Equipment Manufacturers
Industrial Equipment Manufacturers
Disaster Prevention Equipment Manufacturers
Semiconductor Manufacturers
Overseas Parts Traders

Products

Semiconductor Gas Sensors
Explosion-Proof Micro Air Pumps
Odor Sensor Elements
Temperature and Infrared Sensors
Electronic Components

New Technology and IoT Solution Business

Overview

Develops solutions that realize remote monitoring and smart management using IoT technology.

Competitiveness

New market development through integration of cutting-edge technology and existing products

Customers

Smart Home Companies
Factory Automation Companies
IT System Companies
Energy Management Companies
Environmental Monitoring Service Providers

Products

IoT Gas Detection Systems
Cloud-Linked Monitors
Remote Alarm Systems
Safety Network
Smart Sensors

Residential Security System Business

Overview

Develops and sells safety and security systems for residences.

Competitiveness

Integrated system compatible with a wide range of security equipment

Customers

Housing Manufacturers
Security Companies
Condominium Management Associations
Individual Users
Real Estate Companies

Products

Home Security Equipment
Wireless Alarm Systems
Sensor Equipment
Security Cameras
Access Control

Environmental Monitoring Business

Overview

Provides monitoring equipment for environmental conservation and regulatory compliance.

Competitiveness

High accuracy due to high-sensitivity sensor technology

Customers

Environmental Survey Companies
Local Government Environmental Departments
Corporate Environmental Management
Research Institutions
Plant Managers

Products

Air Quality Monitoring Devices
Hazardous Substance Detectors
Environmental Data Collection Equipment
Real-Time Monitors
Environment Sensors

Education and Research Support Business

Overview

Contributes to the dissemination of sensor technology and training of next-generation engineers.

Competitiveness

Promotion of technology development through academic collaboration

Customers

Universities
Research Institutes
Technical Companies
Public Research Institutions
Industrial High Schools

Products

Donation of Sensor Equipment
Support for Technical Lectures
Research Equipment
Provision of Teaching Materials
Joint Research and Development

Overseas Local Subsidiary Support Business

Overview

Supports sales and services for overseas local subsidiaries to strengthen competitiveness in local markets.

Competitiveness

Global network and robust local response capabilities

Customers

China Local Subsidiary
Korea Local Subsidiary
US Local Subsidiary
Asian Sales Agents
Local Users

Products

Product Sales
Technical Support
Marketing Support
After-Sales Service
Local Customization

Maintenance Parts Supply Business

Overview

Stably supplies parts and consumables for product maintenance.

Competitiveness

Abundant inventory and prompt supply system

Customers

Sales Agents
Maintenance Companies
Factories
Gas Companies
Government Agencies

Products

Replacement Sensor Parts
Alarm Parts
Consumables
Repair Parts
Maintenance Supplies

Lifecycle Solution

Overview

Provides total services from product introduction to disposal, supporting customer safety.

Competitiveness

Consistent services and technical support

Customers

Major Gas Companies
Industrial Plants
Construction Companies
Disaster Prevention Related Companies
Local Governments

Products

Monitoring System Introduction
Installation Services
Maintenance Contracts
Upgrade Support
Safety Education

Competitive Advantage

Strengths

Advanced semiconductor gas sensor technology
Top share in Japan's domestic gas alarm market
Diverse product lineup
Global expansion through overseas local subsidiaries
Thorough quality and environmental management with ISO certification
Long industry track record and trust
Strong technology development organization
Strong business relationships with government and public sectors
Products corresponding to a wide range of industries

Competitive Advantages

Technological superiority from developing the world's first semiconductor household gas alarm
Provision of high value-added products utilizing proprietary technologies such as explosion-proof micro air pumps
Expanding market share in industrial use in addition to No.1 domestic household gas alarm market
Establishing local subsidiaries in Asia and North America for products tailored to regional needs
High reliability and environmental considerations with ISO9001 and 14001 certification highly evaluated by customers
Advanced technology in high-precision odor sensors and air quality meters
Stable sales base with diverse sales channels
Comprehensive maintenance services building long-term customer relationships
Promoting research and development through collaboration with academia

Threats

Slowing demand due to population decline in domestic market
Intensifying technological catch-up and price competition from overseas rivals
Increased burden of product compliance due to changes in laws and regulations
Risk of fluctuating raw material prices
Obsolescence of existing products with spread of new technologies
IoT security risks and cyber attack threats
Supply chain impacts from natural disasters

Innovations

2024: Introduction of High-Precision IoT Gas Detection System

Overview: Developed and launched high-precision gas detection system with remote monitoring using IoT.
Impact: Improved efficiency in safety management and customer satisfaction

2023: Commercialization of New Odor Sensor

Overview: Successfully commercialized odor sensor with 20% higher sensitivity than conventional.
Impact: Contributes to new market development and sales growth

2022: Technological Improvement of Explosion-Proof Micro Air Pump

Overview: Successfully developed compact and energy-saving micro air pump.
Impact: Improved product reliability and energy-saving performance

2021: Strengthening Overseas Local Subsidiary Establishment

Overview: Established local subsidiaries in the US and Korea, strengthening sales and service systems.
Impact: Significantly increased overseas sales

2020: Patent Acquisition for New Gas Detection Technology

Overview: Obtained patent for new gas detection sensor technology with noise resistance.
Impact: Product differentiation and enhanced competitiveness

Sustainability

Promoting reduction of environmental impact through ISO14001 certification
Promoting sales of energy-saving gas alarms
Implementing product recycling programs
Strengthening internal training to raise environmental awareness
Developing eco-mark certified products