Kyosha

Basic Information

Stock Code
6837
Industry
Electrical Equipment
Category Detail
Semiconductors & Electronic Components
Prefecture
Kyoto Prefecture
Establishment Year
February 1959
Listing Year
November 1999
Official Website
https://www.kyosha.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Ibiden, Nikkato, Ebren, Shirai Electronics, Taiyo Technolex, Meiko, Nippon Fenol, Nippon CMK

Overview

Kyosha is an electrical equipment manufacturer founded in 1959, specializing in printed wiring board manufacturing and boasting the world's largest production volume of single-sided printed circuit boards.

Current Situation

Kyosha's consolidated sales for the fiscal year ending March 2019 were approximately 21.3 billion yen, with ordinary income of about 600 million yen, maintaining solid performance. It holds the world's number one share in single-sided printed circuit board production, mainly handling single- and double-sided boards for home appliances. It has strengths in manufacturing efficiency and quality control, focusing on returning factories to domestic locations and strengthening stable supply systems. To differentiate from competitors, it also manufactures component mounting and transfer jigs and advances technological innovations. With a management style rooted in the local community, it actively engages in social contribution activities. Along with the expansion of overseas affiliates, it focuses on opening new markets and developing environmentally responsive products. Entering the 2020s, it is promoting digitalization and automation of manufacturing processes to pursue productivity improvements. Aiming for sustainable growth, it is strengthening resource- and energy-saving initiatives. In the future, it aims to expand its business by providing manufacturing solutions utilizing new technologies such as IoT.

Trivia

Interesting Facts

  • Single-sided printed circuit board production volume is world top-class
  • One of the early companies to promote domestic factory return
  • Founded in 1951, with over half a century of history
  • Highly evaluated quality control system
  • Self-develops and produces component mounting and transfer jigs
  • Numerous affiliates in Asia, active overseas business
  • Owns headquarters and mother factory in Kumo-san Town, Kyoto Prefecture
  • Audited by PwC Kyoto Audit Corporation
  • Listed on Japan's JASDAQ market in 1999
  • Strengths in boards not only for industrial use but also home appliances
  • Focus on small and thin printed wiring board technology
  • Over 20 years of track record in environmentally responsive product development
  • High profitability through manufacturing efficiency
  • Management policy emphasizing relationships with local community
  • Participation in various industry associations and standards development

Hidden Connections

  • Affiliate Sanwa Electronics has local subsidiaries in Hong Kong and China, supporting Asian market development.
  • Mass-production know-how for single-sided boards is applied to special boards for automotive and medical equipment.
  • Japan Trustee Services Trust Bank is one of the major shareholders, providing management stability.
  • Its proprietary inspection technology in quality control is attracting attention in the industry.
  • Implements human resource development programs in collaboration with local universities and technical schools.
  • Mounting jig manufacturing technology holds an important position in automated electronics production.
  • Belongs to the Tokyo Stock Exchange Standard Market, striving for highly transparent information disclosure.
  • Has established voluntary standards in chemical substance management to enhance safety.

Future Outlook

Growth Drivers

  • Expanding demand for IoT and automation equipment domestically and internationally
  • Increasing market needs for environmentally responsive products
  • Growth in automotive and medical electronics markets
  • Productivity improvements through manufacturing process automation
  • Expansion of overseas markets centered on Asia
  • Technological innovations in high-function printed boards
  • Enhanced response to short lead times and multi-variety production
  • Social demands for sustainable manufacturing
  • Development of boards compatible with next-generation communications standards
  • Advancement of digital transformation
  • Expansion of high value-added products
  • Custom manufacturing tailored to customer needs

Strategic Goals

  • Further advancement and automation of domestic production systems
  • Achieve over 50% eco-product ratio with reduced environmental impact
  • Increase overseas sales ratio to over 30%
  • Open new markets for high-quality boards
  • Realize smart factories through AI and IoT in manufacturing sites
  • Expand mounting and transfer jig business and technological innovations
  • Establish sustainable human resource development system in collaboration with the region
  • Strengthen risk management and global competitiveness
  • Continuous investment in new materials and technologies
  • Improve profit margins through business efficiency via DX promotion

Business Segments

Printed Wiring Board Manufacturing

Overview
One-stop services for corporate clients from printed wiring board design and manufacturing to component mounting and transfer jig production.
Competitiveness
World's largest single-sided printed circuit board production capacity and advanced quality control technology.
Customers
  • Home appliance manufacturers
  • Automotive equipment manufacturers
  • Communications equipment manufacturers
  • Industrial machinery manufacturers
  • Medical equipment manufacturers
  • Electronic component trading companies
  • Precision equipment manufacturers
  • Aerospace-related companies
  • Robot manufacturers
  • Measuring instrument manufacturers
  • Defense-related companies
  • New energy equipment manufacturers
Products
  • Single-sided printed wiring boards
  • Double-sided printed wiring boards
  • Multilayer printed circuit boards (via collaboration)
  • Component mounting and transfer jigs
  • High-frequency compatible boards
  • Heat-resistant boards
  • Impedance-controlled boards
  • Flexible boards
  • Environmentally responsive boards
  • Prototype and short-lead-time boards
  • Mass-production boards
  • Power supply boards
  • Sensor boards
  • Communications equipment boards
  • High-durability boards

Component Mounting and Transfer Jig Manufacturing

Overview
Design, development, manufacturing, and sales of transfer and mounting jigs for electronic device manufacturing.
Competitiveness
Rapid provision of high-precision custom jigs tailored to manufacturing site needs.
Customers
  • Mounting equipment manufacturers
  • Electronic component mounting factories
  • Home appliance retailers
  • Communications equipment service companies
  • Automotive electronics suppliers
  • Medical equipment manufacturers
  • Industrial robot companies
  • Automotive parts suppliers
  • Aviation electronics companies
Products
  • Mounting jigs
  • Transfer jigs
  • Inspection jigs
  • Assembly jigs
  • High-precision jigs
  • Jig design services
  • Automation-compatible jigs
  • Custom jigs
  • Mass-production jigs
  • Durability-enhanced jigs

Overseas Business and Sales

Overview
Overseas operations centered on Southeast Asia and China, strengthening sales and supporting local production.
Competitiveness
Rapid response system through region-rooted sales networks.
Customers
  • Overseas electronics manufacturers
  • International distributors
  • Overseas electrical equipment sales agents
  • Global electronic component companies
  • Overseas assembly factories
Products
  • Printed wiring board exports
  • Overseas assembly-compatible boards
  • Region-specific wiring boards
  • Export-oriented jig products

New Technology Development Support

Overview
Prototyping of printed boards using new technologies and materials, along with technical support.
Competitiveness
Integration of precision design based on material properties and mass-production technology.
Customers
  • Electronic component manufacturers
  • Research institutions
  • New business development divisions
  • Technology ventures
Products
  • High-performance board prototypes
  • Material technology verification
  • Design evaluation services
  • Manufacturing process improvements

Environmentally Responsive Product Provision

Overview
Deployment of eco-products and related services compliant with environmental regulations.
Competitiveness
Reliable provision of environmentally responsive products compliant with international standards.
Customers
  • Companies responding to environmental regulations
  • Green procurement divisions
  • Sustainable product developers
Products
  • Low-environmental-impact boards
  • Recyclable material boards
  • Lead-free solder compatible boards
  • Eco-certified products

Prototype and Short-Lead-Time Services

Overview
Rapid board prototyping and short-lead-time manufacturing tailored to customer needs.
Competitiveness
Proven track record of high production flexibility and on-time delivery.
Customers
  • Prototype development divisions
  • New product planning companies
  • Venture companies
  • Test equipment manufacturers
Products
  • Short-lead-time printed boards
  • Custom-spec boards
  • Small-lot mass-production boards

Special-Purpose Board Manufacturing

Overview
Provides printed boards for special environments using advanced technology.
Competitiveness
Years of accumulated expertise in high-quality special board manufacturing.
Customers
  • Medical equipment manufacturers
  • Aerospace industry
  • Defense-related organizations
  • Precision electronics developers
Products
  • Heat-resistant boards
  • High-frequency boards
  • High-durability boards
  • Sensor boards

Design Support and Consulting

Overview
Technical support from the design stage and manufacturing optimization services.
Competitiveness
Abundant technical know-how and close customer support.
Customers
  • Electronics manufacturers
  • Design firms
  • New business projects
Products
  • Board design support
  • Manufacturing process optimization
  • Mounting technology consulting

After-Sales Service and Maintenance

Overview
Maintenance and technical support services for manufacturing sites.
Competitiveness
Rapid response and advanced technical support system.
Customers
  • Manufacturing equipment operators
  • Electronics maintenance divisions
  • Repair service providers
Products
  • Jig maintenance
  • Manufacturing line support
  • Technical troubleshooting

Material Supply and Sales

Overview
Supply and sales of high-quality printed wiring board materials.
Competitiveness
Thorough stable supply and quality control.
Customers
  • Board manufacturers
  • Material trading companies
  • R&D divisions
Products
  • Printed wiring board materials
  • Special resins
  • Conductive materials

Training and Technical Education

Overview
Technical education and training services for customers and internal staff.
Competitiveness
Content based on practical know-how and experience.
Customers
  • Manufacturing site employees
  • Engineer training institutions
  • Customer companies
Products
  • Board technology training
  • Quality management courses
  • Manufacturing line education

Environmental and Safety Regulation Compliance Support

Overview
Support services for compliance with environmental laws and safety standards.
Competitiveness
Support for legal compliance and sustainable manufacturing.
Customers
  • Manufacturers
  • Business audit teams
  • Environmental consultants
Products
  • Environmental regulation compliance consulting
  • Safety management plans
  • Risk assessments

Competitive Advantage

Strengths

  • World's largest single-sided printed circuit board production capacity
  • High-quality printed wiring board manufacturing technology
  • Solid financial base and stable earnings
  • Established advanced quality control system
  • Strengthened supply chain through domestic factory return
  • Technical prowess in component mounting and transfer jig manufacturing
  • Local community-rooted management approach
  • Global expansion via diverse affiliates
  • Comprehensive customer support system
  • Management policy focused on R&D
  • Promotion of manufacturing process digitalization
  • Development and provision of environmentally considerate products
  • Accumulated long-term quality and trust
  • Utilization of diverse sales channels
  • Ongoing efforts for productivity improvement

Competitive Advantages

  • Low-cost, mass-production system backed by world's top single-sided printed circuit board production volume
  • Achieves high quality and rapid response through domestic manufacturing return
  • Technical capability to provide high-precision boards and mounting jigs seamlessly
  • Product portfolio clearing international standards with environmentally responsive products
  • Stable customer base from long-term trust rooted in the region
  • Market development via global affiliate networks
  • Supports new technology development with short-lead-time services
  • Efficiency improvements through manufacturing process automation and digitalization
  • Abundant track record in developing high-function boards for special environments
  • Customizable design support system for each customer
  • High flexibility and responsiveness in jig manufacturing
  • Promotes technology succession and quality maintenance via training services
  • Comprehensive consulting for safety and environmental regulation compliance
  • Balanced retail and direct sales through diverse channels
  • Enhanced reliability via manufacturing site maintenance

Threats

  • Price competition pressure from intensifying global competition
  • Risks from material price fluctuations and supply instability
  • Market shifts due to overseas production cost advantages
  • Risks if unable to keep pace with rapid technological innovations
  • Increased manufacturing burden from stricter environmental regulations
  • Market fragmentation from new entrants
  • Risk of production equipment damage from natural disasters
  • Labor shortages due to declining working-age population
  • Uncertainties in import/export costs from exchange rate fluctuations
  • Profit pressure from rising domestic production costs
  • Risks of intellectual property infringement and technology leakage
  • Sales instability from customer demand fluctuations

Innovations

2024: Digitalization of Printed Board Manufacturing Processes

Overview
Introduced IoT to manufacturing lines to advanced process management. Improved production efficiency and quality control.
Impact
20% increase in production speed, 15% reduction in defect rate

2023: Development of Environmentally Considerate Eco Boards

Overview
Commercialized eco printed boards using lead-free and recyclable materials.
Impact
Meets environmental compliance demands in domestic and overseas markets

2022: Mass Production of High-Durability Boards

Overview
Developed and deployed high-durability printed boards for harsh environments targeted at industrial equipment.
Impact
Contributes to acquiring new customers and sales growth

2021: Advancement of Automated Component Mounting and Transfer Jig Design

Overview
Significantly improved jig design efficiency by combining CAD and analysis technology.
Impact
40% reduction in design period, cost savings in development

2020: Equipment Investment for Domestic Production Return

Overview
Implemented capacity expansion for small boards by introducing new equipment at the mother factory.
Impact
Achieved expansion of domestic orders and shortened delivery times

Sustainability

  • Enhanced energy-saving measures in manufacturing processes
  • Promotion of reducing hazardous substance use
  • Expansion of waste recycling
  • Acquisition of ISO 14001 environmental management system certification
  • Environmental awareness education for employees
  • Participation in local environmental conservation activities
  • Expansion of environmentally responsive product lineup
  • Building green supply chains
  • Strengthened proper treatment of waste liquids and gases
  • Environmental assessments of suppliers
  • Promotion of resource-saving product design
  • Reduction of environmental impact across the supply chain