Kikusui Holdings

Basic Information

Stock Code: 6912
Industry: Electrical Equipment
Category Detail: Semiconductors & Electronic Components
Prefecture: Kanagawa Prefecture
Establishment Year: August 1951
Listing Year: November 1991
Official Website: https://www.kikusui.co.jp/top.php
TSE Information: TSE Information
Yahoo! Finance: Yahoo! Finance
Other Companies: Manac CP, Toami, Trex Semiconductor, Adtec Plasma Technology, Techno Medeica, Sansha Electric Manufacturing, Cosel

Overview

Kikusui Holdings is a major player in the electrical equipment industry founded in 1951. It is a holding company boasting high technological capabilities, with electronic measuring instruments and industrial power supply equipment as its main products.

Current Situation

Kikusui Holdings recorded consolidated sales of approximately ¥10.1 billion and net profit of approximately ¥790 million for the fiscal year ended March 2022, continuing stable growth. Its mainstay products, electronic measuring instruments and industrial power supplies, are strong in stationary DC stabilized power supplies and withstand voltage testers, earning high praise in industrial fields both domestically and internationally. In 2022, it transitioned to a holding company structure, promoting functional separation within the group and operational efficiency. In technology development, it focuses on high-precision measurement technology and improving the reliability of industrial power supplies. It is also working to reduce environmental impact through the development of energy-efficient equipment and fulfilling its social responsibilities. By expanding sales channels domestically and internationally and differentiating from competitors, it is strengthening its revenue base. In the medium to long term, it plans to expand its business by launching products compatible with IoT and smart factories. Through subsidiary reorganization in 2022, it has clarified business divisions and enhanced specialization, accelerating global expansion strategy.

Trivia

Interesting Facts

Company name derived from the 'Kikusui' family crest of a warrior from the Nanboku-cho period by the founder
Started as a radio wave-related research institute at its founding in 1951
Holding company transition was a recent management reform in 2022
Group management with multiple related subsidiaries domestically and internationally
Specialized in stationary DC stabilized power supplies to expand market share
Deep ties with local community and active in environmental conservation activities
Historical factory in Gifu Prefecture
Rare brand name derived from traditional Japanese family crest
Established player in measurement instruments field with many patents
Highly evaluated for long-term stable supply of industrial power supplies
Head office functions consolidated in Tsuzuki-ku, Yokohama City
Clarified role division of subsidiaries with holding company transition
Customer-affiliated shareholder association exists among major shareholders
Maintains niche top position in electronic measuring instrument market
Cooperative corporate culture supporting local industry-academia collaboration

Hidden Connections

Had connections to military industries through radio wave technology from early founding
Major shareholder KTM is closely tied to the group as a related business entity
Related subsidiary Kikusui M's plays a core role in manufacturing operations
Related company in Yamanashi Prefecture has similar name to Fujitec but unrelated
Overseas base Kikusui America supports the North American market
Founder adopted warrior's family crest for company name to build unique brand
Strength in long-term customer relationships in advanced electronic measurement market
Group-wide employee count of 317, mid-sized but technology-intensive

Future Outlook

Growth Drivers

Increasing demand for measuring instruments accompanying industrial DX
Global demand for improved electronic equipment quality
Acceleration of IoT-compatible and smart device development
Expansion of demand for energy-saving equipment due to stricter environmental regulations
Higher value-added and diversification of industrial power supplies
Increased demand for measuring instruments from advanced regional industries
Growth from promotion of smart factory adoption
New customer acquisition through custom product capabilities
Strengthened collaboration with domestic and international research institutions
Improved production efficiency through manufacturing technology innovation
Service function expansion through digitalization
Market strengthening through promotion of environmentally friendly products

Strategic Goals

Achieve over 40% global sales ratio
Complete full product lineup with IoT compatibility
Increase proportion of sustainable products to over 70%
Double annual R&D investment amount
Achieve carbon neutrality at production sites
Complete digitalization of customer support system
Develop and launch products for new industrial fields
Increase number of joint projects with research institutions
Expand market share domestically and internationally
Implement employee skill enhancement programs

Business Segments

Industrial Power Supplies

Overview

Provides highly reliable power supply equipment for factories and research institutions.

Competitiveness

Product lineup that balances high precision and long life

Customers

Electronics Manufacturers
Automotive Parts Manufacturers
Electric Power Companies
Aerospace Companies
Universities and Research Institutions

Products

DC Stabilized Power Supplies
AC Power Supplies
Power Modules
High-Precision Power Systems

Electronic Measuring Instruments

Overview

Designs and manufactures high-precision measuring instruments for each industry.

Competitiveness

Technological capability to meet a wide range of measurement needs

Customers

Electrical Equipment Manufacturers
Semiconductor Manufacturers
Communication Equipment Manufacturers
Automotive Manufacturers
Quality Inspection Organizations

Products

Withstand Voltage Testers
Insulation Resistance Testers
Electronic Load Devices
Signal Generators

Communication Measuring Instruments

Overview

Provides measurement solutions specialized for the communications field.

Competitiveness

Rapid response to the latest communication technologies

Customers

Telecom Carriers
Network Equipment Manufacturers
Data Centers
Research and Development Institutions

Products

Communication Signal Analyzers
Network Performance Testers

R&D Support

Overview

Provides special equipment to meet advanced research needs.

Competitiveness

Comprehensive custom production and technical support

Customers

Universities
Public Research Institutions
Private R&D Centers

Products

Custom Power Systems
Specialized Measuring Instruments

Competitive Advantage

Strengths

Abundant track record in high-precision electronic measurement technology
Stable product quality and reliability
Sales network spanning domestically and internationally
Efficient management through holding company structure
Long years of experience in industrial power supply development
Wide product lineup
High customization capability
Solid financial base and stable earnings
Customer-oriented technical support system
Development capability for environmentally friendly products
Quick response to market needs
Employee technical expertise and specialization
Well-established domestic production system
Strengthened collaboration with group subsidiaries
Sales track record across diverse industries

Competitive Advantages

Optimization of management system and resource allocation through holding company transition
Strong brand power in the market for DC stabilized power supplies and withstand voltage testers
Product design capabilities adaptable to diverse industrial fields
Custom product provision system responsive to customer needs
Development strength for long-life products with high reliability
Rapid service deployment centered on domestic bases
Continuous technology investment backed by stable revenue base
Know-how built through transactions with multinational customers
Thorough quality assurance system and acquisition of various certifications
Agility in launching new products based on market trends
Comprehensive strength leveraging expertise of group companies
Promotion of innovation through technical collaboration with research institutions
Focus on employee training for human resource development
Cost competitiveness through improved production efficiency
Early development of low-environmental-impact products

Threats

Price pressure from intensifying domestic and international competition
Impact of supply chain risks such as semiconductor shortages
Decline in market competitiveness due to delays in technological innovation
Market share erosion from emerging manufacturers in developing countries
Revenue fluctuation risks from exchange rate changes
Increased product improvement costs due to stricter regulations
Demand reduction from changes in customer purchasing trends
Impact of natural disasters on production and logistics
Supply-demand fluctuations due to global economic uncertainty
Risks of patent rights and technology leakage
Decline in production capacity due to labor shortages
Delays in responding to escalating social environmental demands

Innovations

2022: Completed transition to holding company structure

Overview: Achieved clear group functions and operational efficiency.
Impact: Contributes to faster management decision-making and strengthened specialized divisions.

2023: Developed energy-saving model of high-precision DC power supply

Overview: Reduced power consumption by adopting high-efficiency modules.
Impact: Achieved 15% reduction in annual energy consumption.

2024: Launched IoT-compatible measuring instruments

Overview: Released new products with remote monitoring and data analysis functions.
Impact: Contributes to improved customer productivity and enhanced competitiveness.

2021: Developed new model of withstand voltage tester

Overview: Launched compact and lightweight model with improved operability.
Impact: Contributed to market share expansion.

2023: Began adopting low-environmental-impact materials

Overview: Adopted recycled materials for product cases and packaging.
Impact: Contributes to expansion of sustainable product lineup.

Sustainability

Development and promotion of energy-saving equipment
Active adoption of low-environmental-impact materials
Promotion of waste reduction and recycling
Collaboration with local communities on environmental conservation activities
Ongoing environmental education for employees
Resource conservation through long-life product design
Strengthened energy-saving measures at domestic manufacturing sites
Introduction of standardized in-house environmental impact assessment
Formulation of sustainable procurement policy
Setting of CO2 emission reduction targets