Okaya Electric Industries

Basic Information

Stock Code
6926
Industry
Electrical Equipment
Category Detail
Semiconductors & Electronic Components
Prefecture
Tokyo
Establishment Year
April 1939
Listing Year
September 1970
Official Website
https://www.okayaelec.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
ASMO, Toami, Koho Industries, TDK, Tamura Corporation, Sumida Corporation, AKIBA, Mitsui High-Tec, Taiyo Yuden, Murata Manufacturing, Nichicon, Nippon Chemi-Con, KOA

Overview

Okaya Electric Industries is an electrical equipment manufacturer founded in 1939, a long-established company with a global market share centered on noise suppression capacitors.

Current Situation

Okaya Electric Industries recorded consolidated sales of 14.3 billion yen and operating profit of 400 million yen for the fiscal year ending March 2024, maintaining a stable business base. Its core noise suppression capacitor business receives high global recognition and has strong competitiveness in the electronic passive components market. Manufacturing bases include its head office in Tokyo, as well as facilities in Nagano and Saitama, establishing a solid production system. In recent years, it has expanded into new fields such as display components and sensor components while promoting technological innovation. Aiming for sustainable management, it develops environmentally friendly products and introduces energy-saving manufacturing processes. Listed on the Tokyo Stock Exchange Standard Market, it has a stable shareholder composition and ensures financial soundness. Moving forward, it will pursue growth strategies by capturing global market demand and strengthening digitalization対応. Compared to competitors in the industry, it leverages its unique technological superiority to expand market share, continuously pursuing new product development and production efficiency improvements.

Trivia

Interesting Facts

  • Long-established electronic components manufacturer founded in 1939.
  • Has a history of manufacturing vacuum tubes 'Rodan'.
  • Holds a global share in noise suppression capacitors.
  • Has a historic manufacturing base in Okaya City, Nagano Prefecture.
  • Listed on the Tokyo Stock Exchange Standard Market since 1970.
  • Capital of approximately 2.3 billion yen with high financial stability.
  • Mid-sized manufacturer with 1,115 employees, exerting significant presence.
  • Deploys diverse noise capacitors under its own brands.
  • Provides custom products for various industries.
  • Early engagement in environmentally friendly product development.
  • Contributing to industrial advancement with precision sensors.
  • Achieves stable management with customer base spanning Japan and overseas.
  • Relocated head office to Tokyo after wartime evacuation.
  • Products specialized in noise control, contributing to improved electronic device quality.
  • Display equipment is also a key business pillar with diverse products.

Hidden Connections

  • Continuous history from former name 'Showa Denki Seisakusho' builds trust.
  • Successfully shifted products after vacuum tube market ended, adapting to market changes.
  • Mizuho Trust Bank as major shareholder ensures financial stability.
  • Dispersed manufacturing bases across multiple regions mitigate natural disaster risks.
  • Display equipment division supports local digital signage demand.
  • Employee investment club demonstrates strong corporate culture.
  • Connections to defense industry through orders for high-reliability components.
  • Okaya City in Nagano is the company's historical roots, supporting local economy.

Future Outlook

Growth Drivers

  • Increasing demand for noise suppression due to advanced electronic devices
  • Expansion of demand for energy-saving products due to strengthened environmental regulations
  • Growth in digital signage market
  • Increasing sensor demand from spread of industrial IoT
  • Active expansion into global markets
  • Expansion of demand for custom high value-added components
  • Differentiation strengthening through product high performance
  • Market share expansion of environmentally friendly products
  • Development of new business areas and technological innovation
  • Cost competitiveness enhancement through improved manufacturing efficiency
  • Increase in orders from manufacturing recovery post-COVID-19
  • Promotion of resource-recycling product development

Strategic Goals

  • Maintain and expand as world top-class noise suppression components manufacturer
  • Expand sales scale to approximately 20 billion yen
  • Thoroughly reduce environmental impact, cutting manufacturing CO2 by 50%
  • Increase custom product ratio to over 30%
  • Continuously strengthen product competitiveness through new technology introduction
  • Promote smart factory transformation of domestic and international manufacturing bases
  • Position SDG対応 as core of management to improve social evaluation
  • Achieve industry top level in customer satisfaction surveys
  • Expand sales in new business fields (sensors and display equipment)
  • Accelerate technological innovation through strengthened talent development system

Business Segments

Electronic Passive Components Manufacturing

Overview
Manufactures and supplies electronic passive components to a wide range of industries.
Competitiveness
High-precision and diverse custom response capability
Customers
  • Electronics manufacturers
  • Automotive parts manufacturers
  • Home appliance manufacturers
  • Industrial machinery manufacturers
  • Communication equipment manufacturers
  • Semiconductor manufacturers
  • Medical equipment manufacturers
  • Aerospace related
  • Defense industry
  • Measurement equipment manufacturers
  • Energy related
  • Research institutions
Products
  • Noise suppression capacitors
  • Electronic passive components
  • Surge protection components
  • Lead frames
  • Ceramic packages
  • Crystal devices
  • Display components
  • Sensor components
  • High-voltage capacitors
  • Anti-vibration capacitors
  • High-reliability components
  • Low-loss capacitors
  • Thin-film components
  • Flexible components
  • Special function components

Display Equipment Manufacturing

Overview
Plans and develops display equipment for commercial facilities and public use.
Competitiveness
Advanced design technology for customization
Customers
  • Commercial facilities
  • Advertising agencies
  • Public entities
  • Event planning companies
  • Store operators
  • Transportation organizations
  • Real estate companies
  • Manufacturing industry
  • Local governments
  • Educational institutions
Products
  • LED display devices
  • Electronic POP signage
  • Electric signboards
  • Neon signs
  • Outdoor display panels
  • Digital notification systems
  • Warning lights
  • Display control units
  • Decorative lighting
  • Information display equipment

Industrial Lighting Equipment

Overview
Provides industrial lighting that pursues work environment improvement and energy savings.
Competitiveness
High durability and environmental impact reduction technology
Customers
  • Factories
  • Warehouses
  • Logistics centers
  • Construction companies
  • Local governments
  • Public facilities
  • Commercial facilities
  • Research institutions
  • Energy facilities
  • Hospitals
Products
  • LED work lights
  • Industrial lighting systems
  • Load-bearing lighting
  • Energy-saving lighting
  • Dimming devices
  • Environmentally compatible lighting
  • Waterproof lights
  • High-efficiency lighting
  • Battery lights

Sensors and Measurement Equipment

Overview
Sensor products for production management and environmental monitoring in various industries.
Competitiveness
High-sensitivity and long-life sensor technology
Customers
  • Automotive manufacturers
  • Home appliance manufacturers
  • Environmental analysis organizations
  • Industrial machinery manufacturers
  • Medical equipment manufacturers
  • Construction companies
  • Logistics companies
  • Disaster prevention related
  • Public institutions
  • Research and development institutions
  • Energy industry
Products
  • Temperature sensors
  • Pressure sensors
  • Light detectors
  • Motion sensors
  • Environmental monitoring sensors
  • Wireless sensors
  • Measurement control devices
  • Precision sensors
  • Communication modules

Power Protection and Surge Control Components

Overview
Prevents overvoltage in electrical equipment and protects devices.
Competitiveness
High electrical characteristics and reliability
Customers
  • Electric power companies
  • Industrial machinery manufacturers
  • Electronics manufacturing
  • Telecommunications providers
  • Automotive related
  • Building equipment contractors
  • Public infrastructure
  • Data centers
  • Logistics companies
  • Disaster prevention organizations
Products
  • Surge absorbers
  • Overvoltage circuit breakers
  • Lightning surge prevention caps
  • Power line filters
  • Protection circuit modules

Custom Electronic Components

Overview
Design and manufacture of high-precision components for special specifications.
Competitiveness
Design capability and quality control by skilled engineers
Customers
  • Medical equipment manufacturers
  • Aerospace related
  • High-precision equipment manufacturers
  • Defense related
  • Automotive parts manufacturers
  • Industrial machinery development
  • Robot manufacturers
  • Research institutions
  • Electronic device development companies
Products
  • Custom capacitors
  • High-voltage packages
  • Precision sensors
  • Special shape electronic components

Research and Development Support Services

Overview
Services that support customers' research and development from multiple angles.
Competitiveness
Abundant electronic component knowledge and practical know-how
Customers
  • Universities and research institutions
  • Industrial technology research institutes
  • Corporate R&D departments
  • Product development startups
Products
  • Technical consulting
  • Prototype production
  • Product evaluation testing
  • Technical training

Industrial Electronic Devices

Overview
Planning and manufacturing of composite electronic systems for industry.
Competitiveness
System design capability and component integration technology
Customers
  • Automation equipment manufacturers
  • Manufacturing industry
  • Logistics systems
  • Inspection equipment manufacturers
  • Energy management companies
  • Environmental equipment
Products
  • Embedded electronic modules
  • Control units
  • Sensor integrated devices
  • Information display devices

Electronic Components Sales and Distribution

Overview
Provides wide-area distribution and sales network for electronic components.
Competitiveness
Abundant inventory and rapid delivery system
Customers
  • Electronic component trading companies
  • Secondary processors
  • Repair companies
  • Retail stores
Products
  • Noise capacitors
  • Display components
  • Sensors
  • Various electronic components

Overseas Expansion and Export Business

Overview
Expands product supply and services to overseas markets.
Competitiveness
International certifications and global logistics network
Customers
  • Overseas electronics manufacturers
  • Global suppliers
  • Local agents
  • Exporters
Products
  • Noise suppression components
  • Display equipment
  • Sensors
  • Custom components

After-Sales Service and Maintenance

Overview
Provides long-term operation support and technical assistance for products.
Competitiveness
Rapid response and high technical capability
Customers
  • Device users
  • Facility managers
  • Electronic device maintenance companies
Products
  • Fault diagnosis service
  • Replacement parts supply
  • Technical support

Environmentally Compatible Product Development

Overview
Research, development, and provision of products that reduce environmental impact.
Competitiveness
Environmental regulation compliant technology and product quality
Customers
  • Environmental equipment manufacturers
  • Renewable energy companies
  • Eco product development companies
Products
  • Energy-saving capacitors
  • Environmental sensors
  • Eco display components

Competitive Advantage

Strengths

  • High-quality noise suppression technology
  • Diverse product lineup
  • Long-established reliability and brand power
  • Domestic and international production bases
  • Stable financial foundation
  • Long-term transaction relationships
  • Advanced custom response technology
  • Development of environmentally friendly products
  • Extensive industry experience
  • Sustainable production processes
  • Cultivation of specialized engineers
  • Comprehensive after-sales service
  • Global market responsiveness
  • Consistent quality control system
  • Advanced research and development capabilities

Competitive Advantages

  • Maintaining global share in noise suppression capacitors
  • Highly reliable product lineup based on years of track record
  • Product portfolio adaptable to diverse industries
  • Flexibility in custom-made products
  • High production technology and quality control capabilities
  • Global sales network
  • Product development considering sustainability
  • Advanced environmental regulation compliance technology
  • High value-added products provided by skilled engineers
  • Customer base spanning multiple industries
  • Robust financial base and stable capital structure
  • Reliable support system
  • Customer loyalty from long-term relationships
  • Competitive enhancement through advanced technology introduction
  • Rapid adaptation to market changes

Threats

  • Intensifying technological competition with major competitors
  • Impact of global semiconductor shortages
  • Risk of raw material price fluctuations
  • Political and economic risks in overseas markets
  • Cost increases due to strengthened environmental regulations
  • Changes in market needs accompanying digitalization
  • Performance impact from exchange rate fluctuations
  • Competitive pressure from new entrants
  • Disruptions in global supply chains
  • Obsolescence due to accelerating technological innovation
  • Challenges in talent acquisition and cost increases
  • Uncertainty in customer demand

Innovations

2024: Development of Energy-Saving Noise Capacitors

Overview
Commercialized noise capacitors with low loss and excellent energy-saving performance using new materials.
Impact
Reduced power consumption of customer devices by 10%

2023: Launch of New Environmentally Compatible Display Equipment Series

Overview
Developed digital signage products with improved resource conservation and recyclability.
Impact
Succeeded in expanding sales to commercial facilities

2022: Innovation in High-Sensitivity Sensor Technology

Overview
Developed new sensors capable of high-precision detection of minute signals and deployed in industrial applications.
Impact
Contributed to increase in new orders

2021: Quality Improvement through Introduction of Automatic Inspection System

Overview
Introduced AI-equipped automatic inspection system in manufacturing lines, achieving improved yield and efficiency.
Impact
Reduced defect rate by 5%, improved production efficiency by 15%

2020: Introduction of Global Logistics Optimization System

Overview
Renewed IT logistics management system to improve supply chain efficiency and reduce costs.
Impact
Reduced logistics costs by 10%

Sustainability

  • CO2 emissions reduction activities in manufacturing processes
  • Promotion of waste recycling rate improvement
  • Active adoption of environmentally compatible materials
  • Strengthening environmental management through ISO14001 certification
  • Collaborative projects with local communities for environmental conservation
  • Continuous investment in energy-saving product development
  • Charging infrastructure development and introduction of EVs for company vehicles
  • Implementation of employee environmental education programs
  • Formulation and operation of green procurement standards
  • Environmental impact reduction across the entire supply chain