Japan Resistor Mfg. Co., Ltd.

Basic Information

Stock Code
6977
Industry
Electrical Equipment
Category Detail
Semiconductors & Electronic Components
Prefecture
Toyama Prefecture
Establishment Year
May 1943
Listing Year
October 1964
Official Website
https://www.jrm.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Kioxia Holdings, Socionext, Morio Electric, Sanken Electric, Renesas Electronics, Axel, Zain Electronics, Aoi Electronics, Shindengen Electric Mfg., MegaChips, ROHM, Matsuo Electric, Nepon

Overview

Japan Resistor Mfg. Co., Ltd. is an electronic components manufacturer founded in 1943, supplying high-quality components both domestically and internationally, centered on resistors and high-density mounting technology.

Current Situation

Japan Resistor Mfg. Co., Ltd. recorded consolidated sales of approximately 6.2 billion yen and operating profit of approximately 150 million yen in fiscal 2023, maintaining a stable revenue base. It has strengths in the development and manufacturing of high-precision electronic components, centered on its main products of resistors and hybrid ICs, and has established its position as an important supplier to domestic manufacturing. Since 2019, it has been promoting production diversification from its China base to manage risks and stabilize supply. In technological innovation, it is advancing the sophistication of microfabrication technology and the integration of diverse electronic components, strengthening its response to IoT and automotive electronics fields. It is also focusing on reducing environmental impact and building sustainable production systems, promoting sustainability initiatives in collaboration with local communities. It is proactive in human resource development, fostering technicians and improving workplace environments. In the medium to long term, it aims to expand customers in the global market and diversify products, continuing investments to strengthen competitiveness. Recovery in domestic electronic equipment demand and entry into new growth areas are key to future growth.

Trivia

Interesting Facts

  • Historic company founded in 1935 as a resistor research institute in Tokyo.
  • Headquartered in Toyama Prefecture, contributing to the local economy for many years.
  • Known as a veteran in the high-precision resistor field in the electronic components industry.
  • Strength in high-density mounting technology for hybrid ICs.
  • Promotes management participation through employee stock ownership association.
  • Listed on the Tokyo Stock Exchange Standard Market since 1964, evaluated as a stable stock.
  • Manufactures a variety of electronic passive components, pursuing technological diversification.
  • Actively promoting diversified production from its China production base.
  • Rare nationwide customer base for a regional SME.
  • Keen on industrial support activities within Toyama Prefecture.
  • Established in former Etacho, Tonami District, etched in local history.
  • Products with high heat and environmental resistance contribute to industry specialization.
  • Highly evaluated in the industry for microfabrication technology of ultra-compact components.
  • Supported by stable management with capital of approximately 700 million yen.
  • Also engaged in product development for medical and defense fields

Hidden Connections

  • Close technological collaboration with major customers in automotive and industrial equipment manufacturing.
  • Strong ties to the local economy through capital relationships with multiple local banks.
  • Expands sales network nationwide through subsidiaries.
  • Exploring strategic collaborations with Matsuo Electric and Morio Electric in the electronic components market.
  • Secures stable orders through long-term trusted relationships with customers.
  • Technological know-how in environment-resistant products is also utilized in defense applications.
  • Strengthens supply network through production risk diversification in Japan and abroad.
  • Employee stock ownership association contributes to management stability and enhances employee sense of responsibility.

Future Outlook

Growth Drivers

  • Expansion of demand for high-performance electronic components due to electrification of automobiles
  • Increased component demand from growth in semiconductor manufacturing equipment market
  • Increased demand for high-precision sensors from spread of industrial IoT devices
  • Recovery trend in global electronic equipment market
  • Expansion of needs for environment-resistant products and strengthened standards
  • Promotion of component development for energy-saving equipment
  • Increased demand for high-precision electronic components in medical equipment field
  • Production diversification from China dependence and stable procurement system
  • New market development through quality certifications in Japan and abroad
  • Growth in demand for multifunctional components accompanying technological innovations
  • Demand for low-environmental-impact products to meet environmental regulations
  • Trust gained through region-rooted stable management

Strategic Goals

  • Expansion of domestic and international market share in high-precision electronic components
  • Completion of production base diversification and risk dispersion
  • Achievement of consolidated sales over 8 billion yen
  • Strengthened product development for IoT and automotive fields
  • Company-wide deployment of sustainable production systems
  • Expansion of sales networks in major overseas markets
  • Deepening coexistence with local communities and social contribution activities
  • Achievement of 30% or more reduction in environmental impact
  • Acceleration of new product development through next-generation technology investments
  • Improved employee satisfaction and strengthened talent development

Business Segments

Electronic Components for Automotive Industry

Overview
Specializes in automotive electronic components, providing highly reliable products.
Competitiveness
Strengths in environmental resistance and high-precision technology
Customers
  • Automobile manufacturers
  • Automotive parts suppliers
  • EV manufacturers
  • Electrical component manufacturers
  • Motorcycle manufacturers
Products
  • High-precision resistors
  • Sensor components
  • Hybrid ICs
  • Heat-resistant electronic components
  • Compact modules

Electronic Components for Industrial Equipment

Overview
Stably supplies durable electronic components for industrial equipment.
Competitiveness
Custom対応 and long-term supply capabilities
Customers
  • Control equipment manufacturers
  • FA equipment manufacturers
  • Measuring instrument manufacturers
  • Energy equipment manufacturers
Products
  • High-power resistors
  • Potentiometers
  • Sensors
  • Hybrid ICs

Component Supply for Electronic Equipment Manufacturers

Overview
Manufactures and sells components for a wide range of electronic equipment, boasting high quality.
Competitiveness
Rapid supply system through multi-variety対応
Customers
  • Major electronic equipment companies
  • Communications equipment manufacturers
  • Home appliance manufacturers
  • Medical equipment manufacturers
Products
  • Chip resistors
  • High-density hybrid ICs
  • Various sensors
  • Electronic passive components

Products for Communications Infrastructure

Overview
Provides high-quality components that support performance improvements in communications equipment.
Competitiveness
High-frequency characteristics and reliability
Customers
  • Communications equipment manufacturers
  • Network equipment manufacturers
  • Base station equipment manufacturers
Products
  • High-frequency resistors
  • Signal processing hybrid ICs
  • Temperature sensors

Electronic Components for Medical Equipment

Overview
Supplies highly reliable components for the medical field to ensure safety.
Competitiveness
Strict quality control and microfabrication technology
Customers
  • Medical equipment manufacturers
  • Inspection equipment manufacturers
  • Life science equipment manufacturers
Products
  • High-precision resistors
  • Micro hybrid ICs
  • Various sensors

Components for Government and Defense

Overview
Supports government and defense sectors that require high reliability.
Competitiveness
Compliance with strict standards and environment-resistant design
Customers
  • Government-related companies
  • Defense equipment manufacturers
Products
  • Special resistors
  • Rugged sensors
  • Environment-resistant circuit modules

Electronic Components for Home Appliances

Overview
Supplies general-purpose resistors and sensors for home appliances.
Competitiveness
Cost-performance and durability
Customers
  • Home appliance manufacturers
  • White goods manufacturers
Products
  • Heat-resistant resistors
  • Temperature sensors
  • Electronic circuit modules

For Rail and Transportation Infrastructure

Overview
Contributes to improving reliability of public transportation equipment.
Competitiveness
Environmental resistance and long-term stable supply
Customers
  • Railway vehicle manufacturers
  • Transportation control equipment manufacturers
Products
  • Earthquake- and environment-resistant resistors
  • Temperature and vibration sensors
  • Signal processing ICs

Components for Semiconductor Manufacturing Equipment

Overview
Trusted as precision components for semiconductor manufacturing equipment.
Competitiveness
High-precision and high-reliability technology
Customers
  • Semiconductor manufacturing equipment manufacturers
  • Inspection equipment manufacturers
Products
  • Precision resistors
  • Micro electronic components

Solar Power and Energy Sector

Overview
Supplies high-durability products in the energy sector, contributing to stabilization.
Competitiveness
Environmental resistance and long-life design
Customers
  • Renewable energy-related companies
  • Battery manufacturers
Products
  • Durable resistors
  • Power control ICs
  • Various sensors

Components for Robots and Automation Equipment

Overview
Provides high-precision electronic components necessary for the robotics industry.
Competitiveness
Technological applicability and rapid product development
Customers
  • Industrial robot manufacturers
  • Automation equipment manufacturers
Products
  • High-precision resistors
  • Various sensors
  • Control ICs

Aerospace and Defense Sector

Overview
Supplies quality-focused components for sectors requiring high reliability.
Competitiveness
Strict quality standards and technological capabilities
Customers
  • Aircraft manufacturers
  • Defense equipment-related companies
Products
  • Heat- and environment-resistant resistors
  • High-reliability sensors
  • Complex circuit modules

Competitive Advantage

Strengths

  • High-precision and diverse electronic component manufacturing technology
  • Long-established reliable quality management system
  • Stable local manufacturing bases
  • Abundant custom対応 and product diversity
  • Product development capabilities for superior environmental resistance
  • Active implementation of production risk diversification
  • Technician training and R&D investment
  • Solid financial base and capital strength
  • Broad BtoB customer base
  • Stable workforce composition and organizational strength
  • Comprehensive quality certifications and standards compliance
  • Rapid supply chain management
  • Long-term customer relationship building
  • Proprietary high-density mounting technology
  • Business efficiency through consolidated operations

Competitive Advantages

  • Specialized differentiation in high-quality resistor manufacturing in Japan
  • Advanced high-density hybrid IC manufacturing technology
  • Strong transaction track record in industrial equipment and automotive fields
  • Risk reduction through production base diversification from China
  • Long-term stable supply system and small-lot対応 capabilities
  • Product portfolio deployed across diverse fields
  • Specialized sensor technology and application development
  • Promotion of sustainable production systems and environmental対応
  • Strengthened sales and service networks through collaboration with major subsidiaries
  • Improved reliability through reliable accounting audit system
  • Employee stock ownership plan promoting management participation
  • Speed in product development and customer needs assessment
  • Supply capabilities for special components to government and defense sectors
  • Stable business operations rooted in the region
  • Trust gained through various quality certifications

Threats

  • Economic fluctuation risks in the semiconductor industry as a whole
  • Intensifying price competition with overseas products
  • Demand fluctuations and economic downturns of major clients
  • Fluctuations in raw material costs and procurement risks
  • Production adjustments due to overseas situations such as in China
  • Risk of lagging behind rapid technological innovations
  • Competitive pressure from alternative technologies and new entrants
  • Physical risks to production bases from natural disasters, etc.
  • Profit impacts from exchange rate fluctuations
  • Fluctuations in electronic equipment market demand
  • International regulatory strengthening and trade friction
  • Intensifying competition for talent acquisition

Innovations

2024: Promotion of Smart Manufacturing Processes

Overview
Achieved manufacturing line efficiency improvements and quality enhancements using AI and IoT technologies.
Impact
25% improvement in production efficiency and 10% reduction in defect rate

2023: New Development of High Heat-Resistant Resistors

Overview
Developed new resistors for high-temperature environments and obtained evaluations in the automotive field.
Impact
Secured 1 billion yen in new orders

2022: Introduction of Next-Generation Hybrid IC Manufacturing Technology

Overview
Achieved component miniaturization and performance improvements through advanced microfabrication technology.
Impact
Succeeded in product differentiation and new product launches

2021: Risk Diversification through Production Base Diversification

Overview
Systematically promoted production diversification from China base to stabilize supply.
Impact
Reduced production risks and stabilized delivery times

2020: Expansion of Sensor Product Lineup

Overview
Strengthened infrared and temperature sensor products for multi-purpose deployment.
Impact
Contributed to sales expansion through new market development

Sustainability

  • CO2 emissions reduction and energy-saving initiatives in manufacturing processes
  • Improved waste recycling rate and reduced environmental impact
  • Local environmental conservation activities in collaboration with Toyama Prefecture
  • Establishment of sustainable resource procurement policies
  • Workplace environment improvements to protect employee health and safety
  • Promotion of electronic waste recycling対応
  • Active adoption of low-environmental-impact materials
  • Operation of green procurement and environmental management systems
  • Environmental considerations throughout the product lifecycle
  • Promotion of diversity and inclusion
  • Implementation of CSR activities coexisting with local communities
  • Management of environmental and social risks in the supply chain