Shizuki Electric Works
Basic Information
- Stock Code
- 6994
- Industry
- Electrical Equipment
- Category Detail
- Semiconductors & Electronic Components
- Prefecture
- Hyogo Prefecture
- Establishment Year
- March 1939
- Listing Year
- October 1961
- Official Website
- http://www.shizuki.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Takasago Iron, Koho Kogyo, Morio Electric, TDK, Tamura Corporation, Sumida Corporation, Mitsui High-Tec, Taiyo Yuden, Murata Manufacturing, Nichicon, Nippon Chemi-Con, KOA, MURO
Overview
Shizuki Electric Works is an electrical equipment manufacturer established in 1939, boasting the industry-leading position in the film capacitor sector within the Mitsubishi Electric group.
Current Situation
Shizuki Electric Works recorded consolidated sales of approximately ¥21.8 billion and operating profit of approximately ¥1.1 billion for the fiscal year ended March 2019, maintaining a stable financial base. Its main business is the manufacturing and sales of capacitors, with particular strength in film capacitors, holding high market shares both domestically and internationally. In 2016, it entered into a capital and business alliance with Murata Manufacturing to strengthen its technology and business scope. In recent years, it has focused on developing power control equipment and industrial devices, actively pursuing technological innovation. It is also advancing sustainability initiatives to reduce environmental impact, such as built-in safety devices, with emphasis on product safety. In the medium to long term, based on collaboration with the Mitsubishi Electric Group, it is promoting growth strategies aimed at enhancing global expansion and competitiveness through new technology development. The information equipment systems business was transferred in 2017, allowing focus on core businesses. While anticipating changes in the market environment, it pursues sustainable growth through product sophistication and diversification.
Trivia
Interesting Facts
- Long-standing electronics parts manufacturer in Nishinomiya, Hyogo Prefecture, dating back to pre-war times
- Part of Mitsubishi Electric Group but maintains independence outside the Mitsubishi Group
- Registered in industrial technology history materials for bus fare display manufacturing
- Leads industry-wide efforts to promote replacement of old power factor correction capacitors
- Capital and business alliance partner is Murata Manufacturing
- Forms extensive network with domestic and international electronics parts manufacturers
- Selected core businesses by transferring information equipment systems division in 2017
Hidden Connections
- Equity-method affiliate of Mitsubishi Electric with deep technological collaboration
- Strengthened technological exchange through capital and business alliance with Murata Manufacturing
- Actively participates in Kansai region's electrical and electronics industry cluster
- Supplies parts to major domestic manufacturers in the automotive components field
- Pioneering track record in manufacturing on-board equipment for transportation
- Products exhibited as industrial heritage at the National Museum of Nature and Science
Future Outlook
Growth Drivers
- Expanding demand for higher-performance film capacitors
- Growth in industrial equipment power control equipment market
- Increased parts demand from electrification and electrification of automobiles
- Strengthened technological expansion into renewable energy field
- Deepened technological collaboration with Mitsubishi Electric Group
Strategic Goals
- Achieve consolidated sales exceeding ¥30 billion
- Complete built-in safety devices for all products
- Achieve ¥2 billion in sales of renewable energy-related products
- Expand market share domestically and internationally with diverse product offerings
- Establish sustainability-focused manufacturing system
Business Segments
Electronic Passive Components Manufacturing
- Overview
- Manufactures and supplies high-performance electronic passive components for various electronic products.
- Competitiveness
- Top-class in the industry with high reliability and technological development capabilities.
- Customers
-
- Electronics manufacturers
- Automotive manufacturers
- Industrial machinery manufacturers
- Communications equipment OEMs
- Home appliance manufacturers
- Products
-
- Film capacitors
- Multilayer ceramic capacitors
- High-frequency pulse capacitors
- High heat-resistant automotive capacitors
Power Control Equipment Manufacturing
- Overview
- Provides power control equipment that improves power quality and achieves energy savings.
- Competitiveness
- Technology integration through collaboration with Mitsubishi Electric Group.
- Customers
-
- Electric power companies
- Industrial equipment manufacturers
- Building equipment management companies
- Renewable energy companies
- Products
-
- Power factor correction capacitors
- Power factor improvement devices
- Power quality improvement equipment
- Instant voltage drop compensation devices
Automotive Parts Supply
- Overview
- Manufactures high-durability parts used in automotive electrical systems.
- Competitiveness
- Product lineup pursuing advanced heat and vibration resistance.
- Customers
-
- Domestic and international automakers
- Automotive parts suppliers
- Products
-
- On-board film capacitors
- Safety electronic components
- Powertrain control capacitors
Communications Equipment Parts Supply
- Overview
- Supplies high-performance electronic components essential for high-speed communications.
- Competitiveness
- Product development capabilities compatible with the latest technologies.
- Customers
-
- Communications equipment manufacturers
- Data centers
- Products
-
- High-frequency compatible capacitors
- Signal quality improvement components
Home Appliance Parts Supply
- Overview
- Stably supplies electronic components for power circuits in home appliances.
- Competitiveness
- Superior long-life and heat-resistant technology.
- Customers
-
- Home appliance manufacturers
- Electrical equipment distributors
- Products
-
- Home appliance power control capacitors
- Durability-focused components
Renewable Energy Related Parts
- Overview
- Provides capacitors for environmentally friendly power generation equipment.
- Competitiveness
- Product design with excellent environmental resistance.
- Customers
-
- Solar power operators
- Wind power manufacturers
- Products
-
- High-withstand-voltage film capacitors
- Power quality improvement devices
Medical Equipment Parts Supply
- Overview
- Provides high-reliability capacitors for medical sites.
- Competitiveness
- Quality control compliant with strict medical standards.
- Customers
-
- Medical equipment manufacturers
- Medical system developers
- Products
-
- High-precision pulse capacitors
- Safety standard-compliant components
Lighting Equipment Parts Supply
- Overview
- Electronic components supporting improved energy efficiency.
- Competitiveness
- High-performance parts specially designed for LEDs.
- Customers
-
- LED lighting manufacturers
- Industrial lighting system developers
- Products
-
- LED driver capacitors
- Energy-saving electronic components
Transportation and Railway Equipment Parts
- Overview
- Provides durability-focused electronic components for transportation.
- Competitiveness
- Compliance with strict safety standards for public transportation.
- Customers
-
- Railway vehicle manufacturers
- Transportation system operators
- Products
-
- Fare display capacitors
- On-board electrical components
Environmental Measurement Device Parts
- Overview
- Provides high-precision electronic components for environmental devices.
- Competitiveness
- Products that pass rigorous reliability tests.
- Customers
-
- Environmental equipment manufacturers
- Research institutions
- Products
-
- Precision measurement capacitors
- Noise removal components
Industrial Machine Parts
- Overview
- Supplies highly durable parts for industrial equipment.
- Competitiveness
- Quality assurance for long-term operation.
- Customers
-
- Factory automation equipment manufacturers
- Industrial robot manufacturers
- Products
-
- High-durability capacitors
- Power control modules
Residential Power Equipment
- Overview
- Develops and sells power control products for residential use.
- Competitiveness
- Promotes adoption of energy-saving technologies.
- Customers
-
- Home construction companies
- Power equipment management companies
- Products
-
- Home power factor improvement equipment
- Energy-saving design capacitors
Competitive Advantage
Strengths
- Industry-leading film capacitor technology
- Strong ties with Mitsubishi Electric Group
- Stable financial base and long business history
- Capable of handling diverse product lineups
- Development capabilities for high-reliability and durable products
- Proven track record of deliveries to industrial and automotive markets
- Support system from a wide range of affiliates
- Active technology investments and product innovations
Competitive Advantages
- Shares development resources through collaboration with Mitsubishi Electric
- Diversified expansion covering both industrial and automotive fields
- High technological prowess in special capacitors like high-frequency and high heat-resistant
- Enhanced reliability with comprehensive built-in safety device products
- Long-cultivated domestic and international customer base and support system
- Technology cooperation and stable shareholder composition via capital and business alliance
- Market diversification through expansion into industrial power equipment
- Domestic No. 1 position in high-quality film capacitors
Threats
- Price pressure from intensifying international competition
- Technology innovation competition from major overseas manufacturers
- Cost increases due to raw material price fluctuations
- Threats from new entrants and alternative technologies
- Increased burden on production processes from stricter environmental regulations
- Risks of disruption in global supply chains
- Inventory risks associated with fluctuations in market demand
- Decline in profit margins due to exchange rate fluctuations
Innovations
2024: New high-withstand-voltage film capacitor product development
- Overview
- Significantly improved durability and performance of industrial high-withstand-voltage film capacitors.
- Impact
- Contributes to expanded share in industrial equipment market
2023: Enhanced functionality of instant voltage drop compensation devices
- Overview
- Successfully improved circuit performance and response speed of short blackout compensation devices.
- Impact
- Contributes to increased demand from commercial facilities
2022: Mass production start of automotive high heat-resistant capacitors
- Overview
- Capacitors with enhanced heat and vibration resistance for automotive use.
- Impact
- Expanded adoption by domestic and international automakers
2021: Enhanced IoT integration in power quality improvement devices
- Overview
- Added remote monitoring and control functions using IoT technology.
- Impact
- Strengthened competitiveness of smart grid-compatible products
2020: Introduction of environmentally friendly manufacturing processes
- Overview
- Standardized and deployed low-environmental-impact manufacturing technologies in factories.
- Impact
- Reduced CO2 emissions and improved energy efficiency
Sustainability
- Promoting standard built-in safety devices in power factor correction capacitors
- Implementing CO2 emission reduction programs in factories
- Strengthening efforts to improve product recycling rates
- Expanding use of low-environmental-impact materials
- Employee environmental education and participation in local cleanup activities