Seibu Giken Co.,Ltd. (6223) Stock Price

Seibu Giken manufactures, sells, and installs desiccant dehumidifiers and VOC concentration equipment as its primary business. The company operates in a single air conditioning segment, with business activities organized by product and service lines.

Seibu Giken's technological strength originates from the Seibu Technical Research Institute, established in 1965, and is based on continuous honeycomb molding technology developed in 1974. This technology enables the manufacture of honeycomb laminates with low air resistance, superior strength, and large surface area. Using this honeycomb technology, the company provides desiccant dehumidifiers, VOC concentration equipment, and total heat exchangers.

Desiccant dehumidifiers use silica gel or zeolite to adsorb moisture from air and achieve efficient dehumidification. They are used in food and pharmaceutical factories, lithium-ion battery manufacturing processes, museums, and supermarkets. They are also adopted in vehicle battery manufacturing to create ultra-low humidity environments.

VOC concentration equipment selectively adsorbs volatile organic compounds (VOCs) and neutralizes exhaust gases. The company has commercialized VOC concentration rotors using zeolite and supplies them to the coating and printing industries, as well as semiconductor manufacturing processes. Demand is particularly strong in regions facing severe air pollution.

Seibu Giken also manufactures and sells total heat exchangers, which recycle energy lost through ventilation and contribute to CO2 reduction. They are adopted in general office buildings, hospitals, hotels, and schools.

For manufacturing, the company operates multiple factories in Fukuoka Prefecture producing desiccant dehumidifiers, VOC concentration equipment, and total heat exchangers. Internationally, it has production bases in Sweden, Poland, the United States, and China.

For sales, the company operates from its headquarters in Fukuoka with sales offices in Tokyo, Osaka, and Nagoya to expand domestic and international sales. Overseas, it works with subsidiaries in Sweden, the United States, China, Poland, and South Korea, extending its sales network to approximately 50 countries.

For service, the company provides installation, maintenance, and rotor replacement both domestically and internationally, creating environments where products perform at maximum capacity. In China particularly, it has established an independent service division and hired dedicated personnel to expand service operations.

Seibu Giken is guided by the management philosophy of "originality and fusion," aiming to respect individual uniqueness and creativity while creating new value. The company's purpose is to provide environmentally friendly air solutions and work toward realizing a climate-neutral future.

The company has formulated a three-year medium-term management plan with the fiscal year ending December 2024 as the first year, aiming to build a foundation for sustainable growth. The plan is based on three key strategies: expanding market share in core businesses, launching growth businesses in full scale, and strengthening group governance.

Seibu Giken is advancing total engineering that provides optimal manufacturing environments in the energy device and semiconductor materials sectors. The company is also working to ensure stable supply of desiccant dehumidifiers and VOC concentration equipment while expanding overseas service operations.

By the fiscal year ending December 2026, the company targets revenue of 36 billion yen, an operating profit margin of 12%, an EBITDA margin of 15%, and ROE of 13%. Through these targets, the company aims to balance corporate and social value creation while pursuing sustainable growth.

Seibu Giken is advancing product development tailored to customer needs and exploring new markets. In particular, the company is responding to increased demand for EV lithium-ion battery manufacturing and VOC concentration equipment, supporting customers in creating optimal manufacturing environments.

The company is promoting global group management and improving production technology capabilities at domestic and international facilities. Through strengthening group governance, the company aims to contribute to the development of a sustainable society.