TAIYO TECHNOLEX CO.,LTD. (6663) Stock Price

Market cap
¥2.1B
P/E ratio
28.2x
Taiyo Technolex makes flexible circuit boards for smartphones and cars, plus board inspection equipment and mirror-finish polishing machines for industrial use.

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Business Overview

Taiyo Technolex manufactures and sells electronic circuit boards, board inspection equipment, mirror-finish polishing machines, and industrial machinery. The company operates through three consolidated subsidiaries: Mirack Co., Ltd., TAIYO TECHNOLEX (THAILAND) CO., LTD., and Taiyou (Shanghai) Trading Co., Ltd.

In the electronic circuit board business, the company manufactures and sells flexible printed circuits (FPC). FPCs are used in smartphones, digital cameras, automotive equipment, and other applications. They are bendable boards designed for advanced functionality. Taiyo Technolex has established production systems capable of short lead times and small-volume production to meet customer needs.

In the test systems business, the company manufactures and sells board inspection equipment. It provides electrical continuity testers and visual inspection machines that check circuit boards for electrical resistance, insulation resistance, surface defects, and scratches. This ensures product quality.

In the mirror-finish polishing machine business, the company sells cylindrical mirror-finish polishing machines manufactured by Mirack Co., Ltd. These machines are used to create ultra-smooth finishes on gravure printing rolls and aluminum rolling mill rolls.

In the industrial machinery systems business, the company provides system integration services for industrial robots. It proposes total solutions from robot system design and installation to peripheral equipment, and manufactures and sells various industrial machinery. The company also manufactures and sells vision inspection systems and image processing equipment.

Management Policy

Taiyō Technolex is advancing technological innovation to realize a sustainable society. The company is focusing on growth areas including medical devices, high-speed communications, and automotive applications, aiming to enhance corporate value through the provision of high-value-added products and services.

The company is restructuring its business model and optimizing its portfolio. In its electronic circuit board business, it is expanding orders for high-difficulty projects serving medical and industrial equipment sectors. It is also building production capabilities to handle the full range from prototyping to mass production.

Taiyō Technolex is pursuing sustained improvement in ROE through revenue growth and enhanced production efficiency. By establishing an independent procurement division, the company is strengthening cost management and risk management to secure long-term competitive advantage.

The company is working to enhance corporate value while maintaining compliance with the listing standards of the Tokyo Stock Exchange Standard Market. Through shareholder return initiatives and strengthened investor relations activities, it aims to increase market capitalization and meet listing maintenance standards.

Under its medium-term management plan (2025–2027), the company targets ROE of 8.0% or higher, EPS of ¥30.00 or higher, equity ratio of 50.0% or higher, and dividend payout ratio of 20.0% or higher. Through profit-conscious activities, the company is conducting business operations with emphasis on profitability and operational efficiency.

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