YAMAICHI ELECTRONICS CO.,LTD.【JP:6941】Stock Price

Yamaiichi Electric is primarily engaged in the manufacturing and sales of mechanical components, including IC sockets used in semiconductor testing processes and connectors for electronic and electrical equipment. The company operates globally through Yamaiichi Electric Co., Ltd. and 15 subsidiaries.

Yamaiichi Electric's business is divided into three segments. The Test Solutions segment provides burn-in sockets, test sockets, and semiconductor testing-related services. These products are primarily manufactured and sold by overseas subsidiaries.

The Connector Solutions segment handles high-speed transmission connectors, card connectors, and interface connectors. The company also offers YFLEX high-speed transmission cables and mounting substrates. These products are also primarily manufactured and sold by overseas subsidiaries.

The Optical-Related Business segment provides RGB filters, UV/IR cut filters, dichroic filters, and mirrors. These products are manufactured and sold by Koushinkogaku Kogyo Co., Ltd.

Yamayichi Electric has established its management philosophy around five core principles: respect for people, maximization of corporate value, improvement of corporate quality, commitment to technology-driven management, and achievement of social responsibility. Under the corporate slogan "More Flexible Better Connection," the company aims to contribute to value creation for customers and pursue sustained improvement in corporate value.

Yamayichi Electric has formulated its Fourth Medium-Term Management Plan with fiscal year 2023 as the initial year, targeting growth into "a company capable of providing products and services that satisfy customers." The plan emphasizes strengthened global collaboration and the creation of products that lead into the future.

The company's growth strategy focuses on "business strengthening" and "structural reform." In the Test Solutions business, it aims to deepen its role as a growth engine, while in the Connector Solutions business, it is advancing the enhancement of development capabilities for telecommunications market products.

On the functional enhancement front, the company is promoting strengthened organizational and execution capabilities, reinforced capital strategy, and investment for the future. Through these initiatives, the company is improving its proposal capabilities and making advance investments in new technologies to drive sustained growth.

Yamayichi Electric targets net sales of 5 billion yen and operating profit exceeding 10 billion yen by the fiscal year ending March 2026. The company has also set goals of ROE of 10% or higher, dividend payout ratio of 30%, and total shareholder return ratio of 40% or higher, prioritizing shareholder returns.