HOKURIKU ELECTRIC INDUSTRY CO., LTD.【JP:6989】Stock Price

Hokuriku Electric Industry is a company primarily engaged in the manufacturing and sales of electronic components. The company handles resistors, module products, electronic devices, and other electronic components. Specifically, it manufactures film resistors, variable resistors, hybrid integrated circuits, sensors, piezoelectric components, and circuit boards.

Hokuriku Electric Industry's affiliated companies include Hokuden Malaysia, Shanghai Hokuriku Microelectronics, HDK Thailand, and Nomura Engineering, which handle manufacturing and sales. Manufacturing operations are also conducted by Asahi Electronics, Tianjin Hokuriku Electric, Hokuriku IC, and Hokuriku Electric (Guangdong). For sales operations, Hokuriku Singapore, HDK China, HDK America, Hokuriku (Shanghai) International Trade, and Hokuriku International Thailand are involved.

Additionally, Hokuriku Electric Industry manufactures and sells molds and machinery equipment. In this field, Daiwa Denki Seiko and Hokuriku Seiki operate as principal affiliated companies. Other business operations include the procurement of Oizumi Manufacturing products and real estate and insurance agency services through Hokuriku Kozan. Through these operations, Hokuriku Electric Industry pursues a diversified business portfolio.

Hokuriku Electric Industry operates under the slogan "Creating for the Future," aiming to contribute to societal development through innovation that opens new possibilities. The company creates value that supports a prosperous society using the keywords of environment, safety and security, happiness, and empathy, while prioritizing employee wellness.

The company formulates and executes strategies that accurately identify risks and opportunities in response to a changing business environment, including rising geopolitical risks, the GX/DX trend, and widespread AI adoption. It particularly focuses on trade friction in the electronics industry, supply chain diversification, electrification, and advances in autonomous driving.

Hokuriku Electric Industry operates three core businesses: diverse component electronic parts, sensor products leveraging MEMS and organic material technologies, and implementation modules through global facilities. Through these businesses, the company recognizes social challenges and creates value by developing new products.

The company concentrates management resources on four domains—"Mobility," "GX/DX," "Industrial and Infrastructure," and "Smart Appliances and Medical"—to evolve its core businesses and create new products, thereby expanding its business scope.

The Medium-Term Management Plan 2027 positions this period as a turning point toward a growth trajectory, focusing on core business evolution, new product and business development, and strengthening the management foundation. The company particularly targets growth in resistors, sensors, and modules, while strengthening its presence in the ASEAN region and India.

For fiscal year 2027, the company targets net sales of 48 billion yen, an operating profit margin of 7% or higher, and ROE of 10% or higher. Through CO2 emission reductions, expansion of environmentally conscious products, and human capital management initiatives, the company aims to realize a sustainable society.