MEISEI ELECTRIC CO.,LTD. (E01792) Stock Price

Meisei Electric is a specialized equipment manufacturer in the fields of meteorological observation, disaster prevention, environmental measurement, space-related applications, and information communications. Leveraging its long-accumulated technical expertise, the company develops and manufactures a wide range of products—from observation equipment that accurately measures meteorological data to early warning systems for disasters and precision equipment required for space development. In addition to these devices, the company also provides software for data analysis and monitoring, addressing customer needs through both hardware and software solutions.

The company's customers are primarily in public-interest sectors, including the Japan Meteorological Agency, local governments, research institutions, and private enterprises. As a subsidiary of parent company IHB Corporation, the company also sells certain products, such as space development equipment, to IHB. Given the nature of its business, installation services and maintenance are important revenue sources alongside product sales, enabling the company to build long-term customer relationships.

The company's business is divided into four main segments: meteorological and disaster prevention equipment, environmental measurement equipment, space-related equipment, and information communications equipment. In meteorological observation, the company provides basic measuring instruments such as wind direction and speed meters and rain gauges, as well as advanced systems that process complex meteorological data. In the space sector, the company manufactures precision equipment for artificial satellites and space stations, supporting Japan's space development from a technical perspective.

Myojo Electronics has adopted the management policy for fiscal year 2021: "Let's practice 'change' through self-management to contribute to the development of a safe and secure society!" The company is pursuing transformation centered on its proprietary sensing and communication technologies. Leveraging technological expertise cultivated in weather disaster prevention and space defense sectors, Myojo Electronics aims to realize a more prosperous life for people worldwide. Despite facing challenges such as stalled overseas expansion activities and supply chain disruptions due to the pandemic, the company is steadily advancing its strategy for medium to long-term growth.

In priority investment areas, the company is focusing most heavily on business model transformation and market expansion. Myojo Electronics conducts research and development emphasizing business viability, future potential, and social contribution, strengthening competitiveness through comprehensive solution proposals that address customer needs. In the short term, the company is advancing global priority country selection and activity enhancement considering the with-COVID environment, adopting a strategy that achieves both value co-creation with society and improved competitive advantage.

In new market development, the company is promoting digital transformation to optimize business processes and develop multi-skilled employees. Through enhanced collaboration across all manufacturing-related departments, Myojo Electronics is optimizing costs and delivery times while accelerating the provision of higher value-added services. The company is also building an efficient business operation structure through cost reduction via contract consolidation and workload leveling.

In technology innovation efforts, the company positions further enhancement of technological capabilities in design, manufacturing, and service as a critical priority. Myojo Electronics is implementing focused technology selection and priority training, aiming to improve customer satisfaction while contributing to the achievement of the United Nations' Sustainable Development Goals. The company is also focusing on continuous improvement of quality and compliance, fostering quality-conscious practices among all employees to build customer trust.