IRISO ELECTRONICS CO., LTD. (6908) Stock Price

Iliso Electronics manufactures, develops, and sells multi-pole connectors for printed circuit board connections used in automotive equipment, digital devices, and industrial equipment. Specifically, the company handles board-to-board connectors (BtB connectors), FPC/FFC connectors, and interface connectors.

Board-to-board connectors are designed for connecting printed circuit boards and enable various connection types including vertical, parallel, and horizontal connections. FPC/FFC connectors are used for connecting FPC boards and FFC cables, and are available in ZIF and non-ZIF types.

Interface connectors enable signal connections between devices and are used in car navigation systems, PCs, and similar equipment. They enable power supply and input/output of audio and video signal data.

Iliso Electronics operates through four production subsidiaries that handle material supply and product manufacturing. The company has six sales subsidiaries through which it distributes its products.

Additionally, Iliso Electronics outsources the design and research and development of equipment for multi-pole connectors to Yilisù (Shanghai) Electronics Technology R&D Co., Ltd. The company operates across regions including Japan, Asia, Europe, and North America.

Iriso Electronics has established its management philosophy as "respecting human values, creating abundant value, and contributing to society." The company aims to become a 100-year enterprise that solves customer challenges by pooling the expertise of all employees and creating customer value. In April 2023, the company adopted an action declaration: "We will realize 'connecting' that exceeds the expectations of society and customers," aiming to create the future through connectors.

Looking toward 2035, Iriso Electronics has set two visions: "a company that continues to grow through 'connecting' that exceeds the expectations of society and customers" and "a company that prioritizes society, environment, and quality, where employees and stakeholders feel excited." Based on these visions, the company has identified five material issues for sustainable growth: solving social challenges while achieving business growth, transforming manufacturing capabilities, contributing to a society that is kind to people and the environment, developing diverse talent, and strengthening management foundations.

Iriso Electronics views the transformation of the automotive-related market as an opportunity and has prioritized global expansion into growth markets as a key strategy. The company is strengthening proactive marketing that anticipates customer needs and customer-focused sales operations while advancing product development. Additionally, the company is optimizing production and supply chains to enhance quality, cost, and delivery (QCD).

In its medium-term management plan, the company positions fiscal years 2024 through 2026 as a period for overcoming challenges and returning to a growth trajectory, targeting net sales of 65 billion yen and an operating profit margin exceeding 15% by March 2027. The company is capturing growth in electric vehicle applications and ECU integration trends while prioritizing the sensor and industrial markets.

Iriso Electronics is building the foundation to transition from "automotive Iriso" to "mobility Iriso" and strengthening its global presence in the industrial market. The company is reviewing production systems and standardizing equipment and molds to improve productivity and return on invested capital. Additionally, the company is strengthening management with awareness of capital costs and stock price while deepening sustainable business practices.