Imasen Electric Industrial Co.,Ltd. (7266) Stock Price

Imasen Electric Manufacturing Co., Ltd. primarily manufactures and sells automotive seat mechanisms, electrical components, and electronic products. The company also manufactures and sells wire harnesses and welfare equipment. These operations are conducted through the company and its 14 subsidiaries and 2 affiliated companies.

In Japan, the company manufactures and sells seat mechanisms, electrical components, and electronic products as part of its automotive parts business. Notably, Mazda Imasen Electric Drive Co., Ltd. handles technology development for electronic products. For wire harnesses, Toyo Aviation Electronics Co., Ltd. manufactures and sells products for aircraft, while Gifu Toko Denki Co., Ltd. handles products for machine tools.

In the welfare equipment business, Imasen Technical Research Institute Co., Ltd. manufactures and sells electric wheelchairs and prosthetic limbs. The company and Imasen Technical Research Institute also develop unpowered walking assistance devices. Additionally, C-Micro Co., Ltd. manufactures and sells image and video processing equipment, and Knight Co., Ltd. provides employee welfare services.

In North America, Imasen Busyarus Technology Inc. manufactures and sells seat mechanism products, while Imasen Mexico Technology S.A. de C.V. handles sales. The company also sells electronic products in the region.

In Asia, multiple subsidiaries manufacture and sell seat mechanism products, electrical components, and electronic products. Specifically, Imasen Philippines Manufacturing Corporation and Guangzhou Imasen Electric Co., Ltd. handle these products. Imasen Landholding Corporation was established as a land-holding company in the Philippines.

Imasedenki Manufacturing is advancing a growth strategy to secure stable earnings amid the rapidly changing automotive industry. In August 2024, the company reviewed its management policy and set business recovery and growth as medium-term targets, aiming to enhance corporate value through three themes: "management speed," "offense and defense," and "synergy."

The company has formulated a three-year medium-term management plan focused on its seat electrical systems business and electronics business. To realize management that considers capital costs and stock price, it has identified nine priority initiatives. These include accelerating decision-making speed, strengthening sales functions, and enhancing competitiveness.

The company is also strengthening its business foundation in North America and China to improve profitability. Specifically, it is consolidating seat production in North America and expanding its Ohio factory in the United States to improve logistics efficiency. In China, it is considering optimizing its business locations and increasing production capacity for the Indian market.

Additionally, the company is expanding its business through joint sales expansion with T.S. Tech Co., Ltd. and strengthening sales in its electronics business. By 2026, it will develop inverter products and invest in production equipment to establish mass production systems. Through these efforts, it aims to achieve business growth and create new business foundations.

Imasedenki Manufacturing is advancing fundamental research on themes including the "future cabin space" that pursues comfort through technological synergy, "smart factory," and "personal mobility." By promoting new product development and ensuring business recovery and growth, the company aims to improve shareholder returns.