■Company Overview
1. History and Business Description
(1) History
Of the 2 predecessor companies of Elematec ＜2715＞, Takachiho Electric was established in Tokyo in 1947 and Onishi Electric in Kyoto in 1958, respectively. Both companies started by handling insulating materials, expanded their handling items to electronic materials for electronics products in line with the subsequent flow of technology development, and expanded their business as independent technology trading companies.
The two companies merged in 2009 (the surviving company is Takachiho Electric), and the company name was changed to Elematec Co., Ltd. While both business areas are dominated by electronic materials, they have continued to grow by utilizing geographical complementarity relationships in Tokyo and Kyoto. It became a subsidiary of Toyota Tsusho by TOB (Tender Offer) in 2012, and has continued to the present.
(2) Business description
The company currently handles a wide range of products such as electronic components and equipment, starting with electronic materials for electronics products. As a business foundation, it has 1,225 employees on a consolidated basis (as of the end of March 2024), 25 domestic locations, and 48 overseas locations. The business sites include a total of 3 locations: 1 in Japan and 2 in China that handle processing services.
The business is being developed globally, but the main customers are Japanese companies, and the overseas markets are mainly in China and the Asian region, reflecting the overseas expansion status of Japanese companies. The sales composition ratio (based on financial statements) for the fiscal year ended 2024/3 was 54.8% in Japan, 20.8% in China (including Hong Kong), 15.1% in other Asia (South Korea, India, Southeast Asia, etc.), and 9.3% in Europe and America (United States, Mexico, Czech Republic).
Since the company has a large number of customers, both suppliers and sales partners, and handles a wide range of products, grouping (classification) is essential for management. Currently, internal management and information disclosure are carried out by dividing them into 3 categories: Digital Electronics, Automotive, and Broad Market, as a classification by market using production items of client companies as standards (sales destination standards). The sales composition ratio for the fiscal year ending 2024/3 is Digital Electronics 36.7%, Automotive 22.8%, and Broad Market 40.5%.
(Written by FISCO Visiting Analyst Noboru Terashima)