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Largest Consumer Electronics Public Companies in Japan

Benchmark revenue and EBITDA valuation multiples for public comps like Sony, Nintendo, Panasonic, NEC and Canon.

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Japan
Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is the global top company of CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players on digital cameras, wireless earphones, recorded music, movies, and so on. Sony's business portfolio is well diversified with five major business segments.
$23
-2%
$136B
$132B
1.6x
7.9x
Japan
Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years.
$47
-47%
$54B
$40B
5.4x
21.3x
Japan
Panasonic Holdings Corp is engaged in the development, manufacture, and sale of a wide range of electronic and electrical products. The company operates through six segments. The Lifestyle segment provides home appliances such as refrigerators, air conditioners, and beauty and hair care devices. The Automotive segment offers in-vehicle infotainment systems, speaker systems, and advanced driver assistance systems. The Connect segment supplies communication systems, welding machines, and projectors. The Industry segment produces electronic components, motors, and factory automation equipment. The Energy segment develops and sells lithium-ion batteries, dry batteries, and small secondary batteries. The Others segment includes the sale of televisions, cameras, and building materials.
$23
+130%
$53B
$57B
1.1x
9.8x
Japan
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
$28
+5%
$37B
$36B
1.7x
13.7x
Japan
Canon Inc designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates five business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.
$27
+3%
$23B
$27B
0.9x
5.9x
Japan
Seiko Epson Corp is a Japan-based electronics manufacturer of printers and imaging equipment. The company operates through three segments. The Manufacturing-related and Wearables segment includes industrial robots, small injection molding machines, watches, watch movements, crystal devices, semiconductors, metal powders, surface treatment, and PCs. The Printing Solutions segment covers office and home inkjet printers, serial impact dot matrix printers, page printers, color image scanners, dry office paper machines, commercial and industrial inkjet printers, POS system products, rubber printers, and related consumables. The Visual Communication segment focuses on LCD projectors, smart glasses, and related products. It generates the majority of revenue from the Printing Solutions segment.
$18
+53%
$6B
$6B
0.6x
5.7x
Japan
Brother Industries Ltd is a Japan-based company mainly engaged in producing and selling office equipment, printing solutions, and related supplies. The company operates through seven segments. The Domino segment covers industrial printing equipment, while the Machinery segment handles machine tools, industrial sewing machines, and garment printers. The Network and Content segment involves karaoke equipment and IT systems, and the Nissei segment produces reducers and gears. The Others segment includes new construction and renovation of buildings, and investment in information systems. The Personal and Home segment makes household sewing machines, and Printing and Solutions focuses on telecommunications and printing equipment. It generates majority revenue from Printing & Solutions segment.
$23
+50%
$6B
$5B
0.8x
5.6x
Japan
Canon Marketing Japan Inc is engaged in the sale of imaging and IT solutions across diverse customer segments, with four reportable segments: Consumer, Enterprise, Area, and Professional. The Consumer segment offers digital cameras, inkjet printers, and related products to individual customers. The Enterprise segment provides Canon input/output devices and IT solutions for large and mid-sized companies, mainly through Canon IT Solutions Inc. The Area segment caters to small and medium-sized businesses nationwide via Canon System & Support Inc. The Professional segment delivers specialized solutions in production printing, semiconductor manufacturing, and healthcare IT through companies like Canon Production Printing Systems Inc and Canon ITS Medical Inc.
$23
-31%
$5B
$4B
0.9x
8.2x
Japan
Nikon Corp is a Japan-based precision optics and imaging company. The group operates across five business segments: Component Business, providing industrial microscopes, measuring instruments, X-ray/CT inspection systems, optical components, and engineering services; Digital Manufacturing Business, offering metal 3D printers, encoders, digital solutions, EUV- and space-related components, and FPD photomask substrates; Healthcare Business, delivering life science, eye-care, and cell contract manufacturing solutions; Precision Machinery Business, focused on FPD and semiconductor lithography equipment; and Video Business, engaged in interchangeable-lens digital cameras, compact digital cameras, and interchangeable lenses. It generates majority of its revenue from the Video Business segment.
$11
+23%
$4B
$4B
0.9x
11.9x
Japan
Yamaha Corp is a Japanese manufacturer of musical instruments and audio equipment. The company operates through two business segments. The Musical Instruments segment is engaged in the manufacture and sale of pianos, electronic musical instruments, orchestral instruments, percussion instruments, and other related products. The Audio Equipment segment manufactures and sells audio equipment, professional audio systems, and information and communication equipment (ICT devices). The Company is also involved in components and equipment, including electronic devices, automotive interiors, and factory automation (FA) equipment, along with businesses in golf goods and resorts. It generates the majority of its revenue from the Musical instruments segment.
$7
+6%
$3B
$2B
0.9x
15.5x
Japan
Stanley Electric Co Ltd is engaged in the manufacture and sale of lighting and electronic components, mainly for the automotive industry. The company operates through three reportable segments: Automotive Equipment Business, Components Business, and Electronic Application Products Business. The Automotive Equipment segment produces automotive lighting products for automobile manufacturers, while the Components segment provides electronic device products for electrical and automotive-related manufacturers. The Electronic Application Products segment manufactures products such as LCD backlights, strobes, and operation panels tailored to customer specifications. It generates the majority of its revenue from the Automotive equipment business segment.
$23
--
$3B
$2B
0.7x
3.5x
Japan
Casio Computer is well known as a watch and calculator manufacturer. Casio, founded in 1957, has cultivated the consumer electronics market by inventing distinctive products. Milestones in its history include the Casio Mini (1972), the world’s first personal electronic calculator; G-Shock (1983), a shock-resistant wristwatch; and QV-10 (1995), the world’s first digital camera with an LCD display. About two thirds of its revenue and most of its profits are from the timepieces segment.
$11
+64%
$3B
$2B
1.2x
13.4x
Japan
MCJ Co Ltd is engaged in PC manufacturing business. It also manufactures monitors and distributes PC peripherals, as well as engages in publishing business.
$14
+67%
$1B
$1B
0.8x
7.8x
Japan
Sun Corp is a Japanese company engaged in the business of providing mobile data solutions, gaming content, Online to Online solutions, and Enterprise AR solution. The products of the company include IoT, Global Data Intelligence Division, Game Machine Parts, Game Content, and others.
$57
+61%
$1B
$1B
18.0x
10.7x
Japan
Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.
$20
+8%
$1B
$1B
0.3x
2.8x
Japan
Daiichikosho Co Ltd is a Japanese electronics company engaged. It is engaged in the manufacturing, sale, and leasing of karaoke software and equipment. The company businesses include Professional karaoke business; Karaoke/restaurant business; Record label business; Elder business; Franchise business; Parking business; BGM broadcasting business; and Web business.
$10
-1%
$1B
$1B
1.2x
4.9x
Japan
Tamron Co Ltd is a Japanese manufacturer of optical and photographic lenses. The company organises itself into three segments: photographic products, optical components, and commercial/industrial-use optics. The photographic products segment, which contributes most company revenue, produces interchangeable lenses for SLR cameras. The optical components segment includes mobile phone, camcorder, and digital camera lenses. The commercial/industrial-use optics segment, the second largest contributor to revenue, produces lenses for CCTV cameras and automotive cameras. The company's most significant geographical segment is Asia (ex. Japan), followed by sales made in Japan, in Europe, and in North America.
$6
+18%
$1B
$860M
1.6x
6.6x
Japan
Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.
$28
+40%
$734M
$760M
1.2x
8.6x
Japan
EIZO Corp is a Japanese computer display solutions provider. The company along with its subsidiaries develops and manufactures display products and other solutions for businesses, healthcare solutions, graphics, air traffic control, and maritime. Its product portfolio includes a variety of display monitors such as professional liquid crystal display, color management, home entertainment, medical, and industrial. Its product application is in various industries which include aviation, security, healthcare, and home entertainment. Most of its revenues are generated through the sale of visual display systems.
$16
--
$638M
$549M
1.1x
9.9x
Japan
Funai Soken Holdings Inc provides management, marketing strategy and organizational reform to industries including education, building, retail, automotive, amusement, and service.
$7
--
$604M
$546M
2.6x
8.8x
Japan
Riso Kagaku Corp is a Japan-based manufacturer of printer-duplicators, printers, and printing products. The firm developed oil-based pigment ink, Orphis Ink, which is used by the firm's printers. The ink has a stable composition and high water resistance, making it suitable for high-speed printing. Riso has three manufacturing facilities in Japan and a worldwide distribution network. More than half of the firm's revenue is generated in Japan, with the rest coming from countries in the Americas, Europe, and Asia.
$6
-12%
$387M
$327M
0.7x
5.6x
Japan
Sourcenext Corp plans, develops and sells personal computer software. Its software development methods include in-house development, outsourcing development and commercialization of products by acquiring licenses from other companies.
$1
-36%
$97M
$99M
1.3x
(5.5x)
Japan
Hamee Corp engages in the planning and sale of mobile accessories. It operates through the following segments: Commerce and Platform business. The Commerce Business purchases and sells mobile phones and smartphone accessories. The Platform Business offers the sale of internet shopping operating companies and support services of inventory management. It engages in the development and provision of Next Engine, a cloud-type business management platform for Internet mail-order business operators.
$2
-69%
$39M
$38M
0.2x
2.1x
Japan
Zoom Corp develops and distributes electronic musical devices. It produces recording devices, including a line of portable handy recorders as well as multi-effects processors, effects pedals, drum machines and samplers, mobile device accessory, audio interface, professional field recorder.
$4
--
$17M
$51M
0.4x
(32.1x)
Median$17+7%$2B$2B1.0x7.9x

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