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FURUNO ELECTRIC CO., LTD

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FURUNO ELECTRIC CO., LTD - Aerospace showcase

Year Founded & Workforce

1951

2,930 Employees

Industry

Aerospace

Services

3D Sonar Visualizer F3D-SHALF-CIRCLE COLOR SCANNING SONARFSV-75FULL-CIRCLE SCANNING SONAR CSH-5L MARK-2FULL-CIRCLE SCANNING SONAR CSH-8L MARK-2
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FURUNO ELECTRIC CO., LTD Overview

Company Headquarters: Nishinomiya, Hyōgo Prefecture, Japan

Founded: 1951

Workforce: ~2,930

Company Working: FURUNO Electric Co., Ltd is engaged in the manufacturing and sales of marine and industrial electronic equipment. The company operates through three business segments, namely marine, industrial, and wireless LAN/ handy terminal. The marine segment consists of navigation instruments, sonar systems, fishing instruments and radio communications equipment. The industrial segment consists of global positioning system (GPS) equipment, medical equipment, intelligent transport system (ITS) equipment and aviation devices. The others segment is consists of electronic equipment for aircraft, wireless handy terminals, and wireless local area network.

Company Snapshot

$698.9M

Revenue

2,930

Employees

1951

Founded

Nishinomiya, Hyōgo Prefecture, Japan

Headquarters

SWOT Analysis

Strengths

  • Strong presence in Asia-Pacific
  • Broad product portfolio

Weaknesses

  • High dependency on Asia-Pacific military contracts

Opportunities

  • Revenue opportunities in the Middle East and North America

Threats

  • Intense competition from companies such as Raytheon Company and Kongsberg Maritime

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Key Developments

DateApproachDevelopment
October 2019Product LaunchFURUNO Electric Co., Ltd. launched 3D Sonar Visualizer F3D-S. A sonar system that provides 3D visualization of ship’s surroundings and provides 3D images of the seabed
September 2019Joint VentureFURUNO Electric Co., Ltd., COSCO SHIPPING Technology, and HEISEI TRADING CO., LTD formed a joint venture named COSCO SHIPPING FURUNO Navigation Technology (Shanghai) Co., Ltd based in Shanghai, China. The joint venture will be focusing on developing advanced marine equipment. The joint venture will enable FURUNO Electric Co., Ltd to strengthen its position in the Asian maritime market

Product Offering

  • FURUNO ELECTRIC CO., LTD
    • 3D Sonar Visualizer F3D-S
    • HALF-CIRCLE COLOR SCANNING SONAR
    • FSV-75
    • FULL-CIRCLE SCANNING SONAR CSH-5L MARK-2
    • FULL-CIRCLE SCANNING SONAR CSH-8L MARK-2
    • COLOR SECTOR SCANNING SONAR CH-37BB
    • FULL-CIRCLE COLOR SCANNING SONAR FSV-25/25S
    • FULL-CIRCLE COLOR SCANNING SONAR FSV-35
    • FULL-CIRCLE COLOR SCANNING SONAR FSV-85

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenues rose from USD 698.9 Mn in 2016 to USD 740.5 Mn in 2018.
FURUNO ELECTRIC CO., LTD — By Business Segment
Series (USD Mn)201620172018
Global Revenues698.9736.2740.5

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