New Cosmos Electric Co., Ltd.

New Cosmos Electric Co., Ltd. Overview

Company Headquarters: Japan

Founded: 1969

Workforce: ~800

Company Working: New Cosmos Electric Co., Ltd. is engaged in the research, development, manufacture, sale, and maintenance of gas sensors, alarms, and detectors. Its products include residential gas and fire alarms, industrial use gas detection systems, portable gas detectors, odor sensors, and air measuring instruments. Regionally, the company operates in Japan and countries in the Americas and the rest of Asia. In July 2016, it acquired Figaro Engineering Inc., which is a company that deals with the manufacture and sale of gas sensors and gas detection equipment.

Strategy

New Cosmos Electric Co., Ltd. primarily follows an inorganic approach for its growth. It has entered into several partnerships and acquisitions with local and regional companies to expand its market reach. Moreover, as a part of its market development strategy, the company has invested a significant share of its revenue in research & development to ensure the launch of innovative products, which helps it build a strong product line-up.

Company Snapshot

$174M

Revenue

800

Employees

1969

Founded

Japan

Headquarters

SWOT Analysis

Strengths

Robust product portfolio
Focus on research & development

Weaknesses

Dependence on Asia for revenue generation
Declining liquidity

Opportunities

Scope for strategic partnerships and acquisitions
Positive outlook for the growth of the sensor market

Threats

High competition
Risks associated with foreign trade and currency exchange rates

Key Developments

Date	Approach	Development
June 2018	Product Development	New Cosmos Electric Co., Ltd. launched gas detectors and alarms to ensure the safe use of liquefied natural gas (LNG) with digital signage displays. These products include fixed gas detector KD-12, gas leak detector XP-702III, and battery-operated fire/gas/CO alarm MC-315S.
August 2017	Product Development	New Cosmos Electric Co., Ltd. launched a range of gas detectors for applications in the energy industry vertical. These products include portable combustible gas detector XP-3000 series, portable multi-gas detector XA-4400II, portable multi-gas detector XP-302M, personal CO/O2/H2S detector XX-2200 series, digital oxygen indicator XO-326IIS, portable VOC analyzer XG-100V, cart-type combustible gas detector XP-707IIIai, and fixed gas detector KD-12S.

Product Offering

New Cosmos Electric Co., Ltd.
- Gas Sensor

Financial Performance

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