Report

PSA Machinery: SMC (6273 JP) – Expanding Share via Semiconductors

Analyst William Nestuk rates SMC primarily for its emphatically high global market share of 36% in automation pneumatics. SMC’s global dominance in the high-margin semiconductor-related business is a further positive, as the current global upswing in semiconductor demand and next-gen profits continues to provide a boost to profits and market share.
Underlyings
Fanuc Corporation

Fanuc is engaged in the development, manufacture and sale of CNC systems as well as application products based on its engineering. Co.'s principal products include Factory Automation (FA) products such as computer numeric control (CNC) systems and laser products; The Robot including collaborative robot, arc welding robot, palletizing robot, mini/small/medium/large size robot and paint robot; and the he Robo-machine such as robodrill(compact machining center), roboshot (electric injection molding machine), robocut (wire-cut electric discharge machine) and robonano (ultra precision machine).

SMC Corporation

SMC and its subsidiaries are engaged in the manufacture and sale of pneumatic control equipment and other automatic control equipment. Co.'s principal products are directional control valves, such as air-operated valves, hand valves, power valves and solenoid valves; actuators, such as air cylinders, guided actuators and air grippers; air preparation equipment, such as air dryers, air mist separators, aftercoolers and air tanks; and air line equipment, such as air filters, air filter regulators, lubricators, modular filter regulator lubricator units, electro-pneumatic regulators, sensors and switches. In addition, Co., through its subsidiaries, is engaged in the warehousing business.

Yaskawa Electric Corporation

Yaskawa Electric and its affiliates are mainly engaged in the manufacture and sale of electric motors, industrial robots and industrial electrical control systems. Co.'s principal products include AC/DC servomotors, spindle motors for machine tools, programmable controllers, numerical controls, general-purpose/special-system inverters, industrial robots, clean robots, vacuum robots, transfer systems in clean/vacuum rooms, industrial electrical control systems for metal processing, cold rolling and paper making, water supply/sewage control systems, power receiving/distribution panels, circuit breakers, high-voltage switchgears, and energy-saving motor drivers.

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
William Nestuk

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