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Trades about 2% below its sector, cheaper than its peers on earnings.
Established in Tatsuno, Japan, in 1939, Teikoku Electric Mfg.Co.,Ltd. specializes in the production and distribution of a broad spectrum of electrical apparatus and general industrial machinery. Their product portfolio encompasses various types of pumps, including canned motor, metering, plastic-lined magnetic drive, self-priming units for chemical waste, molten salt circulation, oil, and sealless gear pumps. Additionally, the company manufactures canned motor agitators, mixers, sludge crushers, and aerators, as well as other industrial components such as rotating direction indicators, sealless gas blowers, insulation oil cleaners, brake motors for lifting equipment, and electric magnets. Beyond industrial applications, Teikoku Electric develops automotive electronic solutions for functionalities like electronic toll collection, keyless entry, and electric power steering, alongside sequencer substrates essential for controlling industrial processes. Intriguingly, they also market health food products. These diverse offerings serve crucial sectors including petrochemical, nuclear power, and electrical substations, in addition to the fine chemical, pharmaceutical, and food processing industries, reaching customers in Japan, the United States, China, Taiwan, Singapore, Germany, India, and South Korea.
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