190 STEEL PIPES COMPANY LIMITED

NISSEI ELECTRIC VIETNAM CO., LTD (Vietnamese name: CÔNG TY TNHH NISSEI ELECTRIC VIỆT NAM, abbreviated N.E.V) is a long-established foreign-invested electronics manufacturer operating in Vietnam’s high-value industrial segment. Registered in Ho Chi Minh City and located within the Saigon–Linh Trung Export Processing Zone, the company has built more than two decades of continuous operations, serving as a key production base within the Nissei Electric group’s regional manufacturing network.

From an operational standpoint, the company specializes in the manufacture of electronic components and boards, with particular strength in electric insulating materials, wiring components, and related electronic and electrical products. Its registered business scope spans cables, electrical equipment, plastics, and supporting industrial activities, providing the company with flexibility for upstream and downstream integration. With a workforce of approximately 1,500 employees, Nissei Electric Vietnam represents a mature, process-driven manufacturing operation aligned with Japanese industrial standards on quality control, precision, and production discipline.

Financially, NISSEI ELECTRIC VIETNAM CO., LTD maintains a balanced and resilient profile. Total assets stand at around USD 52.9 million, supported by owners’ equity of approximately USD 23.7 million, indicating solid capitalization for an export-oriented electronics producer. Net sales reach about USD 66.4 million, reflecting substantial production scale. In contrast, the net profit of roughly USD 2.7 million confirms that the company remains profitable despite margin pressure and cyclical fluctuations in global electronics demand. Importantly, working capital of about USD 26.6 million provides strong liquidity, enabling smooth management of inventories, receivables, and production cycles without undue short-term financial stress.

Governance and ownership reinforce the company’s stability. Operations are led by KAKEI N., a Japanese national serving as General Director, supported by a professional local finance function. The shareholder structure is fully foreign-owned, with a Japanese parent company holding the majority stake and a Singapore-based affiliate as the minority shareholder. This structure underscores the company’s integration into a wider Asian supply chain, rather than reliance on the domestic Vietnamese market alone.

Overall, NISSEI ELECTRIC VIETNAM CO., LTD can be characterized as a technically mature, financially sound, and operationally disciplined electronics manufacturer. While revenue and profit levels may fluctuate in response to global electronics cycles, its long operating history, strong liquidity position, and backing from a Japanese industrial group position it as a low-to-moderate risk supplier within Vietnam’s electronics manufacturing ecosystem.

For investors, partners, and lenders seeking deeper insight into the company’s financial structure, ownership linkages, operational risks, and peer positioning, VANGUARD BUSINESS INFORMATION LLC (VNBIS) provides comprehensive, up-to-date company intelligence and in-depth reports through its business information platform vnbis.com, supporting informed decision-making across Vietnam’s high-tech and manufacturing sectors.