NTW
NTW Inc. is a Tokyo-based PCB trading and on-site supply chain services firm serving Japanese electronics manufacturers, with staff stationed at Asian partner factories across seven locations. The company was acquired by ICAPE Group in September 2024.
- Company typePrivate
- Founded2002
- HeadquartersTokyo, Japan
- Headcount101–250
- GTM typeB2B
- OfferingServices
What NTW does
NTW Inc. is a Tokyo-based PCB trading and supply-chain services company founded in September 2002, operating an "on-site trading company" (現場商社®) model in which its own employees are stationed at partner PCB factories across Asia to perform quality control, factory inspection, auditing, supplier negotiation, and procurement on behalf of Japanese electronics customers. NTW is not a PCB manufacturer; it sources rigid PCBs, flexible PCBs (FPC), rigid-flex PCBs, and special boards (LED aluminum substrates, thick-copper substrates for automotive and solar applications) from Asian partner factories, and offers board-design and assembly support plus a local-agency service line.
NTW serves Japanese electronics manufacturers through a direct enterprise field-sales motion, with named customers including Panasonic Corporation Electric Works Company and Ricoh Manufacturing (China) Ltd. The company operates from a Tokyo headquarters, an Osaka office, and wholly-owned subsidiaries in Hong Kong, Shenzhen, Jiangmen (China), Vietnam (Bac Ninh Province, since 2015), the Philippines (since 2020), and Thailand (NTW Electronics (Thailand) Co., Ltd., established June 2024). Pricing is quote-based and tailored per customer specification; contracts are multi-year. Headcount is reported in the 101–250 range.
Since September 19, 2024, NTW has operated as a wholly-owned subsidiary of ICAPE Group (Euronext Paris-listed). The acquisition aligned NTW's reporting calendar to ICAPE's December fiscal year-end and integrated NTW with CIPEM, ICAPE's custom electronic components division, extending NTW's addressable scope beyond PCBs into cables, displays, metal/plastic parts, and sub-assemblies. No specific NTW revenue figure is disclosed in the source data.
NTW firmographics
Firmographics- Name
- NTW
- Legal name
- NTW Inc.
- Website
- https://ntw-web.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- NTW Inc. is a Tokyo-based PCB trading and on-site supply chain services firm serving Japanese electronics manufacturers, with staff stationed at Asian partner factories across seven locations. The company was acquired by ICAPE Group in September 2024.
- Ownership category
- akta.pro rank
NTW industry classification
Industry- Product category
- Electronic Components Distribution
- NAICS
- Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418), Bare Printed Circuit Board Manufacturing (334412), Other Electronic Component Manufacturing (334419)
- SIC
- Wholesale-Electronic Parts & Equipment, Nec (5065), Printed Circuit Boards (3672)
- akta.pro primary industry
- PCB Assembly (PCBA/EMS) (HDAHAOAI)
- akta.pro secondary industries
- PCB Fabrication (Flex & Rigid-Flex PCBs) (HDAHAOAH), Industrial PCB & Substrate Components (Bare PCBs, rigid-flex, ceramic substrates, thick-film) (IMAGAJAM)
Keywords
Where NTW is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Offices8 records
Markets served
NTW business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- PCB Trading and Procurement: Procurement and supply of printed circuit boards including rigid PCBs, flexible PCBs, and special boards (LED aluminum substrates, thick copper substrates for automotive and solar applications) from partner factories in Asia
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quotation-based pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
NTW product offering
Product offeringCore offering
NTW operates as an "On-site Trading Company" (現場商社®) procuring and supplying printed circuit boards (rigid PCBs, flexible PCBs, rigid-flex PCBs, and special boards) from partner factories across Asia to Japanese electronics manufacturers. The company stations its own staff on-site at these factories to deliver real-time quality confirmation, factory inspection, auditing, and supplier negotiation services on behalf of customers, providing end-to-end support from PCB design and artwork through manufacturing and assembly.
Product overview
NTW operates as an 'On-site Trading Company' (現場商社®) specializing in printed circuit boards (PCBs). The company offers a comprehensive portfolio of PCB products including rigid PCBs (its core offering since 2002), flexible PCBs (FPC), rigid-flex PCBs, and special boards (LED aluminum, thick copper for automotive and solar applications). Beyond product sales, NTW provides integrated services including board design and assembly support, as well as on-site agency services where staff stationed at partner factories in China, Vietnam, Thailand, and the Philippines handle quality confirmation, factory inspections, and improvement activities on behalf of customers. The company also offers custom electronic components through its parent company ICAPE Group's CIPEM division, including cable assemblies, displays, metal and plastic components, and sub-assemblies.
Differentiator
Problem solved
Functional benefit
Products and services
- Rigid PCBs (リジッド基板) Traditional rigid printed circuit boards that have been NTW's core product offering since its establishment in 2002. Supports a wide range of specifications and requirements across various industries and applications for Japanese electronics manufacturers.
- FPC (Flexible) and Rigid-Flex PCBs Flexible printed circuit boards and rigid-flex PCBs widely used in electronic products. FPC provides flexibility for compact device designs while rigid-flex combines flexible and rigid sections in a single board.
- Board Design and Assembly (基板設計・実装) Comprehensive support from design and artwork through PCB manufacturing to assembly. Includes introduction of local manufacturers known for careful manual assembly work for both prototyping and mass production.
- Special Boards (特殊基板) Specialized PCBs including LED aluminum substrates and thick copper substrates for automotive and solar photovoltaic applications. NTW addresses challenges of stable supply and cost reduction through overseas procurement.
- On-site Agency Service (現地代行サービス) Local agency services where NTW staff handle quality confirmation and improvement activities on-site at partner factories. Includes factory inspection, audit, various negotiations, and consulting services on behalf of customers. Staff are permanently stationed at factories in China, Vietnam, the Philippines, and Thailand.
Companies that use NTW
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles1 record
NTW technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
NTW partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ICAPE GroupcoreNTW joined ICAPE Group in September 2024 through stock transfer agreement. ICAPE is a French publicly-listed company (Euronext) specializing in PCB and custom electronic components distribution. The partnership enables NTW to leverage ICAPE's global supplier network while ICAPE gains access to NTW's Southeast Asian presence and on-site trading expertise.
- CIPEM (ICAPE Group)coreCIPEM is part of ICAPE Group providing custom electronic components including cables, displays, metal, plastic, and assembly services globally from design to mass production
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
NTW competitors and assessment
Company assessmentDirect peers
- KAGA Electronics Co., Ltd. Japanese electronics trading company distributing semiconductors, electronic components, and PCBs to manufacturers. Highly comparable to NTW in serving Japanese OEMs with mixed trading and technical support offerings, including overseas sourcing.
- Macnica Holdings (Macnica Fuji Electronics Holdings): Major Japanese electronic components and semiconductor distributor serving industrial, automotive, and communications customers, with overseas sourcing and design-in support comparable to NTW's enterprise sales motion.
- Marubun Corporation: Tokyo-headquartered electronics trading company distributing semiconductors, electronic components, and related products to Japanese manufacturers, with overseas sourcing arrangements analogous to NTW's Asian procurement model.
- RYODEN Corporation: Japanese electronic devices and components trading company with global sourcing capabilities and technical support — comparable to NTW in serving Japanese enterprise customers across multiple component categories.
- Restar Holdings Corporation: Japanese electronics trading group formed via mergers of semiconductor and component distributors, serving Japanese OEMs with overseas sourcing operations analogous to NTW's Asian factory-staffing model.
Broad incumbents
- ICAPE Group: Euronext-listed French parent company of NTW specializing in global PCB and custom electronic components distribution. Acquired NTW in September 2024 to access Asian sourcing — overlapping operationally with NTW and providing a strategic scale benchmark for valuation.
- WT Microelectronics: Taiwan-based electronic components distributor with strong Asia-Pacific footprint serving OEMs and EMS providers. Comparable to NTW as an APAC distribution peer, though broader in semiconductor and passive components.
- WPG Holdings: Taiwan-headquartered, Asia's largest electronic components distributor with global footprint. Broader in scope than NTW (semiconductor-heavy) but comparable in serving APAC OEMs with cross-border sourcing and distribution.
Emerging players
- Nippon Mektron: Japan-headquartered leading global FPC (flexible printed circuit) manufacturer, part of the Sumitomo group. Direct overlap with NTW's rigid-flex and FPC product category and serves similar Japanese electronics OEM customers.
- Meiko Electronics Co., Ltd. Japanese PCB manufacturer with global factories (Japan, China, Vietnam). A vertically-integrated alternative to NTW for Japanese OEMs seeking PCB supply, increasingly relevant as Vietnam capacity expands in NTW's territory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
NTW social profiles
Digital presenceNTW financial estimates
Financial estimateRevenue estimate
Valuation estimate
NTW leadership team
Management profileNumber of profiles
NTW subsidiaries and ownership
Company hierarchySubsidiaries6 records
NTW funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NTW M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NTW
What does NTW do?
NTW operates as an "On-site Trading Company" (現場商社®) procuring and supplying printed circuit boards (rigid PCBs, flexible PCBs, rigid-flex PCBs, and special boards) from partner factories across Asia to Japanese electronics manufacturers. The company stations its own staff on-site at these factories to deliver real-time quality confirmation, factory inspection, auditing, and supplier negotiation services on behalf of customers, providing end-to-end support from PCB design and artwork through manufacturing and assembly.
Is NTW a public or private company?
NTW is a private company. It is classified as corporate owned and is currently operating.
When was NTW founded?
NTW was founded in 2002. It employs 101 to 250 people.
Where is NTW based?
NTW is headquartered in Tokyo, Japan, in the Asia region.
How does NTW make money?
One revenue line is on record: PCB Trading and Procurement.
Who are NTW's main competitors?
Direct peers on record are KAGA Electronics Co., Ltd., Macnica Holdings (Macnica Fuji Electronics Holdings), Marubun Corporation, RYODEN Corporation and Restar Holdings Corporation. Broad incumbents are ICAPE Group, WT Microelectronics and WPG Holdings. Emerging players are Nippon Mektron and Meiko Electronics Co., Ltd..
Does NTW have an API?
No public API is recorded for NTW.
What industry is NTW in?
NTW's product category is Electronic Components Distribution. Its primary akta.pro industry code is HDAHAOAI, PCB Assembly (PCBA/EMS), with a secondary code of HDAHAOAH, PCB Fabrication (Flex & Rigid-Flex PCBs). Its NAICS code is 334418 and its SIC code is 5065.