JHM Consolidation

What JHM Consolidation does

JHM Consolidation Berhad is a Malaysian public investment holding company listed on the MESDAQ Market of Bursa Malaysia (stock code 0127) that provides one-stop engineering solutions for precision microelectronic components (MEC). Through wholly-owned subsidiaries Morrissey Technology Sdn Bhd (Original Design Manufacturer of High Brightness LEDs), Morrissey Assembly Solution Sdn Bhd (AS9100 REV C and ISO 9001:2008 certified for aerospace assembly), MACE, Jingheng Electronic Precision Technology Sdn Bhd, and Morrissey Integrated Dynamics Sdn Bhd, plus the 52%-owned JHM Dekai Auto Lighting Sdn Bhd joint venture, the group covers the full MEC lifecycle from design and development through tooling fabrication to final assembly. Its primary served verticals are automotive (with anchor customers Proton under a 5-year RM300M contract and Magna Autosystems Inc under a 2.5-year USD25.9M US-market contract) and, newly entered, aerospace microelectronics assembly following AS9100 certification.

The company monetizes almost entirely through B2B contract manufacturing and ODM, with pricing negotiated per engagement under multi-year supply agreements. Its go-to-market is sales-led and field-driven: subsidiaries secure long-term (2.5-5 year) supply contracts directly with automotive OEMs and Tier-1 suppliers such as Proton and Magna, rather than via channel partners or distribution. Two anchor customers account for the bulk of disclosed forward contracted revenue (approximately RM415M combined over respective contract lives), indicating a high-touch, relationship-based enterprise motion rather than a high-volume SMB or transactional model. Revenue diversification is being pursued via the JV-led expansion into automotive lighting with Chinese partner Jiangxi Dekai, the MD (Xiamen) Faceplate Business JV, and the new aerospace vertical.

JHM is incorporated in Malaysia with its head office in Bayan Lepas, Penang, and manufacturing operations in Sungai Petani, Kedah. It is owned through public float and substantial shareholders including Noble Matters Sdn Bhd and individual directors, with no private equity or holding-company parent identified. The group employs 1,001-5,000 people and is pursuing visible capacity expansion, evidenced by the September 2024 acquisition of an RM20.9 million industrial property in Sungai Lalang ahead of contract commencement in Q3 FY2025 onward.

Name

JHM Consolidation

Legal name

JHM Consolidation Berhad

Website

https://jhm.net.my

Company type

Public

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

JHM Consolidation Berhad is a Malaysian Bursa-listed engineering group that provides one-stop design, tooling, and assembly solutions for precision microelectronic components, serving automotive OEMs (Proton, Magna) and aerospace customers through multiple subsidiaries and joint ventures.

Ownership category

akta.pro rank

Product category

Microelectronic Components Manufacturing

NAICS

Aerospace Product and Parts Manufacturing (33641), Other Electronic Component Manufacturing (334419), Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418)

SIC

Aircraft Parts & Auxiliary Equipment, Nec (3728), Electronic Components, Nec (3679)

akta.pro primary industry

Automotive Lighting Assemblies Manufacturing (Headlamps/Taillamps/Interior Lamps/DRLs) (IMACAKAG)

akta.pro secondary industries

Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs) (IMAGAGAD), Parts Distribution & Spares Management (Aftermarket) (IMABALAK)

Keywords

• Microelectronic components
• Precision engineering
• LED manufacturing
• Automotive lighting
• Aerospace assembly

Headquarters

HQ city

Bayan Lepas

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Precision Parts Manufacturing & Assembly: JHM generates revenue through the manufacture and assembly of precision microelectronic components and parts for automotive and aerospace customers. The company's subsidiaries secure long-term supply contracts (2.5 to 5 years) with major OEM manufacturers, generating estimated contract values of RM300 million (Proton) and USD 25.9 million (Magna).
2. Original Design Manufacturing (ODM) of High Brightness LED: JHM's subsidiary Morrissey Technology Sdn Bhd engages in original design manufacturing of High Brightness Light Emitting Diodes, combining in-house design and manufacturing capabilities for microelectronic components.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

JHM Consolidation Berhad provides a one-stop engineering solution for Microelectronics Components (MEC), spanning component design and development, tooling design, fabrication, and final component assembly. Through its subsidiaries the company also performs Original Design Manufacturing (ODM) of High Brightness Light Emitting Diodes (LEDs), automotive lighting parts, and aerospace-grade microelectronics assemblies (AS9100 REV C / ISO 9001:2008 certified). The group supplies these precision components and assemblies directly to automotive OEMs (Proton), Tier-1 automotive suppliers (Magna Autosystems Inc), and aerospace customers via long-term multi-year contracts.

Product overview

JHM Consolidation Berhad is a Malaysian engineering solutions provider offering one-stop engineering solutions spanning from the design and development of Microelectronics Components (MEC) to the complete design, fabrication, and assembly of toolings for manufacturing these components. The Group operates through multiple subsidiaries including Morrissey Technology (ODM of High Brightness LED), MACE, Morrissey Assembly Solution (aerospace-certified assembly), JHM Dekai Auto Lighting (auto lighting joint venture), and Jingheng Electronic Precision Technology (precision microelectronics). The company continuously enhances R&D capabilities to offer quality MEC at competitive pricing.

Differentiator

Problem solved

Functional benefit

Products and services

• One-Stop Engineering Solution for Microelectronics Components (MEC) Vertically integrated engineering service covering the design and development of Microelectronics Components (MEC) and the design, fabrication, and assembly of toolings required to manufacture them. Offered to enterprise OEMs and Tier-1 suppliers across automotive and aerospace applications.
• Original Design Manufacturing (ODM) of High Brightness Light Emitting Diodes (LEDs) Original Design Manufacturing service for High Brightness LED products, combining in-house product design and manufacturing of precision microelectronic components. Delivered by subsidiary Morrissey Technology Sdn Bhd.
• Aerospace-Grade Microelectronics Assembly AS9100 REV C and ISO 9001:2008 certified assembly of microelectronics for aerospace applications, performed by subsidiary Morrissey Assembly Solution Sdn Bhd. Made available to aerospace buyers requiring certified microelectronics assembly under the AS9100 quality management standard.
• Automotive Lighting Parts Supply to Proton Multi-year contracted supply of automotive lighting parts for specific Proton car models, delivered by 52%-owned subsidiary JHM Dekai Auto Lighting Sdn Bhd under a five-year contract valued at approximately RM300 million commencing late Q3 FY2025.
• Automotive Parts Supply to Magna Autosystems Inc (USA) Contracted supply of precision automotive parts for a specific car model sold in the United States, delivered by wholly-owned subsidiary Morrissey Assembly Solution Sdn Bhd under a 2.5-year contract valued at USD25,892,431 commencing Q3 FY2025.
• Precision Microelectronic Components Design and Manufacturing Design and manufacturing of precision microelectronic components delivered by subsidiary Jingheng Electronic Precision Technology Sdn Bhd. Targeted at enterprise buyers requiring precision componentry for automotive and related microelectronic applications.

Quantifiable outcome

• AS9100 REV C and ISO 9001:2008 aerospace quality certifications obtained, enabling expansion into the aerospace microelectronics assembly industry.
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• BSI GroupminorOthers · 1 March 2026BSI Group is the certification body that issued Morrissey Assembly Solution Sdn Bhd with AS9100 REV C and ISO 9001:2008 aerospace quality certifications, enabling JHM's expansion into the aerospace industry for microelectronics assembly.
• Magna Autosystems InccoreStrategic or Co-development Partner · 26 February 2025JHM's wholly-owned subsidiary Morrissey Assembly Solution Sdn Bhd (MASSB) secured a contract from Magna Autosystems Inc for the supply of automotive parts for a car model in the United States of America. The contract has a total estimated value of USD25,892,431 (equivalent to approximately RM115,221,319.35 at an estimated exchange rate of USD1:RM4.45) over a duration of 2.5 years, expected to commence in Q3 FY2025 and contribute to JHM Group earnings.
• Perusahaan Otomobil Nasional Sdn Bhd (Proton)coreStrategic or Co-development Partner · 10 December 2024JHM's 52%-owned subsidiary JHM Dekai Auto Lighting Sdn. Bhd. secured contracts from Proton (Perusahaan Otomobil Nasional Sdn Bhd) for the supply of automotive parts for specific Proton car models. The contract has an estimated value of RM300 million over a duration of 5 years, expected to commence in late Q3 FY2025 and contribute to JHM Group earnings over the contract period. The contract addresses risks including economic, political, regulatory changes, and operational risks such as completion risk and shortage of materials and skilled labour.
• Jiangsu Dekai Auto Parts Co. Ltd (Jiangxi Dekai Auto Lighting Co., Ltd)coreStrategic or Co-development Partner · 27 November 2024JHM Consolidation Berhad and Jiangxi Dekai Auto Lighting Co., Ltd (a subsidiary of Jiangsu Dekai Auto Parts Co. Ltd) entered into a joint venture through JHM Dekai Auto Lighting Sdn. Bhd., with JHM holding 52% and the Chinese partner holding 48%. Following the subscription of shares, the MOU between JHM and Jiangsu Dekai Auto Parts Co. Ltd was deemed fulfilled and expired. The JV vehicle focuses on automotive lighting products and was the basis for the RM300M Proton contract.
• MD (Xiamen) Mechanical Solutions Company & MD Mechanical Solutions (PG) Sdn BhdminorStrategic or Co-development Partner · 27 November 2024JHM and its wholly-owned subsidiary Morrissey Integrated Dynamics Sdn. Bhd. (MID) entered into a Sale and Purchase of Assets Cum Joint Venture Shareholders' Agreement with MD (Xiamen) Mechanical Solutions Company and MD Mechanical Solutions (PG) Sdn Bhd. The joint venture uses MID as the vehicle to carry out its existing business as well as the Faceplate Business brought in by MD Penang, enabling collaboration on existing and new business operations.
• Megaready Industries Sdn Bhd (MISB)minorOthers · 6 September 2024JHM entered into a Sale and Purchase Agreement with Megaready Industries Sdn Bhd for the acquisition of industrial property for a total cash consideration of RM20,900,000. The property comprises existing lease, extended lease, existing building, and new building located in the MIEL industrial zone in Sungai Lalang, Sungai Petani.
• Skywooo Manufacturing Sdn BhdminorStrategic or Co-development Partner · 4 May 2021JHM entered into a Subscription and Joint Venture Agreement with Skywooo Manufacturing Sdn Bhd, Nurulhuda Binti Azmi, and Lim Chee Yaw to regulate the arrangement relating to the management, operations, affairs, and the rights and obligations of the parties as members of Skywooo.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Koito Manufacturing Co., Ltd. Japanese global leader in automotive lighting assemblies. Comparable because JHM Dekai Auto Lighting competes in the same auto lighting product category (headlamps/tail lamps); Koito is the dominant incumbent that JHM/JHM Dekai supply into via Tier-1 programs.
• HELLA GmbH & Co. KGaA: German automotive lighting and electronics Tier-1 supplier. Comparable product category (automotive lighting assemblies) and customer overlap with global auto OEMs, representing the type of established player JHM could supply into as a contract manufacturer.
• Marelli Holdings Co., Ltd. Global automotive lighting and electronics Tier-1 supplier (formerly Magneti Marelli). Comparable end-product category and Magna-channel adjacency; Marelli represents the broader incumbent landscape JHM participates in through the Magna contract.

Direct peers

• ViTrox Corporation Berhad: Malaysian designer and manufacturer of machine vision and automated inspection equipment for semiconductor and electronics assembly. Adjacent but highly comparable — same Penang electronics manufacturing ecosystem and end-customer base as JHM.
• ATA IMS Berhad: Malaysian precision plastics and engineering components manufacturer serving major home appliance and automotive OEMs. Comparable in Tier-1 contract manufacturing model and exposure to large OEM supply programs.
• Globetronics Technology Bhd: Malaysian precision electronics and LED sensor manufacturer based in Penang; serves automotive and industrial customers with similar high-mix, precision assembly capabilities and is one of JHM's closest scale and product-category peers on Bursa Malaysia.
• Unisem (M) Berhad: Malaysian semiconductor packaging and test services provider with similar end-market exposure (automotive, industrial, consumer). Comparable in manufacturing footprint, customer base characteristics, and precision assembly focus.
• Inari Amertron Berhad: Malaysia-based OSAT (optical/electronics assembly) provider serving RF, optoelectronics, and automotive customers. Comparable in vertical integration model, Malaysian low-cost footprint, and exposure to Tier-1 OEM supply chains.
• Uchi Technologies Berhad: Malaysian precision engineering and contract manufacturer of sensor/control components for automotive and industrial applications. Highly comparable in scale, contract-manufacturing model, and automotive customer profile.

Emerging players

• Pentamaster Corporation Berhad: Malaysian automation and smart-manufacturing solutions provider serving semiconductor and medical-device customers. Comparable as a Penang-based precision engineering peer moving up the value chain toward higher-margin specialized markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JHM Consolidation