Overall KYE
Nature of Business
The Company was established in 1964 as a joint venture between the Phodhivorakhun family group and Mitsubishi Electric Corporation, Japan. Initially, the Company operated under the name Kang Yong Electric Manufacturing Co., Ltd. and engaged in the manufacturing and distribution of home electrical appliances under the “Mitsubishi Electric” brand.
At present, Kang Yong Electric Public Company Limited operates its head office and manufacturing facilities on a total land area of 73 rai, 2 ngan, and 23 square wah, located along Thepharat Road, Kilometer 20, Samut Prakan Province. The Company is engaged in the manufacturing and distribution of home electrical appliances under the “Mitsubishi Electric” brand, including refrigerators, electric fans, exhaust fans, and water pumps. The Company operates under production licenses and utilizes manufacturing technology transferred from Mitsubishi Electric Corporation, Japan, which is also a joint venture partner.
In 1993, the Company was listed on the Stock Exchange of Thailand as a public company, with a paid-up registered capital of THB 220 million, comprising 22 million ordinary shares with a par value of THB 10 per share. In 2019, the Company reduced its paid-up registered capital to THB 198 million, consisting of 19.8 million ordinary shares with a par value of THB 10 per share.
Shareholding Structure
As of 31 March 2025, the Company’s shareholding structure is as follows:
| ลำดับ | Shareholder | Share | % |
|---|---|---|---|
| 1 | MITSUBISHI ELECTRIC CORPORATION | 8,978,020 | 45.34 |
| 2 | บริษัท โพธิวรคุณ จำกัด | 1,960,024 | 9.90 |
| 3 | บริษัท เค วาย อินเตอร์เทรด จำกัด | 1,773,024 | 8.95 |
| 4 | บริษัท กันยง จำกัด | 697,324 | 3.52 |
| 5 | MR. SUPACHAI SUTHIPONGSCHAI | 342,500 | 1.73 |
| 6 | นาย สมจินต์ ลีลาเกตุ | 335,000 | 1.69 |
| 7 | BANK OF SINGAPORE LIMITED | 307,500 | 1.55 |
| 8 | MR. CHAYANIND PHODHIVORAKHUM | 265,583 | 1.34 |
| 9 | MRS. SRIRATANA VARIKARN | 259,607 | 1.31 |
| 10 | MR. PRAPHON POTIVORAKUN | 204,115 | 1.03 |
| 11 | นาย ประพัฒน์ โพธิวรคุณ | 170,970 | 0.86 |
| 12 | MISS YAJAI TANTRAPORN | 170,800 | 0.86 |
| 13 | MR. THIVA CHIRAPHADHANAKUL | 158,000 | 0.80 |
| 14 | นาย ก้องภพ ลิมทรง | 156,800 | 0.79 |
| 15 | MR. CHOUN CHUNTHATIKUL | 121,000 | 0.61 |
| 16 | นาง กิติกัญญา สุทธสิทธิ์ | 120,273 | 0.61 |
| 17 | MR. Anannit Visudtibhan | 119,772 | 0.60 |
| 18 | MISS Kanoknart Visudtibhan | 119,772 | 0.60 |
| 19 | นาย อรรถกฤช วิสุทธิพันธ์ | 119,772 | 0.60 |
| 20 | นาย ชัชวาล ปิยะประพันธ์พงษ์ | 118,200 | 0.60 |
- The names of shareholders may appear in both Thai and English, depending on the information submitted by shareholders.
- The top 20 major shareholders include shareholders holding 0.5% or more of the Company’s paid-up registered capital.
The Company is committed to building a sustainable organization through three core operational policies, designed to comprehensively address technological advancement, product quality, safety, and environmental friendliness, under the business philosophy “We Balance for the Best.” The Company has been certified under international management system standards, including ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), ISO 45001 (Occupational Health and Safety Management System), and ISO 50001 (Energy Management System). These certifications reflect the Company’s commitment to assuring customers of consistent product quality, environmental responsibility, the highest level of safety, as well as effective control and reduction of energy-related costs.
The Company has always placed strong emphasis on user safety in all electrical appliances it manufactures. All products are developed and manufactured in accordance with Premium Safety standards, which comply with the safety requirements of Mitsubishi Electric Corporation, Japan. Particular importance is given to product design and the selection of materials that are flame-retardant and safe for consumers. In addition, both the manufacturing processes and products consistently adhere to the Company’s environmental management policies, including initiatives to reduce substances that are harmful to human health and the environment. The Company also complies with the RoHS (Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment) requirements by reducing and controlling the use of ten hazardous substances in electrical appliances, including lead, mercury, cadmium, hexavalent chromium, polybrominated biphenyls (PBB), polybrominated diphenyl ethers (PBDE), di(2-ethylhexyl) phthalate (DEHP), butyl benzyl phthalate (BBP), dibutyl phthalate (DBP), and diisobutyl phthalate (DIBP).
The Company manufactures and distributes home electrical appliances under the “Mitsubishi Electric” brand, including refrigerators, electric fans, exhaust fans, and water pumps, for both domestic and international markets.
For the domestic market, the Company distributes its products exclusively through its sole authorized domestic distributor, Mitsubishi Electric Kang Yong Watana Co., Ltd., which supplies products to dealers nationwide.
For international markets, the Company distributes its products through sales company in oversea, supplying products to more than 20 countries and regions, including Japan, Hong Kong, Taiwan, Oceania (Australia and New Zealand), Southeast Asia (such as Singapore, Malaysia, and neighboring countries), Central Asia, and the Middle East.
Management Policy
Support the products and services that are safe, secure, healthy, and beneficial for customer's lives and contribute to the realization of a sustainable society that is friendly to the whole supply chain.
Innovating for a better tomorrow
Mission
1. Implement top priority to Safety first, Health first, Quality first, and compliance with the law and the code of conduct thoroughly.
2. Complete business structural reform by promoting process innovation: innovation of methods and efficiency related to business operations and production.
3. Aim to realize a recycling-oriented society and sustainability to achieve SDGs.
Business Strategy
1. Strengthen the implementation of Safety First, Health First, Compliance, Quality Assurance, and Information Security.
2. Strengthen business foundation and expand business profits by implementing structural reforms that can flexibly respond to changes in the environment.
3. Increase operational efficiency by promoting DX and JIT activities throughout the Company from direct to indirect departments.
4. Enhance employee engagement and create a workplace where employees can work energetically.
5. Drive ESG factors to secure the balance of solving social issues and profit by promoting the 3Rs, together with conducting CSR activities.