Ryoden Corporation is one of the largest electronics trading companies affiliated with Mitsubishi Electric Corporation (TSE Prime: 6503). The company’s main products include semiconductor products such as analog semiconductors, power semiconductors, microcontrollers, and SoCs; factory automation (FA) products such as servomotors; and commercial air conditioners. The company procures products from manufacturers and resells them to companies in the automotive, industrial machinery, and construction industries. In its mainstay semiconductor business, automotive applications account for a high percentage of Ryoden revenue, positioning the company favorably to take advantage of increased demand stemming from the electrification of automobiles.