NEXYZ.Group Expands Operations by Acquiring Daiichi Electric Works Co., Ltd.

In a strategic move to bolster its capabilities within the embedded finance sector, NEXYZ.Group has acquired all shares of Daiichi Electric Works Co., Ltd., based in Wakayama, as of today. This acquisition marks a significant step for NEXYZ.Group, a company headquartered in Shibuya, Tokyo, led by CEO Takami Kondo, as it aims to enhance the scope of its Nexyz ZERO program.

Daiichi Electric Works, established in 1972, has a rich history of over 50 years featuring a portfolio that includes numerous public works projects in electrical and facility construction. The company prides itself on having a team of highly qualified professionals, including licensed electrical engineers and supervisors, showcasing their commitment to quality and expertise at a local level. These robust foundations in technical skill will enable NEXYZ.Group to respond to large-scale, specialized projects in the field of facility installation, including LED lighting and high-voltage substation systems.

Under the continued leadership of CEO Kazushige Noi at their Wakayama headquarters, Daiichi Electric Works will focus on sustaining its operations while contributing to the broader goals of the NEXYZ.Group. The collaboration between regional enterprises is a key element of NEXYZ.Group’s vision, fostering a reciprocal economic environment that benefits both the company and its community.

A Trusted Partner for Over Half a Century

Daiichi Electric Works has solidified its reputation as a comprehensive equipment construction company integrated into the regional fabric, mastering various fields such as electrical installations, air conditioning, plumbing, and parking management systems. With a management philosophy centered on delivering services that meet customer needs—from public works to individual clients—Daiichi Electric Works is noted for optimizing functionality and efficiency while also keeping aesthetic and hygienic standards in consideration.

Their slogan, "What seems possible but is not achieved, is at Daiichi Electric," resonates with NEXYZ.Group’s guiding principle of, "Turning the unthinkable into the norm." Both statements reflect a culture in which innovation and creativity thrive, unbound by conventional thinking.

Enhancing Regional Collaboration with Nexyz ZERO

NEXYZ.Group's flagship initiative, the Nexyz ZERO program, aims to provide support for facility installations without requiring initial investment. This service covers installations and replacements of various equipment, including LED lighting, streetlights, air conditioning units, cooking appliances, as well as electrical work for high-voltage substations. The growing complexity and scale of these projects underline a broader trend towards specialization within the sector.

In response to the needs of local businesses that face challenges with equipment installations, NEXYZ.Group has strengthened partnerships with financial institutions, encompassing banks and credit unions. As a result, opportunities have flourished not only within commercial spaces but also extending to hospitals, schools, and sports venues. The number of municipal projects, such as LED streetlight conversions, has already surpassed 300, highlighting the program's impact on local communities.

At present, NEXYZ.Group operates with 135 partnering financial institutions and collaborates with over 800 regional contractors, striving to expand a localized network that promotes economic circulation and contributes to environmental goals, including carbon reduction.

Company Overview as of September 30, 2025

- Company Name: Daiichi Electric Works Co., Ltd.
- Location: 47 Shimomachi, Wakayama, Japan
- Capital: 30 million JPY (as of September 30, 2025)
- Business Domain: Design, construction, and maintenance of electrical systems
- Establishment: August 30, 1972
- Employee Count: 12 employees (as of September 30, 2025)

Management Team:

- CEO: Kazushige Noi
- Director: Masayuki Sako
- Director: Takuma Yoshida (Director of NEXYZ.)
- Director: Haruto Kato (Head of Corporate Planning at NEXYZ.Group)
- Auditor: Yasuhiro Matsui (Senior Managing Director of NEXYZ.Group)

NEXYZ.Group holds 100% of the shares of Daiichi Electric Works, solidifying a partnership that is expected to stimulate revitalization in local economies and lead to sustainable growth across their sectors.