Alps Electric Co Ltd (APELY)

Alps Alpine Co., Ltd. is the underlying issuer for this OTC-listed American depositary receipt. The Japan-based company designs, manufactures, and sells electronic components across Japan, China, the United States, South Korea, and other international markets. Its operations are organized into three business segments: Component, Sensor and Communication, and Module and System. Products and solutions include TACT switches, potentiometers, haptic reactors, actuators, microfluidic devices, aspherical glass lenses, and a range of sensing technologies such as current, pressure, millimeter-wave, and magnetic sensors. The company also supplies communication modules, capacitive sensing modules, automotive interior systems, sound and display products, and various customized car-related products. In addition, it provides systems development, office, financing and leasing services, and solutions for car rental operators. Founded in 1948 and headquartered in Tokyo, the company was previously known as Alps Electric Co., Ltd. and adopted its current name in January 2019.

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