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Keyenceâs products include machine visions systems including sensors and measuring instruments that are primarily used in the automation of factories. These components help customers achieve higher levels of efficiency, energy-savings, improved material utilisation and reduced wastage and quality management.
Engagement issue
Product impact.
Engagement objective
Strengthen our understanding of the positive impact associated with Keyenceâs products and services.
Scope and process
Weâve recently been undertaking a project to quantify and further strengthen our understanding of the positive impact associated with the products and services sold by our investee companies. Additional insights allow us to build a stronger case and âimpact storyâ for each of our stocks, which is especially useful for our investors. It also feeds into our broader analysis and can result in an improved impact score for the company.
We reviewed the analysis on Keyence within our impact engine to identify areas that we felt we could develop our understanding. This work formed the basis of a series of questions we put to the company in advance of an arranged discussion on them.
Outcome
Partially successful. The call was not as helpful as we had hoped, unfortunately. The main problem is that it is very difficult to quantify resource efficiency gains when using Keyenceâs technology at a broad level, due to the fact that so many different variables are involved. For example, the speed of conveyor belts from other manufacturers can be a limiting factor to how many defects can be identified by machine vision tech. Further engagement dialogues with the company should encourage the company to help customers quantify their resource efficiency gains, or to sell manufacturing systems that could help improve the outcome for the customer.
Important information
Foresight Group LLP does not offer legal, tax, financial or investment advice and the information on this website should not be construed as such. We recommend investors seek advice from a regulated financial adviser. The opportunity described in this document may not be suitable for all investors. Any such investment decision should be made only on the basis of the Fund scheme documents and appropriate professional advice.
Foresight Group LLP acts as investment manager and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 198020 and has its registered office at The Shard, 32 London Bridge Street, London SE1 9SG.
OEICs
An investment in FP Sustainable Future Themes Fund, FP Foresight Global Real Infrastructure Fund, FP Sustainable Real Estate Securities Fund, FP UK Infrastructure Income Fund or FP WHEB Sustainability Impact Fund and Liontrust Diversified Real Assets Fund (together the âFundsâ) should be considered a long-term investment that may be higher risk. Portfolio holdings are subject to change without notice.
The Authorised Corporate Directors FundRock Partners Limited (registered office at Hamilton Centre, Rodney Way, Chelmsford, England, CM1 3BY) and Liontrust Investment Partners LLP (registered office 2 Savoy Court, London WC2R 0EZ), are authorised and regulated by the Financial Conduct Authority with Firm Reference Numbers 469278 and 518552 respectively. The Funds are incorporated in England and Wales.
ICAVs
An investment in the WHEB Sustainable Impact Fund and the WHEB Environmental Impact Fund (together the âFundsâ) should be considered a longer-term investment that may be higher risk. Portfolio holdings are subject to change without notice.
The Manager of the Funds is FundRock Management Company S.A., authorised and regulated by the Luxembourg regulator to act as UCITS management company and has its registered office at Airport Center Building, 5, Heienhaff, L-1736 Senningerberg, Luxembourg.
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