Japan’s Phasemation began life in 1970 as Kyodo Denshi System. The company name was changed to Phase Tech in 2002, morphing into Phasemation in late 2010. Much like Britain's SME and other precision analogue companies, Kyodo made its real money in more lucrative tech. In this case, developing measuring devices for the IT industry. It just so happens the company CEO is an audiophile.
I became aware of the company a decade ago after brief listens to sundry Phase Tech cartridges. The company was gaining some ground in the advance notice stakes; lots of analog buzz on the forums. In fact, they were splendid and for a reasonable cost. My local dealer went nuts for them.