Kuroda Group Co.,Ltd.
287A・Standard Market・Wholesale Trade
Kuroda Group Co.,Ltd.
287A・Standard Market・Wholesale Trade
Manufacturing
The Group's growth engine, achieving high profitability through niche-focused manufacturing businesses
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (external customers) | ¥30,291 million | ¥28,713 million | ↑ |
| Segment profit | ¥4,498 million | ¥4,085 million | ↑ |
| Operating margin | 14.1% | 13.4% | ↑ |
| Increase in non-current assets (capital expenditures, etc.) | ¥3,578 million | ¥3,452 million | ↑ |
| Depreciation and amortization | ¥1,413 million | ¥1,344 million | ↑ |
| Impairment loss | ¥567 million | ¥0 million | ↓ |
Business Details
Comprised of domestic and overseas manufacturing subsidiaries. Each company possesses proprietary technology in niche fields such as LCD Alignment Film Printing Plates & Automation Equipment, HDD Components, Electrical Installation Materials, Aluminum Die-Cast Products, Resin Molds for Automotive Use, and Circuit Design & Contract Development. The segment operates production facilities in Japan, Thailand, Vietnam, China, and South Korea, providing products and services to customers in the automotive, data center, LCD, and electrical installation industries. In FY2026 (ending March 2026), the segment maintained high profitability with revenue of ¥30,291 million and an operating margin of 14.1%.
Recent Overview
HDD components and automation equipment led growth, with both revenue and profit up year on year; recorded an impairment loss of ¥567 million
In FY2026 (ending March 2026), the Manufacturing segment achieved revenue of ¥30,291 million (up 5.5% year on year), segment profit of ¥4,498 million (up 10.1% year on year), and an operating margin of 14.1%. The HDD components business was driven by increased production volumes of nearline HDD models for data centers amid the spread of generative AI. Automation equipment also saw substantial growth due to strong orders for HDD-related equipment. Meanwhile, although a gain on sale of non-current assets of ¥1,773 million was recorded, the segment also incurred an impairment loss of ¥567 million and structural transformation costs of ¥143 million.
Key Products
Growth Drivers
- Expansion of demand for HDD components and automation equipment driven by increased production of nearline HDD models for data centers amid the spread of generative AI
- Sales expansion efforts for LCD Alignment Film Printing Plates in the Chinese market (leveraging the local manufacturing subsidiary in China)
- Strengthened sales of new Electrical Installation Materials products backed by firm demand in the electrical installation industry
- Increased sales from automotive-related circuit design contract development
- Concentration of management resources into the Manufacturing business and promotion of incorporating new manufacturing businesses under the policy of a 'Manufacturing 1 : Trading Company 2 revenue composition' in the three-year management plan (FY2026-FY2028, ending March 2026 to March 2028)
- Productivity improvements in the Manufacturing business (factored into the FY2027 (ending March 2027) forecast)
Risks
- Decline in sales due to the end of filter product supply to certain customers (HDD components business)
- Decline in sales of LCD Alignment Film Printing Plates in the Taiwan and South Korea markets
- Risk of development delays by major customers in the Resin Molds for Automotive Use business
- Concerns over supply chain changes due to tightened rare earth export restrictions in China
- Risk of impairment of non-current assets (an impairment loss of ¥567 million was recorded in the Manufacturing segment during the current fiscal year)
- Risk of economic fluctuations in various countries and regions due to changes in U.S. trade policy
- Risk of demand decline due to the economic slowdown in China
Last updated: June 19, 2026