INABA SEISAKUSHO Co.,Ltd.
3421・Standard Market・Metal Products
Steel Storage Sheds
Manufacturing and sales business for steel storage sheds, garages, and warehouses, holding the top domestic market share
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Cumulative Q3 FY2026 (ending March 2026)) | ¥20,620 million | ¥21,676 million (same period prior year) | ↓ |
| Segment Profit (Cumulative Q3 FY2026 (ending March 2026)) | ¥1,624 million | ¥1,896 million (same period prior year) | ↓ |
| Segment Profit Margin (Cumulative Q3 FY2026 (ending March 2026)) | 7.9% | 8.7% (same period prior year) | ↓ |
| Net Sales (Full Year FY2025 (ending March 2025)) | ¥29,218 million | — | — |
| Segment Profit (Full Year FY2025 (ending March 2025)) | ¥2,468 million | — | — |
| Segment Profit Margin (Full Year FY2025 (ending March 2025)) | 8.5% | — | — |
Business Details
The Company's core segment. It manufactures and sells storage sheds, garages, warehouses, bicycle parking, and similar products, and also handles storage rental services. The Company manufactures products and sells them through agents and distributors, as well as through its consolidated subsidiary Kyoshin Co., Ltd. Its strengths lie in an integrated production system with an in-house production ratio exceeding 90% and a nationwide network of 22 distribution centers enabling short delivery times. Under the brand "Yappari Inaba, 100-nin Notte mo Daijobu" (Inaba After All, Safe Even with 100 People on Board), the company maintains the top share in the domestic steel storage shed market.
Recent Overview
Demand remained weak due to sluggish personal consumption, while medium-sized and warehouse products for disaster preparedness held firm
In the cumulative nine months of FY2026 (ending March 2026) (August 2025 to April 2026), net sales were ¥20,620 million (down 4.9% year on year) and segment profit was ¥1,624 million (down 14.3% year on year). While sluggish personal consumption growth due to continued price increases weighed on demand, sales of medium-sized and warehouse products using designated building materials, which meet disaster preparedness demand from corporations and municipalities amid heightened awareness of natural disaster risk, remained solid. The company also continues its customer proposal activities leveraging its nationwide sales network through storage shed workshops and installation seminars, an initiative that has been ongoing for approximately 50 years.
Key Products
Growth Drivers
- Capturing disaster preparedness demand from corporations and municipalities through increased customer recognition of building-code-compliant products (FORTA) amid growing awareness of natural disaster risk
- Enhanced production capacity for large-scale products and improved distribution efficiency to western Japan through the new garage production line at the Inuyama Plant (completed July 2024)
- Optimization of the production system and cost reduction through the transfer of storage shed production to the Tomioka Plant (scheduled for completion in July 2026)
- Securing demand through short delivery times leveraging the nationwide network of 22 distribution centers
- Strengthening trust with agents and distributors and enhancing product recognition through storage shed workshops and installation seminars (with cumulative attendance exceeding 90,000)
- Rationalization of business operations and strengthened sales capability through the absorption-type merger of Kato Sangyo Co., Ltd. into the consolidated subsidiary Kyoshin Co., Ltd. (effective August 1, 2025)
Risks
- Weak demand due to the ongoing decline in new housing starts and sluggish personal consumption growth caused by price increases (net sales down 4.9% year on year in the cumulative nine months of the current fiscal year)
- Rising cost ratio due to soaring procurement prices for steel and other raw materials (material prices remaining at elevated levels)
- Profit pressure from increased fixed costs, including depreciation, energy costs, and labor costs
- Sales concentration in the major customer Yuasa Trading Co., Ltd. (approximately 28.7% of net sales)
- Risk of reduced production efficiency during the production transfer construction period
- Uncertainty over the outlook due to deterioration in the external environment, including the situations in the Middle East and Ukraine, the slowdown in the Chinese economy, and US trade policy
Last updated: October 27, 2025