J-MAX Co., Ltd.
3422・Standard Market・Metal Products
J-MAX (Japan)
Core domestic segment driving the Group's R&D and new site development.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥19,091 million | ¥18,973 million | — |
| Segment total (including internal sales) | ¥19,419 million | ¥19,391 million | — |
| Segment ordinary income | ¥600 million | ¥754 million | ↓ |
| Segment assets | ¥28,254 million | ¥27,397 million | ↑ |
| Depreciation and amortization | ¥1,124 million | ¥972 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥294 million | ¥2,841 million | ↓ |
| Interest expense | ¥212 million | ¥66 million | ↑ |
Business Details
This is the domestic segment operated by J-MAX Co., Ltd. (the reporting company). It manufactures Automotive Body Press Parts, Automotive Electrification Press Parts, and precision press parts, as well as Press Dies, Welding Jigs, and Inspection Tools, selling mainly to Topre Corporation and Honda Motor Co., Ltd. Its core business is integrated production of body press parts, spanning joint development with automakers through procurement of production equipment, pressing, and welding. It plays a role in driving growth across the Group as a whole through expansion of new customers, development of the new Okayama Plant (Western Japan region), and promotion of R&D.
Recent Overview
Sales held flat, but profit declined due to increased costs associated with the Okayama Plant startup.
In the Japan segment for FY2026 (ending March 2026), although production of automotive parts for major customers decreased except for certain models, sales remained flat at ¥19,419 million, up 0.1% year on year, supported by increased sales of dies and related equipment accompanying new model launches (sales of Dies, etc. were ¥1,125 million, up approximately 70% year on year). On the other hand, segment ordinary income decreased to ¥600 million (down 20.4% year on year) due to a temporary increase in variable costs associated with the startup of the Okayama Plant. Capital expenditures sharply decreased from ¥2,841 million in the prior period to ¥294 million, indicating the completion of the large-scale investment phase for the Okayama Plant.
Key Products
Growth Drivers
- Expansion of production capacity and sales scale through development of a new production site in the Western Japan region (Okayama Plant) based on the medium- to long-term five-year plan "J-VISION 30"
- Order expansion in the Automotive Electrification Press Parts field and promotion of in-house and joint development of on-board battery-related parts
- Increased sales of dies and equipment accompanying new model launches (sales of Dies, etc. reached ¥1,125 million in the current period, a large increase year on year)
- Driving Group-wide growth through expansion of new customers and promotion of R&D
- Pursuit of new manufacturing approaches leveraging AI and IoT, and transformation of the production structure
Risks
- Direct impact on sales and profit from changes in vehicle model mix or production cuts at major customers (such as Honda Motor Co., Ltd.)
- Profit pressure from a temporary increase in variable costs and expanded fixed cost burden associated with the startup of new sites such as the Okayama Plant
- Increased fixed cost burden (risk of lower capacity utilization) during periods of declining sales
- Medium- to long-term contraction in demand for parts for existing gasoline vehicles due to the accelerating shift to electrification in the automotive industry
- Risk of cost ratio deterioration due to the rising trend in labor and logistics costs
- Rising financial costs due to a substantial increase in interest expense (from ¥66 million in the prior period to ¥212 million in the current period)
Last updated: June 25, 2026