Yushiro Inc.
5013・Standard Market・Oil & Coal Products
Japan
Core profit-generating segment handling the only Metalworking Fluids and Cleanliness products domestically
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥19,643 million | ¥19,433 million | ↑ |
| Operating income | ¥581 million | ¥814 million | ↓ |
| Segment assets | ¥18,652 million | ¥20,588 million | ↓ |
| Depreciation and amortization | ¥515 million | ¥403 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥432 million | ¥720 million | ↓ |
Business Details
The Japan segment is the core segment responsible for the Group's domestic operations. In addition to the mainstay Metalworking Fluids Business (net sales of ¥17,659 million), it is the only segment within the Group to operate the Cleanliness Business (net sales of ¥1,983 million). Major customers are automobile manufacturers and auto parts manufacturers, and the segment is also promoting sales expansion of new products addressing EV adoption and ESG orientation. It is also working to strengthen expansion into aircraft and non-automotive fields and to commercialize new businesses such as Hikari Action / Self-Healing Materials.
Recent Overview
Net sales rose slightly, but operating income declined 28.6% year on year due to increased expenses and personnel costs
In the Japan segment for FY2026 (ending March 2026), amid overall sluggish domestic automobile production, the company worked on price revisions and sales expansion, resulting in net sales of ¥19,643 million, up 1.1% year on year. On the other hand, although raw material costs showed signs of stabilizing, operating income declined significantly by 28.6% year on year to ¥581 million due to the impact of increased expenses and personnel costs. The segment's share of operating income also declined from 14.6% in the prior period to 11.5%.
Key Products
Growth Drivers
- Securing profitability through price revisions (for domestic automotive customers)
- Expansion and introduction of new products addressing EV adoption and ESG orientation
- Strengthening expansion into non-automotive fields such as aircraft, medical, and semiconductors
- Commercialization of new businesses in Hikari Action / Self-Healing Materials
- Operational efficiency improvements through DX promotion and IT infrastructure strengthening
Risks
- Decline in demand due to sluggish production volumes at automobile manufacturers
- Profit pressure from persistently high raw material prices and rising costs (increased personnel expenses and other costs)
- Risk of structural decline in demand for conventional Metalworking Fluids due to progress in EV adoption
- Continued cost increases from ongoing domestic inflation and rising personnel costs
- Risk of changes to production plans by major customers (automobile manufacturers) due to shifts in U.S. trade policy
Last updated: June 22, 2026