Fukoku Co.,Ltd.
5185・Prime Market・Rubber Products
Functional Products Business
Fukoku's core segment expanding domestically and internationally centered on Seal Components, Wiper Blade Rubber, and other products
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (external customers + internal, full year FY2026 ending March 2026) | ¥42,689 million | ¥41,149 million | ↑ |
| Segment sales to external customers (full year FY2026 ending March 2026) | ¥41,944 million | ¥40,455 million | ↑ |
| Segment profit (full year FY2026 ending March 2026) | ¥4,640 million | ¥4,999 million | ↓ |
| Segment assets (end of FY2026 ending March 2026) | ¥36,878 million | ¥35,807 million | ↑ |
| Depreciation and amortization (full year FY2026 ending March 2026) | ¥2,667 million | ¥2,411 million | ↑ |
| Increase in tangible and intangible fixed assets (full year FY2026 ending March 2026) | ¥2,981 million | ¥3,037 million | ↓ |
Business Details
This segment manufactures and sells Seal Components, Wiper Blade Rubber, OA Products, and other items. In addition to the parent company, consolidated subsidiaries in South Korea, Thailand, Indonesia, India, Vietnam, China, the United States, and Mexico handle manufacturing, selling into their respective domestic markets and from Japan to overseas customers. While automotive applications remain the core focus, the company is also working to expand sales in non-automotive and industrial fields such as Thermal Gap Filler and precision Seal Components for semiconductor manufacturing equipment. In FY2026 (ending March 2026), orders for Thermal Gap Filler and from Chinese local wiper manufacturers remained solid, resulting in a 3.7% year-on-year increase in net sales.
Recent Overview
Sales increased 3.7% year on year, but segment profit fell 7.2% as the company was unable to fully absorb rising costs
In FY2026 (ending March 2026), orders for Thermal Gap Filler and from Chinese local wiper manufacturers remained solid, resulting in sales to external customers of ¥41,944 million (up 3.7% year on year). On the other hand, segment profit came to only ¥4,640 million (down 7.2% year on year). Although the company pursued productivity improvements, rationalization, and price pass-through measures, it was unable to fully absorb increases in raw material costs and labor costs, which was the main cause. Note that due to a change in the fiscal year-end of consolidated subsidiary Fukoku India Private Limited (from December to March), the current period includes 15 months of consolidated results for that company, which had the effect of increasing Functional Products Business sales by ¥285 million.
Key Products
Growth Drivers
- Steady expansion of orders for Thermal Gap Filler and from Chinese local wiper manufacturers
- Expansion of precision Seal Components for semiconductor manufacturing equipment into the industrial field
- Expansion of global market share through solutions business proposing entire wiper systems
- Strengthening of production and sales systems in growth regions such as India, China, and Southeast Asia
- Improved production efficiency and expanded product lineup through integration of OA Products from the former Industrial Equipment business
Risks
- Profit pressure from continued increases in raw material and labor costs (segment profit down 7.2% in FY2026 ending March 2026)
- Widening regional disparities in automobile production volumes and uncertainty over the shift in demand toward electric vehicles
- Impact on exports and supply chains from changes in U.S. trade policy
- Risk of intensifying competition and demand fluctuations in the Chinese and Southeast Asian markets
- Impact of exchange rate fluctuations (yen appreciation) on the translated sales value of overseas subsidiaries
Last updated: June 22, 2026