Bando Chemical Industries, Ltd.
5195・Prime Market・Rubber Products
Automotive Parts Business
Bando Chemical's core segment, accounting for approximately 50.7% of consolidated revenue, engaged in transmission belt operations for automobiles and motorcycles
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Full year FY2026, ending March 2026) | ¥60,397 million | ¥58,056 million | ↑ |
| Core Operating Profit (Full year FY2026, ending March 2026) | ¥5,682 million | ¥4,897 million | ↑ |
| Core Operating Profit Margin (Full year FY2026, ending March 2026) | 9.4% | 8.4% | ↑ |
| Depreciation and Amortization (Full year FY2026, ending March 2026) | ¥2,489 million | ¥2,686 million | ↓ |
| Capital Expenditures (increase in property, plant and equipment and intangible assets, Full year FY2026, ending March 2026) | ¥2,903 million | ¥3,003 million | ↓ |
| Impairment Loss (Full year FY2026, ending March 2026) | ¥0 million | ¥850 million | ↓ |
Business Details
Manufactures and sells auxiliary drive belts (Rib Ace®) and auxiliary drive transmission system products (auto tensioner) for automobiles, as well as scooter variable speed belts for motorcycles, both domestically and internationally. Primary customers are domestic and overseas automobile and motorcycle manufacturers along with the aftermarket (repair market), and the segment maintains an extensive global production and sales network across the U.S., Europe, China, and Asia. In FY2026 (ending March 2026), revenue was ¥60,397 million, accounting for approximately 50.7% of consolidated revenue, making it the largest segment in the Group.
Recent Overview
In FY2026 (ending March 2026), both revenue and core operating profit increased, driven by expansion of adopted vehicle models and higher sales in China and Europe
Revenue in FY2026 (ending March 2026) was ¥60,397 million (up 4.0% year on year), and core operating profit was ¥5,682 million (up 16.0% year on year). Domestically, although automobile production volume remained roughly flat year on year, sales of auxiliary drive transmission belts and system products increased due to a rise in the number of vehicle models adopting the company's products. Overseas, sales to the U.S. aftermarket decreased while sales to the European aftermarket increased. In China, steady production by motorcycle manufacturers led to an increase in scooter variable speed belts, and in Asia, sales of scooter variable speed belts to the aftermarket also increased. The impairment loss of ¥850 million recorded in the prior period was zero in the current period, resulting in a significant improvement in overall segment profitability.
Key Products
Growth Drivers
- Expansion of domestic sales of auxiliary drive transmission belts and system products due to an increase in vehicle models adopting the company's products
- Increase in sales of scooter variable speed belts due to steady production trends among motorcycle manufacturers in China and Asia
- Expansion of sales of products to the European aftermarket (repair market)
- Expansion of products responsive to electrification and environmental regulations, and a strategy to expand sales into the global aftermarket
- Business expansion into the personal mobility market (a key initiative of the mid- to long-term management plan CV-1)
Risks
- Risk of demand decline due to a decrease in production volumes by Japanese automobile manufacturers (domestic and global)
- Risk of medium- to long-term contraction in demand for internal combustion engine belts due to the rapid advancement of electrification (EV adoption) in the Chinese market
- Risk of continued decline in sales to the U.S. aftermarket
- Risk of continued sluggishness in the Southeast Asian automobile market
- Risk of cost increases due to rising raw material prices
- Impact on the supply chain and sales due to heightened geopolitical risk (Middle East situation, etc.)
Last updated: June 22, 2026