YOTAI REFRACTORIES CO.,LTD.
5357・Prime Market・Glass & Ceramics Products
Refractories, etc.
Core Yotai segment responsible for manufacturing and sale of refractories for high-heat industrial applications
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥24,167 million | ¥23,950 million | ↑ |
| Segment profit | ¥4,723 million | ¥4,607 million | ↑ |
| Segment profit margin | 19.5% | 19.2% | ↑ |
| Segment assets | ¥27,764 million | ¥27,945 million | ↓ |
| Orders received | ¥23,211 million | ¥24,773 million (calculated from 93.7% YoY) | ↓ |
Business Details
Targeting the steel, non-ferrous metal, cement, glass, ceramics, and environmental equipment-related furnace markets as its primary customer base, this segment manufactures and sells various refractory bricks such as Basic Bricks, High-Alumina Bricks, Clay Bricks, and Silica Bricks, as well as Monolithic Refractories. It is the flagship business accounting for approximately 82% of consolidated net sales, capturing domestic and overseas demand through a two-company structure including the consolidated subsidiary Yingkou Yaojin Refractories Import & Export Co., Ltd. (China). Tokyo Steel Manufacturing Co., Ltd. is a major customer, with sales to it in the fiscal year under review totaling ¥4,408 million (15.04% of total company sales).
Recent Overview
Increased sales and profit in FY2025 driven by higher non-steel orders; decreased in Q3 cumulative FY2026 due to lower ceramics and steel orders
In FY2025 (ending March 2025) (the fiscal year under review), net sales increased 0.9% year on year to ¥24,167 million and segment profit increased 2.5% to ¥4,723 million, driven primarily by an increase in orders for non-steel applications. On the other hand, in the cumulative nine months of FY2026 (ending March 2026) (April to December 2025), net sales declined to ¥17,912 million (down ¥562 million year on year) and segment profit declined to ¥3,412 million (down ¥158 million year on year), turning to decreased sales and profit due to a decline in orders for ceramics and steel applications. Orders received were ¥23,211 million (93.7% of the prior-year level), and the order backlog was ¥9,984 million (91.3% of the prior-year level), indicating softening in orders as well.
Key Products
Growth Drivers
- Diversification of sales composition through increased orders for non-steel applications (ceramics, cement, glass, environmental equipment)
- Profit improvement through price revisions
- Proactive sales expansion through increased technical service staff and expanded sales offices
- Strengthening of low-cost, stable supply structure through equipment rationalization (capital expenditure of ¥2,293 million)
- Meeting customer needs through new product development
Risks
- Decrease in orders for steel applications (ceramics and steel orders declined in the cumulative Q3 of FY2026, ending March 2026)
- Cost pressure from rising raw material and fuel costs, primarily due to yen depreciation
- Decrease in orders received of 6.3% year on year (¥23,211 million) and decrease in order backlog of 8.7% year on year (¥9,984 million)
- Risk of dependence on China for raw material procurement and geopolitical risk (instability in Japan-China relations)
- Increase in depreciation expense due to higher capital expenditure (¥1,314 million, up ¥179 million year on year)
Last updated: June 24, 2026