ENVALITH
虹技株式会社 logo

KOGI CORPORATION

5603Standard MarketIron & Steel

虹技株式会社 logo
KOGI CORPORATION5603

Casting Field

Kougi Group's core segment. The casting business accounts for approximately 89% of sales composition.

PeriodCurrentPreviousChange
Sales (FY2026 (ending March 2026), full year)¥22,767 million¥23,616 million
Segment profit (FY2026 (ending March 2026), full year)¥888 million¥1,326 million
Segment assets (end of FY2026 (ending March 2026))¥25,594 million¥25,328 million

Business Details

Manufactures and sells steel rolling rolls, ingot molds, automotive die castings, dense bar (continuous cast iron bar), general castings, etc. Domestically, the segment has a wide-ranging presence covering shipbuilding, steel, automotive, machine tool, and civil engineering industries, while overseas, Chinese subsidiaries (Tianjin Kouki Casting Co., Ltd. and Nantong Kouki Casting Co., Ltd.) manufacture and sell automotive press die castings. Consolidated subsidiary Koguchi Alloy Casting Co., Ltd. handles aluminum alloy castings for semiconductor manufacturing equipment.

Recent Overview

Weak automotive die casting and semiconductor equipment demand caused both sales and profit to fall below the prior period.

For the full year of FY2026 (ending March 2026), Casting Field sales were ¥22,767 million (prior period: ¥23,616 million, down 3.6% year on year), and segment profit was ¥888 million (prior period: ¥1,326 million, down 33.0% year on year), representing a significant decline in profit. The main causes were the decline in automotive press die castings due to postponement or cancellation of new vehicle development plans by domestic automakers, and weak demand for semiconductor manufacturing equipment at Koguchi Alloy Casting Co., Ltd. On the other hand, large castings for overseas aerospace and energy-related machine tools trended favorably.

Key Products

product
Steel Rolling Rolls

Demand from major domestic electric furnace maker customers remained solid, but demand from domestic blast furnace makers and export orders was weak, resulting in sales for FY2026 (ending March 2026) falling below the prior period.

product
Molds (for Forging/Special Steel)

Forging molds for shipbuilding trended steadily, but demand for special steel molds struggled to grow, resulting in sales for FY2026 (ending March 2026) remaining roughly in line with the prior period.

product
Automotive Press Die Castings

Due to postponement or cancellation of new vehicle development plans by domestic automakers, domestic sales for FY2026 (ending March 2026) fell significantly below the prior period. Chinese subsidiaries (Tianjin Kouki Casting and Nantong Kouki Casting) worked to secure orders amid deteriorating economic conditions and intensifying competition in China, but sales remained roughly flat compared to the prior period.

product
Large Industrial Machinery Castings

Demand for press machines and general-purpose small-to-medium machine tools was weak, while demand for large machine tools related to overseas aerospace and energy applications trended favorably, resulting in sales for FY2026 (ending March 2026) exceeding the prior period.

product
Dense Bar (Continuous Cast Iron Bar)

Demand struggled to grow both domestically and overseas, resulting in sales for FY2026 (ending March 2026) remaining roughly in line with the prior period.

product
Small Castings

Machinery and water supply-related demand was solid, while sewage, underground line iron covers, and civil engineering materials struggled to grow, resulting in sales for FY2026 (ending March 2026) remaining roughly in line with the prior period.

product
Aluminum Alloy Castings (Koguchi Alloy Casting Co., Ltd.)

Demand for semiconductor manufacturing equipment applications trended weak, resulting in sales for FY2026 (ending March 2026) falling significantly below the prior period.

Growth Drivers

  • Expanding demand for large castings used in overseas aerospace and energy-related machine tools
  • Continued solid demand for forging molds for shipbuilding
  • Stable order intake for rolls from domestic electric furnace makers
  • Recovery of automotive press die casting demand as domestic automakers' new vehicle development plans normalize
  • Promotion of cost pass-through and profitability improvement measures through product price corrections
  • Order securing and sales expansion in the Chinese market by Chinese subsidiaries (Tianjin Kouki Casting and Nantong Kouki Casting)

Risks

  • Risk of fluctuating demand for automotive die castings due to postponement of new vehicle development plans by major domestic automakers and the shift to EVs
  • Risk of deteriorating earnings at Chinese subsidiaries due to China's economic slowdown and intensifying competition with rivals
  • Risk of fluctuating demand for rolls and molds depending on capital investment trends in the steel industry
  • Risk of fluctuating demand for aluminum alloy castings for semiconductor manufacturing equipment (Koguchi Alloy Casting Co., Ltd.)
  • Risk of earnings pressure from soaring raw material and energy costs
  • Risk of continued weakness in roll orders for domestic blast furnace makers and exports

Last updated: June 25, 2026