THE JAPAN STEEL WORKS, LTD.
5631・Prime Market・Machinery
Industrial Machinery
The core segment of The Japan Steel Works, comprising resin machinery, molding machines, defense equipment, and electronic device equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥226,248 million | ¥199,045 million | ↑ |
| Operating Income | ¥20,039 million | ¥17,576 million | ↑ |
| Operating Margin | 8.9% | 8.8% | ↑ |
| Segment Assets | ¥259,896 million | ¥242,694 million | ↑ |
| Capital Expenditures (Increase in Tangible and Intangible Fixed Assets) | ¥13,029 million | ¥12,502 million | ↑ |
| Orders Received | ¥248,213 million | ¥258,542 million | ↓ |
| Order Backlog (Period-End) | ¥360,910 million | ¥338,945 million | ↑ |
Business Details
Manufactures, sells, and provides maintenance for resin manufacturing and processing machinery (pelletizers, twin-screw compounding extruders, etc.), plastic injection molding machines/blow molding machines, defense-related equipment, electronic device-related equipment (laser annealing systems, etc.), and railway couplers/buffers. This core business, with an extensive domestic and overseas sales and service network, accounts for approximately 82% of consolidated Group net sales. Net sales to external customers for FY2026 (ending March 2026) were ¥226,248 million.
Recent Overview
Driven by defense-related and electronic device equipment, net sales rose 13.7%, with the order backlog building up to ¥360,910 million
In FY2026 (ending March 2026), supported by an ample order backlog, the segment achieved net sales of ¥226,248 million (up 13.7% year on year) and operating income of ¥20,039 million (up 14.0% year on year). Defense-related equipment grew substantially, with net sales of ¥46,930 million (up 45.6% year on year), and Other Industrial Machinery (including ELA systems for FPDs) also grew significantly, with net sales of ¥41,563 million (up 50.7% year on year). On the other hand, delays in investment decisions stemming from U.S. tariff policy affected orders for resin manufacturing and processing machinery, and total segment orders received were ¥248,213 million (down 4.0% year on year). The period-end order backlog remained at a high level of ¥360,910 million (up 6.5% year on year), providing support for sales recognition in future periods.
Key Products
Growth Drivers
- Continued progress in sales recognition backed by an ample order backlog (¥360,910 million at the end of FY2026 (ending March 2026), up 6.5% year on year)
- Continued high-level demand for defense-related equipment under the government's policy to strengthen defense capabilities
- Rapid expansion in orders for electronic device-related equipment (Other Industrial Machinery) such as ELA systems for FPDs
- Steady demand for various plastic processing machinery amid the realization of a low-carbon society and a plastic resource-recycling society
- Overseas expansion of molding machines leveraging a global sales and service network
Risks
- Sluggish orders for resin manufacturing and processing machinery due to delays in investment decisions stemming from U.S. tariff policy
- Risk of year-to-year fluctuation in orders due to concentration of large-scale orders for defense-related equipment (orders received in FY2026 (ending March 2026) fell 24.6% due to the base effect of a large prior-period order)
- Decline in orders and sales for molding machines (orders received down 3.1% year on year and net sales down 3.1% year on year in FY2026 (ending March 2026))
- Intensifying competition and geopolitical risk in the Chinese market
- Impact on operating margin from revisions to cost allocation, including head office expenses
Last updated: June 19, 2026