Shinko Wire Company, Ltd.
5660・Standard Market・Iron & Steel
Specialty Steel Wire Related Business
Core segment of Shinko Wire Company manufacturing and selling PC steel wire, spring steel wire, and related products
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (to external customers) | ¥17,913 million | ¥18,044 million | ↓ |
| Net Sales (including intersegment) | ¥18,590 million | ¥18,624 million | ↓ |
| Operating Income | ¥283 million | ¥485 million | ↓ |
| Segment Assets | ¥17,522 million | ¥17,388 million | ↑ |
| Depreciation | ¥587 million | ¥550 million | ↑ |
| Increase in Tangible/Intangible Fixed Assets (Capital Expenditure) | ¥554 million | ¥513 million | ↑ |
Business Details
Manufactures and sells PC-Related Products (PC steel wire, PC steel strand wire, cable processed products, etc.) and Spring & Specialty Wire Related Products (spring steel wire, plated steel wire, stainless steel wire, specialty metal wire, etc.). With a customer base spanning a wide range of industries including civil engineering, bridges, automobiles, and printers, this is the largest segment, accounting for approximately 54% of the group's total net sales to external customers. Main raw materials are procured from the parent company Kobe Steel, Ltd. via trading companies, and a portion of manufacturing is outsourced to affiliated companies.
Recent Overview
Decline in sales volume combined with rising costs led to a sharp decrease in operating income of ¥201 million year on year
In the Specialty Steel Wire Related Business for FY2026 (ending March 2026), net sales were ¥17,913 million (down ¥130 million year on year), and operating income was ¥283 million (down ¥201 million year on year). Sales volume of PC-Related Products declined as orders and construction starts remained weak in both civil engineering/bridges and private construction. Spring & Specialty Wire Related Products were impacted by weak sales by Japanese automakers in China and declining demand for printers destined for Europe. On the other hand, Fibex Co., Ltd. was newly consolidated as a subsidiary, aiming to expand the business foundation.
Key Products
Growth Drivers
- Improving profitability by pursuing sales price revisions in response to rising costs
- Increase in repair/reinforcement projects due to aging bridges and infrastructure (PC-Related Products)
- Enhancing competitiveness by strengthening the provision of products matching market needs
- Developing new markets and fostering new businesses, including in the new energy field
- Expanding the business foundation through the consolidation of Fibex Co., Ltd. as a subsidiary
- Strengthening cost competitiveness by promoting productivity improvement measures
Risks
- Continued decline in the number of new construction orders in the public works field
- Sluggish demand for automotive steel wire due to weak sales by Japanese automakers in China
- Long-term decline in automotive demand due to the ongoing shift from gasoline vehicles to new energy vehicles
- Impact on exports and related markets due to uncertainty in U.S. trade policy
- Continued rise in various costs, including raw materials and labor costs
- Construction delays in the private construction field due to declining housing starts and labor shortages
- Weak demand due to declining sales to Europe and inventory adjustments by printer manufacturers
Last updated: June 25, 2026