Onamba Co., Ltd.
5816・Standard Market・Nonferrous Metals
Japan
The largest domestic segment. Recovery in demand for industrial equipment and improved product mix are driving profit growth.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥6,218 million (Q1 FY2026, ending March 2026) | ¥5,720 million (Q1 FY2025, ended March 2025) | ↑ |
| Operating income | ¥390 million (Q1 FY2026, ending March 2026) | ¥347 million (Q1 FY2025, ended March 2025) | ↑ |
| Net sales YoY change | +8.7% | — | ↑ |
| Operating income YoY change | +12.6% | — | ↑ |
| Goods transferred over time (revenue) | ¥322 million (Q1 FY2026, ending March 2026) | ¥308 million (Q1 FY2025, ended March 2025) | ↑ |
Business Details
The Japan segment is the core base of the Group, responsible for the manufacture and sale of Electric Wires & Cables, Wire Harness, Harness Processing Machinery & Parts, and New Energy-related Products. The Company itself and domestic consolidated subsidiaries such as Athlete Denki Co., Ltd. handle the manufacturing and sales functions, supplying products to a wide range of customers including automotive parts, industrial equipment, information and communications, household appliances, and environment-related fields. In the first quarter of FY2026 (ending March 2026), sales to external customers were ¥6,218 million, accounting for approximately 53.9% of consolidated net sales, making it the Group's largest segment.
Recent Overview
The recovery in demand in the industrial equipment market boosted sales of Wire Harness and Electric Wires & Cables, while an improved product mix drove profit growth.
In the first quarter of FY2026 (ending March 2026) (January to March 2026), net sales increased mainly in Wire Harness and Electric Wires & Cables due to a recovery in demand in the industrial equipment market, reaching ¥6,218 million (up 8.7% year on year). In terms of profit, in addition to the profit contribution from higher sales, an improved product mix resulted in operating income of ¥390 million (up 12.6% year on year). The Japan segment thus showed favorable performance, with both sales and profit exceeding the same period of the previous year.
Key Products
Growth Drivers
- Increased sales of Wire Harness and Electric Wires & Cables driven by the recovery in demand in the industrial equipment market
- Improved profit margin due to an improved product mix
- Expanding demand in the environment-related market and increased sales of high-value-added products
- Increased sales of environment-related and automotive-related parts in the Harness Processing Machinery & Parts division
- Development of new systems in the energy field and cultivation of new environment-related system products in the New Energy division
- Strengthening of domestic production bases (capital investment based on the medium-term management plan PROGRESS2026)
- Expansion of goods transferred over time (long-term contract-type revenue)
Risks
- Risk of sales decline due to delayed recovery in some market conditions and inventory adjustments by customers
- Contingent liabilities related to quality defects in certain products (customers have requested that the Company bear inspection and replacement costs, and the impact amount is currently difficult to reasonably estimate)
- Risk of rising manufacturing costs due to soaring raw material prices and exchange rate fluctuations
- Risk of continued weakness in the wire division due to delayed recovery in demand for semiconductor manufacturing equipment, etc.
- Risk of spillover effects on domestic demand due to prolonged weakness in the Chinese market
Last updated: March 30, 2026