Canare Electric Co.,Ltd.
5819・Standard Market・Nonferrous Metals
Japan
Core segment responsible for the group's manufacturing and domestic sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales to external customers (cumulative Q1 FY2026, ending December 2026) | ¥1,611 million | ¥1,917 million (cumulative Q1 FY2025, ending December 2025) | ↓ |
| Segment profit (cumulative Q1 FY2026, ending December 2026) | ¥336 million | ¥459 million (cumulative Q1 FY2025, ending December 2025) | ↓ |
| Sales to external customers (full year FY2025, ending December 2025) | ¥6,475 million | — | — |
| Segment profit (full year FY2025, ending December 2025) | ¥1,265 million | — | — |
Business Details
Canare Electric's Japan segment is responsible for the manufacturing and domestic sales of Broadcasting & Communication Cables, Harness, Connector, and Equipment (Passive & Electronic). Manufacturing subsidiaries (Canare Harness, Canare Connected Products, and Canare System Works) handle production, while the Company handles sales to the domestic market. The main customers are the broadcasting market, the electrical construction market, and the distribution market, and in the first quarter of FY2026 (ending December 2026), sales to external customers accounted for approximately 50% of the entire group, making it the largest segment.
Recent Overview
Decline in NHK-related projects weighed on the broadcasting market, resulting in a sharp 16.0% year-on-year decline in domestic sales
In the first quarter of FY2026 (ending December 2026), in the electrical construction market, the Nagoya International Conference Center renovation project and fiscal year-end delivery projects progressed as planned, and sales remained on par with the previous year. On the other hand, in the broadcasting market, although system renewal projects were largely executed as planned, the decrease from the NHK project recorded in the previous period could not be offset, resulting in domestic sales of ¥1,611 million (down 16.0% year on year) and segment profit of ¥336 million (down 26.7% year on year), representing a decline in both revenue and profit.
Key Products
Growth Drivers
- Continued capture of large-scale renovation projects (such as the Nagoya International Conference Center) and fiscal year-end delivery projects in the electrical construction market
- Securing stable orders through the planned execution of system renewal projects in the broadcasting market
- Expansion of Cable and Connector demand through new market development such as automotive and machine vision
- Enhancement of added value through the development of customized solution businesses for each customer
- Strengthening new product promotion activities for optical products and electronic equipment, and promotional activities for AV console products
- Development and promotion of next-generation growth products such as IT network-related products
Risks
- Demand concentration risk, whereby performance is affected by capital expenditure trends in the broadcasting and electrical construction industries
- Risk of sales fluctuation due to the completion or reduction of large-scale projects (such as NHK projects)
- Risk of rising manufacturing costs due to fluctuations in the prices of raw materials such as copper
- Risk of increased supply chain costs due to rising domestic logistics costs
- Risk of rising SG&A expenses due to increased personnel costs associated with wage increases, etc.
- Risk of increased expenses due to aggressive sales promotion activities, product development, and human capital investment
Last updated: March 26, 2026