HIRAKAWA HEWTECH CORP.
5821・Prime Market・Nonferrous Metals
Wires & Processed Products
Hirakawa Hewtech's core segment, the wires and cables business, accounting for approximately 87% of consolidated net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥33,520 million | ¥26,214 million | ↑ |
| Segment Profit (Operating Profit) | ¥4,441 million | ¥2,209 million | ↑ |
| Segment Assets | ¥47,813 million | ¥37,674 million | ↑ |
| Depreciation | ¥1,399 million | ¥1,298 million | ↑ |
| Order Backlog | ¥11,384 million | 197.0% year on year | ↑ |
Business Details
Composed of four categories: Equipment Wires & Processed Products, Fine Cables & Processed Products, Power Cords & Power Supply Parts, and Wire Harnesses. The company manufactures and sells cables for supercomputers, servers/storage, medical devices, semiconductor inspection equipment, automotive applications, solar harnesses, and other products both domestically and internationally. It employs a division-of-labor structure in which high-value-added products are produced domestically while mass-produced items are manufactured at overseas sites in China, the Philippines, Vietnam, Mexico, and elsewhere. In the fiscal year under review, net sales were ¥33,520 million (up 27.9% year on year) and segment profit was ¥4,441 million (up 101.0% year on year), achieving substantial growth in both sales and profit.
Recent Overview
Net sales and profit increased substantially due to the consolidation of Yoshinogawa Densen and rapid expansion of North American energy demand.
In July 2025, Yoshinogawa Densen Co., Ltd. was added to the scope of consolidation, increasing industrial equipment cable sales and resulting in a gain on negative goodwill of ¥439 million. On the other hand, an impairment loss of ¥2,471 million was recorded in the Wires & Processed Products segment. In the North American market, sales of solar harnesses to Premier PV, LLC expanded to ¥3,979 million. Orders received reached ¥39,126 million (up 146.9% year on year), and the order backlog reached ¥11,384 million (up 197.0% year on year), reflecting continued robust demand. Production results expanded substantially to ¥25,730 million (up 133.7% year on year).
Key Products
Growth Drivers
- Robust demand for Energy Industry-Related Cables (Solar Harness) driven by construction of large-scale solar power plants in North America
- Recovery in demand for semiconductor inspection equipment and server/storage cables amid expanding generative AI and HPC demand
- Acquisition of new mass-production automotive cable products driven by increasing vehicle electrification and ADAS adoption
- Expansion of the industrial equipment cable business through the consolidation of Yoshinogawa Densen Co., Ltd.
- Strengthening of production capacity and supply capability for automotive cables through construction of a new site in the Philippines
Risks
- Impact on the automotive market and North American sales from revisions to US tariff policy
- Risk of fluctuations in raw material prices such as copper and oil
- Rising prices and supply uncertainty for crude oil and petrochemical products amid escalating tensions in the Middle East
- An impairment loss of ¥2,471 million was recorded in the Wires & Processed Products segment during the period, with the possibility of additional impairment
- Intensifying price competition due to product diversification, shortening product life cycles, and the rise of overseas products
- Impact on local production and sales sites from the slowdown in the Chinese economy
Last updated: June 25, 2026