AHRESTY CORPORATION
5852・Prime Market・Nonferrous Metals
Business
Arestý Co., Ltd. is a specialist aluminum die-casting manufacturer founded in 1943, listed on the Tokyo Stock Exchange Prime Market. The corporate group consists of the Company and 13 subsidiaries. In its core Die Casting Business (approximately 94% of net sales), the group manufactures and sells automotive die-cast products, molds, and peripheral equipment through a three-region structure spanning Japan, North America, and Asia. Domestically, it operates multiple sites including subsidiaries such as Arestý Tochigi, Kumamoto, and Yamagata; in North America, it operates in Ohio, USA and Mexico; and in Asia, it operates in China (Guangzhou and Hefei) and India. Major customers are automakers, led by SUBARU (12.6% of net sales). The Company also operates the Aluminum Business (refining and selling secondary alloy ingots) and the Finished Products Business (flooring materials for construction) as complementary businesses.
Business Model
Under this business model, the company engages in build-to-forecast production based on customers' preliminary order forecasts, with shipments and revenue recognition occurring as confirmed orders shortly before the delivery instruction date. The company provides integrated value from product design (flow analysis, strength analysis) through mold making, prototyping, and mass production (die casting and machining). In the Aluminum Business, the company refines and sells Secondary Alloy Ingot for Castings, forming a vertically integrated structure that internally supplies raw materials for the Die Casting Business. Approximately 53% of net sales are generated overseas (North America and Asia).
Company Strengths
The company operates 4 domestic sites (Tokai, Tochigi, Kumamoto, Yamagata, etc.), 2 North America sites (Ohio, USA and Mexico), and 3 Asia sites (Guangzhou and Hefei, China, and India). Of the net sales of ¥167,092 million in FY2026 (ending March 2026), overseas sales accounted for ¥88,438 million (approximately 53%). The company has built a supply system closely aligned with the production regions of major automakers.
The company possesses a technical framework covering product design (flow analysis, strength analysis), mold manufacturing, prototyping, and mass production (die casting and machining) on an integrated basis. It is advancing joint development of body parts and EV-related components with GTECT Corporation, with R&D expenses of ¥700 million (up 6.7% year on year). The company continues to work on maturing die casting manufacturing technology for automotive body parts and improving the performance of electric components.
In FY2026 (ending March 2026), the company achieved its first net income in 7 periods, posting net income of ¥3,580 million. Through workforce size optimization, rationalization of the production system, and promotion of price pass-through negotiations, operating profit reached ¥3,739 million (up 10.9% year on year). The equity ratio improved to 41.1% (from 38.7% in the previous period), achieving the financial target of 40% or higher, while securing EBITDA of ¥15,404 million.
ENVALITH's Perspective
Performance Trend
Revenue increased for the 5th consecutive fiscal year, rising from ¥116,313 million in FY2022 (ended March 2022) to ¥167,092 million in FY2026 (ending March 2026) (up 2.6% year on year). Operating profit rose for the 3rd consecutive fiscal year, from ¥2,291 million in FY2024 (ended March 2024) to ¥3,371 million in FY2025 (ended March 2025) to ¥3,739 million in FY2026 (ending March 2026). Net profit attributable to owners of the parent turned positive for the first time in 7 fiscal years, reaching ¥3,580 million. EBITDA was stable at ¥15,404 million (up 2.0% year on year). However, ordinary profit decreased 5.9% year on year to ¥2,865 million due to an increase in non-operating expenses, including higher interest expenses (¥759 million) and syndicated loan fees (¥140 million). For FY2027 (ending March 2027), the company forecasts a substantial decline in operating profit to ¥1,400 million (down 62.6% year on year), reflecting external factors such as soaring raw material and energy prices stemming from the closure of the Strait of Hormuz, the impact of US tariff policy, and structural changes in the Chinese automobile market.
Growth Strategy
A 10-Year Business Plan built on two pillars: a portfolio shift toward EV and body-related components and the achievement of financial targets
Strengthening resilience to order fluctuations through rationalization of the production system, fixed-cost reduction, and productivity improvement. In FY2026 (ending March 2026), segment loss was ¥428 million (significantly improved from the prior period's loss of ¥1,617 million). The company aims to achieve a segment profit of ¥400 million (turning profitable) in its forecast for FY2027 (ending March 2027).
Positioned as a pillar of the 25-27 Medium-Term Management Plan, the company is reviewing its product portfolio in anticipation of vehicle electrification. Efforts are underway to expand the sales ratio for electric vehicles and strengthen entry into body-related components. Specific sales ratio figures have not been disclosed.
The 10-Year Business Plan sets four pillar financial targets: an equity ratio of 40%, a dividend payout ratio of 35%, capital expenditure of ¥140.0 billion, and ROE of 9%. As of the end of FY2026 (ending March 2026), the equity ratio reached 41.0%. Dividend payout ratio was 29.1% (¥42 per share). DOE of 1.5% was introduced as a new indicator.
Absorbing rising energy and labor costs through price pass-through negotiations with customers to secure stable earnings. In FY2026 (ending March 2026), the Japan segment achieved a 13.7% year-on-year increase in segment profit, driven by successful fixed-cost reduction and higher order volumes.
Promoting rationalization of the production system and fixed-cost reduction at the China plant. The company transferred its entire equity interest in Alerthe Precision Mold (Guangzhou) Co., Ltd. effective July 31, 2025, removing it from the scope of consolidation. As a subsequent event, the company plans to record special retirement benefits of approximately ¥500 million in FY2027 (ending March 2027) based on a workforce reduction plan at a consolidated subsidiary in China.
Last updated: July 19, 2026