MK SEIKO CO.,LTD.
5906・Standard Market・Metal Products
Mobility & Service Business
MK Seiko's core segment centered on car wash machines, oil equipment, and LED display units
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full-year, current consolidated fiscal year) | ¥20,592 million | ¥18,881 million | ↑ |
| Segment profit (full-year, current consolidated fiscal year) | ¥2,971 million | ¥2,696 million | ↑ |
| Year-on-year change in net sales | +9.1% | ▲3.5% (vs. two fiscal years prior) | ↑ |
| Share of consolidated net sales | approx. 69% | approx. 67% | ↑ |
Business Details
Manufactures and sells gantry-type car wash machines (for service stations and car dealers), oil equipment such as kerosene delivery tank trucks and various oil change machines, information equipment such as LED display units for stores and construction sites, and refrigerant (freon) charging machines and ozone sterilizing deodorizers. This is the Group's largest segment, accounting for approximately 69% of consolidated net sales, with service stations, car dealers, and road construction-related businesses as its main customers. In FY2026 (ending March 2026), sales of gantry-type car wash machines for service stations significantly exceeded initial expectations due to a government subsidy program, and the segment as a whole achieved a 9.1% year-on-year increase in sales.
Recent Overview
Demand for car wash machines for service stations, driven by government subsidies, significantly exceeded initial expectations, achieving a 9.1% increase in sales
In FY2026 (ending March 2026), Mobility & Service Business net sales were ¥20,592 million (up 9.1% year on year), and segment profit was ¥2,971 million (up 10.2% year on year). Capital investment in gantry-type car wash machines for service stations expanded significantly beyond initial expectations due to the government subsidy program. Sales to car dealers also grew, capturing labor-saving demand. On the other hand, construction site safety equipment fell below the previous fiscal year's results amid intensifying price competition, and sales of LED display units for service stations were also sluggish. In the next fiscal year, while facing the risk of the subsidy effect fading, the company aims to continue growth by strengthening IoT-enabled service capabilities and expanding sales to new industries.
Key Products
Growth Drivers
- Capital investment demand for gantry-type car wash machines for service stations stimulated by the government subsidy program
- Continued capture of labor-saving maintenance demand from car dealers
- Steady demand for oil equipment, centered on air conditioner refreshers
- Stable orders from major customers for large-format digital signage
- Expansion of labor-saving car wash proposals to new industries such as transportation and construction machinery rental businesses
- Market revitalization through detailed service support utilizing IoT
Risks
- Risk that performance is significantly affected by the scope and status of government subsidy programs (in the prior consolidated fiscal year, sales decreased 3.5% year on year due to exclusion from subsidy eligibility)
- Intensifying price competition in construction site safety equipment
- Risk of procurement difficulties and cost increases for petroleum-derived raw materials due to escalating tensions in the Middle East
- Market contraction risk due to the long-term declining trend in the number of service stations
- Rising costs of imported components and raw materials due to yen depreciation
- Risk of sales concentration with Iyasaka Co., Ltd. (a single customer accounting for 10.2% of net sales in the prior consolidated fiscal year)
Last updated: June 11, 2026