ENVALITH
天龍製鋸株式会社 logo

Tenryu Saw Mfg. Co., Ltd.

5945Standard MarketMetal Products

天龍製鋸株式会社 logo
Tenryu Saw Mfg. Co., Ltd.5945

Japan

Core domestic manufacturing and sales segment. Tipped Saw for Housing Materials is the mainstay product.

PeriodCurrentPreviousChange
Revenue (segment total, including internal transfers)¥10,779 million¥10,431 million
Revenue from external customers¥8,560 million¥8,201 million
Segment profit (operating profit)¥620 million¥748 million
Segment assets¥29,771 million¥26,172 million
Depreciation and amortization¥437 million¥387 million
Capital expenditure (increase in tangible and intangible fixed assets)¥419 million¥333 million

Business Details

This is the domestic manufacturing and sales segment operated by TENRYU SAW MFG. CO., LTD. itself. It manufactures and sells saws and blades (tipped saws), with the Tipped Saw for Housing Materials as its mainstay product. Segment revenue (total including internal transfers) of ¥10,779 million corresponds to approximately 80% of the group's total external customer revenue of ¥13,475 million, making it the largest segment supporting the group's revenue base. In addition to domestic sales, it also handles internal transfers to overseas subsidiaries.

Recent Overview

Revenue increased on higher sales of the Tipped Saw for Housing Materials, but operating profit fell 17.1% due to rising costs.

In the Japan segment for FY2026 (ending March 2026), revenue increased mainly due to higher sales of the Tipped Saw for Housing Materials, reaching ¥10,779 million (up 3.3% year on year). On the other hand, rising raw material costs and increased expenses such as personnel costs squeezed profit, resulting in a substantial decline in segment profit (operating profit) to ¥620 million (down 17.1% year on year). Capital expenditure was ¥419 million (up 25.8% year on year), maintaining an active investment stance.

Key Products

product
Tipped Saw for Housing Materials

A tipped saw used for cutting wood and building materials. The main market is domestic housing construction demand, and increased sales during the current period drove segment revenue growth.

product
Tipped Saw for Metal

A tipped saw used for cutting metal materials. This is a major product category alongside the Tipped Saw for Housing Materials.

product
Tipped Saw for Sawmilling & Woodworking

A tipped saw supplied to sawmills and woodworking businesses, addressing wood processing demand both domestically and internationally.

Growth Drivers

  • Increased revenue driven by steady domestic demand for the Tipped Saw for Housing Materials
  • Strengthened sales activities and expanded sales of environmentally friendly, high-value-added products based on the medium-term management plan (FY2024–FY2026)
  • Establishment of a decarbonized production system and CO2 emission reduction through new capital expenditure (¥419 million)
  • Promotion of "development of new products that contribute to reducing environmental impact" and "improvement of existing technologies"
  • Strengthening the role as the group's manufacturing and supply base through internal transfers to overseas subsidiaries

Risks

  • Profit pressure from soaring raw material costs and increased personnel and SG&A expenses (main cause of the 17.1% decline in operating profit for the current period)
  • Demand fluctuation risk dependent on trends in domestic housing starts
  • Spillover effects on the global supply chain from US tariff policy and geopolitical risks
  • Cybersecurity risk, as seen in the ransomware incident at TENRYU AMERICA, INC. (¥17 million in system failure response costs recorded as an extraordinary loss)
  • Increased personnel costs and related expenses toward realizing human capital management and well-being management

Last updated: June 25, 2026