H-ONE CO.,LTD.

Business Details

Led primarily by H-One Co., Ltd. (the parent company on a standalone basis), this segment manufactures and sells automotive parts centered on Automobile Frames. Its principal customer is the Honda Motor Co., Ltd. group, and its strengths lie in press and welding processing technology and die-making technology. As a domestic production base, it also handles internal sales to other segments; in the prior fiscal year (FY2025, ended March 2025), intersegment internal sales revenue amounted to ¥9,594 million.

Recent Overview

Following the restatement, Japan segment operating profit was revised upward from ¥2,839 million to ¥4,780 million

Due to the restatement of the earnings report dated June 19, 2026, the Japan segment profit (operating profit) for the prior fiscal year (FY2025, ended March 2025) was revised from ¥2,839 million to ¥4,780 million. The adjustment amount was also changed from ¥2,178 million to ¥237 million; however, there was no change to consolidated operating profit of ¥11,860 million, and there is no impact on profit or loss. In addition, Japan segment operating profit for the current fiscal year (FY2026, ending March 2026) was ¥5,074 million (up 6.1% year on year), with cost reduction through structural reforms supporting the increase in revenue.

Key Products

Growth Drivers

• Increase in equipment-related sales accompanying the launch of new models by the principal customer (Honda Motor Co., Ltd. group)
• Reduction in manufacturing costs through structural reforms (lower amortization burden following the drop-off of impairment losses recorded in the prior period)
• Promotion of appropriate pricing
• Increase in order intake and order backlog (order intake of ¥49,735 million, up 103.9% year on year; order backlog of ¥4,416 million, up 141.5% year on year)
• Profitability improvement measures for existing businesses under the medium-term management plan "Change 2027"

Risks

• Risk of revenue concentration in the principal customer (Honda Motor Co., Ltd. group), which accounts for the majority of the group's total revenue
• Risk of temporary decline in Automobile Frame production volume for the principal customer due to semiconductor supply shortages
• Risk of structural changes in demand for existing products accompanying the CASE revolution (electrification and automation) in the automotive industry
• Risk of profit pressure from rising domestic production costs (labor costs, energy costs, etc.)
• Foreign exchange risk (deterioration in export profitability due to yen appreciation)