NIKKI CO.,,LTD.
6042・Standard Market・Transportation Equipment
Gas Equipment Business
Core business manufacturing and selling gas fuel control equipment such as ECUs and injectors
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥3,125 million | ¥3,103 million | ↑ |
| Operating profit (full year, FY2026 (ending March 2026)) | ¥231 million | ¥143 million | ↑ |
| Operating margin (full year, FY2026 (ending March 2026)) | 7.4% | 4.6% | ↑ |
| Segment assets (end of FY2026 (ending March 2026)) | ¥10,428 million | ¥10,385 million | ↑ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥394 million | ¥417 million | ↓ |
Business Details
Manufactures and sells ECUs (Electronic Control Units), Injectors and Injection Systems, Mixers, Vaporizers, Regulators, and other products. The segment has manufacturing and sales networks in Japan and overseas, with the Company, Shenyang Nikki Carburetor Co., Ltd. (China), and NIKKI (THAILAND) CO.,LTD. handling manufacturing, and Nikki Soltec Service Co., Ltd., NIKKI KOREA CO.,LTD. and others handling sales. Major customers are Shanghai Taizi Meiya Trading Co., Ltd. (¥939 million in sales for the fiscal year under review) and Global Component Technology Corporation (¥925 million). Sales regions include Japan, China, South Korea, and the United States, among others.
Recent Overview
Net sales increased slightly and operating profit improved substantially by 61.6%, driven by higher sales to the Chinese market
In the Gas Equipment Business for the full year of FY2026 (ending March 2026), net sales increased only slightly to ¥3,125 million (up 0.7% year on year) due to increased sales of products for the Chinese market and other factors, while operating profit improved substantially to ¥231 million (up 61.6% year on year). By region, sales to China increased significantly to ¥938 million (from ¥621 million in the prior period), while sales to the United States decreased to ¥268 million (from ¥292 million in the prior period). The top two major customers were Shanghai Taizi Meiya Trading Co., Ltd. (¥939 million) and Global Component Technology Corporation (¥925 million).
Key Products
Growth Drivers
- Increased sales of products for the Chinese market (sales to China of ¥938 million in the current period, up 51% year on year)
- Improved export profitability due to the underlying yen depreciation trend (exchange rates moved more toward yen depreciation than expected)
- Stable business foundation with Shanghai Taizi Meiya Trading Co., Ltd. and Global Component Technology Corporation
- Active rollout of new sales promotion activities and price revisions based on profitability reviews by product
- Improved profitability due to reduced depreciation expense (from ¥417 million in the prior period to ¥394 million in the current period)
Risks
- Risk of a slowdown in the Chinese economy (declining demand in the Chinese market due to a prolonged real estate downturn)
- Sluggish sales to the U.S. market (¥268 million in the current period, down from ¥292 million in the prior period)
- Structural changes in demand for gas fuel equipment amid the shift toward decarbonization and carbon neutrality
- Foreign exchange risk (deterioration in export profitability if the yen appreciates)
- Impact on supply and demand from the materialization of geopolitical risks (prolonged Russia-Ukraine conflict, escalating tensions in the Middle East)
- Risk of deterioration in the export environment due to changes in U.S. trade policy
Last updated: June 26, 2026