AMADA CO.,LTD.
6113・Prime Market・Machinery
Business
AMADA CO., LTD. is a comprehensive manufacturer of metal processing machinery and metal cutting machine tools founded in 1946, forming a corporate group comprising the company along with 100 subsidiaries and 3 affiliated companies. In its core Metal Processing Machinery Business, the company offers sheet metal products such as laser machines, press brakes, and micro welding equipment, while its Metal Cutting Machine Tools Business handles band saw machines, grinding machines, and press machines. In 2025, the company successively made H&F Co., Ltd. (large servo presses) and Via Mechanics, Ltd. (semiconductor substrate drilling machines) into subsidiaries, expanding its business domain. Overseas sales account for approximately 64% of revenue, and the company operates as a global enterprise with direct sales and direct service networks built across North America, Europe, and Asia. Its main customers span the manufacturing industry broadly, including data center-related, automotive, aerospace, and semiconductor sectors.
Business Model
Amada operates direct sales and direct service locations worldwide, pursuing a lifecycle business model that builds up After-sales Service / Finance revenue through consumables (dies, saw blades), maintenance services, and the IoT service "V-factory," in addition to machine unit sales. In North America, lease and finance services are also provided through its finance subsidiary, Amada Capital. The company maintains customer touchpoints even after product sales, creating a structure that secures continuous revenue.
Company Strengths
The company operates 100 subsidiaries across North America, Europe, Asia, and other regions, building a direct sales and direct service system. Overseas revenue for FY2026 (ending March 2026) reached ¥281,293 million (64.3% of total revenue), and its global customer base and sales/service network constitute a distinctive competitive advantage that is difficult for competitors to replicate in a short period.
The company operates a laser oscillator factory at its Fujinomiya Plant, offering high-power laser machines built around its proprietary fiber laser technology. R&D expenses totaled ¥6,784 million in FY2026 (ending March 2026), funding development of AI-equipped cooperative control systems and automatic programming software "VPSS 4ie," among others. Its broad product lineup, spanning sheet metal processing, micro welding, cutting, grinding, and pressing, addresses diverse customer processing needs.
Under the previous medium-term management plan, the company executed major M&A transactions involving Via Mechanics (semiconductor substrate processing) and H&F (large servo presses), expanding its order backlog to ¥211,433 million in FY2026 (ending March 2026), up 56.7% year on year. The order backlog in the Press segment surged to ¥42,581 million, approximately 4.3 times the previous fiscal year's level, forming an accumulating order base expected to convert into future revenue.
ENVALITH's Perspective
Performance Trend
Revenue trended as follows: ¥312,658 million in FY2022 → ¥365,687 million in FY2023 → ¥403,500 million in FY2024 → ¥396,670 million in FY2025 → ¥437,372 million in FY2026. Revenue declined temporarily in FY2025, but FY2026 achieved 10.3% revenue growth thanks to the contribution of M&A (H&F, Via Mechanics). Meanwhile, operating profit peaked at ¥56,507 million in FY2024, then declined for two consecutive fiscal years to ¥49,076 million in FY2025 and ¥44,798 million in FY2026. External factors such as US tariff policy, the European economic slowdown, and stagnation in the EV market put pressure on earnings from existing businesses. Profit attributable to owners of parent also declined, from ¥40,638 million in FY2024 to ¥30,554 million in FY2026. The company forecasts a shift to increased profit in FY2027 (ending March 2027), with operating profit of ¥48,000 million (up 7.1% year on year).
Growth Strategy
Aiming to realize the Long-Term Vision 2030 through three pillars: M&A, new products, and global expansion
Under the three-year plan formulated in May 2023, revenue of ¥400.0 billion was set as a mandatory target. In FY2026 (ending March 2026), revenue reached ¥437,372 million, exceeding the target. The next fiscal year plans for ¥460,000 million. Improving profitability (recovery of operating margin) remains an ongoing challenge.
Consolidated H&F (large presses, acquisition consideration ¥17,700 million, made a subsidiary in May 2025) and Via Mechanics (drilling machines/laser processing machines for semiconductors, acquisition consideration ¥51,000 million, made a subsidiary in July 2025). Full-year contribution from both companies is expected to materialize in FY2027 (ending March 2027), driving growth in revenue and profit for the Press segment and Others segment.
Capturing capital investment demand for data center switchboards, server racks, and semiconductor manufacturing equipment-related products, primarily in North America and Asia, through the Sheet Metal segment, Press segment, and Via Mechanics. In FY2026 (ending March 2026), North America revenue reached ¥120,592 million (up 6.2% year on year), and Asia and Others reached ¥78,317 million (up 41.9% year on year), demonstrating results.
Under the policy of a consolidated dividend payout ratio target of 50% and DOE of 3% to 5%, the dividend for the next fiscal year has been set at ¥64 per share (an increase from ¥62 in the current fiscal year). In May 2026, a share buyback with an upper limit of 25,000,000 shares and ¥50.0 billion was resolved (to be conducted from June 2026 to March 2027), aiming to improve capital efficiency and enhance shareholder returns simultaneously.
Last updated: July 19, 2026