AIDA ENGINEERING, LTD.
6118・Prime Market・Machinery
Business
AIDA Engineering, founded in 1917, is a manufacturer specializing in press machines, with its core business being the manufacturing, sales, and service of metal forming machinery (forging machinery). The company operates a five-region structure covering Japan, China, Asia, the Americas, and Europe, with 22 consolidated subsidiaries, providing General-Purpose Presses, high-speed precision presses, and servo presses to manufacturers in the automotive, electrical, and electronic components industries. As a forming system builder that integrates press machine units with automation & transfer systems (FA equipment), industrial robots, dies, and after-sales service (Maintenance/Modernization), the company recorded consolidated net sales of ¥78,647 million for FY2026 (ending March 2026).
Business Model
Initial revenue is generated through the design, manufacture, and sale of press machines, followed by continuous revenue secured through the Service Business, which covers maintenance, parts replacement, and modernization retrofits of existing machines. In addition, value is enhanced by offering presses and automation/transfer systems (FA) as an integrated package, while a new revenue source is being cultivated through the DX support subscription "Ai CARE." Required funds are covered mainly through internal resources, maintaining a sound financial base with an equity ratio of 69.0%.
Company Strengths
The company has built a global structure with manufacturing bases and sales/service networks in Japan, China, Asia, the Americas, and Europe, comprising 22 consolidated subsidiaries. The acquisitions of HMS Products Co. in April 2025 and Dallas Industries in October 2025 strengthened the automation equipment supply system in the Americas, with Americas sales reaching ¥21,943 million, up 20.3% year on year.
A key differentiator from competitors is the ability to provide press machines together with automation & transfer systems (FA) and Service (Maintenance/Modernization) as an integrated offering. In FY2026 (ending March 2026), gross profit rose 9.4% year on year to ¥17,547 million, driven by an improved business mix and higher press gross margin, reflecting the improvement in the earnings structure.
The company has developed and rolled out "Ai CARE Edge," which supports edge computing, an RFID-based die management system, and an AI press camera system. With R&D expenditure of ¥1,013 million, the company is building the foundation for a subscription business that supports digitalization, predictive maintenance, and safety management at press sites.
ENVALITH's Perspective
Performance Trend
Revenue increased for five consecutive periods, from ¥62,466 million in FY2022 (ended March 2022) to ¥78,647 million in FY2026 (ending March 2026). However, the revenue growth rate has slowed to 3.5%, indicating a decelerating trend. Operating profit increased to ¥5,690 million (up 2.9% year on year), maintaining growth, with the operating margin at 7.2%, roughly flat versus 7.3% in the prior period. On the other hand, net income turned to a decline, falling to ¥4,260 million (down 16.5% year on year), mainly due to temporary factors such as a decrease in gains from the sale of cross-shareholdings and the reversal of tax effects. As external factors, a slowdown in EV-related capital investment and U.S. tariff policy suppressed press machine orders, while a weaker yen boosted the yen-equivalent value of overseas sales. Operating cash flow improved to ¥8,201 million (from ¥6,512 million in the prior period), and cash and cash equivalents increased to ¥36,662 million.
Growth Strategy
Transforming the earnings structure through the build-out of a North American automation machine supply framework, expansion of the Service Business, and the medium-term management plan "AIDA Growth 30"
In FY2026 (ending March 2026), the company successively acquired HMS Products Co. (Automation & Transfer Systems (HMS Products Co.)) and Dallas Industries (Coil Feeding Systems (Dallas Industries)), building a framework in North America to provide integrated press and automation machine solutions. Total investment in this series of Americas-related deals is expected to reach ¥5,000 million. The company aims to pursue synergies through joint operation of plants and equipment, leveraging the geographical advantage of proximity to the Detroit area.
After-sales service revenue from maintenance, modernization, parts replacement, and similar activities expanded to ¥19,645 million in FY2026 (ending March 2026), up 7.3% year on year. The company is also promoting the development of the AI-driven "Ai CARE" (AIDA Data Analytics System "Ai CARE") subscription business. Raising the proportion of high-gross-margin Service Business revenue has become a structural driver of overall profitability improvement.
The new medium-term plan "AIDA Growth 30" emphasizes balancing growth investment with shareholder returns, targeting a DOE (dividend on equity ratio) of 3% or higher. In FY2026 (ending March 2026), the year-end dividend was increased from ¥37 to ¥39 (dividend payout ratio of 50.3%). The company also carried out share buybacks of ¥3,000 million, aiming to improve capital efficiency while maintaining an equity ratio of 69.0%.
The decline in EV-related investment was a factor suppressing orders in FY2026 (ending March 2026), but the company is promoting new product development, including large precision presses (BEX) for hydrogen power generation, and enhancing solution value-add through the development of automation systems incorporating AI. Through strengthened global collaboration, the company aims to capture demand over the medium to long term.
Last updated: July 19, 2026