ENVALITH
西部電機株式会社 logo

Seibu Electric & Machinery Co., Ltd.

6144Standard MarketMachinery

西部電機株式会社 logo
Seibu Electric & Machinery Co., Ltd.6144

Conveyance Machinery

Labor-saving solutions business manufacturing and selling conveyance systems for logistics and production sectors

PeriodCurrentPreviousChange
Net sales (full year, FY2026 (ending March 2026))¥13,195 million¥11,220 million
Segment profit (full year, FY2026 (ending March 2026))¥1,142 million¥1,035 million
Segment profit margin (full year, FY2026 (ending March 2026))8.7%9.2%
Orders received (full year, FY2026 (ending March 2026))¥12,179 million¥13,923 million
Segment assets (end of FY2026 (ending March 2026))¥9,416 million¥9,381 million

Business Details

A segment engaged in the manufacture, sale, and repair of Logistics Systems (Automated Warehouses & Sorting Systems) and Conveyance Equipment. Against a backdrop of smaller-lot logistics and labor shortages centered on the e-commerce industry, the segment provides automated warehouses, Picking Systems, and solutions for the production and logistics fields. Its customer base spans a wide range of industries including food logistics, automotive parts, semiconductor-related, and homebuilders, and it also focuses on repeat orders from existing customers and expansion of Service & Maintenance.

Recent Overview

Net sales rose 17.6% year on year to ¥13,195 million, a record high level, but orders received fell 12.5% year on year

In FY2026 (ending March 2026), deliveries to the food logistics industry, automotive parts industry, semiconductor-related industry, and homebuilder properties contributed, and net sales achieved substantial growth to ¥13,195 million (up 17.6% year on year). On the other hand, although orders were secured from the FA equipment industry, machine tool industry, and food manufacturing industry, orders received fell below the prior year to ¥12,179 million (down 12.5% year on year). Segment profit increased to ¥1,142 million (up 10.3% year on year), but the profit margin declined to 8.7% from 9.2% in the prior year.

Key Products

product
Logistics Systems (Automated Warehouses & Sorting Systems)

Provides automated warehouses and sorting systems for a wide range of industries including food logistics, automotive parts, and homebuilders. Deploys solutions addressing labor-saving and operational efficiency needs.

product
Picking System

Proposes Picking Systems using new products to the FA equipment industry, machine tool industry, food manufacturing industry, and others. Also addresses transport demand for the semiconductor-related industry.

product
Conveyance Equipment

Manufactures and sells various conveyance equipment for production lines and logistics sites. Has a track record of deliveries to the semiconductor-related industry and properties for homebuilders.

service
Service & Maintenance

Provides after-sales service and maintenance to existing customers. Contributes to securing repeat orders and a stable earnings base.

Growth Drivers

  • Continued expansion of investment demand for automation, labor-saving, and operational efficiency against a backdrop of labor shortages centered on the logistics industry
  • Increasing transport demand for the semiconductor-related industry
  • Repeat orders from existing customers and expansion of the Service & Maintenance business
  • Diversification of the customer base through delivery track records across a wide range of industries including food logistics, automotive parts, and homebuilders
  • Acquisition of new orders through solution proposals such as Picking Systems utilizing new products

Risks

  • Impact on future sales from a year-on-year decline in orders received (down 12.5% year on year to ¥12,179 million in FY2026 (ending March 2026))
  • Declining trend in segment profit margin (8.7% in FY2026 (ending March 2026) versus 9.2% in the prior year)
  • Cost pressure risk from soaring raw material and transportation costs
  • Risk of intensifying competition in the logistics industry and delays in customers' capital investment decisions
  • Risk of customers curbing investment due to rising crude oil prices and logistics instability stemming from worsening conditions in the Middle East

Last updated: June 25, 2026