ENVALITH
津田駒工業株式会社 logo

TSUDAKOMA Corp.

6217Standard MarketMachinery

津田駒工業株式会社 logo
TSUDAKOMA Corp.6217

Business

TSUDAKOMA Corp. was founded in 1909 and is headquartered in Kanazawa City, Ishikawa Prefecture, as an industrial machinery manufacturer. The company consists of two segments: the Textile Machinery Business (approximately 85% of net sales), centered on Air Jet Looms and Water Jet Looms, and the Machine Tool Related Business (approximately 15% of net sales), centered on the NC Rotary Table (TDB Series, etc.) and other products. Textile machinery targets emerging Asian markets such as China, India, and Pakistan as its main customers, while machine tool equipment is deployed both domestically and overseas for automotive, aerospace, and semiconductor manufacturing equipment applications. The group, including 9 consolidated subsidiaries and 1 affiliated company, has built a global structure with local subsidiaries in China, India, and Europe.

Business Model

The company's core textile machinery is manufactured at domestic plants and exported for sale to emerging markets such as China and India. In China, a local manufacturing subsidiary (TSUDAKOMA Machinery Manufacturing (Changshu) Co., Ltd.) locally produces and sells a portion of the Water Jet Loom, while local subsidiaries in Shanghai and India handle after-sales service. Machine tool equipment, centered on the NC Rotary Table (TDB Series, etc.), is sold to the machine tool, automotive, and electronics industries both domestically and overseas, with the subsidiary TSUDAKOMA Techno Support Co., Ltd. providing repair and after-sales service. The cost of sales ratio remains at a high level of 83.7%, making the simultaneous achievement of price pass-through and cost reduction key to improving profitability.

Company Strengths

The company offers a lineup across multiple loom types—air jet, water jet, and rapier—covering a wide range of applications from industrial materials to premium apparel. At ITMA ASIA+CITME2025 held in October 2025, it unveiled the new towel-weaving "ZAX001neo Terry," which received high acclaim and has been generating steady orders. Local subsidiaries have been established in emerging markets such as China, India, and Pakistan to build a detailed, fine-tuned service structure.

In the Machine Tool Related Business, the company is the only manufacturer offering a lineup of three drive types (worm, direct drive, built-in motor, etc.) optimized for different machining characteristics, providing high-precision NC Rotary Tables. Orders received for FY2025 were maintained at ¥5,279 million, with continued inquiries for large NC Rotary Tables for the U.S. automotive and data center markets.

With over a century of accumulated technology since its founding in 1909 (Meiji 42), the company invested ¥1,391 million in R&D during the fiscal year under review (¥1,044 million for textile machinery and ¥346 million for machine tools). The ZAX001neo Terry achieved a 10% improvement in high-speed performance and a 15% reduction in energy consumption compared to previous models, demonstrating continuous strengthening of product competitiveness.

ENVALITH's Perspective

The company posted operating and ordinary losses for five consecutive periods from the fiscal year ended November 2019 onward, temporarily turning profitable in the fiscal year ended November 2024. However, in the previous fiscal year (fiscal year ended November 2025) and the current interim period (Q2 of the fiscal year ending November 2026), it again recorded an operating loss of ¥89 million and an ordinary loss of ¥87 million. The equity ratio has declined to 9.3%, and net assets remain at only ¥2,619 million. The renewal of borrowings from major financial institutions is incorporated into the funding plan, and maintaining relationships with these financial institutions continues to be a prerequisite for business continuity, warranting ongoing attention.

In the current interim period, overall order intake showed a strong recovery, reaching ¥23,108 million (up 28.1% year on year), while sales remained at only ¥16,525 million (down 4.9% year on year). In the Textile Machinery Business, the deferral of high-margin projects to the next period and the surge in raw material and other costs squeezed operating profit (¥112 million, down 53.6% year on year). The buildup in the order backlog suggests an increase in sales in the second half, but the timing of recognition of high-margin projects and raw material cost trends will be key to achieving the full-year forecast (operating profit of ¥500 million).

The Machine Tool Related Business showed significant improvement, with sales of ¥3,213 million (up 19.0% year on year) and operating profit of ¥354 million (up 113.2% year on year). This was driven by a combination of factors: the resumption of new capital investment in the US automotive industry, demand for domestic semiconductor manufacturing equipment, and new inquiries related to component processing for robots in China. External factors such as the impact of US tariff policy and uncertainty over the situation in the Middle East remain, but leading indicators are favorable, with orders of ¥3,472 million (up 32.6% year on year). The launch of new products at JIMTOF2026 (autumn of FY2026 (ending March 2026)) could serve as the next growth trigger.

Growth Strategy

Building a profitable business structure under Medium-Term Management Plan 2026 through improved profitability, new product launches, and new field development

Targeting three markets—industrial materials, premium sports brands, and general apparel—the company is promoting sales of the Air Jet Loom ZAX001neo Plus, securing large-scale orders for Water Jet Looms in China and Taiwan, and building up orders for preparation machinery for glass fabrics. Orders in the current interim period reached ¥19,635 million (up 27.3% year on year), and results are beginning to show.

The company is promoting horizontal expansion of the NC Rotary Table into non-cutting fields (for processing brittle material workpieces and for inspection use), improving the completeness of the AWC (Auto Work Changer) System, and developing NC Rotary Tables for measuring instruments. Exhibition and sales promotion are planned at JIMTOF2026 (the 33rd Japan International Machine Tool Fair), to be held in autumn FY2026. In the current interim period, both sales and profit increased substantially and progress is favorable.

The company is stabilizing its cash flow by executing cost reduction plans and thoroughly cutting expenses. Through regular explanations of funding plans and progress on the medium-term management plan to major financial institutions, it is maintaining the renewal of borrowings. In the current interim period, operating cash flow was secured at ¥518 million, but financing cash flow was negative ¥947 million due to loan repayments and other factors, and the cash balance decreased to ¥2,909 million.

Last updated: July 17, 2026