JRC Co.,Ltd.
6224・Growth Market・Machinery
Conveyor Business
JRC's largest revenue pillar. Responsible for conveyor parts manufacturing/sales and solution provision.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue (External Customers) - FY2027 (ending March 2027) 1Q Cumulative | ¥1,936 million | ¥1,877 million (FY2026 (ending March 2026) 1Q Cumulative) | ↑ |
| Segment Profit (Operating Profit Basis) - FY2027 (ending March 2027) 1Q Cumulative | ¥452 million | ¥464 million (FY2026 (ending March 2026) 1Q Cumulative) | ↓ |
| Segment Profit Margin - FY2027 (ending March 2027) 1Q Cumulative | 23.3% | 24.7% (FY2026 (ending March 2026) 1Q Cumulative) | ↓ |
| Segment Revenue (External Customers) - Full Year (Reference: Prior Year Actual) | ― | ¥10,186 million (FY2026 (ending March 2026) Full Year) | — |
| Segment Profit (Operating Profit Basis) - Full Year (Reference: Prior Year Actual) | ― | ¥2,577 million (FY2026 (ending March 2026) Full Year) | — |
Business Details
Designs, manufactures, and sells conveyor parts such as idlers, rollers, and pulleys for large-scale industrial applications including steelworks, cement plants, mines, and power plants. Given the consumable nature of these parts, which wear out quickly and require periodic replacement, the business secures recurring revenue while promoting higher value-added offerings through a three-pillar model of "Parts × Solutions × Maintenance." Overseas expansion into the Southeast Asian market is also accelerating, with a new production base established in Vietnam, currently preparing for the start of operations.
Recent Overview
Replacement and renewal projects remained solid, but the segment profit margin declined slightly year-on-year after the segment classification change.
In the first quarter of FY2027 (ending March 2027) (March–May 2026), the Conveyor Business recorded revenue of ¥1,936 million (up 3.1% year-on-year) and segment profit of ¥452 million (down 2.5% year-on-year). While replacement demand remained solid and orders for renewal/improvement projects were also favorable, profit declined slightly. Note that, in conjunction with the introduction of the company system starting this first quarter, the business of the former Takahashi Kikan Kogyo has been transferred to the Environmental Energy Business, and the year-on-year comparison is based on restated figures reflecting the revised segmentation. The Vietnam production base (JRC Vietnam Co., Ltd.) was established as of May 29, 2026, giving concrete shape to the Southeast Asia expansion.
Key Products
Growth Drivers
- Continued solid order intake for replacement demand, renewal projects, and improvement projects (cement plants, limestone mines, steelworks, etc.)
- Diversification of revenue opportunities and higher value-added offerings through the "Parts × Solutions × Maintenance" three-pillar model
- Strengthening of the sales base through repeat demand capture leveraging the agent network and deepening relationships with existing customers
- Acceleration of market share capture in the Southeast Asian market through establishment of the Vietnam production base (JRC Vietnam Co., Ltd.)
- Creation of new revenue sources through expansion into peripheral areas such as remote monitoring
Risks
- Rising manufacturing costs due to surging raw material and energy prices
- Constraints on project handling capacity due to labor and engineer shortages in the domestic conveyor market
- Geopolitical risk and uncertainty in local market development associated with overseas expansion (Southeast Asia)
- Startup cost and operational delay risk associated with the new Vietnam production base
- Reduction in the standalone revenue scale of the Conveyor Business due to the segment classification change (transfer of the former Takahashi Kikan Kogyo business to the Environmental Energy Business)
Last updated: May 27, 2026