HIRANO TECSEED Co,.Ltd.
6245・Standard Market・Machinery
Coating Machine-Related Equipment
The company's largest segment, centered on coating and laminating equipment for the North American EV market
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (full-year FY2025, ended March 2025) | ¥42,021 million | ¥37,375 million | ↑ |
| Segment profit (full-year FY2025, ended March 2025) | ¥2,543 million | ¥3,168 million | ↓ |
| Segment assets (full-year FY2025, ended March 2025) | ¥34,635 million | ¥31,968 million | ↑ |
| Depreciation (full-year FY2025, ended March 2025) | ¥548 million | ¥496 million | ↑ |
| Order backlog (end of FY2025, March 2025) | ¥40,336 million | ¥55,800 million (estimated, end of prior period) | ↓ |
Business Details
Handles the manufacture and sale of Coating & Laminating Equipment (manufacturing equipment for secondary battery electrodes, magnetic tape, composite films for packaging, adhesive tape, synthetic leather, flooring, wallpaper, decorative boards, insulation boards, etc.), various drying and heat treatment equipment, as well as Maintenance & After-Sales Service and various ancillary construction work. Sales account for approximately 87% of consolidated total, making this the core segment, with EV-related capital investment for the North American market (particularly the US and Canada) serving as the primary demand driver. Affiliated companies are Hirano Giken Kogyo, Hirano K&E, and HIRANO AMERICA, INC.
Recent Overview
Orders and sales declined sharply due to the EV market slowdown and North American policy uncertainty; cumulative Q3 sales fell 39.7% year on year
Sales for the nine months ended December 2025 (cumulative Q3 of FY2026, ending March 2026) were ¥20,460 million (down 39.7% year on year). Of this, domestic sales were ¥4,237 million (up 354.1% year on year) and export sales were ¥16,222 million (down 50.8% year on year). Due to the global EV market slowdown and the shift in US policy, major customers revised their capital investment plans, resulting in orders received of ¥9,393 million (down 54.9% year on year) and an order backlog of ¥22,038 million (down 45.4% from the end of the prior period). In addition, customer cancellations reduced the order backlog by ¥7,229 million. Segment profit was ¥2,353 million (down 4.1% year on year); the decline in profit was somewhat mitigated by the revision of order terms on certain projects.
Key Products
Growth Drivers
- Large-scale capital investment demand for the North American EV and secondary battery markets (accumulation of orders during the recovery phase)
- Steady performance of equipment for display-related optical film processing
- Increase in domestic order backlog (domestic order backlog of ¥6,230 million at end of Q3, up 15.0% from end of prior period)
- Active expansion of order-taking activities in regions outside North America, such as Asia
- Improved profit margins from revised order terms on certain projects
Risks
- Prolonged slowdown in the North American EV market and stalled capital investment due to uncertainty over US tariff and trade policy
- Risk of major customers revising or canceling capital investment plans (cumulative cancellations of ¥7,229 million through cumulative Q3)
- Rising costs for industrial materials and labor, and increased storage and outsourcing costs associated with delivery delays
- Concentration of export sales in North America (high export ratio, vulnerable to geopolitical and foreign exchange risk)
- Reduced visibility of future sales due to sharp decline in order backlog (down 45.4% from end of prior period)
Last updated: June 24, 2026