HISAKA WORKS, LTD.
6247・Prime Market・Machinery
Heat Exchanger Business
Core business of Hisaka Works manufacturing and selling Plate Heat Exchangers (PHE) for multiple industries
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥17,229 million | ¥16,152 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥988 million | ¥1,342 million | ↓ |
| Segment assets (full year, FY2026 (ending March 2026)) | ¥22,110 million | ¥23,135 million | ↓ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥819 million | ¥646 million | ↑ |
| Orders received (full year, FY2026 (ending March 2026)) | ¥17,193 million | ¥16,793 million | ↑ |
Business Details
A business that manufactures and sells Plate Heat Exchangers (PHE) and other products used for heating and cooling fluids, supplying a wide range of industries including chemicals, shipbuilding, food, air conditioning, and power generation equipment. While capturing domestic and overseas maintenance demand, the segment primarily targets carbon-neutral-related markets such as CO2 capture and LNG-related applications, as well as the electric power sector. Production capacity strengthening is being promoted through the restructuring of the Konoike Plant.
Recent Overview
Net sales rose 6.7% year on year to a new record level, but segment profit fell 26.4% due to restructuring costs and other factors
Net sales for FY2026 (ending March 2026) reached ¥17,229 million (up 6.7% year on year), achieving an increase driven by the contribution from a large-scale overseas LNG-related project and strong domestic maintenance activity. On the other hand, segment profit declined significantly to ¥988 million (down 26.4% year on year), mainly due to costs related to the restructuring of the Konoike Plant and provisions recorded for strategic sales purposes. Orders received rose slightly to ¥17,193 million (up 2.4% year on year). Although there was a decline reflecting the prior-year strength in shipbuilding-related orders and capital expenditure restraint in the chemical industry, this was offset by large-scale overseas CO2 capture plant projects and large-scale electric power projects.
Key Products
Growth Drivers
- Continued expansion of domestic and overseas maintenance demand (strong performance in domestic maintenance projects)
- Capture of large-scale overseas projects related to LNG, CO2 capture plants, and the electric power sector
- Enhanced production capacity and improved responsiveness to demand following completion of the Konoike Plant restructuring
- Expansion into carbon-neutral-related markets (CO2 capture, hydrogen production, etc.)
- Continued capture of air-conditioning-related and large-scale overseas plant projects
Risks
- Pressure on profit due to costs related to the Konoike Plant restructuring and provisions recorded for strategic sales purposes (main cause of the 26.4% decline in segment profit in FY2026 (ending March 2026))
- Risk of order volatility due to a decline reflecting the reversal of large-scale shipbuilding and chemical plant projects
- Increased fixed cost burden due to higher depreciation expenses (up ¥173 million year on year) associated with the Konoike Plant restructuring
- Rising manufacturing costs due to soaring raw material prices and wage increases
- Impact on overseas demand and profitability from geopolitical risks and exchange rate fluctuations
Last updated: June 25, 2026