PEGASUS CO., LTD.
6262・Standard Market・Machinery
Apparel Machinery Business
Core business of PEGASUS, supplying products to the global sewing market as a top brand in chain stitch sewing machines
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥13,831 million | ¥13,853 million | ↓ |
| Segment profit (full year) | ¥1,186 million | ¥1,414 million | ↓ |
| Segment profit margin (full year) | 8.6% | 10.2% | ↓ |
| Segment assets | ¥28,598 million | ¥28,895 million | ↓ |
| Depreciation (full year) | ¥625 million | ¥611 million | ↑ |
Business Details
A business that manufactures and sells chain stitch sewing machines to sewing factories. The company has established a top global brand position in chain stitch sewing machines with elasticity and decorative properties used for sewing knitwear, jeans, and other garments. In addition to domestic manufacturing (the Company and Mihama Seiki), the company has manufacturing bases in China and Vietnam, and operates globally through sales subsidiaries in Singapore, the United States, Europe, and Malaysia. Key markets are South Asia (Bangladesh, India), China, the Americas, and Europe. The company is also working to expand its customer base through the development of labor-saving & digitally controlled sewing machines and the introduction of low-priced strategic models.
Recent Overview
Net sales slightly declined and profit margin worsened due to sluggish conditions in China and Bangladesh, despite steady demand in India and expansion in Latin America
In the Apparel Machinery Business for FY2026 (ending March 2026), net sales were ¥13,831 million (down 0.2% year on year), and segment profit was ¥1,186 million (down 16.1% year on year). Demand in India remained steady, and the company introduced low-priced strategic models in Latin America and worked to expand the market in North Africa (Egypt). On the other hand, in Bangladesh, the trading environment deteriorated due to monetary tightening ahead of the general election, and in China, a wait-and-see attitude toward capital investment continued against the backdrop of an economic slowdown. An increase in selling, general and administrative expenses also pushed down the profit margin.
Key Products
Growth Drivers
- Steady trend in capital investment demand for sewing factory equipment in India
- Development of new customer segments through the introduction of low-priced strategic models in Latin America (Mexico, etc.)
- Efforts to expand the market in North Africa (Egypt)
- Increased demand for high value-added products such as labor-saving & digitally controlled sewing machines due to growing automation and labor-saving needs at sewing factories
- Expansion of target customers and brand strengthening through expanded product lineup
- Support for demand due to production site relocation trends against the backdrop of trade friction in China
Risks
- Risk of prolonged demand slowdown in China due to a wait-and-see attitude toward capital investment and economic stagnation
- Risk of destabilized trading conditions due to deteriorating political and financial environment in Bangladesh
- Risk of delayed demand recovery in South Asia (Bangladesh, India)
- Risk of demand fluctuation associated with the restructuring of the sewing industry supply chain due to U.S. trade policy (tariff measures)
- Risk of intensifying price competition with domestic and overseas competing manufacturers
- Foreign exchange fluctuation risk (due to global sales and overseas manufacturing bases)
Last updated: June 22, 2026