AICHI CORPORATION
6345・Prime Market・Machinery
Specialty Vehicles
Aichi Corporation's core segment handling new vehicle sales of aerial work platform vehicles and other specialty vehicles
| Period | Current | Previous | Change |
|---|---|---|---|
| Specialty Vehicles sales (external customers, current fiscal year) | ¥44,652 million | ¥46,027 million | ↓ |
| Specialty Vehicles sales (including internal, total, current fiscal year) | ¥46,304 million | ¥48,641 million | ↓ |
| Specialty Vehicles segment profit (gross profit basis) | ¥7,608 million | ¥8,621 million | ↓ |
Business Details
A new vehicle sales business that manufactures and sells hole-digging & pole-erecting trucks and aerial work platform vehicles for electric power, electrical, and telecommunications construction work, as well as aerial work platform vehicles for construction/cargo handling use, skid steer loaders, and other specialty vehicles. The segment's main customers are the domestic and overseas electric power industry and construction industry, and it also supplies OEM products to its parent company (ITOCHU Corporation) and Toyota Industries Corporation. The segment also expands overseas through its Chinese subsidiary and other overseas subsidiaries.
Recent Overview
Specialty Vehicles sales decreased 3% year-on-year due to the rebound effect from prior-period carryover sales
In FY2026 (ending March 2026), external customer sales of Specialty Vehicles were ¥44,652 million, a decrease of ¥1,375 million (3%) year-on-year. The main cause was the rebound effect from the carryover sales recorded in the prior-period first quarter cumulative period, which resulted from the resolution of the truck-mounted aerial work platform vehicle chassis certification issue. Segment profit also decreased by ¥1,013 million year-on-year to ¥7,608 million. On the other hand, the Parts & Repair segment offset this decline with increased revenue and profit, and the consolidated results overall secured increased revenue and profit.
Key Products
Growth Drivers
- Creating revenue opportunities by extending the value chain in the domestic market through services, leasing, used vehicle sales, etc.
- Strengthening the development of overseas markets (China, New Zealand, etc.)
- Entry into the maintenance leasing business and expansion of the used vehicle business through collaboration with ITOCHU Corporation
- Cost improvement through continued productivity enhancement and cost reduction activities
- Plans to improve production efficiency through new factory construction and reorganization of existing factories aimed at achieving zero CO2 emissions
- Business expansion targeting consolidated net sales of ¥63,000 million (up 5.7% year-on-year) for FY2027 (ending March 2027)
Risks
- Risk of fluctuations in demand from the electric power industry (a downturn following the one-time consumption of carryover demand after resolution of the certification issue)
- Continued cost pressure from persistently high raw material prices, labor costs, and parts prices
- Certification and regulatory risk related to chassis for truck-mounted aerial work platform vehicles
- Uncertainty surrounding the U.S. President's trade policy and the impact of tariff policy on demand
- Shortages of imported raw materials such as crude oil and naphtha and increased fuel costs due to escalating tensions in the Middle East
- Disruption to the global supply chain due to the continued deterioration of Japan-China relations
- Inventory risk due to the adoption of a build-to-forecast production method
Last updated: June 18, 2026