TSUBAKIMOTO CHAIN CO.
6371・Prime Market・Machinery
Chain
Tsubakimoto Chain's core segment with global operations in industrial chain products
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥99,830 million | ¥94,254 million | ↑ |
| Operating profit (full year) | ¥15,353 million | ¥15,585 million | ↓ |
| Operating margin (full year) | 15.4% | 16.2% | ↓ |
| Orders received (full year) | ¥101,598 million | ¥92,779 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥7,690 million | ¥5,747 million | ↑ |
| Segment assets | ¥131,334 million | ¥109,946 million | ↑ |
Business Details
A core business that manufactures and sells Drive Chain / Conveyor Chain, Sprocket / Timing Pulley, Cable/Hose Support & Guide Systems, and other products. It supplies a wide range of industries in Japan and overseas, including manufacturing, logistics, food, and automotive, and has manufacturing and sales bases in Japan, the Americas, Europe, the Indian Ocean Rim, and China, among others. It accounted for approximately 33.7% of consolidated net sales in FY2026 (ending March 2026), making it the largest segment. From January 2026, Daido Kogyo Co., Ltd. was newly consolidated as a subsidiary, expanding the scale of the business.
Recent Overview
Sales increased in Japan, the Americas, Europe, and the Indian Ocean Rim, but operating profit declined due to weakness in China and Germany
In the Chain segment for FY2026 (ending March 2026), sales increased in Japan, the Americas, Europe, and the Indian Ocean Rim, resulting in net sales of ¥99,830 million (up 5.9% year on year) and orders received of ¥101,598 million (up 9.5% year on year), achieving increases in both revenue and orders. On the other hand, due to the weak economic environment in China and Germany, among other factors, operating profit declined slightly to ¥15,353 million (down 1.5% year on year). In addition, following the organizational restructuring effective April 1, 2026, the Chain segment is scheduled to be integrated with Motion Control into the new "Power Transmission" segment starting from the following consolidated fiscal year.
Key Products
Growth Drivers
- Capturing global demand through increased sales in Japan, the Americas, Europe, and the Indian Ocean Rim
- Expansion of the scale of the chain business and creation of synergies through the consolidation of Daido Kogyo Co., Ltd. as a subsidiary (January 2026)
- Increased demand for Cable/Hose Support & Guide Systems and other products due to the growing adoption of automation and labor-saving production lines
- Promotion of a globally optimized production and sales system and strengthened collaboration with overseas locations
- Business structure transformation emphasizing profitability and strengthening of management foundations under the next medium-term management plan
Risks
- Risk of weak demand due to a downturn in the Chinese economy and stagnant domestic demand (in the current period as well, the weak economic environment in China put pressure on operating profit)
- Risk of decreased sales due to structural adjustment pressure in the European economy, including Germany
- Risk of trade environment uncertainty and increased corporate costs due to U.S. tariff policy
- Risk of erosion of overseas sales and profits due to exchange rate fluctuations (a shift toward yen appreciation)
- Risk of profit pressure due to cost increases such as rising labor costs
- Risk of business integration and administrative cost increases associated with the reorganization into the "Power Transmission" segment starting from FY2027 (ending March 2027)
Last updated: June 25, 2026