OGURA CLUTCH CO.,LTD.
6408・Standard Market・Machinery
Business
Ogura Clutch Co., Ltd. is a clutch and brake specialist manufacturer founded in 1938, structured around two core pillars: the Transportation Equipment Business, which handles automotive components (Clutches for Car Air Conditioners, Powertrain Solenoids, etc.), and the General Industrial Business, which handles clutches and brakes for motors, speed reducers/increasers, and hoisting and conveying machinery. Through 11 consolidated subsidiaries, the company has built a global production and sales network spanning the United States, Europe, China, Thailand, India, the Philippines, and other regions. It offers a product lineup exceeding 5,000 types, with automotive manufacturers and industrial machinery manufacturers as its primary customers. In FY2026 (ending March 2026), consolidated net sales reached ¥41,664 million, with the overseas sales ratio reaching 52.2%.
Business Model
With design and development capabilities at its core—covering everything from small-lot, multi-variant production to mass production in response to specification requirements from automotive and industrial machinery manufacturers—the company combines manufacturing at domestic plants (Kiryu City and Isesaki City, Gunma Prefecture) with overseas subsidiaries (China, Thailand, the Philippines, etc.) to supply components globally. Through cost of sales reduction, withdrawal from unprofitable products, and more sophisticated profitability management, the company is driving a shift in corporate culture from a scale-oriented to a profit-oriented approach, and the operating profit margin improved to 3.3% in FY2026 (ending March 2026).
Company Strengths
Based on clutch and brake manufacturing technology cultivated over more than 80 years since its founding, the company holds a product lineup of over 5,000 types. Through technological integration that transcends the boundary between Transportation Equipment Business and General Industrial Business, it continues to develop new products such as an ultra-compact non-excitation actuated brake for collaborative robots (φ10mm × 9mm overall length) and air pumps for fuel cells.
The company operates consolidated subsidiaries in the United States (Ogura Corporation, Ogura Industrial Corporation), France (Ogura S.A.S.), China (Ogura Clutch (Dongguan) Co., Ltd., Ogura Clutch (Changxing) Co., Ltd., Ogura Precision Electronics (Dongguan) Co., Ltd.), Thailand, India, and the Philippines. In FY2026 (ending March 2026), overseas sales reached ¥21,733 million, achieving an overseas sales ratio of 52.2%, demonstrating the company's ability to serve customers across multiple regions.
Under the policy of "shifting from scale-focused to profit-oriented management," the company implemented withdrawal from unprofitable products, enhanced profitability management, reduced cost of sales (down ¥2,805 million year-on-year), and reduced SG&A expenses (down ¥353 million year-on-year). In FY2026 (ending March 2026), operating profit reached ¥1,381 million (up 197.3% year-on-year), and net income attributable to owners of parent reached ¥1,502 million (up 29.3% year-on-year), achieving a significant improvement.
ENVALITH's Perspective
Performance Trend
Revenue for FY2026 (ending March 2026) was ¥41,664 million (down 5.1% year on year), impacted by a downturn in the Transportation Equipment Business in the U.S. and Asian markets. External factors such as the impact of U.S. tariff policy, the slowdown in the Chinese economy, and geopolitical risks acted as headwinds. On the other hand, improvement in the cost of sales ratio (from 84.6% to 82.5%) and reductions in SG&A expenses led to a substantial improvement in operating profit to ¥1,381 million (versus ¥464 million in the previous period), with the operating margin rising to 3.3% (from 1.1% in the previous period). Net income attributable to owners of the parent also reached ¥1,502 million, the highest level in the past five fiscal periods. For FY2027 (ending March 2027), the company forecasts revenue of ¥43,000 million (up 3.2%), while projecting a substantial decline in operating profit to ¥600 million (down 56.6%), leaving uncertainty regarding the sustainability of the current period's profit level.
Growth Strategy
Strengthening global competitiveness through a shift toward EV- and robot-compatible products and a profit-oriented restructuring of the cost base
Developing and proposing EV-compatible products such as Powertrain Solenoids, Holding Brakes for Motors, and Fuel Cell Blower-Related Products. The company is also expanding product lines that are not dependent on changes in the powertrain system, such as Clutches for Sliding Doors, and is advancing a shift toward a product portfolio that responds to the automotive industry's transition to electrification.
Continuously promoting reductions in cost of sales and SG&A expenses. In FY2026 (ending March 2026), despite a 5.1% decline in net sales, operating profit increased 197.3%, making the shift to a profit-oriented structure evident. For FY2027 (ending March 2027), a conservative forecast of ¥600 million in operating profit has been set in anticipation of a deteriorating external environment, and maintaining the current profit level remains a challenge.
Expanding sales to major industries such as motors, lifting and conveying equipment, speed reducers, shutters, and robots. In FY2026 (ending March 2026), net sales of the General Industrial Business increased 4.1% year on year to ¥12,308 million, and segment profit increased significantly by 221.8% to ¥574 million. The company will continue to differentiate itself through investment in friction material development and new product development leveraging technology integration.
Continuing active sales activities leveraging existing bases in the United States, Europe, Asia, and China. In FY2026 (ending March 2026), sales of the Transportation Equipment Business in the Japanese market increased from ¥11,477 million in the previous fiscal year to ¥12,088 million, confirming the strengthening of the domestic base. A key challenge is optimizing the regional portfolio to offset the decline in the U.S. and Asian markets.
Last updated: July 19, 2026