OGURA CLUTCH CO.,LTD.
6408・Standard Market・Machinery
Transportation Equipment Business
Core business manufacturing and selling clutches, solenoids, and related products for automotive parts
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥28,866 million | ¥31,648 million | ↓ |
| Segment profit | ¥789 million | ¥287 million | ↑ |
| Segment assets | ¥26,490 million | ¥27,447 million | ↓ |
| Depreciation and amortization | ¥1,361 million | ¥1,356 million | — |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥1,285 million | ¥1,202 million | ↑ |
| Segment profit margin | 2.7% | 0.9% | ↑ |
Business Details
Manufactures and sells clutches, solenoids, and other products for the automotive parts industry, including car air conditioners and powertrains. In FY2026 (ending March 2026), this is the core segment accounting for approximately 69% of group net sales. The business operates across a broad range of global markets including the U.S., Asia, Europe, and China, with manufacturing and sales handled by consolidated subsidiaries such as Ogura Corporation (U.S.), Ogura S.A.S. (Europe), Ogura Clutch (Dongguan/Changxing), and Ogura Clutch (Thailand).
Recent Overview
Net sales down 8.8% year on year, but segment profit up 174.1% due to cost improvements
In the Transportation Equipment Business for FY2026 (ending March 2026), although net sales increased in the Japanese market (¥12,088 million, versus ¥11,477 million in the prior period), significant declines in sales in the U.S. (¥7,851 million, versus ¥9,125 million in the prior period) and Asia (excluding China) (¥4,002 million, versus ¥5,599 million in the prior period) caused overall segment net sales to decline to ¥28,866 million, down ¥2,782 million (8.8%) year on year. On the other hand, segment profit increased significantly to ¥789 million, up ¥501 million (174.1%) year on year, due to cost improvements and other factors, resulting in a substantial improvement in profitability.
Key Products
Growth Drivers
- Strengthening development and proposals for EV/xEV-compatible products (powertrain solenoids, holding brakes for motors, fuel cell blowers)
- Expansion of product lines not dependent on powertrain changes, such as clutches for sliding doors
- Active sales activities leveraging the global sales network (U.S., Europe, Asia, China)
- Transition to a profitable business structure through cost improvements and withdrawal from unprofitable products (segment profit margin improved to 2.7% in FY2026, ending March 2026)
- Strengthening the domestic business base through increased sales in the Japanese market (from ¥11,477 million in the prior period to ¥12,088 million in the current period)
Risks
- Medium- to long-term contraction in demand for existing products such as clutches for car air conditioners due to the progress of vehicle electrification
- Decline in sales in the U.S. market (from ¥9,125 million in the prior period to ¥7,851 million in the current period, down 14.0% year on year)
- Decline in sales in the Asian market (excluding China) (from ¥5,599 million in the prior period to ¥4,002 million in the current period, down 28.5% year on year)
- Risk that the impact of U.S. tariff policy poses to export and local production costs
- Impact of the economic slowdown in China on sales to China (¥653 million in the current period, versus ¥697 million in the prior period)
- Foreign exchange rate risk (a high proportion of overseas sales, with transactions denominated in U.S. dollars, euros, Chinese yuan, and Thai baht)
- Risk of impairment of fixed assets (an impairment loss of ¥29 million was recorded on a consolidated basis for the current period)
Last updated: June 25, 2026