GALILEI CO.LTD.
6420・Prime Market・Machinery
GALILEI CO.LTD. (Single Segment)
A single business entity providing integrated manufacturing, sales, and service of refrigeration and freezing equipment and facilities
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥138,616 million | ¥130,639 million | ↑ |
| Operating Income | ¥17,078 million | ¥16,572 million | ↑ |
| Ordinary Income | ¥17,943 million | ¥17,175 million | ↑ |
| Net Income Attributable to Owners of Parent | ¥12,197 million | ¥12,008 million | ↑ |
| Operating Margin | 12.3% | 12.7% | ↓ |
| Equity Ratio | 73.4% | 72.4% | ↑ |
| Net Assets per Share | ¥2,825.95 | ¥2,558.19 | ↑ |
| Earnings per Share | ¥304.33 | ¥299.79 | ↑ |
| Total Assets | ¥154,427 million | ¥141,562 million | ↑ |
| Net Assets | ¥113,392 million | ¥103,206 million | ↑ |
| Cash Flow from Operating Activities | ¥12,088 million | ¥10,375 million | ↑ |
| Cash and Cash Equivalents at End of Period | ¥42,451 million | ¥52,828 million | ↓ |
| Annual Dividend per Share | ¥82.00 | ¥74.00 | ↑ |
Business Details
The corporate group's core operations consist of the manufacturing and sale of refrigerators/freezers, refrigerated & frozen showcases, large food processing machinery, and refrigeration panel equipment, together with the sale of medical & scientific products and service maintenance. The group's primary customers are in the foodservice industry, distribution industry, food manufacturing industry, and cold-chain logistics industry, and it provides integrated cold-chain solutions ranging from product manufacturing to installation and maintenance. The group comprises 19 consolidated subsidiaries (domestic and overseas), with domestic sales accounting for over 90% of total revenue. Effective April 1, 2025, the company transitioned to a holding company structure and changed its trade name to GALILEI CO.LTD.
Recent Overview
FY2026 (ending March 2026) achieved higher revenue and profit; the company transitioned to a holding company structure, and further increases in revenue and profit are forecast for the next fiscal year
In FY2026 (ending March 2026), the company achieved growth at every profit level: net sales of ¥138,616 million (up 6.1% year on year), operating income of ¥17,078 million (up 3.1%), ordinary income of ¥17,943 million (up 4.5%), and net income attributable to owners of parent of ¥12,197 million (up 1.6%). Large Panel Refrigeration Equipment Sales (up 15.7% year on year) and Small Panel Refrigeration Equipment Sales (up 21.1%) were the main drivers, while Large Food Processing Machinery Sales (down 11.1%) was a drag on results. Net income was restated following a correction to corporate income taxes and other items (corrective disclosure dated May 19, 2026). Effective April 1, 2025, the company transitioned to a holding company structure. For FY2027 (ending March 2027), the company forecasts net sales of ¥144,923 million (up 4.5% year on year) and operating income of ¥17,154 million (up 0.4%). The year-end dividend was increased by ¥8 to ¥82 per share compared with the previous fiscal year.
Key Products
Growth Drivers
- Expansion of Food Service Sales, including commercial refrigerators/freezers and dishwashers, driven by continued inbound demand in the foodservice industry
- Continued energy-saving renovation demand in the distribution industry (showcases for supermarkets and drugstores)
- Continued construction demand for cold-chain logistics bases and refrigerated/frozen warehouses driven by the logistics "2024 problem" (large and small panel refrigeration equipment)
- Increasing investment demand for automation and labor-saving solutions due to labor shortages in the food manufacturing industry (large food processing machinery)
- Stable expansion of service maintenance sales (expansion of maintenance contracts and 10-year refrigerant gas leak warranty)
- Strengthened supply capacity and improved customer responsiveness following completion of the new distribution center at the Okayama plant (June 2025)
- Establishment of increased production capacity for next-generation, high-performance products through construction of a new refrigerated & frozen showcase plant in Konan City, Shiga Prefecture
- Overseas business expansion starting with a local production pilot project in India (adopted for a Ministry of Economy, Trade and Industry subsidy), under the GALILEI Global Vision 2030 (targeting net sales of ¥20 billion and an operating margin of 10% in FY2030)
- Realization of group synergies, use of M&A, and enhanced independence of individual businesses through the transition to a holding company structure
Risks
- Continued upward pressure on manufacturing costs due to rising material costs, labor costs, logistics costs, and construction costs
- Risk of a decline in the number of large-scale projects in large food processing machinery (down 11.1% year on year in FY2026, ending March 2026)
- Deterioration in capital expenditure sentiment due to geopolitical risks such as U.S. trade policy
- Suppression of capital expenditure in the distribution industry due to strengthened consumer thrift-consciousness amid price increases
- Foreign exchange fluctuation risk related to overseas parts procurement
- A significant decrease in cash and cash equivalents to ¥42,451 million, as cash outflow from investing activities reached ¥19,089 million (approximately double the prior year)
- Operational risk in financial reporting procedures, as seen in the restatement of corporate income taxes and other items (corrective disclosure dated May 19, 2026)
- Increased group management costs and organizational restructuring risk associated with the transition to a holding company structure
Last updated: June 24, 2026