ENVALITH
アマノ株式会社 logo

Amano Corporation

6436・Prime Market・Machinery

Official website
アマノ株式会社 logo
Amano Corporation6436

Business

Amano Corporation traces its origins to a time recorder manufacturer founded in 1945, and today forms a global group comprising 37 domestic and overseas subsidiaries and 2 affiliated companies, built around two core segments: the Time & Information Systems Business and the Environment-Related Systems Business. The Time & Information Systems Business offers attendance management and payroll software, time recorders, and Parking Systems equipment and operation outsourcing, while the Environment-Related Systems Business provides dust collectors, pneumatic conveying systems for powders and granules, cleaning robots, and other products. Overseas sales account for approximately 48% of total revenue, with manufacturing, sales, and service bases in North America, Europe, and Asia. Major customers span a wide range, including domestic and overseas corporations, public institutions, and parking lot owners.

Business Model

After building a customer base through hardware manufacturing and sales, the company has structured its business to accumulate recurring, subscription-type revenue through workforce management cloud services (Amano Business Solutions), outsourced parking operations (Amano Management Service), and maintenance and supplies. Of the ¥136,925 million in Time & Information Systems Business revenue in FY2026 (ending March 2026), outsourced parking operations continued to expand steadily, while in the environmental systems area, maintenance and supplies revenue grew 11.2% year on year. The company is pursuing a business transformation to move away from dependence on hardware and increase the proportion of recurring revenue.

Company Strengths

Domestic parking lot operation contracts managed by Amano Management Service increased by 33,000 units (up 4.2%) year-on-year at the end of FY2026 (ending March 2026). Accumulated capital investment, operational know-how, and customer relationships form entry barriers, and the company is expanding contracted operations in Asia and Europe as well. The continued increase in contracted parking spaces supports a stock-type earnings base.

Against the backdrop of compliance with work-style reform-related legislation, Amano's standalone attendance management software achieved an 8.8% year-on-year increase in revenue in FY2026 (ending March 2026). In December 2025, the company launched a new high-end product, "TimePro-eX," and also strengthened SAML authentication for its cloud service "VG Cloud." Continued promotion of renewal proposals is driving ongoing revenue contribution.

At the end of FY2026 (ending March 2026), the equity ratio stood at 71.8% and the current ratio at 287.4%, indicating an extremely sound financial base. Operating cash flow secured was ¥24,937 million, and the interest coverage ratio was 100.3 times. The company continues its financial policy of funding capital investment and shareholder returns primarily from its own funds, achieving an ROE of 14.7%.

ENVALITH's Perspective

In FY2026 (ending March 2026), revenue increased only slightly by 0.6% year on year to ¥176,467 million, while operating profit declined to ¥22,551 million (down 2.1% year on year), marking a turn to lower profit. The main cause was a ¥1,871 million increase in selling, general and administrative expenses, from ¥55,869 million to ¥57,740 million. Despite an improvement in the gross profit margin (gross profit rose from ¥78,909 million to ¥80,291 million), operating profit declined, and from a cost management perspective it is necessary to continue monitoring progress on cost efficiency improvements in subsequent periods.

Profit attributable to owners of parent increased significantly to ¥20,146 million (up 13.0% year on year), but the main causes were the recognition of a ¥1,853 million gain on sale of investment securities associated with the reduction of policy cross-shareholdings, and the recognition of deferred tax assets associated with improved performance at a U.S. group company (income taxes-deferred adjustment of ¥1,470 million negative). These are temporary and non-recurring factors, and when evaluating the underlying profit level, trends on an operating profit basis should be given greater weight.

Under the 10th Medium-Term Management Plan (FY2027 through FY2029, ending March 2029), the company targets revenue of ¥200,000 million, operating profit of ¥28,000 million, and ROE exceeding 14% in the final year, FY2029 (ending March 2029). The FY2027 (ending March 2027) forecast (revenue of ¥184,000 million, operating profit of ¥24,000 million) anticipates a recovery, up 4.3% and 6.4% year on year respectively, but geopolitical risks such as uncertainty over U.S. trade policy, the situation in the Middle East, and the slowdown in the Chinese economy remain inherent external factors that pose risks of performance volatility. It should also be noted that the plan's assumptions do not incorporate gains from the sale of policy cross-shareholdings, and net income is forecast to decline 12.6% year on year to ¥17,600 million.

Growth Strategy

Aiming for sales of ¥200,000 million and an operating margin of 14% in FY2029 (ending March 2029) through AI/data utilization and DX promotion

Expanding sales of a new attendance management system product (released December 2025) and capturing public-sector demand related to work-style reform, while pursuing continued growth of cloud services. Information Systems sales in FY2026 (ending March 2026) grew steadily to ¥41,631 million (up 4.2% year on year), driven by software, which increased 8.8% year on year.

Responding to DX needs such as cashless and camera-based parking management and ETCGO, while promoting the rollout of next-generation products centered on data centers. The number of domestic outsourced parking spaces increased by 33,000 from the end of the previous fiscal year (up 4.2%), continuing to expand. Amano McGann in North America achieved full-year profitability thanks to the effect of new products, and overseas Parking Systems also saw increased sales.

Plans to add new robotic vacuum cleaner lineups and expand the functionality of robotic scrubbers are underway, aiming to expand the stock business through cleaning robots combined with cloud services. Clean Systems sales in FY2026 (ending March 2026) decreased 2.0% year on year to ¥13,983 million, affected by a decline in North America, although domestic maintenance and supplies saw increased sales.

In addition to the existing four-pole structure (Asia, North America, Europe, and other regions), the company is promoting the expansion of existing domestic businesses into overseas regions not yet developed. The overseas sales ratio expanded to 48.0% in FY2026 (ending March 2026) (up from 46.9% in the previous fiscal year). Information Systems performed steadily in Europe (France, Belgium, and Spain), and a recovery in demand was also confirmed for Parking in South Korea following political turmoil.

The policy was changed from a payout ratio of 40% or more and a total return ratio of 55% or more to a payout ratio of 60% or more, a total return ratio of 70% or more, and a minimum net asset dividend ratio (DOE) of 2.5%. In FY2026 (ending March 2026), the annual dividend was ¥180 (an increase of ¥5 year on year), achieving a payout ratio of 62.8% and a total return ratio of 85.1%. Share buybacks (¥8,393 million) and cancellation of treasury shares (¥16,257 million) were also carried out.

Last updated: July 19, 2026