MORITA HOLDINGS CORPORATION
6455・Prime Market・Transportation Equipment
Fire Trucks & Vehicles
The core segment of Morita Holdings handling the manufacture and sale of fire trucks and vehicles domestically and overseas
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales | ¥71,689 million (FY2026, ending March 2026) | ¥66,415 million (FY2025, ending March 2025) | ↑ |
| Segment Profit | ¥8,167 million (FY2026, ending March 2026) | ¥6,834 million (FY2025, ending March 2025) | ↑ |
| Segment Assets | ¥65,790 million (FY2026, ending March 2026) | ¥60,002 million (FY2025, ending March 2025) | ↑ |
| Orders Received | ¥73,021 million (FY2026, ending March 2026) | ¥71,169 million (FY2025, ending March 2025) | ↑ |
| Order Backlog | ¥48,214 million (end of FY2026, ending March 2026) | ¥44,207 million (end of FY2025, ending March 2025) | ↑ |
| Goodwill Amortization | ¥591 million (FY2026, ending March 2026) | ¥572 million (FY2025, ending March 2025) | ↑ |
| Unamortized Goodwill Balance | ¥0 million (end of FY2026, ending March 2026) | ¥575 million (end of FY2025, ending March 2025) | ↓ |
Business Details
The Fire Trucks & Vehicles Business is centered on the manufacture and sale of fire trucks, based on demand from domestic municipalities while also expanding into overseas markets. In FY2026 (ending March 2026), sales to external customers were ¥71,689 million, accounting for approximately 61.5% of the group's total sales of ¥116,596 million, making it the largest segment. Against a backdrop of steady domestic sales, both sales and segment profit achieved substantial year-on-year increases, driving the group's renewal of its all-time high operating profit.
Recent Overview
Steady domestic sales drove a 7.9% increase in sales and a 19.5% increase in segment profit; goodwill fully amortized
In FY2026 (ending March 2026), sales of domestic fire trucks and vehicles progressed steadily, with sales increasing by ¥5,274 million year on year to ¥71,689 million (up 7.9%), and segment profit increasing by ¥1,332 million year on year to ¥8,167 million (up 19.5%). Orders received also increased to ¥73,021 million (up 2.6% year on year), and the order backlog grew to ¥48,214 million (up 9.1% from the prior fiscal year-end), providing strong visibility into future sales. In addition, goodwill attributable to the Fire Trucks & Vehicles segment was fully amortized (balance reduced to zero) at the end of the fiscal year, eliminating the future amortization burden.
Key Products
Growth Drivers
- Continued solid orders for domestic municipal fire trucks and vehicles (FY2026 orders received of ¥73,021 million and order backlog of ¥48,214 million, both at record-high levels)
- High visibility of future sales due to the accumulation of order backlog
- Development and demonstration of next-generation products such as EV fire pumper trucks and the AI-based on-site command support system
- Profit boost effect going forward from the complete amortization of goodwill (elimination of the approximately ¥591 million annual amortization burden)
- Continued expansion into overseas markets
Risks
- Impact on overseas business from U.S. trade policy and exchange rate fluctuations
- Risk of delayed supply of parts and raw materials such as chassis (an issue that materialized in the prior fiscal year)
- Cost increase pressure from rising energy and raw material prices
- Risk of declining demand for fire truck and vehicle replacement due to worsening fiscal conditions of domestic municipalities
- Impact on the supply chain and overseas business from heightened geopolitical risk
Last updated: June 19, 2026