NACHI-FUJIKOSHI CORP.
6474・Prime Market・Machinery
Business
Nachi-Fujikoshi Corp. is a comprehensive machinery manufacturer founded in 1928, operating in three segments: Machine Tools & Tools Business (Tools, Machine Tools, Robots), Components Business (Bearings, Hydraulic Equipment), and Other Business (Specialty Steel, Industrial Furnaces, etc.). The group, comprising 51 subsidiaries and 2 affiliated companies, reported consolidated net sales of ¥235,903 million for FY2025 (ending November 2025). Its main customers are automobile manufacturers and industrial machinery manufacturers; domestically, products are sold directly and through domestic sales companies, while overseas sales are conducted through local sales subsidiaries. Overseas sales amounted to ¥119,938 million, accounting for approximately 50.8% of net sales, reflecting the company's global business operations.
Business Model
Leveraging the strength of its integrated production system established in 1938 covering everything from raw materials to finished products, the company adopts a vertically integrated model in which it manufactures in-house everything from raw materials such as Specialty Steel through to Tools, Bearings, and Robots. Domestically, it combines direct sales to major customers such as automakers with sales through commercial distribution channels, while overseas it sells through a network of local sales subsidiaries. Okaya & Co., Ltd. is a major sales customer accounting for 12.9% of net sales, and the company's performance is structured to move in tandem with capital expenditure cycles in the automotive, industrial machinery, and construction machinery sectors.
Company Strengths
Since its founding in 1928, the company has established a unique position as a comprehensive machinery manufacturer handling Tools, Machine Tools, Robots, Bearings, Hydraulic Equipment, and Specialty Steel under one roof. R&D expenses for FY2025 (ending November 2025) totaled ¥5,439 million (Machine Tools & Tools Business ¥2,800 million, Components Business ¥1,955 million, Other ¥682 million), and the company continues product development that links technologies across all divisions.
The electro-corrosion resistant resin-inserted bearing for EVs received the "Mobility-Related Components Award" at the 2025 Super Monozukuri Parts Awards. Multiple products have also gained external recognition, including the hydraulic unit for machine tools "NS Pack type-S" and the vacuum degreasing cleaning system "NVD-10HP," which received the "Energy Conservation Center Chairman's Award" at the 2025 Energy Conservation Grand Prize.
Starting with the establishment of a U.S. sales subsidiary in 1962, the company has expanded manufacturing and sales sites across Europe, Asia, and South America. It has manufacturing subsidiaries in the U.S., India, Thailand, the Czech Republic, Brazil, and other countries, and overseas sales reached ¥119,938 million (approximately 50.8% of total sales) in FY2025 (ending November 2025). Expansion of sales sites in the U.S. and India is also ongoing.
ENVALITH's Perspective
Performance Trend
Revenue continued to decline from a peak of ¥258,097 million in FY2022 (ended November 2022) to ¥235,903 million in FY2025 (ended November 2025), but turned to a recovery trend in the first half of FY2026 (ending November 2026), reaching ¥124,832 million (up 7.7% year on year). Operating profit improved significantly to ¥6,769 million (up 60.7% year on year) and ordinary profit to ¥6,130 million (up 107.3% year on year) in the first half of FY2026 (ending November 2026). Externally, this was driven by a recovery in demand for construction machinery in Europe, the US, and China, as well as increased demand for industrial machinery in the Americas. The combined effects of fixed cost reductions through structural reforms, pass-through of raw material price increases, and production automation pushed up the profit margin. The full-year forecast has already been revised upward to revenue of ¥255,000 million (up 8.1% year on year) and operating profit of ¥15,300 million (up 56.6% year on year). The equity ratio stood at 51.9%, maintaining financial soundness.
Growth Strategy
Aiming for an operating margin of 10% and an overseas sales ratio of 60% through Robots-centered solutions, expansion of overseas offices, and structural reforms
Leveraging technological synergies among Tools, Machine Tools, Bearings, and Hydraulic Equipment, the company proposes integrated solutions to customers centered on Robots. In the interim period of FY2026 (ending March 2026), demand for Robots increased in the Americas and ASEAN, resulting in Machine Tools & Tools segment sales of ¥39,010 million (up 5.2% year on year).
The company is expanding sales and service offices centered on the United States, aiming to achieve an overseas sales ratio of 60%. Overseas sales in the interim period of FY2026 (ending March 2026) reached ¥65,927 million (up 12.4% year on year), significantly outpacing domestic growth. Progress is being made in capturing demand in the industrial machinery field in the Americas.
The company is advancing global production transfer and consolidation, reorganization of domestic and overseas production sites, optimization of equipment and personnel, and expansion of in-house production. In the interim period of FY2026 (ending March 2026), despite recording structural reform costs of ¥810 million, an operating margin of 5.4% was achieved. Operating profit in the Components segment increased 70.5% year on year, reflecting the emerging effects of structural reforms.
The company is passing on raw material price increases to selling prices while continuing to promote procurement cost reductions. The gross profit margin for the interim period of FY2026 (ending March 2026) improved to 23.9% (from 22.0% in the same period of the previous year), reflecting the effect of price pass-through.
Last updated: July 17, 2026