Yushin Company

Since entering the removal robot industry in 1978, the company has established 14 subsidiaries across the United States, South Korea, Taiwan, China, Malaysia, Thailand, India, Indonesia, Vietnam, the United Kingdom, Sweden, Germany, and other countries. The global network built through years of accumulated specialization in this field is a proprietary asset that competitors cannot easily replicate in a short period, and it supports the steady accumulation of Parts & Maintenance Services revenue.

As of the end of FY2026 (ending March 2026), the company held no interest-bearing debt, maintaining a high equity ratio with net assets of ¥34,787 million and total assets of ¥39,832 million. Even during the phase when operating profit declined significantly, the company secured cash and cash equivalents of ¥6,928 million, and the financial capacity to fund aggressive investment in human capital and R&D from retained earnings is a source of competitive advantage.

In FY2026 (ending March 2026), consolidated orders received increased 10.2% year on year to ¥25,251 million, and the order backlog reached ¥7,691 million, up 38.8% from the end of the previous fiscal year. In particular, the order backlog in the United States surged 228.4% from the end of the previous fiscal year to ¥1,099 million, and in Europe it rose 131.8% to ¥1,746 million, functioning as a leading indicator suggesting that the current period's sales slump may be temporary.

Using WEMO Automation AB (Sweden) as a foothold, the company aims to increase market share in Europe while expanding global share through accurate market information gathering in other regions as well. In FY2026 (ending March 2026), the Europe segment struggled, with sales down 49.7% year on year and an operating loss of ¥354 million; an impairment loss related to WEMO AB has already been recorded. Turnaround efforts are an urgent priority.

Capturing automation demand driven by labor shortages and rising labor costs both domestically and overseas, the company is promoting expanded sales of Custom-Order Machines (Labor-Saving Systems). In FY2026 (ending March 2026), orders received rose sharply to ¥5,179 million (up 86.9% year on year), with the order backlog surging to ¥3,169 million (up 175.1% from the previous fiscal year-end), and conversion to sales is expected from the following fiscal year onward. The company is strengthening its internal structure to enhance its capacity to respond to increased orders.

The company is strengthening sales activities to appeal to a wide range of users regarding the advantages of Cartesian-coordinate robots, aiming to capture new demand beyond removal robots. This initiative leverages the existing manufacturing and sales structure, and expansion of the product lineup is expected to broaden the customer base.

Leveraging the global network across four regions, the company is steadily building up revenue from Parts & Maintenance Services in line with the increasing number of units in operation. In FY2026 (ending March 2026), Parts & Maintenance Services sales grew steadily to ¥4,992 million (up 5.2% year on year), functioning as stable recurring revenue less susceptible to economic fluctuations.

The company continues to actively recruit and develop personnel and invest in research and development with an eye toward medium- to long-term growth. In FY2026 (ending March 2026), increased personnel expenses and R&D expenses weighed on profit, but this is regarded as a forward-looking investment aimed at strengthening future product competitiveness. Four subcommittees under the Sustainability Committee (human rights, compliance, IT risk countermeasures, and crisis management) were also established in March 2025.