MAEZAWA KYUSO INDUSTRIES CO.,LTD.
6485・Standard Market・Machinery
Water Supply Equipment Business
Core business of Maezawa Kyoso Industries engaged in the manufacture and sale of water supply equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales | ¥16,860 million | ¥17,070 million (reference value for prior consolidated fiscal year) | ↓ |
| Segment profit | ¥5,080 million | ¥5,381 million (reference value for prior consolidated fiscal year) | ↓ |
| Segment profit margin | 30.1% | 31.5% (reference value for prior consolidated fiscal year) | ↓ |
| Segment assets | ¥13,558 million | ¥13,073 million (reference value for prior consolidated fiscal year) | ↑ |
| Depreciation and amortization | ¥253 million | — | — |
| Increase in property, plant and equipment and intangible assets | ¥358 million | — | — |
Business Details
Manufactures and sells water supply equipment (Saddle-type Service Taps, Stop Valves & Various Fittings, etc.) used to draw tap water from water distribution pipes (water mains) laid under roads into the premises of houses and other buildings. The main sales channel is water distribution pipe replacement work ordered by water utilities, in which the company holds a high market share. Copper is the main raw material, and international copper price trends directly affect the cost structure. In FY2026 (ending March 2026), segment sales were ¥16,860 million and segment profit was ¥5,080 million, making this the core business accounting for 53.2% of total company sales and 68.0% of total segment profit.
Recent Overview
Both sales and profit declined year on year due to soaring copper prices and sluggish housing demand
In FY2026 (ending March 2026), segment sales were ¥16,860 million and segment profit was ¥5,080 million, down 1.2% and 5.6%, respectively, compared to the prior consolidated fiscal year (reference value comparison). Soaring prices of copper, the main raw material, created a difficult business environment in terms of cost. While the company continued steady product delivery for water distribution pipe replacement work ordered by water utilities and focused on proposal activities for products with superior seismic resistance and constructability, and also worked to appropriately reflect cost increases in selling prices, sluggish demand for new housing and the impact of rising material prices and wages on construction order volumes prevented an increase in sales.
Key Products
Growth Drivers
- Replacement of aging water pipes (renewal demand): Continuous renewal demand for water pipes laid during the period of rapid economic growth
- Expansion of seismic resistance demand: Growing need for seismic-resistant products based on the "New Vision for Water Supply"
- Continued revision of selling prices: Securing profitability through appropriate pass-through of increases in copper prices, energy costs, and transportation costs
- Stable product delivery for water distribution pipe replacement work: Securing continuous orders from water utilities
- Maintaining high market share: Stable sales base backed by competitive advantage within the industry
Risks
- Soaring prices of copper, the main raw material: Risk of cost increases due to sustained high international copper prices and yen depreciation
- Decline in new housing starts: Downward pressure on sales due to a plateau in new demand accompanying population decline
- Budget constraints of water utilities: Risk that order volumes for distribution pipe replacement work are affected by administrative budgets
- Spillover of rising material prices and wages: Risk that cost increases affect order volumes from water utilities
- Rising energy and transportation costs: Cost pressure from increases in electricity and other energy costs and transportation costs
Last updated: June 24, 2026