Yoshitake Inc.

Yoshitake Co., Ltd. was founded in 1944 as a manufacturer specializing in automatic control valves, operating through two segments: domestic (Japan Segment) and Asia (Thailand, ASEAN, and China). Its core products are automatic control valves for factory equipment and building facilities, and it also handles energy-saving products such as the "Wise Jacket" and the "Magnet Mixer" for medical and pharmaceutical factories. Manufacturing is carried out by the company itself, its domestic subsidiary Kawaki Instrument Co., Ltd., and its Thai subsidiary Yoshitake Works (Thailand) Co., Ltd. (YWT), and products are supplied throughout ASEAN via a network of sales subsidiaries in Malaysia, Indonesia, Singapore, Vietnam, and China. Main customers are industrial users in the steel, factory equipment, building facilities, medical, and pharmaceutical fields, and in the United States, the company also has a mutual sales arrangement through a joint venture with Armstrong International. The company is listed on the Standard Market of the Tokyo Stock Exchange.

Domestically, the company and its manufacturing subsidiaries sell products they have produced directly across three areas: distribution, end users, and building projects. Overseas, the Thailand plant handles integrated production from casting through assembly, and sales subsidiaries in each ASEAN country sell directly into their respective local markets. The company adopts a build-to-order-forecast production method, achieving stable supply while managing inventory risk. Funding needs are met in principle through internal funds, and the company maintains sound financial health with borrowings outstanding of ¥21 million.

Consolidated net sales for FY2026 (ending March 2026) reached ¥10,343 million (up 5.1% year on year), achieving five consecutive years of revenue growth, while operating profit rose to ¥1,320 million (up 23.5% year on year), a record high. The operating margin improved to 12.8% (from 10.9% in the previous period). Ordinary income surged to ¥2,296 million (up 58.4% year on year), reflecting the recognition of ¥537 million in gains on investments in partnerships, among other factors, and net income attributable to owners of the parent increased substantially to ¥1,478 million (up 58.5% year on year). Domestically, Wise Jacket and Magnet Mixer performed well in the factory equipment market, while overseas, sales to ASEAN countries drove growth. As an external factor, capital expenditure demand related to AI, semiconductors, and decarbonization supported domestic demand, while the disappearance of large-scale steelmaking-related projects and sluggish sales to China served as partial headwinds. Over the five-year period, net sales trended as follows: ¥7,091 million → ¥7,517 million → ¥8,953 million → ¥9,843 million → ¥10,343 million, while operating profit moved as follows: ¥910 million → ¥890 million → ¥875 million → ¥1,069 million → ¥1,320 million, showing a sharp recovery and expansion over the most recent two years.