NITTAN Corporation
6493・Standard Market・Transportation Equipment
Small Engine Valves
NITTAN's core segment. Globally deployed small engine valve manufacturing and sales business.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (to external customers, full year) | ¥41,476 million (FY2026, ending March 2026) | ¥44,644 million (FY2025, ended March 2025) | ↓ |
| Segment Profit (Operating Income) (full year) | ¥3,841 million (FY2026, ending March 2026) | ¥2,354 million (FY2025, ended March 2025) | ↑ |
| Segment Assets | ¥50,765 million (end of FY2026, ending March 2026) | ¥52,181 million (end of FY2025, ended March 2025) | ↓ |
| Depreciation (full year) | ¥3,394 million (FY2026, ending March 2026) | ¥3,776 million (FY2025, ended March 2025) | ↓ |
| Increase in Tangible/Intangible Fixed Assets (Capital Expenditure) (full year) | ¥3,143 million (FY2026, ending March 2026) | ¥2,489 million (FY2025, ended March 2025) | ↑ |
Business Details
Core business manufacturing and selling engine valves for passenger cars, two-wheeled vehicles, trucks, buses, general-purpose products, and other applications. In addition to domestic manufacturing, the company maintains a global manufacturing framework with overseas facilities in Taiwan, China, Indonesia, Thailand, Vietnam, India, the United States, and Poland. In FY2026 (ending March 2026), sales to external customers accounted for approximately 80% of consolidated net sales. The segment consists of three categories: engine valves for four-wheeled vehicles, engine valves for two-wheeled vehicles, and general-purpose engine valves.
Recent Overview
Net sales decreased 7.1% year on year, but operating income rose sharply, up 63.2% year on year, driven by improved profitability.
In FY2026 (ending March 2026), net sales to external customers were ¥41,476 million (down 7.1% year on year). Factors reducing sales included decreased orders and order diversion at the North American facility due to trade policy, along with sluggish automobile sales at certain facilities in ASEAN countries and China. Meanwhile, segment profit rose sharply to ¥3,841 million (up 63.2% year on year). Contributing factors to the profit improvement included the effect of yen depreciation on currency translation, improved profitability at the North American facility, the effect of increased sales of hollow-stem engine valves, and domestic sales price revisions.
Key Products
Growth Drivers
- Increased orders for hollow-stem engine valves for four-wheeled vehicles (for Europe and domestic markets)
- Sales recovery following the end of production adjustments for general-purpose engine valves
- Optimization of sales prices at domestic and overseas facilities (passing on cost increases through pricing)
- Normalization and improvement of profitability at the North American facility
- Expansion of production capacity and stable supply of high-value-added products through strengthened capital investment at the India facility
- Advancement of VISION I (advancement of the ICE domain) under the mid- to long-term management vision "NITTAN Challenge 10"
- Stable demand for internal combustion engine components backed by continued HEV/PHEV demand
Risks
- Risk of decreased sales and order diversion to North America due to intensified U.S. tariffs and trade policy
- Continued decline in orders due to sluggish automobile sales in the Chinese market
- Continued sluggish sales in the South American and European markets for two-wheeled vehicle products
- Medium- to long-term risk of shrinking demand for internal combustion engine components amid accelerating BEV adoption
- Foreign exchange fluctuations (erosion of yen-denominated value of overseas sales when the yen appreciates)
- Intensifying competition and declining orders at ASEAN and Chinese facilities
Last updated: June 23, 2026