Denyo Co.,Ltd.
6517・Prime Market・Electric Appliances
Japan
Core domestic manufacturing and sales segment, accounting for approximately 70% of group sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥50,684 million | ¥49,664 million | ↑ |
| Operating profit (full year, FY2026 (ending March 2026)) | ¥5,267 million | ¥4,566 million | ↑ |
| Segment assets (end of FY2026 (ending March 2026)) | ¥82,385 million | ¥81,538 million | ↑ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥1,453 million | ¥916 million | ↑ |
| Increase in property, plant and equipment and intangible assets (FY2026 (ending March 2026)) | ¥2,056 million | ¥6,094 million | ↓ |
Business Details
Comprised of Denyo Co., Ltd. itself, Nishihatsu Co., Ltd. (manufacture and sale of disaster-prevention and emergency generators), and Denyo Kosan Co., Ltd. (repair parts sales and after-sales service). The segment manufactures and sells engine generators, welders, and compressors for the domestic construction-related market (leasing and rental companies, general corporations, public facilities, etc.), and also handles exports to the United States, Asia, and the Middle East. Key strategies are maintaining top share in the domestic construction market and expanding share in emergency generators.
Recent Overview
Both net sales and operating profit increased year on year, driven by emergency generators and exports to the United States
In FY2026 (ending March 2026), the Japan segment achieved higher sales and profit, with net sales of ¥50,684 million (up 2.1% year on year) and operating profit of ¥5,267 million (up 15.3% year on year). Domestically, while shipments of portable generators to leasing and rental companies declined as a reaction to the prior period, shipments of equipment such as emergency generators to general corporations remained generally solid. Overseas, exports to the U.S. market progressed favorably, boosting overall segment profitability. The increase in fixed assets declined sharply to ¥2,056 million following the completion of large-scale investment in the prior period (including the Nishihatsu new head office plant investment).
Key Products
Growth Drivers
- Continued steady trend in domestic construction demand (infrastructure repair, urban redevelopment, aging infrastructure countermeasure works, etc.)
- Expansion of emergency generator demand driven by heightened disaster-prevention and BCP awareness (increased production capacity from Nishihatsu's new head office plant operational since January 2025)
- Expansion of exports to the U.S. market (demand recovery after inventory adjustment settled and increased shipments of large units)
- Expansion of maintenance revenue for emergency generators (strengthening after-sales service)
- Active participation in sales exhibitions and strengthening of sales capability under the medium-term management plan "Denyo2026"
- Strengthening collaboration among the three domestic group companies (Denyo itself, Nishihatsu, and Denyo Kosan) to expand the earnings base
Risks
- Risk of long-term decline in demand in the construction-related market due to restraint or reduction in domestic public investment
- Fluctuations in demand for portable generators for leasing and rental companies (possible continuation of the decline reacting to the large increase in the prior period)
- Impact on shipments from construction delays caused by persistently high material prices and labor shortages
- Weak exports to Asia and the Middle East (softening demand for Hong Kong, Thailand, etc.)
- Risk of long-term changes in demand structure for engine-related products due to decarbonization and stricter emissions regulations
- Risk of changes in the export environment due to U.S. trade policy (tariffs, etc.)
Last updated: June 25, 2026