MIMAKI ENGINEERING CO.,LTD.
6638・Prime Market・Electric Appliances
Japan, Asia & Oceania
Mimaki's largest segment, housing manufacturing and development bases, integrating both domestic and overseas sales and production
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue | ¥37,152 million | ¥37,991 million | ↓ |
| Segment Profit | ¥6,868 million | ¥7,868 million | ↓ |
| Segment Assets | ¥45,754 million | ¥43,798 million | ↑ |
| Depreciation | ¥1,743 million | ¥1,704 million | ↑ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥3,546 million | ¥1,807 million | ↑ |
Business Details
Encompasses the company itself, domestic manufacturing subsidiaries, sales subsidiaries in Asia and Oceania countries (Taiwan, Indonesia, Australia, Singapore, India, Thailand, Vietnam, etc.), the Alpha Design Group engaged in the FA Business, print service companies, merchandise planning and sales companies, and software development companies. In addition to the development, manufacturing, and sale of industrial inkjet printers and cutting plotters, the segment also handles FA equipment, board mounting equipment, and semiconductor manufacturing equipment.
Recent Overview
Revenue declined 2.2% due to a significant drop in FA equipment and sluggish DTF sales, while fixed asset investment roughly doubled year-on-year
Segment revenue for FY2026 (ending March 2026) was ¥37,152 million (down 2.2% year-on-year). In Japan, despite strong sales of sublimation transfer printers for the TA market and dramatic growth in ink sales, a significant decline in FA equipment for the automotive industry weighed on overall results. Domestic revenue excluding the FA Business increased 4.2% year-on-year. In Asia and Oceania, unit sales declined across the SG, IP, and TA markets, while ink sales grew significantly. In February 2026, the new Building F was completed at the Kazawa Plant (Tomi City, Nagano Prefecture) (operations to commence in April 2026), and the increase in property, plant and equipment and intangible assets expanded to ¥3,546 million, roughly double the previous period.
Key Products
Growth Drivers
- Strong launch of the new sublimation transfer printer for the TA market (TS330-1800) in Japan and dramatic growth in ink sales
- Continued strong performance of entry-level eco-solvent models for the SG market
- Stable earnings from the recurring nature of ink sales (significant growth in ink for the IP and TA markets)
- Enhanced development capabilities and future production capacity expansion following the completion of the new Building F at the Kazawa Plant
- Regular and innovative new product launches based on the medium- to long-term growth strategy "Mimaki Innovation 30" (targeting a 30% annual ratio of new product sales)
- Stabilization of profitability through continuous cost reduction activities and product mix improvement
Risks
- Significant decline in FA equipment (down 18.1% for the period) due to automotive industry capital expenditure postponements in the FA Business
- Continued decline in sales of DTF models for the TA market (demand adjustment following the initial demand surge)
- Sluggish sales of printer units for the IP market (significant decline in both large and small FB models)
- Weak unit sales across the SG, IP, and TA markets in Asia and Oceania
- Foreign exchange risk (deterioration in export profitability due to a shift toward yen appreciation)
- Tax litigation involving a Brazilian subsidiary (notice of additional tax assessment equivalent to 76,481 thousand Brazilian reais; authorities filed an appeal in May 2025)
- Impact on results from hyperinflationary accounting treatment (application of IAS 29) at the Turkish subsidiary
- Uncertainty over demand in the Asia and Oceania region due to geopolitical risks (US-China tensions, Middle East situation, etc.)
Last updated: June 22, 2026