Togami Electric Mfg. Co., Ltd.
6643・Standard Market・Electric Appliances
Industrial Power Distribution Equipment Business
Toagami Electric's core segment. Manufacturing and sales of power distribution and control equipment, accounting for approximately 83% of consolidated sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales | ¥25,629 million | ¥23,263 million | ↑ |
| Segment profit | ¥4,773 million | ¥4,407 million | ↑ |
| Segment assets | ¥23,377 million | ¥22,201 million | ↑ |
| Segment sales year-on-year change | +10.2% | — | ↑ |
| Depreciation and amortization | ¥659 million | ¥604 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥658 million | ¥1,157 million | ↓ |
Business Details
Centered on three product groups—Electronic Controllers (electromagnetic switches, distribution automation remote terminal units), Automatic Power Distribution Switches (SOG switches, etc.), and Switchboards and System Equipment—the segment manufactures and sells to electric power companies and industrial customers. The Company itself serves as the main manufacturing base, with Togami Control Co., Ltd., Togami Electronics (Changshu) Co., Ltd., Togami Electric (Suzhou) Co., Ltd., and Togami Denso Co., Ltd. supplementing manufacturing, and Tokyo Togami Electric Sales Co., Ltd. handling sales. The segment captures both next-generation equipment replacement demand from electric power companies and industrial demand.
Recent Overview
Sales increased across all product groups. Electronic Controllers, SOG switches, and switchboards all benefited from demand expansion and price transitions.
For FY2026 (ending March 2026), sales in the Industrial Power Distribution Equipment Business were ¥25,629 million (up 10.2% year on year), and segment profit was ¥4,773 million (up 8.3% year on year). Electronic Controllers reached ¥6,774 million (up 10.8% year on year) on overseas demand recovery and continued replacement investment by electric power companies; Automatic Power Distribution Switches reached ¥14,295 million (up 8.1% year on year) on SOG switch demand recovery and the spread of appropriate pricing; and Switchboards and System Equipment reached ¥4,559 million (up 16.2% year on year) on increased facility replacement projects and wastewater treatment construction, with all product groups achieving sales growth.
Key Products
Growth Drivers
- Continued expansion of demand for next-generation replacement of distribution facilities by electric power companies
- Recovery in demand for SOG switches (cascading fault prevention equipment) and the spread of transition to appropriate pricing
- Continued investment in replacement of distribution automation remote terminal units and reinforcement of distribution facilities
- Increased overseas demand for electromagnetic switches (inventory adjustments largely resolved)
- Expanding demand for Switchboards and System Equipment due to increased facility replacement projects and wastewater treatment construction
- Cost reduction and quality improvement through DX promotion and productivity enhancement
- Optimization of selling prices (implementation of price revisions in response to rising material costs)
Risks
- Cost pressure from persistently high raw material and energy prices
- Uncertainty and deterioration in the procurement environment for parts due to heightened tensions in the Middle East
- Impact on overseas demand from US trade policy and China's economic slowdown
- Uncertainty in overseas demand for electromagnetic switches (risk of renewed inventory adjustment)
- Risk of fluctuation in replacement demand due to changes in electric power companies' capital investment plans
- Rising labor costs and worsening labor shortages
- Risk of extraordinary losses from product remediation costs, etc. (¥199 million recorded in FY2026, ending March 2026)
Last updated: June 25, 2026