AIPHONE CO.,LTD.
6718・Prime Market・Electric Appliances
Japan Segment
Core segment of Aiphone Corporation leading the domestic intercom market
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (external customers) | ¥47,558 million | ¥45,593 million | ↑ |
| Segment sales (including internal, total) | ¥53,861 million | ¥56,195 million | ↓ |
| Segment operating profit | ¥1,590 million | ¥2,556 million | ↓ |
| Segment assets | ¥58,589 million | ¥59,401 million | ↓ |
| Depreciation and amortization | ¥396 million | ¥413 million | ↓ |
| Increase in tangible and intangible fixed assets (capital expenditure) | ¥3,033 million | ¥555 million | ↑ |
Business Details
Domestic business segment operated by Aiphone Co., Ltd. itself. The company manufactures and sells Telecommunications Equipment (Intercoms & Related Products), primarily intercoms, for four markets: detached houses, multi-dwelling units, care (medical/welfare), and business use (offices/public facilities). It operates consistently under its own brand from development through production, sales, and after-sales service, and is the largest segment, accounting for approximately 75.5% of the group's total external customer sales (FY2026, ending March 2026). Recorded sales, including inter-segment internal sales (to group subsidiaries), totaled ¥53,861 million.
Recent Overview
Strong care and business markets, but operating profit fell 37.8% due to higher development costs and elevated parts prices
In the Japan Segment for FY2026 (ending March 2026), sales to external customers increased to ¥47,558 million (up 4.4% year on year), while recorded sales decreased to ¥53,861 million (down 4.2% year on year) due to a decline in inter-segment internal sales. Operating profit fell significantly to ¥1,590 million (down 37.8% year on year), mainly due to increased development costs and sustained high parts prices. By market, the care market (up 13.9% year on year), business market (up 7.3%), and multi-dwelling units (up 2.3%) saw increased sales, while detached houses declined slightly (down 1.5%). Capital expenditure increased significantly to ¥3,033 million year on year, mainly in construction in progress.
Key Products
Growth Drivers
- Expanding renewal demand in multi-dwelling units: share gains through sustained high security needs and proactive order-taking activities
- Market penetration of the Pabbit service: differentiation and order growth through strengthened collaboration with delivery and lifestyle service operators
- Utilization of subsidies in the care market: expansion of renovation sales driven by tailwinds from DX adoption support in elderly medical/care services
- Expansion of the business market: capturing demand for unmanned/labor-saving public facilities, growing orders for railway/factory communication equipment, and rising security needs
- Detached house renovation: strong sales of video doorphones and proactive order-taking activities amid rising security awareness
Risks
- Continued decline in housing starts: structural downward pressure on new-construction sales
- Elevated R&D and personnel investment: multiple large-scale development projects proceeding simultaneously, increasing SG&A expenses and squeezing operating margin
- Delivery delays for certain products: delivery delays in the detached house renovation and multi-dwelling unit markets risk losing sales opportunities
- Elevated parts prices: rising prices of components including semiconductor memory push up cost of sales and squeeze margins
- Decline in new construction starts in the care market: a declining trend in new hospital and elderly care facility construction starts is constraining new-construction sales
Last updated: June 25, 2026