Tensho Electric Industries Co., Ltd
6776・Standard Market・Chemicals
Japan Molding-related Business
Core domestic segment responsible for the manufacture and sale of Automotive Parts, Logistics & Industrial Materials, and Mechanical Components.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Sales | ¥21,041 million | ¥19,820 million | ↑ |
| Segment Profit | ¥481 million | ¥239 million | ↑ |
| Segment Profit Margin | 2.3% | 1.2% | ↑ |
| Depreciation and Amortization | ¥2,009 million | ¥1,604 million | ↑ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥968 million | ¥2,310 million | ↓ |
| Segment Assets | ¥17,182 million | ¥18,055 million | ↓ |
Business Details
This is the core domestic segment in which Tensho Electric Industries Co., Ltd. and its consolidated subsidiary Ryubu Plastic Co., Ltd. manufacture and sell Automotive Parts, Logistics & Industrial Materials, Mechanical Components, and Molds. Major customers include SUBARU CORPORATION (sales of ¥4,716 million), Toyota Boshoku Corporation (¥2,446 million), and Sanko Co., Ltd. (¥1,345 million). With the resolution of the impact of production adjustments in the automotive industry, the segment has entered a recovery trend, achieving a significant improvement in segment profit, up 101.0% year on year.
Recent Overview
Recovery trend driven by resolution of automotive industry production adjustment impacts; segment profit up 101.0% year on year.
In FY2026 (ending March 2026), the impact of production adjustments in the automotive industry was resolved, resulting in sales of ¥21,041 million (up 6.2% year on year) and a significant improvement in segment profit to ¥481 million (up 101.0% year on year). Sales to major customer SUBARU increased to ¥4,716 million (from ¥4,253 million in the prior period). On the other hand, capital expenditure declined sharply to ¥968 million from ¥2,310 million in the prior period, suggesting a shift from the investment phase to the revenue recovery phase.
Key Products
Growth Drivers
- Continuation of the order recovery trend following the resolution of automotive industry production adjustments
- Expansion of sales to SUBARU (from ¥4,253 million in the prior period to ¥4,716 million in the current period)
- Reduction of dependence on the automotive sector and stabilization of earnings through expanded sales of Logistics & Industrial Materials and Mechanical Components
- Realization of the effects of enhanced production capacity and competitiveness from large-scale capital expenditure in prior periods (¥2,310 million)
- Improvement in profit margin through continued efforts in process improvement, production efficiency enhancement, and cost reduction
Risks
- Risk of a significant decline in orders due to fluctuations in automotive industry production plans (a structural risk for the core business)
- Risk of sales concentration among specific customers such as SUBARU and Toyota Boshoku (the top three customers account for over approximately 40% of sales)
- Risk of increased cost of sales due to rising raw material and logistics costs
- Risk that trends in US trade policy could affect production plans across the automotive industry as a whole
- Risk of rising raw material prices due to Middle East tensions and rising crude oil prices
Last updated: June 24, 2026