ONO SOKKI Co., Ltd.
6858・Standard Market・Electric Appliances
Business
Ono Sokki Co., Ltd. is a measurement specialist manufacturer founded in 1954, with two core businesses: the manufacture and sale of a wide range of measuring instruments, including sensors, rotation & speed, acoustic & vibration, torque, and dimension & displacement measuring instruments (Measuring Instruments segment), and the design, manufacture, and engineering services of custom test systems for R&D and quality control use by automakers and other clients (Custom Test Systems & Services segment). Its main customers are automotive OEMs and parts manufacturers, led by Honda Motor Co., Ltd. (17.8% of sales in FY2025 (ending December 2025)), and it has built a global structure with sales subsidiaries in the United States, Thailand, India, and China.
Business Model
The Custom Test Systems & Services segment, which accounts for approximately 66% of sales, operates on a build-to-order basis, providing an integrated offering from the design and manufacture of test systems through repair, calibration, contract testing, and sales of benchmarking reports. The Measuring Instruments segment operates on a make-to-stock basis, mass-producing and selling general-purpose products while continuously capturing after-sales service and replacement demand. Through the long-term management strategy of a "Product → Service → Product cycle," the company aims to deepen customer touchpoints gained from product sales via services and engineering, feeding back the resulting insights into product development in a circular model.
Company Strengths
In FY2025 (ending December 2025), orders received reached ¥15,659 million (up 13.8% year on year), and the order backlog reached ¥9,050 million (up 28.9% year on year). The order backlog for Custom Test Systems & Services alone secured ¥8,294 million (up 30.6% year on year), building up a substantial source of revenue for the following period and beyond.
The company owns acoustic, vibration, and engine test facilities at its two sites in Yokohama and Utsunomiya, and develops advanced test system platforms in-house, including VRS (Virtual & Real Simulator) and RC-S (Real Car Simulation Bench). R&D expenses amounted to ¥1,011 million in FY2025 (ending December 2025), and the company is also expanding into new services such as AI-based sound data processing and the sale of benchmarking reports.
At the end of FY2025 (ending December 2025), net assets stood at ¥16,603 million, while interest-bearing debt remained low at ¥1,219 million. Cash and cash equivalents of ¥3,774 million exceeded interest-bearing debt, maintaining a net cash position. The company has a financial base that allows it to fund growth investments, such as the construction of the Chubu Linkage Commons using proceeds from the sale of its former head office building, from its own funds.
ENVALITH's Perspective
Performance Trend
Revenue has grown for 5 consecutive fiscal years since the loss-making FY2021 (a loss of ¥9,852 million), reaching ¥4,448 million in Q1 FY2026 (ending December 2026), up 19.4% year on year. Operating profit came to ¥423 million (up 28.0% year on year), with the operating profit margin improving to 9.5% (from 8.9% in the same period of the previous year). Custom Test Systems & Services drove performance, with revenue of ¥3,186 million (up 20.7% year on year) and segment profit of ¥413 million (up 28.9% year on year). On the other hand, the cost of sales ratio rose to 56.6% (from 55.3% in the same period of the previous year), reflecting the lingering impact of surging raw material prices. The full-year forecast remains unchanged at revenue of ¥15,000 million (up 10.1% year on year) and operating profit of ¥1,100 million (up 86.8% year on year). Among external factors, the trend of a return to HEVs/PHEVs and demand related to regulatory compliance are providing tailwinds, while conditions in the Middle East, yen depreciation, and rising raw material prices continue to exert downward pressure.
Growth Strategy
Aiming for net sales of ¥14,500 million and operating profit of ¥1,000 million in FY2027 (ending December 2027) under Challenge Stage Ⅳ
Promoting expansion of overseas sales of Measuring Instruments through the development of products dedicated to overseas market entry, strengthening sales promotion activities toward distributors, and participation in exhibitions. In the first quarter of FY2026 (ending December 2026), product planning and sales promotion expenses increased, reflecting an upfront investment phase.
Aiming to expand revenue in the high-value-added engineering domain by expanding the lineup of vehicle models covered in Benchmarking Report sales, increasing orders for simulation benches such as VRS (Virtual & Real Simulator), and deepening After-sales Service (Repair & Calibration) as well as Engineering Services (Contract Testing & Benchmarking Reports).
Continuing initiatives such as bonus payments aimed at improving engagement, efforts toward human resource development, and revising systems to accommodate diverse work styles. Promoting operational efficiency and enhanced customer support through digital utilization, including sophistication of AI-based inquiry response and strengthening of the sales structure.
Conducting share buybacks (upper limit of 200,000 shares / ¥160,000,000) since February 2026 (as of the end of March 2026, 64,300 shares / ¥55,579,600 had been acquired). Forecasting an increase in the annual dividend from ¥22 in the previous fiscal year to ¥30, aiming to achieve both improved capital efficiency and enhanced shareholder returns.
Last updated: July 17, 2026