ASTI CORPORATION
6899・Standard Market・Electric Appliances
Automotive Electronic Components
Domestic and overseas manufacturing and sales business centered on automotive Electronic Control Units
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥22,267 million | ¥21,931 million | ↑ |
| Operating profit | ¥362 million | ¥741 million | ↓ |
| Segment assets | ¥18,674 million | ¥17,682 million | ↑ |
| Depreciation and amortization | ¥904 million | ¥962 million | ↓ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥1,935 million | ¥926 million | ↑ |
| Operating profit margin on sales | 1.6% | 3.4% | ↓ |
Business Details
The segment's main products include various Electronic Control Units (ECU), Air Conditioning Control Systems, Corner Sensors, and Battery Chargers. In addition to domestic operations (ASTI head office), the company conducts manufacturing and sales at overseas bases in India, Vietnam, the Philippines, and China. Major customers are two-wheel and four-wheel vehicle manufacturers such as Yamaha Motor and Suzuki. In FY2026 (ending March 2026), external customer sales were ¥22,267 million, accounting for 35.7% of consolidated sales.
Recent Overview
Sales rose slightly, but operating profit fell sharply by 51.1% year on year due to decreased sales of in-house designed products
In the Automotive Electronic Components segment for FY2026 (ending March 2026), sales secured a slight increase to ¥22,267 million (up 1.5% year on year), but operating profit fell sharply to ¥362 million (down 51.1% year on year) due to a decline in added value resulting from decreased sales of in-house designed products. Meanwhile, positioning the India business as a top priority, the company is proceeding as planned with the launch of a new product production line at the Gujarat plant and the expansion of the Manesar plant, with capital expenditures doubling to ¥1,935 million from ¥926 million in the prior period.
Key Products
Growth Drivers
- Expansion of sales of ECUs and other Electronic Control Units driven by the steady growth of the Indian four-wheel vehicle market
- Expansion of local production and orders in India benefiting from the Make in India tailwind (launch of new product production line at the Gujarat plant, expansion of the Manesar plant)
- Winning new mass-production orders for EV and electrification-related products (chargers, inverters, DCDC converters)
- Enhanced competitiveness of in-house developed products through strengthened R&D bases in Vietnam and India
- EV-related electronic components positioned as a priority business in the new medium-term management plan (VISION2030)
Risks
- Decline in added value and deterioration of operating profit margin due to decreased sales of in-house designed products
- Risk of decreased orders due to the spillover effect of China's rare earth export restrictions on India's EV production
- Global economic fragmentation stemming from US trade policy (tariffs) and its impact on the automotive supply chain
- Rising material and production costs due to yen depreciation and difficulty in passing on costs
- Risk of inventory adjustments and order fluctuations at major customers (Yamaha Motor, Suzuki)
- Risk of production contraction due to decreased exports of automotive parts to the US from Vietnam
Last updated: June 17, 2026