ENDO Lighting Corporation

Business Details

This is the Group's core segment, engaged in the manufacture and sale of commercial-use LED lighting fixtures both domestically and overseas. Domestically, the business centers on the wireless lighting control system series "SmartLEDZ" and the next-generation dimmable/color-tunable fixture "Synca," targeting commercial facilities, offices, and medical/welfare facilities. Overseas, the UK and Asia (India, the Philippines, Singapore, Thailand, Vietnam, etc.) are the main markets, where the company promotes solution-based sales through local offices and experiential showrooms. The segment aims to establish itself as the top brand in the lighting control solutions field.

Recent Overview

Achieved sales growth of 2.1% and segment profit growth of 16.6%; overseas, Asia SNS followers grew approximately 67-fold from the start of the period

In FY2026 (ending March 2026), the segment achieved increased sales and profit, with sales to external customers of ¥43,098 million (up 2.1% year on year) and segment profit of ¥6,162 million (up 16.6% year on year). Domestically, the company captured demand related to the fluorescent lamp ban and demand from large-scale facilities, and published the office-oriented catalog "LIGHTING+ FOR WORKSPACE vol.2" and the medical/welfare-oriented catalog "HOSPITALITY & HEALTHFUL LIGHTING." In the UK, a new warehouse building (6,700 sqm, increasing capacity by 78%) was added and a new warehouse management system was introduced. In Asia, "sync5" received high acclaim, nine showrooms were established in India, and SNS followers increased substantially from approximately 300 at the start of the period to approximately 20,000. Capital expenditure expanded significantly from ¥626 million in the prior period to ¥1,380 million.

Key Products

Growth Drivers

• Expanding demand for replacement of existing lighting fixtures amid rising electricity costs and sustainability requirements
• Demand for substitution with straight-tube LED units due to the ban on manufacturing and import/export of fluorescent lamps at the end of 2027
• Strengthened capture of demand for large-scale facilities such as newly built commercial facilities and offices
• Establishing the top brand position in the lighting control solutions field, centered on the SmartLEDZ series and Synca series
• Overseas business expansion through new office openings and showroom deployment in Asian markets (India, the Philippines, Singapore, Thailand, Vietnam, etc.)
• Strengthening the retail-oriented DIY business and continental European expansion through the addition of a new warehouse building and introduction of a new warehouse management system in the UK
• Improved profitability through price revisions in the new comprehensive catalog "LEDZ Pro.7"
• Improved profitability through continued cost reduction and quality improvement activities

Risks

• Rising procurement costs due to yen depreciation (increased overseas procurement costs)
• Pressure on profit margins due to increases in personnel expenses and SG&A expenses
• Risk of deteriorating demand in the UK market (European sales declined from ¥2,308 million in the prior period to ¥1,918 million)
• Trade instability arising from heightened geopolitical risk, US trade policy trends, and the slowdown of the Chinese economy
• Global instability in parts supply and rising raw material prices
• Impact on performance from sharp fluctuations in exchange rates
• Concerns about economic slowdown due to rising resource prices stemming from the situation in the Middle East