GMB CORPORATION
7214・Standard Market・Transportation Equipment
Japan
Segment serving as the core GMB Group company, handling overseas aftermarket parts sales and group management
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥17,611 million | ¥15,990 million | ↑ |
| Segment profit (loss) | ¥508 million | △¥48 million | ↑ |
| Segment assets | ¥34,448 million | ¥30,577 million | ↑ |
| Depreciation and amortization | ¥363 million | ¥374 million | ↓ |
| Increase in property, plant and equipment and intangible assets (capital expenditure) | ¥435 million | ¥306 million | ↑ |
| Investment in equity-method affiliates | ¥825 million | — | — |
Business Details
The Japan segment, operated directly by GMB Corporation, manufactures and sells automotive parts centered on Water Pumps and Universal Joints, while also serving as the sales window for Group companies' products, primarily supplying the overseas aftermarket parts market. As the Group's core company, it is responsible for Advanced R&D and Product Development, and also holds investments in equity-method affiliates. For FY2026 (ending March 2026), reported sales including intersegment sales were ¥18,980 million.
Recent Overview
In FY2026 (ending March 2026), sales to external customers increased, and the segment turned from a loss to a profit
In the Japan segment for FY2026 (ending March 2026), sales to external customers increased to ¥17,611 million (prior year: ¥15,990 million), and segment profit turned positive at ¥508 million (prior year: loss of ¥48 million). Reported sales including intersegment sales were ¥18,980 million. Capital expenditure expanded to ¥435 million from ¥306 million in the prior year, and segment assets also increased to ¥34,448 million (prior year: ¥30,577 million). Note that this restatement has no impact on consolidated operating results or financial position, and there is no change to the Japan segment figures.
Key Products
Growth Drivers
- Expanded sales of Universal Joints for the European new-vehicle parts market (strategy responding to OEM outsourcing)
- Profitability improvement through continued selling price revisions in the overseas aftermarket parts market
- Increased export revenue effect from foreign exchange movements (yen depreciation)
- Introduction of new items through expanded aftermarket parts lineup (expanded coverage for large vehicles and construction machinery)
- Expansion of intersegment sales as the sales window for Group companies' products (in line with increased production in Thailand, China, etc.)
Risks
- Rising import costs due to yen depreciation (increased procurement costs for overseas-sourced parts and raw materials)
- Intensifying price competition with emerging Chinese manufacturers in the overseas aftermarket parts market
- Demand fluctuation risk in Universal Joint and bearing sales in the overseas aftermarket parts market
- Impact on earnings from sharp foreign exchange fluctuations (bidirectional risk affecting both export revenue and import costs)
- Cost structure with upfront R&D expenses as the Group's core company (recovery period risk for capital expenditure and R&D expenses)
Last updated: June 18, 2026