PACIFIC INDUSTRIAL CO., LTD.
7250・Prime Market・Transportation Equipment
Business
Taiheiyo Industrial Co., Ltd. was founded in 1930 and is headquartered in Ogaki City, Gifu Prefecture, as a manufacturer specializing in automotive parts. The group, comprising 16 consolidated subsidiaries and 1 equity-method affiliate, operates two segments: the core Press & Resin Products Business (approximately 72% of net sales) and the Valve Products Business (approximately 28%). In Press Products, the company possesses ultra-high-tensile steel forming technology, and in Valve Products, it holds multiple top global market shares in Tire Valves & Valve Cores, TPMS (Tire Pressure Monitoring System), and Air Conditioning Valves & Electronic Expansion Valves. Its major customers include Toyota Motor Corporation (19.9% of net sales) and other domestic and overseas automakers, and it has built a global structure with production and sales bases in the United States, France, Taiwan, Thailand, China, South Korea, and Belgium. The company is listed on the Prime and Premier Markets of the Tokyo and Nagoya Stock Exchanges.
Business Model
Based on orders from automakers, the company manufactures and delivers components utilizing diverse technologies, including ultra-high-tensile-strength steel press processing, film decoration, sound-and-vibration-damping resin, tire valves, and TPMS (Tire Pressure Monitoring System). Press Products and Resin Products have a volume-driven earnings structure linked to domestic and overseas automobile production trends, while the Valve Products Business secures stable earnings backed by a top global market share and regulatory-driven demand (TPMS). By combining continuous cost improvement activities with capital investment to expand production capacity, the company aims for joint growth in both sales and profit.
Company Strengths
Cold press processing technology for 1180MPa-class ultra-high-tensile-strength steel is seeing expanding adoption at Toyota Motor Corporation. It uses less energy than hot stamping, giving it an advantage from an LCA and carbon-neutrality perspective. Production capacity is being expanded through improved utilization at the new Higashi-Ogaki plant (operational since November 2023) and construction of the 5th plant in the US.
The company holds multiple global top-share products in Tire Valves & Valve Cores, Air Conditioning Valves, and TPMS products. Regulatory adoption of TPMS is progressing across countries worldwide, and regulation-driven stable demand is expected. In March 2025, a dedicated plant for valves for electrified vehicles (Kita-Ogaki Plant) was completed, establishing a framework to address next-generation products.
As of the end of FY2025 (ended March 2025), the equity ratio stood at 57.2% and net assets totaled ¥167,747 million, indicating high financial soundness. Operating cash flow secured was ¥23,434 million, funding the majority of capital expenditures of ¥28,716 million from internal resources. The company maintains an A- rating from the Japan Credit Rating Agency (JCR), preserving flexible fundraising capacity.
ENVALITH's Perspective
Performance Trend
Cumulative results for the first nine months of FY2026 (ending March 2026) showed net sales of ¥162,875 million (up 7.6% year on year), operating profit of ¥14,816 million (up 63.3%), and quarterly net profit attributable to owners of the parent of ¥12,617 million (up 24.5%), marking a substantial improvement. The synergy between increased automobile production in Japan and the US (an external factor) and ongoing cost improvement activities (an internal factor) pushed up profit. On the financial side, the equity ratio improved to 62.0%, and net assets expanded to ¥187,482 million. The full-year forecast remains unchanged at net sales of ¥202,000 million and operating profit of ¥13,000 million, representing a year-on-year decline in both revenue and profit; notable is that this forecast implies a substantial profit decline in Q4. Over the past five fiscal years, net sales expanded from ¥150,408 million in FY2021 to ¥207,348 million in FY2024, before turning to a slight decline to ¥206,129 million in FY2025, and the FY2026 full-year forecast of ¥202,000 million points to a further decline in revenue.
Growth Strategy
Strengthening the earnings base through three pillars: response to electrification, development of new markets, and creation of new businesses
Promoting the expansion of orders for body shell parts and Resin Products for BEVs leveraging ultra-high-tensile-strength technology. Working to enhance capacity utilization at the new Higashi-Ogaki plant (operational since 2023) and to expand production capacity through the construction of a fifth plant in the U.S., aiming to capture demand from electrification.
Promoting the development and sales expansion of Valve Products for electric vehicles, such as electronic expansion valves for thermal management systems. The plant for producing valves for electric vehicles was completed in March 2025, completing the capacity expansion. However, operating profit in the Valve Products Business for the cumulative nine months of FY2026 (ending March 2026) decreased 3.4% year on year due to a decline in sales volume and soaring material prices.
Promoting IoT Products & Applications such as cattle condition monitoring systems and logistics management systems, as well as businesses addressing social issues such as Upcycled Products. Under the medium-term plan "NEXUS-26," the target is 15 new product/service launches in FY2026, but net sales for the cumulative nine months of FY2026 (ending March 2026) remained small at ¥185 million with an operating loss of ¥81 million.
Last updated: July 17, 2026