MURO CORPORATION
7264・Standard Market・Transportation Equipment
Metal-related Parts Business
Core segment of Muro Corporation manufacturing and selling automotive metal parts domestically and overseas
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (full year, FY2026 (ending March 2026)) | ¥20,488 million | ¥19,944 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥2,193 million | ¥1,836 million | ↑ |
| Segment assets (full year, FY2026 (ending March 2026)) | ¥22,175 million | ¥23,213 million | ↓ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥1,164 million | ¥1,266 million | ↓ |
| Share of segment net sales (full year, FY2026 (ending March 2026)) | approx. 88.5% | approx. 88.3% | — |
| Net sales to key customer (Toyota Motor) (full year, FY2026 (ending March 2026)) | ¥3,116 million | ¥3,014 million | ↑ |
Business Details
Manufactures and sells Electrification Parts, Powertrain Parts, Steering & Control Parts, Body & HVAC Parts, and Motorcycle, Industrial Machinery & Precision Equipment Parts for automotive applications. Manufacturing is handled by the company itself domestically along with Kita Kanto Plating (plating processing) and overseas subsidiaries (US, Vietnam, Indonesia, China), while Muro Asia Pacific handles sales. This core business accounts for approximately 88% of consolidated net sales, with its competitive edge derived from the ability to realize and mass-produce highly difficult, high-value-added parts.
Recent Overview
Net sales and profit both recovered substantially due to the fading impact of the certification issue and improved production efficiency
In FY2026 (ending March 2026), net sales in the Metal-related Parts Business were ¥20,488 million (up 2.7% year on year), and segment profit rose substantially to ¥2,193 million (up 19.5% year on year). The main driver was the fading impact of the certification issue that had affected the prior year. Meanwhile, Japanese automakers continued to struggle in the Chinese and Southeast Asian markets, and semiconductor supply issues persisted. By region, sales to Japan were the largest at ¥16,380 million, followed by ¥2,761 million to North America and ¥1,148 million to Southeast Asia. At the US subsidiary, losses arose from the repayment of COVID-era subsidies, among other items, but the direct impact on segment profit was limited.
Key Products
Growth Drivers
- Recovery in production at key customers as the impact of the certification issue subsides
- Strengthened response to EVs and electrification parts, and acquisition of new orders
- Reinforcement of the global production and supply framework leveraging four overseas locations in the US, Vietnam, Indonesia, and China
- Maintaining price competitiveness through a strategy focused on highly difficult, high-value-added parts
- Strengthening cost competitiveness through automation and rationalization investment
- Continued expansion of sales to Toyota Motor (¥3,116 million, up 3.4% year on year)
Risks
- Risk of sales fluctuation due to changes in automobile production volumes (weakness in the Chinese market, semiconductor supply issues)
- Risk of deteriorating profitability at the Hubei, China subsidiary (Muro Auto Parts) due to weak sales by Japanese automakers in China
- Risk of rising raw material costs due to fluctuations in steel and scrap steel market conditions
- Foreign exchange risk, including yen depreciation and appreciation (rising share of overseas subsidiary sales and profit in consolidated results)
- Risk of a long-term decline in demand for ICE (internal combustion engine) parts as EV adoption progresses
- Risk of impact on North American operations from changes in tariff policy under the Trump administration in the US
- Risk of additional penalties or losses from repayment at the US subsidiary due to non-compliance with subsidy application requirements
Last updated: June 23, 2026