EIKEN INDUSTRIES CO.,LTD.
7265・Standard Market・Transportation Equipment
Filter Division
Core business responsible for the manufacture and sale of automotive replacement filters, accounting for approximately 96% of net sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (1H FY2026, ending March... interim period ending October 2026) | ¥3,722 million | ¥3,914 million (1H FY2025, interim period ending October 2025) | ↓ |
| Operating profit (1H FY2026, interim period ending October 2026) | ¥258 million | ¥401 million (1H FY2025, interim period ending October 2025) | ↓ |
| Domestic net sales (1H FY2026, interim period ending October 2026) | ¥1,885 million | ¥1,778 million (1H FY2025, interim period ending October 2025) | ↑ |
| Overseas net sales (1H FY2026, interim period ending October 2026) | ¥1,838 million | ¥2,136 million (1H FY2025, interim period ending October 2025) | ↓ |
| Net sales (full year, 57th fiscal period) | ¥7,771 million | — | — |
| Operating profit (full year, 57th fiscal period) | ¥687 million | — | — |
| Segment assets (end of 57th fiscal period) | ¥4,503 million | — | — |
Business Details
Domestically manufactures automotive replacement filters such as oil filters and air filters, engaging in domestic sales and overseas exports under the "VIC" brand. Major customers are Union Motor Co., Ltd. (45.1% of net sales) and Nippatsu Hanbai Co., Ltd. (11.3%). Domestically, the division is promoting expanded sales of Large Vehicle Filters / High-Performance Oil Filters and Press Parts, while overseas it is strengthening sales to markets for Japanese vehicles, primarily in Asia. The division adopts a build-to-forecast production method, with its strength lying in integrated domestic production capable of handling small-lot, high-variety orders.
Recent Overview
Production volumes declined due to delayed procurement of petrochemical products, and a drop in exports weighed heavily on net sales and profit
In the interim period of FY2026 (ending October 2026) (November 2025 to April 2026), delays in the procurement of petrochemical products caused by the closure of the Strait of Hormuz pushed production volumes below plan, resulting in Filter Division net sales of ¥3,722 million, down 4.9% year on year. Overseas net sales fell approximately 14% year on year to ¥1,838 million, mainly due to a decline in exports to Asia, while domestic net sales increased approximately 6% year on year to ¥1,885 million, driven by growth in sales to fellow manufacturers and trading companies. Due to deteriorating production efficiency stemming from the decline in production volume, the cost of sales ratio for products rose, and operating profit declined sharply by 35.7% year on year to ¥258 million.
Key Products
Growth Drivers
- Expansion of export sales through recovery in exports to Asia and development of new countries beyond the main export destinations
- Expansion of domestic sales to trading companies and fellow manufacturers, and development of new business partners
- Shift toward high value-added products through expanded sales of filters for large vehicles and construction machinery
- Improvement in the cost of sales ratio through enhanced production efficiency accompanying increased production volume
- Strengthening of proposal-based sales activities leveraging the strength of the "VIC" brand
Risks
- Long-term decline in domestic demand due to stagnant growth in the number of vehicles owned and rising awareness of maintenance cost reduction
- Intense price competition (both domestically and in exports) due to an increase in inexpensive overseas products
- Risk of long-term contraction in demand for filters for gasoline and diesel vehicles as electric vehicles become more widespread
- Risk of delayed procurement and rising prices of petrochemical products due to instability in the Middle East (such as closure of the Strait of Hormuz)
- Impact on export markets and geopolitical risk associated with reviews of US tariff policy
- Risk of rising cost of sales ratio due to increases in purchase prices of raw materials, packaging materials, etc.
- Risk of sales concentration in a major customer (Union Motor Co., Ltd.) (45.1% of net sales)
Last updated: January 26, 2026