Imasen Electric Industrial Co., Ltd.
7266・Standard Market・Transportation Equipment
Japan
Core group segment handling domestic automotive parts, electrical components, and welfare equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (Segment total) | ¥48,560 million | ¥51,069 million | ↓ |
| Segment profit | ¥580 million | -¥510 million | ↑ |
| Segment assets | ¥52,455 million | ¥51,659 million | ↑ |
| Depreciation and amortization | ¥1,594 million | ¥1,417 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥2,173 million | ¥1,642 million | ↑ |
| Impairment loss | ¥0 million | ― | — |
Business Details
The Company manufactures and sells Automotive Seat Mechanisms & Electrical Components and Electronic Products, while Mazda Imasen Electric Drive Co., Ltd. handles technology and production technology development for Electronic Products. The segment operates a diversified business including Wire Harnesses for Aircraft & Machine Tools (Toyo Aviation Electronics Co., Ltd., Gifu Toko Denko Co., Ltd.), Electric Wheelchairs, Prosthetic Arms/Legs, Non-powered Walking Assist Devices (Imasen Engineering Institute Co., Ltd.), and Image & Video Processing Devices (Sea Micro Co., Ltd.). Major customers include automotive seat manufacturers such as NHK Spring Co., Ltd.
Recent Overview
Turned profitable from an operating loss in the prior period; despite lower sales, profitability improved significantly
In the Japan segment for FY2026 (ending March 2026), sales (segment total) decreased to ¥48,560 million from ¥51,069 million in the prior period, while segment profit turned positive at ¥580 million from a loss of ¥510 million in the prior period. This is believed to reflect the cost reduction effects of progress in rationalization investments and improvement measures exceeding plan. Capital expenditures increased to ¥2,173 million from ¥1,642 million in the prior period, indicating continued investment in optimizing production sites and building a mass production system for the electronics business. Note that in the corrected disclosure, the impairment loss for the Japan segment is zero (a correction of an error in which ¥6 million, which should have been recorded in the North America segment, was mistakenly recorded in Japan prior to correction).
Key Products
Growth Drivers
- Cost reduction effects from rationalization investments and improvement measures progressing ahead of plan
- Profit boost from recovery of development costs
- Optimization of production sites through relocation of the Okayama plant's electrical components line to the Chubu region and consolidation of the Harusato and Kani plants into the Gifu plant
- Continued investment toward building a mass production system for the electronics business (inverter products)
- Expansion of orders through global joint sales expansion with TS TECH Co., Ltd.
Risks
- Continued downward pressure on revenue due to the end of production for end-of-life models
- Increase in labor costs and expenses due to strengthening of management systems
- Impact of US additional tariff policies on automakers' production and sales
- Short-term profit pressure due to costs incurred in preparation for plant restructuring
- Risk of fluctuations in domestic automobile production volume (semiconductor shortages, geopolitical risks, etc.)
Last updated: June 19, 2026