KOITO MANUFACTURING CO., LTD.
7276・Prime Market・Electric Appliances
Japan
Koito Manufacturing's largest segment, centered on domestic automotive lighting
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥367,826 million | ¥351,640 million | ↑ |
| Segment profit (operating profit) | ¥24,832 million | ¥22,657 million | ↑ |
| Segment assets | ¥225,217 million | ¥211,663 million | ↑ |
| Depreciation and amortization | ¥19,622 million | ¥16,626 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥23,784 million | ¥20,917 million | ↑ |
| Impairment loss | ¥1,980 million | ¥0 million | ↓ |
Business Details
The Japan segment primarily handles automotive lighting equipment such as LED Headlamps, headlights, and marker lamps, and also engages in a diverse range of products including Railway Vehicle Control Equipment & Road Traffic Signals, traffic control systems, aircraft parts, and Sensor Systems (LiDAR). Key customers include domestic automakers led by Toyota Motor Corporation. The segment is composed of Koito Manufacturing Co., Ltd. and its domestic subsidiaries, including Koito Kyushu, Koito Industries, and Shizuoka Denso.
Recent Overview
Increased sales and profit due to new order acquisitions and higher sales of order-winning vehicle models, though an impairment loss was recorded
In the Japan segment for FY2026 (ending March 2026), although domestic automobile production volume declined slightly due to sluggish sales at some automakers and reduced production for export, net sales reached ¥367,826 million, up 4.6% year on year, driven by new order acquisitions and increased sales of vehicle models for which orders were received. Operating profit increased 9.6% year on year to ¥24,832 million, supported by higher sales volume and rationalization improvements. Meanwhile, an impairment loss of ¥1,980 million related to the LiDAR business was recorded.
Key Products
Growth Drivers
- Sales expansion through new order acquisitions and increased sales of the company's order-winning vehicle models (up 4.6% year on year)
- Improved product mix through expanded sales of higher value-added products such as ADB (Adaptive Driving Beam)
- Improved profitability through productivity improvement and rationalization activities (operating profit up 9.6% year on year)
- Strengthened production capacity and competitiveness through increased capital expenditure (¥23,784 million)
- Market introduction of next-generation mobility products such as LiDAR and communication lamps
Risks
- Risk of reduced domestic automobile production due to sluggish sales by automakers and reduced production for export
- Customer concentration risk due to sales dependence on specific customers, including Toyota Motor Corporation
- Risk of upfront investment burden and impairment losses in the LiDAR (sensor) business (¥1,980 million recorded in the current fiscal year)
- Supply chain disruption risk from supplier disasters, semiconductor shortages, etc.
- Impact of geopolitical risks such as U.S. tariff policy on export-oriented production and domestic automakers' production plans
Last updated: June 24, 2026