HI-LEX CORPORATION
7279・Standard Market・Transportation Equipment
Japan
Core domestic manufacturing and sales segment. Develops automotive parts and medical equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥40,050 million (interim period of FY2026, ending October 2026) | ¥26,598 million (interim period of FY2025, ending October 2025) | ↑ |
| Segment profit or loss | -¥5 million (interim period of FY2026, ending October 2026) | ¥677 million (interim period of FY2025, ending October 2025) | ↓ |
| Inter-segment internal sales | ¥7,342 million (interim period of FY2026, ending October 2026) | ¥2,573 million (interim period of FY2025, ending October 2025) | ↑ |
Business Details
HI-LEX Corporation itself and domestic subsidiaries (HI-LEX Kanto, Shimane, Saitama, Miyagi, Tajima TSK, etc.) handle the manufacturing and sale of products. In addition to automotive parts such as Control Cable, Window Regulator, and Power Lift Gate, the segment also handles medical equipment such as Ventricular Assist Device (Medical Equipment). From the current interim period, HI-LEX ACT (formerly Mitsui Kinzoku ACT) was newly consolidated, adding Door Latch & Power Slide Door System to the lineup. The segment also has the function of supplying parts to domestic group companies and exporting parts to overseas group companies. Major customers include Toyota Motor Corporation.
Recent Overview
Sales increased 50.6% year-on-year due to ACT integration, but segment loss of ¥5 million continued
Due to the full subsidiarization of HI-LEX ACT (formerly Mitsui Kinzoku ACT) in November 2025, sales to external customers in the Japan segment increased significantly to ¥40,050 million (up ¥13,452 million, or 50.6%, year on year). On the other hand, segment profit fell into a loss of -¥5 million, down from ¥677 million in the same period of the previous year. Cost increases associated with the ACT group integration and an increase in R&D expenses (up ¥938 million year on year to ¥3,188 million) appear to have squeezed profits. The segment loss has continued from the first quarter of the previous fiscal year, and realizing the effects of the integration remains a challenge.
Key Products
Growth Drivers
- Incorporation of Door Latch & Power Slide Door technology and synergy creation through the full subsidiarization of HI-LEX ACT (formerly Mitsui Kinzoku ACT)
- Sales boost effect from increased domestic sales of Power Lift Gate
- Expanding demand for Window Regulator (rising share of door-related parts in sales composition)
- Strengthening of electronic control technology in the development of CASE/SDV-compatible products (functional integration and shared development resources)
- Capturing new orders from major customers such as Toyota Motor Corporation
Risks
- Pressure on operating profit due to increased costs and expanded R&D expenses associated with the ACT group integration (segment loss of -¥5 million in the current interim period)
- Sluggish domestic automobile production volume in Japan (only 4.32 million units, up 1.6% year on year)
- Plateauing demand for Control Cable (maturation of the product due to the shift toward EVs)
- Risk of fixed asset impairment loss at HI-LEX Medical Corporation (¥730 million recorded in FY2025, ending October 2025)
- Purchase price allocation for the negative goodwill gain of ¥28,305 million is provisional and not yet finalized, and figures may change once finalized
Last updated: January 23, 2026