MURAKAMI CORPORAITON
7292・Standard Market・Transportation Equipment
Japan
Core segment manufacturing and selling domestic automotive rearview mirrors and fine glass for optical equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥51,306 million | ¥51,125 million | ↑ |
| Segment operating profit | ¥1,726 million | ¥2,795 million | ↓ |
| Segment assets | ¥41,925 million | ¥40,862 million | ↑ |
| Depreciation | ¥2,093 million | ¥1,971 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥2,072 million | ¥2,612 million | ↓ |
Business Details
The Japan segment is centered on the manufacture and sale of Automotive Rearview Mirrors and Fine Glass for Optical Equipment. The company has built a domestic manufacturing and sales structure including consolidated subsidiaries such as Murakami Kaimeido Kyushu Co., Ltd., AG Co., Ltd., and Murakami Kaimeido East Japan Co., Ltd., and also serves as the production preparation function for group-wide R&D and new product development. In FY2026 (ending March 2026), sales volume remained roughly flat year on year, but as price pass-through for cost increases from inflation and yen depreciation remained limited amid rising future-oriented investment, operating profit declined significantly.
Recent Overview
Sales volume roughly flat year on year, but operating profit fell 38.2% due to increased investment and cost inflation
In the Japan segment for FY2026 (ending March 2026), sales volume of Automotive Rearview Mirrors remained roughly flat year on year, and sales revenue increased by ¥181 million (0.4%) year on year to ¥51,306 million. On the other hand, operating profit declined significantly to ¥1,726 million, down ¥1,069 million (38.2%) year on year, due to increased investment for mid- to long-term growth as well as limited price pass-through for cost increases stemming from inflation and yen depreciation.
Key Products
Growth Drivers
- Commencement of strategic investment with a view to mid- to long-term growth (domestic capital expenditure and R&D investment in Japan)
- Progress in passing on rising raw material and labor costs through continued price negotiations with customers aimed at cost recovery
- Expansion of R&D investment toward new fields and new products
- Room for sales volume growth accompanying a recovery in domestic automaker production
Risks
- Rising fixed costs from increased future-oriented investment continuing to pressure profit margins (operating profit down 38.2% year on year)
- Limited price pass-through in response to cost inflation from inflation and yen depreciation
- Uncertainty in sales volume due to production fluctuations at domestic automakers (e.g., certification irregularities)
- Impact of reduced production of export vehicles due to additional and increased U.S. tariffs
- Intensifying competition and structural changes in automotive demand due to the progress of the EV shift
- Continued increase in labor costs due to wage hikes and other factors
Last updated: June 23, 2026