MUSASHI CO.,LTD.
7521・Standard Market・Wholesale Trade
Information, Printing & Industrial Systems Equipment
The largest revenue segment on a consolidated basis, handling digitization, printing, and industrial inspection equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (full year, FY2026 ending March 2026) | ¥17,807 million | ¥18,802 million | ↓ |
| Segment operating profit (full year, FY2026 ending March 2026) | ¥12 million | ¥830 million | ↓ |
| Segment assets (full year, FY2026 ending March 2026) | ¥25,770 million | ¥26,442 million | ↓ |
| Depreciation (full year, FY2026 ending March 2026) | ¥175 million | ¥209 million | ↓ |
| Increase in tangible/intangible fixed assets (full year, FY2026 ending March 2026) | ¥146 million | ¥103 million | ↑ |
| Impairment loss (full year, FY2026 ending March 2026) | ¥204 million | ¥0 million | ↓ |
Business Details
Provides equipment, materials, and maintenance for integrated electronic media/microfilm systems, Document Digitization Services, printing systems (including IPS), Commercial Filtration Filters, and Industrial Inspection Equipment. Main customers are government agencies, municipalities, private companies, and aerospace and semiconductor-related companies, and the segment provides integrated services from system construction to maintenance. In FY2026 (ending March 2026), the segment accounted for approximately 44% of consolidated net sales, but operating profit declined sharply due to a decrease in orders in the document digitization business and a decline in profit margins for Printing Systems Equipment.
Recent Overview
Operating profit plunged 98.5% year-on-year due to declining orders in document digitization and weak printing equipment sales
In FY2026 (ending March 2026), segment net sales were ¥17,807 million (down 5.3% year-on-year), and operating profit was ¥12 million (down 98.5% year-on-year), a significant deterioration. The main causes were a decrease in orders in the document digitization business due to budget cuts for large-scale digitization projects at government agencies and municipalities, and a decline in profit margins for Printing Systems Equipment. On the other hand, Digitization Equipment (Scanners, etc.), Commercial Filtration Filters, and Industrial Inspection Equipment performed solidly. In addition, an impairment loss of ¥204 million was recorded in the Information, Printing & Industrial Systems Equipment segment.
Key Products
Growth Drivers
- Expansion of orders through strengthened sales proposals for document digitization and business efficiency improvement for government agencies, municipalities, and private companies
- Expansion of sales of Commercial Filtration Filters and expansion of beverage-related market share against a backdrop of increasing demand for semiconductors and electronic components
- Capturing inspection service demand mainly in aerospace-related fields for Industrial Inspection Equipment and strengthening sales of digital non-destructive testing equipment
- Expansion of sales channels beyond the printing industry through distinctive printing equipment such as multipurpose inkjet printers and digital die-cutters
- Creation of new businesses and profitability improvement through solution proposals using in-house developed software
Risks
- Risk of stagnant orders due to budget cuts for large-scale digitization projects for government agencies and municipalities (materialized in FY2026 ending March 2026)
- Long-term decline in Printing Systems Equipment and materials sales due to structural decline in paper media demand
- Risk of asset value impairment, as shown by the impairment loss recorded (¥204 million in FY2026 ending March 2026)
- Decline in profit margins due to intensifying competition and price competition pressure in the printing materials market
- Risk of increased procurement costs due to yen depreciation and rising prices
Last updated: June 24, 2026