RIX CORPORATION
7525・Prime Market・Wholesale Trade
Steel
Rix's largest segment. Sells industrial equipment and maintenance services to steel mills.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (full year, FY2026 (ending March 2026)) | ¥15,822 million | ¥15,633 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥2,026 million | ¥2,006 million | ↑ |
| YoY change in sales (FY2026 (ending March 2026)) | +1.2% | — | ↑ |
| YoY change in segment profit (FY2026 (ending March 2026)) | +1.0% | — | ↑ |
| Sales to major customer (Nippon Steel Corporation) (FY2026 (ending March 2026)) | ¥6,266 million | ¥6,268 million | — |
| Orders received (FY2026 (ending March 2026), new aggregation definition) | ¥16,981 million | ¥16,139 million (old definition) | ↑ |
| Order backlog (end of FY2026 (ending March 2026), new aggregation definition) | ¥3,752 million | ¥2,593 million (old definition) | ↑ |
Business Details
The largest reportable segment within the Rix Group, engaged in sales of high-pressure hydraulic application equipment and precision measurement equipment to the steel industry. Its major customer is Nippon Steel Corporation (segment sales of ¥6,266 million in the current period, or 11.2% of consolidated net sales). Main revenue sources include equipment replacement projects for steelmaking and hot rolling processes, maintenance projects for aging equipment within steel mills, and equipment projects for electric arc furnaces. The segment is also focusing on overseas market development (India, etc.), and in addition to production-linked products, it is strengthening sales activities toward maintenance departments.
Recent Overview
Renewal projects in the steelmaking and hot rolling processes and orders for electric arc furnace equipment contributed, resulting in modest increases in both sales and profit.
In FY2026 (ending March 2026), the segment achieved sales of ¥15,822 million (up 1.2% year on year) and segment profit of ¥2,026 million (up 1.0% year on year), driven by equipment replacement projects for the steelmaking and hot rolling processes, maintenance projects for aging equipment within steel mills, and equipment projects for electric arc furnaces. While global crude steel production trended slightly downward due to the continued real estate slump in China and other factors, and domestic production in Japan also declined slightly amid delayed recovery in the construction industry, strengthened sales activities toward maintenance departments and overseas market development contributed to the increase in sales. Orders received were steady at ¥16,352 million (up 1.3% year on year) on an old-definition basis.
Key Products
Growth Drivers
- Increase in maintenance work and maintenance projects due to the aging of equipment within steel mills
- Expansion of automation and DX investment projects for maintenance departments
- Overseas market development amid increasing crude steel production in emerging markets such as India
- Securing equipment replacement projects for the steelmaking and hot rolling processes and equipment projects for electric arc furnaces
- Accumulation of order backlog (order backlog of ¥3,752 million at the end of FY2026 (ending March 2026), up 20.4% year on year on an old-definition comparison basis)
Risks
- Decline in crude steel production and weak global steel demand due to the continued real estate slump in China
- Decrease in domestic crude steel production in Japan (due to stagnant overseas economies and delayed recovery in the construction industry)
- Restraint on capital investment in manufacturing due to the impact of US tariff policy
- Withdrawal from and consolidation of production bases and items in the steel industry accompanying the promotion of carbon neutrality
- Uncertainty about the outlook and risk of rising resource prices due to worsening conditions in the Middle East
- Uncertainty regarding maintenance demand arising from insufficient technical skills transfer among customers due to generational change
Last updated: June 23, 2026