ENVALITH
株式会社ウェッズ logo

WEDS CO.,LTD.

7551Standard MarketTransportation Equipment

株式会社ウェッズ logo
WEDS CO.,LTD.7551

Automotive-related Wholesale Business

Core segment of the Weds Group. Aluminum wheel wholesale and manufacturing & sales are the mainstay.

PeriodCurrentPreviousChange
Segment net sales (full year, FY2026, ending March 2026)Not disclosed (not subject to correction)¥25,765 million (full year, FY2025, ended March 2025)
Segment profit (full year, FY2026, ending March 2026)Not disclosed (not subject to correction)¥1,524 million (full year, FY2025, ended March 2025)
Increase in property, plant and equipment and intangible assets (full year, FY2026, ending March 2026, Automotive-related Wholesale Business)¥793,352 thousand (after correction)¥785,982 thousand (before correction)

Business Details

This business is operated by the Company together with SUPERSTAR Co., Ltd., Tokyo Sharin Co., Ltd., Weizhi Trading (Ningbo) Co., Ltd., and Chuo Seiki Corporation. It engages in the wholesale sale (aftermarket parts) of automotive-related products centered on wheels for the general retail market, as well as the manufacturing and sale of high-end aluminum wheels (2-piece and 3-piece) by SUPERSTAR Co., Ltd. This is the Group's core segment, accounting for approximately 72% of consolidated net sales (FY2025, ended March 2025), and it also conducts exports to North America and Southeast Asia in addition to the domestic market.

Recent Overview

In June 2026, errors were found in the cash flow statement and segment information of the earnings report, and corrections were made.

In the FY2026 (ending March 2026) earnings report announced on May 13, 2026, errors were found in several items of the consolidated statement of cash flows (operating CF: ¥1,250 million → ¥1,247 million; investing CF: -¥606 million → -¥604 million; financing CF: -¥678 million → -¥677 million), and these were corrected. In addition, in the segment information, the increase in property, plant and equipment and intangible assets for the Automotive-related Wholesale Business was corrected from ¥785,982 thousand to ¥793,352 thousand, and the amount for the Automotive-related Retail Business was corrected from ¥5,050 thousand to ¥1,650 thousand. The interest coverage ratio was also revised from 287.1 times to 286.4 times.

Key Products

product
Aluminum Wheel (Mid-to-High Price Range) Wholesale

Primarily targets the domestic market, while also expanding exports to North America and Southeast Asia. The Company is promoting a shift toward a higher value-added product mix.

product
High-End Aluminum Wheel Manufacturing & Sales (SUPERSTAR)

Aims to improve production efficiency through manufacturing specialization and strengthen supply capacity for high-end products. Performance tends to be affected by trends in the high-end product market.

product
Steel Wheel Manufacturing (Chuo Seiki)

Serves as part of the Group's in-house manufacturing function and contributes to diversifying the wheel product lineup.

product
Automotive Accessories & Parts Wholesale

Expansion of sales of automotive-related products other than wheels is positioned as one of the growth drivers.

product
Automotive Wheel Parts Sales for the China Market (Weizhi Trading)

Maintains a sales network utilizing a Chinese local subsidiary and is responsible for expansion into the Asian market.

Growth Drivers

  • Enhancement of added value through a shift in product mix toward mid-to-high price range aluminum wheels
  • Improved order efficiency and customer convenience through use of the web ordering system
  • Expansion of export channels centered on North America and Southeast Asia
  • Expansion of sales of automotive accessories and parts (other than wheels)
  • Improved production efficiency and strengthened supply capacity for high-end products through SUPERSTAR Co., Ltd.'s manufacturing specialization

Risks

  • Decline in demand for aluminum wheels due to consumers' increased frugality amid rising prices
  • Rise in import procurement costs due to the prolonged yen depreciation (in cases where pass-through to sales prices is limited)
  • Risk of excess inventory stemming from the high trend- and preference-sensitivity of aluminum wheels
  • Deterioration of the export environment due to US protectionist trade policy and geopolitical risk
  • Continued sluggishness in the high-end aluminum wheel market leading to weak profitability at SUPERSTAR Co., Ltd.

Last updated: June 23, 2026