MANSEI CORPORATION
7565・Standard Market・Wholesale Trade
Electrical Equipment & Industrial Systems
Core segment responsible for sales to industrial infrastructure, centered on FA Equipment & Industrial Control Equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥12,017 million | ¥10,673 million | ↑ |
| Segment operating income | ¥748 million | ¥612 million | ↑ |
| Operating margin | 6.2% | 5.7% | ↑ |
| Segment assets | ¥590 million | ¥499 million | ↑ |
| Depreciation | ¥52 million | ¥68 million | ↓ |
| Share of total company sales | 44.5% | 43.7% | ↑ |
Business Details
Handles a wide range of electrical equipment, including rotating machinery, magnetic switches, inverters, AC servos, robots, and sensors, as well as industrial systems such as generators, power receiving/transforming systems, production line control systems, and logistics conveyance systems. As a sales agent for Mitsubishi Electric, the segment provides products and solutions to a variety of industrial infrastructure sectors, including electric power, data centers, semiconductor manufacturing equipment, and construction-related fields. This is the largest segment by sales composition within the Group, with net sales of ¥12,017 million in FY2026 (ending March 2026), accounting for 44.5% of total company sales.
Recent Overview
Driven by capital investment for power and data center infrastructure, net sales increased 12.6% to ¥12,017 million
In FY2026 (ending March 2026), FA equipment and systems increased due to steady growth in energy-related demand and infrastructure capital investment for sectors such as electric power and data centers. Net sales increased ¥1,344 million (up 12.6%) year on year to ¥12,017 million, and segment operating income increased ¥136 million year on year to ¥748 million, with operating margin improving from 5.7% to 6.2%. In addition, the company acquired the Mitsubishi Electric FA equipment agency business in the Wakayama area from Mitsubishi Electric Living Environment Systems Co., Ltd. (consideration of ¥1,200 million, with goodwill of ¥1,200 million recorded), aiming to expand its sales area and strengthen its earnings base.
Key Products
Growth Drivers
- Expansion of capital investment in power and data center infrastructure (rising energy-related demand)
- Recovery in demand for power distribution control equipment for semiconductor manufacturing equipment
- Labor-saving and automation investment in domestic manufacturing (demand for robots and FA equipment)
- Continued demand for decarbonization and environmental investment (proposals for IoT/AI-based solutions)
- Stable product supply capability based on the sales agency agreement with Mitsubishi Electric
- Expansion of sales area and strengthening of customer base through acquisition of the Wakayama area FA equipment agency business
Risks
- Risk of downward pressure on FA equipment demand due to slowdown in the Chinese market and prolonged inventory adjustments
- Impact on supply chains and demand from prolonged geopolitical risk
- Risk of capital investment plan revisions due to labor shortages and rising material prices in the construction market
- High dependence on a major supplier (the Mitsubishi Electric Group)
- Adverse impact on corporate investment sentiment from continued price increases
- Risk of impairment of goodwill (¥1,200 million) recorded from the business acquisition
Last updated: June 29, 2026