OHASHI TECHNICA INC.
7628・Prime Market・Wholesale Trade
Business
Ohashi Technica Inc. is a specialized supplier of automotive-related components founded in 1951, forming a group consisting of the Company along with 13 subsidiaries and 2 affiliated companies. The Company integrates manufacturing, sales, processing technology development, and logistics operations centered on automotive-related components such as Engine-related Components, Body Assembly Components, Brake-related Components, and EV-related Components. Domestically, the Company handles sales and processing technology development, while 3 manufacturing subsidiaries handle production. Overseas, 12 companies operate across the Americas, China, ASEAN, Europe, and Taiwan, establishing a global structure with Japanese automakers as its main customers. Listed on the Prime Market of the Tokyo Stock Exchange.
Business Model
The core of profitability lies in the "Factory & Fabless" model, which combines in-house manufacturing (Factory) with the utilization of external procurement sources (Fabless). The company develops and proposes proprietary processing technologies, such as press-fit projection welding technology, and earns revenue by supplying components to Japanese automakers. The group's in-house manufacturing ratio currently stands at approximately 27%, and the company aims to raise this to 40% through capital investment. Of the ¥40,918 million in net sales, Japan accounts for approximately 49% and the Americas for approximately 34%, reflecting a globally diversified revenue structure.
Company Strengths
The company's proprietary "Press-fit Projection Welding Technology" achieves higher component strength, compatibility with larger diameters, higher precision, and lighter/more compact designs, and adoption by major automakers has been expanding. Application to EV/HEV-related components is also progressing, and in August 2025 the company established a "Technology Development Department" at a manufacturing subsidiary, implementing an organizational reform to consolidate development functions within the group.
The company operates a total of 14 sites across Japan, the Americas (the U.S. and Mexico), China (5 subsidiaries), ASEAN (2 companies in Thailand), Europe (the UK), and Taiwan, building a supply system capable of keeping pace with the global production of Japanese automakers. In FY2026 (ending March 2026), revenue increased in all regions except China, demonstrating the risk-reduction effect of regional diversification.
As of the end of FY2026 (ending March 2026), net assets stood at ¥41,059 million and total assets at ¥48,134 million, against which liabilities were extremely low at ¥7,075 million. The company holds cash and cash equivalents of ¥17,603 million, and has the financial capacity to fund ¥9.5 billion in capital expenditures, ¥900 million in R&D expenses, and ¥700 million in ESG-related investments over the six-year medium-term management plan period, primarily using internal funds.
ENVALITH's Perspective
Performance Trend
Revenue increased for five consecutive years, rising from ¥32,545 million in FY2022 to ¥40,918 million in FY2026. Operating profit bottomed out at ¥1,641 million in FY2024 and turned to a recovery trend, reaching ¥2,427 million in FY2026, the highest level over the past five fiscal periods. The operating margin of 5.9% exceeded the target of 5.1%, clearly confirming an improvement in profitability. While external factors such as translation gains at overseas subsidiaries driven by yen depreciation contributed to some extent, the effects of the company's own efforts—including the penetration of price revisions and the ramp-up of mass production for newly received orders—were also significant. Although the continued losses in the China business remain a challenge, strong performance in the Americas and ASEAN is driving the company as a whole.
Growth Strategy
Aiming to achieve a 40% manufacturing in-house production ratio, EV readiness, and establishment of a global four-pole structure under Mission2025+2
Continuously implementing capital investment in group manufacturing sites, including the construction of the second plant at the Suzuka Plant of domestic manufacturing subsidiary Ohashi Giken Kogyo. Acquisition of tangible fixed assets in FY2026 (ending March 2026) increased to ¥1,729 million from ¥1,416 million in the previous fiscal year, indicating accelerating in-house production investment.
Expanding the application of press-fit projection welding technology to components mounted on electrified vehicles, promoting adoption by major automakers. Strengthening EV/HEV-related development and order-taking activities across regions, continuing the strategy of securing responsiveness to the electrification shift through proprietary technology.
Promoting the business restructuring of five local China subsidiaries, continuing the effect of SG&A expense reductions achieved through structural reforms implemented in the previous fiscal year. However, in FY2026 (ending March 2026), the segment loss of ¥232 million persisted, and profitability has not yet been achieved.
Promoting production capacity enhancement through plant expansion work at the US subsidiary. Through the mass production launch of newly ordered products and price revisions, the Americas segment recorded net sales of ¥13,630 million and segment profit of ¥547 million, becoming a key driver of overall company performance.
Last updated: July 19, 2026