Yashima & Co.,Ltd.
7677・Standard Market・Wholesale Trade
Railway Business
Core business supplying rolling stock supplies to domestic and overseas railway operators and manufacturers as a railway specialty trading company
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥31,362 million (FY2026, ending March 2026) | ¥29,097 million (FY2021, ending March 2021, reference value) | ↑ |
| Segment Profit | ¥804 million (FY2026, ending March 2026) | ¥744 million (FY2021, ending March 2021, reference value) | ↑ |
| Segment Assets | ¥16,728 million (FY2026, ending March 2026, restated) | ¥15,290 million (FY2021, ending March 2021, reference value) | ↑ |
| Depreciation | ¥34 million (FY2026, ending March 2026) | ¥70 million (FY2021, ending March 2021, reference value) | ↓ |
Business Details
Mainly handles electrical supplies, car body supplies, in-vehicle products, connectors, and other supplies for railway rolling stock, with railway operators including JR group companies, rolling stock manufacturers, and electrical equipment manufacturers as sales customers. The company maintains an inventory stock function of over 4,000 items to achieve stable supply. In addition to its nationwide domestic network, it has expanded into China (Asima (Shanghai) Trading Co., Ltd.), the Philippines, Vietnam, Indonesia, India, Myanmar, and other locations. In FY2026 (ending March 2026), this core segment accounts for approximately 93% of consolidated net sales.
Recent Overview
In FY2026 (ending March 2026), net sales were ¥31,362 million and segment profit was ¥804 million, turning profitable
In the Railway Business segment for FY2026 (ending March 2026, restated), net sales of ¥31,362 million and segment profit of ¥804 million were recorded. While the segment posted a segment loss in the prior fiscal year (FY2025, ended March 2025), it returned to profitability in the current fiscal year. Segment assets were ¥16,728 million after restatement (¥16,690 million before restatement). Note that in this restated financial results report, errors in the aggregation of deferred tax assets and deferred tax liabilities on the consolidated balance sheet, as well as reclassification of provisions for loss on order received, were corrected, and the allocation of segment assets was also revised.
Key Products
Growth Drivers
- Increased capital expenditure appetite and improved order environment accompanying the business recovery of major customers (JR group companies, etc.)
- Increase in railway ridership and improved revenue/profit for railway operators due to recovery in domestic travel and inbound demand
- Stable supply system and strengthened customer relationships through an inventory stock function of over 4,000 items
- Expansion into overseas markets such as China, Southeast Asia, and India (participation in ODA railway infrastructure development projects)
- Deepening penetration into peripheral vehicle-related areas such as inspection and maintenance equipment and track maintenance, and creation of new products and business models
Risks
- Risk of review or postponement of capital expenditure plans when the performance of major customer railway operators deteriorates (as occurred during the COVID-19 pandemic)
- Risk of period-to-period sales fluctuations due to changes in manufacturing schedules and repair plans of some customers
- Residual risk related to the inappropriate transaction issue at the overseas subsidiary (Asima (Shanghai) Trading Co., Ltd.) and risk of a slowdown in the Chinese economy
- Credit risk related to a standby letter of credit (debt guarantee amount of 220 million Indian rupees) for the Indian market partner (Lemmax)
- Impact on overseas business from geopolitical risks (deterioration of Japan-China relations, U.S. tariff increases, etc.)
Last updated: June 25, 2026