Aichi Tokei Denki Co., Ltd.
7723・Prime Market・Precision Instruments
Measuring Instruments Business
Core business centered on gas and water meters, with instrumentation and sensors
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (full year FY2026, ending March 2026) | ¥59,061 million | ¥54,231 million | ↑ |
| Segment sales year-on-year change rate | +8.9% | +6.0% | ↑ |
| Gas-related Equipment sales | ¥27,484 million | +3.8% year on year | ↑ |
| Water Supply-related Equipment sales | ¥20,470 million | +8.6% year on year | ↑ |
| Civil-use Sensors & Systems sales | ¥2,706 million | +2.9% year on year | ↑ |
| Instrumentation sales | ¥8,399 million | +34.1% year on year | ↑ |
Business Details
Manufactures and sells meters for city gas and LP gas, various water meters, flow sensors and systems for factories, and instrumentation systems for public-sector use. Primary demand sources are domestic and overseas public infrastructure and private capital investment, and the company is also expanding into service areas through IoT-enabled smart meters and the data distribution service "Aichi Cloud". As the core segment accounting for over 99% of the group's total sales, it conducts manufacturing and sales not only domestically but also at overseas bases.
Recent Overview
Sales increased across all fields, led by a 34% rise in Instrumentation, achieving full-year sales of ¥59,061 million
In FY2026 (ending March 2026), demand remained solid, mainly in the domestic market, and sales of the Measuring Instruments Business reached ¥59,061 million (up 8.9% year on year). The Instrumentation field showed the largest growth at 34.1%, driven by progress on projects spanning fiscal years from the prior period. Water Supply-related Equipment rose 8.6%, supported by exports to North America and smart meter-related products. Gas-related Equipment also increased 3.8%, driven by the recovery in replacement demand for LP gas meters and steady performance of Aichi Cloud-related products. On the other hand, the company recorded provisions for product warranty costs (¥1,129 million) to address defects in certain products.
Key Products
Growth Drivers
- Entry into a recovery phase for LP gas meter replacement demand and steady performance of Aichi Cloud-related products
- Expansion of exports to North America and addition of smart meter-related products in Water Supply-related Equipment
- Significant sales growth in the Instrumentation field due to securing large-scale projects and progress on projects spanning fiscal years
- Increased exports to China for city gas-related products through the joint venture established in April 2024
- Expansion of markets and business domains based on the Medium-Term Management Plan 2026 (smartification and global expansion)
- Boost to Civil-use Sensors & Systems from increased exports of flow sensors to Europe and the US
Risks
- Downward pressure on domestic demand for gas and water meters due to the continuing decline in new housing starts
- Impact on exports and local sales due to concerns over the outlook for the Chinese economy
- Risk of rising export costs to North America due to US trade policy (tariffs, etc.)
- Pressure on profitability from further increases in parts procurement costs and labor costs (already factored into next period's forecast)
- Risk of additional provisions for product defect countermeasure costs (product warranty reserves)
- Uncertainty over the outlook due to the intensifying situation in the Middle East (not yet factored into current earnings forecasts)
Last updated: June 22, 2026