YAMATO Mobility & Mfg.Co., Ltd.
7886・Standard Market・Chemicals
Business
Yamato Mobility & Mfg. Co., Ltd. is a synthetic resin molding manufacturer founded in 1955, with its core business being the Synthetic Resin Molding Related Business, which manufactures and sells various synthetic resin molded products—including OA Equipment Components, Sales Promotion Products & Vacuum-Formed Products, and Housing Equipment, Automotive Goods, Home Appliance Parts, etc.—both domestically and internationally. In addition, the company operates the Logistics Equipment Related Business, which manufactures and sells logistics equipment such as Combitainers, and the EV Related Business, which converts used trucks to electric power, forming a three-segment structure. The company maintains a multi-site production system comprising domestic plants (Kawagoe, Saitama Yamato, etc.) and a Philippine subsidiary (BIG PHILIPPINES CORPORATION), and changed to its current company name in October 2024. It is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
In the Synthetic Resin Molding Related Business, an integrated production system—from mold design and manufacturing through molding, assembly, and inspection—is established through domestic subsidiaries and overseas bases, supplying products to key customers such as OA equipment manufacturers. The Logistics Equipment Related Business follows a fabless model combining production outsourcing to Chinese companies with domestic sales. The EV Related Business is being launched as an electrification contracting business for used trucks. The company has a structure with high dependence on specific customers, with ETRIA TRADING ASIA LIMITED accounting for 23.3% of net sales.
Company Strengths
Since its founding in 1955, the company has accumulated multiple process technologies including injection molding, vacuum forming, and press molding. It maintains an integrated production system spanning mold design through molding, assembly, and inspection across multiple domestic sites, and possesses the technical foundation to handle everything from product design proposals tailored to customer needs through to mass production.
The company implements an optimal-location production strategy combining domestic factories (Kawagoe and Saitama Yamato) with its Philippine subsidiary (BIG PHILIPPINES CORPORATION). Even after the shift of its Chinese subsidiary to the equity method, the Philippine site continues to handle molded products and mold manufacturing such as OA Equipment Components for export to Japanese companies, maintaining high quality and price competitiveness.
The Logistics Equipment Related Business secured operating profit of ¥49 million in FY2026, functioning as a revenue source that partially offsets losses in the Synthetic Resin Molding and EV businesses. The company continues new product development, expansion of sales of differentiated products, and new customer acquisition, with business expansion progressing in areas outside of large fleet customers.
ENVALITH's Perspective
Performance Trend
Revenue for FY2026 (ending March 2026) fell sharply to ¥9,730 million from ¥16,072 million in the prior period (down 39.4% year on year). The primary cause was the deconsolidation resulting from the Chinese subsidiary's transition to an equity-method affiliate, with business scale falling well below FY2022 levels. Operating loss was ¥442 million (deteriorating from operating profit of ¥203 million in the prior period), and net loss widened to ¥827 million (from ¥339 million in the prior period). The recognition of an impairment loss of ¥187 million also weighed on earnings. On the other hand, the Logistics Equipment Related Business maintained operating profit of ¥188 million, and the Synthetic Resin Molding Related Business also achieved a standalone turnaround to profitability, but this was insufficient to absorb company-wide fixed costs and financial expenses (interest expense of ¥82 million). Cash balance fell sharply to ¥608 million, marking a notable decline in financial safety margin.
Growth Strategy
Four pillars: continuation of the "New New Structural Reform", establishment of EV Related Business, restructuring of overseas operations, and creation of new businesses
Continuing company-wide cost improvement activities, the Synthetic Resin Molding Related Business achieved a swing to operating profit in FY2026 (ending March 2026). The company will continue to pursue fixed cost reductions and improvements in production efficiency, aiming for company-wide operating profitability.
After converting the Chinese subsidiary into an equity-method affiliate and removing it from the scope of consolidation, the company is pursuing expansion into high-end, high-value-added products and broadening its sales network through a business alliance with the transferee company. The company will also leverage the solid sales performance of its Philippine subsidiary to rebuild its overseas earnings base.
In the Logistics Equipment Related Business, which maintains high growth with order intake up 135.7% year on year, the company will expand its stable profit contribution by developing customers outside of large fleet segments and continuing to develop products suited to labor-saving needs and diverse usage environments.
The company positions the establishment of the EV Related Business and the creation of new businesses as pillars of its medium- to long-term growth, and is exploring development that leverages its existing manufacturing technology and production systems. At present, this remains at an early stage.
Last updated: July 19, 2026