MUTOH HOLDINGS CO., LTD.
7999・Standard Market・Electric Appliances
Information & Imaging-Related Equipment (Asia)
Asia core segment serving as the MUTOH Group's manufacturing base
| Period | Current | Previous | Change |
|---|---|---|---|
| External customer sales | ¥4,138 million (full year FY2026 (ending March 2026)) | ¥4,525 million (full year FY2025 (ended March 2025)) | ↓ |
| Segment profit | ¥494 million (full year FY2026 (ending March 2026)) | ¥940 million (full year FY2025 (ended March 2025)) | ↓ |
| Segment assets | ¥8,988 million (full year FY2026 (ending March 2026)) | ¥8,239 million (full year FY2025 (ended March 2025)) | ↑ |
| Depreciation | ¥89 million (full year FY2026 (ending March 2026)) | ¥91 million (full year FY2025 (ended March 2025)) | — |
| Recorded sales including internal sales | ¥7,959 million (full year FY2026 (ending March 2026)) | ¥8,588 million (full year FY2025 (ended March 2025)) | ↓ |
Business Details
A segment centered on the manufacture and sale of information & imaging-related equipment, focused primarily on Asia. Its main products are large-format inkjet printers for graphic arts, CAD drawing output plotters, 3D printers, and related supplies, with production and sales handled by Mutoh Industries Ltd. (which has absorbed and merged with Nippo Co., Ltd.). The segment consolidates the group's manufacturing functions, and recorded sales including internal sales of ¥7,959 million, maintaining the largest scale among all reportable segments.
Recent Overview
Sluggish sales in Asia and North America, plus US additional tariffs, drove lower sales and profit; segment profit fell 47.4% year on year
For full-year FY2026 (ending March 2026), external customer sales were ¥4,138 million (down 8.6% year on year) and segment profit was ¥494 million (down 47.4% year on year), a significant decline in both revenue and profit. The main causes were sluggish sales in the Asia region, the downward pressure on sales and profit from yen appreciation against the dollar, and declining profitability due to US additional tariffs. On the other hand, the company continued to expand its product lineup, launching two new models (XpertJet 1641SR Pro II, XpertJet 1681SR Pro) and beginning sales of UV-LED irradiation devices.
Key Products
Growth Drivers
- Building a stable earnings base through the recurring-revenue model of genuine supplies (centered on Japan, US, and Europe markets)
- Developing new business areas with UV-LED irradiation devices (AMP SPEED brand) targeting demand for mercury lamp replacement
- Differentiation and enhanced competitiveness through the launch of high-value-added new products (XpertJet 1681SR Pro, etc.)
- Expanding the product lineup with multiple new 3D printer models launched annually (expansion into food and education fields)
- Business model innovation through the provision of added value via software and services
Risks
- Declining profitability due to increased burden from US additional tariffs (materialized in full-year FY2026 (ending March 2026), an ongoing risk)
- Downward pressure on sales and profit in the Asia region due to yen appreciation against the dollar
- Continued sluggish sales due to weak domestic demand across Asia, including China
- Deterioration of cost of sales ratio due to rising raw material and labor costs
- Risk of changes in business policy following delisting (scheduled for June 10, 2026) resulting from Brother Industries, Ltd.'s acquisition of full ownership
Last updated: June 26, 2025