TOKYO SANGYO CO., LTD.
8070・Prime Market・Wholesale Trade
Electric Power Business
Core growth segment of the Group handling equipment sales and maintenance for thermal, nuclear, and power transmission/transformation applications
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year, FY2026 ending March 2026) | ¥23,874 million | ¥15,752 million | ↑ |
| Segment Profit (Full Year, FY2026 ending March 2026) | ¥2,181 million | ¥1,489 million | ↑ |
| Net Sales YoY Change | +¥8,121 million | — | ↑ |
| Segment Profit YoY Change | +¥692 million | — | ↑ |
| Depreciation (Full Year, FY2026 ending March 2026) | ¥12 million | ¥13 million | — |
Business Details
This segment develops sales, maintenance, and services of thermal power plant equipment, nuclear power plant peripheral equipment, power transmission and transformation equipment, and other related products. Major customers are domestic electric power companies and power generation operators. The core thermal power plant maintenance business provides stable earnings support, while expansion into nuclear-related operations and the Biomass Fuel Supply Business is also progressing. This segment is positioned as a strategic segment that captures robust electricity demand and the trend toward energy transition. Affiliated companies include IAH Co., Ltd. and TOKYO SANGYO MALAYSIA SDN.BHD.
Recent Overview
Sales surged 51.7% YoY driven by the start of biomass fuel deliveries and growth in maintenance operations
In FY2026 (ending March 2026), growth in the core thermal power plant maintenance business, combined with the commencement of fuel delivery under all long-term biomass fuel supply contracts, contributed to results. Net sales reached ¥23,874 million (up ¥8,121 million year on year), and segment profit reached ¥2,181 million (up ¥692 million year on year), achieving substantial increases in both revenue and profit. While the Group's overall net sales declined 10.6% year on year, the Electric Power Business stood out as the sole segment with substantial revenue growth, increasing its presence as the core of the Group's earnings structure.
Key Products
Growth Drivers
- Continued stable order intake and growth in maintenance business for thermal power plants
- Full-year contribution to sales from the commencement of fuel delivery under all long-term biomass fuel supply contracts
- Growth in nuclear-related business (demand related to restarts and new construction/expansion)
- Capturing equipment renewal demand driven by robust electricity demand and the trend toward energy transition
- Expansion into new areas such as "nuclear power," "biomass, ammonia, and hydrogen co-firing," and "renewable energy" under the medium-term management plan "T-ScaleUp2027"
- Expansion of transactions derived from agency operations related to thermal and nuclear power generation
Risks
- Risk of order fluctuations due to changes in electric power companies' capital investment plans or fluctuations in power plant operating status
- Risk of medium- to long-term contraction in demand for thermal power plants due to shifts in energy policy (such as accelerated decarbonization)
- Risk of stagnation in nuclear-related business due to tightened nuclear regulations or delays in restarts
- Risk of fluctuation in fuel procurement costs in the Biomass Fuel Supply Business
- Risk of impact on energy procurement and supply due to changes in geopolitical risk
Last updated: June 23, 2026