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It all started with a small wooden bearing.
IR

State of Our Business

First, we would like to once again thank our shareholders for your ongoing support.
Here we will provide a report on the overall state of our businesses during the 74th Term (from April 1, 2024 to March 31, 2025).
During this consolidated fiscal year, the economic environment surrounding the Oiles Group remained uncertain. While personal consumption and inbound demand showed signs of recovery and capital investment continued steadily, concerns persisted due to global monetary tightening, the slowdown of the Chinese economy, geopolitical instability, and uncertainty surrounding future U.S. policy trends. In this environment, our corporate Group launched its Long-Term Vision: OILES 2030 VISION, and began the three-year Medium-Term Management Plan (FY2024 to FY2026) aimed at realizing that vision. We actively pursued capital investment to drive business growth, while also working to enhance our management foundation and internal infrastructure to support that growth. The results for the consolidated fiscal year were net sales of ¥67,604 million (−1.7% year-on-year), operating profit of ¥6,942 million (−4.8% year-on-year), ordinary profit of ¥7,381 million (−5.3% year-on-year), and profit attributable to owners of parent of ¥6,308 million (+15.2% year-on-year).
Our results by segment are as follows.

Bearings

Oil-less bearings either require no lubrication or can dramatically reduce the frequency and volume of lubrication, and they are widely used in many types of industrial machinery including automotive from the perspectives of resource conservation and the environment.

Sales in general industrial products were strong, driven by a recovery in demand for bearings used in molding machines and machine tools. In addition, sales expansion for semiconductor manufacturing equipment and renewable energy-related applications contributed to both net sales and profit exceeding the previous fiscal year. As a result, net sales in general industrial products totaled ¥14,830 million (+4.7% year-on-year), and segment profit was ¥1,133 million (+13.4% year-on-year). Sales in automotive products were impacted by production stoppages at certain domestic automakers. However, overseas sales exceeded the previous fiscal year, supported by expanded sales to both Japanese and non-Japanese manufacturers in regions such as North America, China, and India.
As a result, net sales in automotive products totaled ¥33,804 million (+4.4% year-on-year), and segment profit was ¥3,363 million (+32.4% year-on-year).

* See information about bearings here

Structural Devices

Seismic isolation and vibration control technologies protect human life, social property, and urban functions from earthquakes. These technologies were developed as derivatives of our tribology (friction, wear and lubrication) technology, which has been cultivated through many years of research and development on oil-less bearings.

Sales of bridge-use products remained strong, particularly in areas related to expressways and bullet trains. In construction-use products, while projects such as logistics centers and urban redevelopment properties were completed, delays in the construction schedule of several planned projects due to labor shortages led to a year-on-year decline in both sales and profit in the structural devices segment overall.
As a result, net sales in the structural devices segment totaled ¥11,311 million (-14.8% year-on-year), and segment profit was ¥1,956 million (-36.9% year-on-year).

* See information about structural devices here

Architectural Devices

Our architectural device products can freely manipulate wind and sunlight to create comfortable, safe indoor environments. They are used in many different types of buildings, from high-rise buildings and public facilities to hospitals, residences, and more.

Sales in building-use Window Operators for renovation projects exceeded the previous fiscal year. However, sales in newly launched projects and residential products declined compared to the previous fiscal year, resulting in a year-on-year decrease in both sales and profit in the architectural devices segment overall.
As a result, net sales in the architectural devices segment totaled ¥5,938 million (-7.1% year-on-year), and segment profit was ¥391 million (-29.3% year-on-year).

* See information about architecture devices here