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 75th Term (from April 1, 2025 to March 31, 2026).
During this consolidated fiscal year, the economic environment surrounding the Oiles Group remained challenging. While inflationary pressures continued, capital investment in Japan remained firm and personal consumption maintained a gradual recovery trend. Overseas, however, uncertainty surrounding trade policies, the slowdown of the Chinese economy, and heightened geopolitical risks stemming from tensions in the Middle East continued to cloud the outlook for the global economy.
In this environment, the Oiles Group entered the second year of its Long-Term Vision, OILES 2030 VISION, and its Medium-Term Management Plan 2024–2026, which began in fiscal 2024. We continued initiatives aimed at improving profitability through the provision of high-value-added products that meet market needs, while also enhancing our management foundation to support growth and promoting our +X initiatives that create new value.
As a result, for the consolidated fiscal year, net sales totaled ¥68,964 million (+2.0% year-on-year), operating profit was ¥6,958 million (+0.2% year-on-year), ordinary profit was ¥7,239 million (-1.9% year-on-year), and profit attributable to owners of parent was ¥5,009 million (-20.6% year-on-year).
Our results by segment are as follows.
Sales in general industrial products exceeded the previous fiscal year, supported by steady demand for semiconductor-related equipment in Japan and China as well as strong receipt of orders for renewable energy projects both domestically and overseas.
As a result, net sales in general industrial products totaled ¥15,949 million (+7.5% year-on-year), and segment profit was ¥1,668 million (+47.2% year-on-year).
In automotive products, uncertainty in the automotive market continued due to the impact of trade policies and other factors. Nevertheless, we focused on acquiring new customers and expanding product adoption, particularly among non-Japanese manufacturers. These efforts contributed to growing sales for new energy vehicles in China, while market growth and the launch of newly launched projects also supported business performance in India.
As a result, net sales in automotive products totaled ¥34,221 million (+1.2% year-on-year), and segment profit was ¥3,394 million (+0.9% year-on-year).
* See information about bearings here
Sales were secured through railway and general road projects in bridge-use products, as well as urban redevelopment projects and logistics centers in construction-use products. However, delays in the timing of certain projects, together with costs associated with restoring testing equipment following equipment failures and expenses incurred from using external facilities to support shipments, resulted in net sales and profit falling below the previous fiscal year.
As a result, net sales in the structural devices segment totaled ¥11,235 million (-0.7% year-on-year), and segment profit was ¥1,306 million (-33.2% year-on-year).
* See information about structural devices here
Although sales of building-use products showed signs of recovery, overall market conditions remained weak. In addition, the recovery in residential products was slower than expected, resulting in net sales below the previous fiscal year. On the other hand, profit exceeded the previous fiscal year due to the effects of reductions in SG&A expenses.
As a result, net sales in the architectural devices segment totaled ¥5,765 million (-2.9% year-on-year), and segment profit was ¥464 million (+18.6% year-on-year).
* See information about architecture devices here
