Higher revenue and earnings in the Korea segment driven by electric water pumps and other products
First written in FY2018-Q2. 17 of 33 entries say "Advanced", first in FY2018-Q3. Latest entry: 2026-11-13.
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- FY2026MitigatedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of constant-velocity joints in the new-vehicle parts market and tensioners, idlers and bearings in the overseas aftermarket declined, while export costs increased. However, sales of electrification-related products such as integrated thermal modules increased, and retirement benefit expenses decreased by ¥529 million due to the actuarial impact on retirement benefit obligations, compared with an additional expense of ¥811 million in the previous fiscal year. As a result, net sales were ¥67,530 million, up 0.1% year on year, and segment profit was ¥2,883 million, up 45.0%.」
Although sales of constant-velocity joints and other products declined and export costs increased, higher sales of electrification-related products and lower retirement benefit expenses resulted in a 0.1% increase in revenue and a 45.0% increase in profit for the Korea segment. - 2026-05-18AdvancedResults
「電動化対応製品のインテグレーテッド・サーマル・モジュールなどの販売が増加したことに加えて、退職給付債務の数理計算上の影響による退職給付費用の減少529百万円（前期は追加発生811百万円）の影響を受けるなどした結果、売上高67,530百万円（前期比0.1％増）、セグメント利益2,883百万円（同45.5％増）となりました。」
韓国セグメントは電動化対応製品の販売増加等により増益となった。 - FY2026-H1WorsenedAnnual report
「Although sales of electrification-related products such as integrated thermal modules in the new-vehicle parts market increased at consolidated subsidiary GMB KOREA CORP., sales of constant-velocity joints and tensioners, idlers and bearings in the overseas aftermarket declined. As a result, net sales were ¥32,574 million, down 5.4% from the same interim period of the previous year, and segment profit was ¥821 million, down 38.4%.」
Although sales of electrification-related products increased, the Korea segment recorded lower revenue and lower profit due to decreased sales of constant-velocity joints and overseas aftermarket parts. - FY2025AdvancedAnnual report
「As a result of increased sales of electrification-related products such as integrated thermal modules and valve spools in the new-vehicle parts market at consolidated subsidiary GMB KOREA CORP., as well as a decrease from the previous fiscal year in the actuarial impact on retirement benefit expenses, net sales were ¥67,434 million, up 7.8% year on year, and segment profit was ¥1,988 million, up 40.2%.」
The Korea segment recorded a 7.8% increase in revenue and a 40.2% increase in profit, driven by higher sales of electrification-related products and valve spools and a reduced impact from retirement benefit expenses. - FY2025-H1AdvancedAnnual report
「As a result of increased sales of valve spools in the new-vehicle parts market, in addition to electrification-related products such as integrated thermal modules at consolidated subsidiary GMB KOREA CORP., net sales were ¥34,425 million, up 13.1% year on year, and segment profit was ¥1,333 million, up 22.7%.」
The Korea segment recorded a 13.1% increase in revenue and a 22.7% increase in profit, driven by higher sales of electrification-related products and valve spools. - FY2024-Q3AdvancedAnnual report
「As a result of increased sales in the new-vehicle parts market, mainly of electrification-related products such as electric water pumps, integrated thermal modules and electric oil pumps at consolidated subsidiary GMB KOREA CORP., net sales were ¥46,485 million, up 27.0% year on year, and segment profit was ¥1,794 million, up 282.8%.」
The Korea segment recorded a 27.0% increase in revenue and a 282.8% increase in profit, driven by higher sales of new-vehicle parts, mainly electrification-related products. - FY2024-Q2AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales in the new-vehicle parts market increased, driven mainly by products supporting vehicle electrification, such as electric water pumps and integrated thermal modules. As a result, revenue was ¥30,433 million, up 28.7% year on year, and segment profit was ¥1,086 million, up 101.8%.」
In the Korea segment, sales increased, driven mainly by products supporting vehicle electrification, such as electric water pumps and integrated thermal modules, resulting in a 28.7% increase in revenue and a 101.8% increase in profit. - FY2024-Q1AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales in the new-vehicle parts market increased, driven mainly by products supporting vehicle electrification, such as electric water pumps, integrated thermal modules and electric oil pumps. As a result, revenue was ¥14,547 million, up 30.6% year on year, and segment profit was ¥513 million, up 19.1%.」
In the Korea segment, sales of new-vehicle parts, mainly products supporting vehicle electrification, increased, resulting in a 30.6% increase in revenue and a 19.1% increase in segment profit. - FY2023AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased and the range of products handled in the overseas aftermarket expanded. In addition, retirement benefit expenses declined in response to interest-rate conditions in Korea. As a result, revenue was ¥50,861 million, up 22.3% from the previous fiscal year, and segment profit was ¥2,505 million, up 58.7%.」
The Korea segment reported a 22.3% increase in revenue and a 58.7% increase in profit due to higher electric water pump sales, expansion of overseas aftermarket products, and lower retirement benefit expenses. - FY2023-Q3AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, and the range of products handled in the overseas aftermarket expanded. As a result, revenue was ¥36,599 million, up 21.0% year on year, and segment profit was ¥468 million, up 18.9%.」
The Korea segment reported a 21.0% increase in revenue and an 18.9% increase in profit due to higher electric water pump sales and an expanded range of overseas aftermarket products. - FY2023-Q2RestatedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, and the range of products handled in the overseas aftermarket expanded. As a result, revenue was ¥23,646 million, up 13.5% year on year, and segment profit was ¥538 million, up 38.5%.」
The Korea segment continued to report higher revenue and earnings due to higher electric water pump sales and an expanded range of overseas aftermarket products. - FY2023-Q1AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, and the range of products handled in the overseas aftermarket expanded. As a result, revenue was ¥11,135 million, up 10.0% year on year, and segment profit was ¥430 million, up 101.6%.」
The Korea segment reported a 10.0% increase in revenue and a 101.6% increase in profit due to higher electric water pump sales and an expanded range of overseas aftermarket products. - FY2022AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps, valve spools and constant-velocity joints increased. As a result, revenue was ¥41,595 million, up 24.6% from the previous fiscal year, and segment profit was ¥1,579 million, compared with a loss of ¥407 million in the previous fiscal year.」
The Korea segment reported a 24.6% increase in revenue due to higher sales of electric water pumps and other products, shifting from a loss in the previous fiscal year to profit of ¥1,579 million. - FY2022-Q3AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, while demand affected by COVID-19 had been recovering since the second half of the previous fiscal year. Sales of valve spools and constant-velocity joints in the new-vehicle parts market also increased. As a result, revenue was ¥30,238 million, up 29.5% year on year, and segment profit was ¥394 million, compared with a loss of ¥1,041 million in the same period of the previous year.」
The Korea segment reported a 29.5% increase in revenue due to recovering demand and higher sales of electric water pumps and other products, while segment results shifted from a loss of ¥1,041 million to profit of ¥394 million. - FY2022-Q2AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, while demand affected by COVID-19 had been recovering since the second half of the previous fiscal year. Sales of valve spools and constant-velocity joints in the new-vehicle parts market also increased. As a result, revenue was ¥20,827 million, up 39.2% year on year, and segment profit was ¥388 million, compared with a loss of ¥682 million in the same period of the previous year.」
The Korea segment reported a 39.2% increase in revenue due to higher sales of electric water pumps and other products and recovering demand, while segment results shifted from a loss of ¥682 million to profit of ¥388 million. - FY2022-Q1AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, while demand affected by COVID-19 had been recovering since the second half of the previous fiscal year. Sales of valve spools in the new-vehicle parts market and tensioners, idlers and bearings in the overseas aftermarket also increased. As a result, revenue was ¥10,126 million, up 19.2% year on year. In terms of profit, efforts to strengthen competitiveness, including cost reductions, resulted in segment profit of ¥213 million, up 105.1%.」
The Korea segment reported a 19.2% increase in revenue and a 105.1% increase in profit due to higher sales of electric water pumps, new-vehicle parts and overseas aftermarket parts, as well as cost reductions. - FY2021WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., production adjustments by automakers due to the spread of COVID-19 led to lower sales of new-vehicle parts such as constant-velocity joints and valve spools. Sales of tensioners, idlers and bearings in the overseas aftermarket also declined, and the decrease in revenue could not be fully offset by cost-cutting efforts, including temporary production stoppages and curbs on investment and other expenses. As a result, revenue was ¥33,371 million, down 10.8% from the previous fiscal year, and the segment posted a loss of ¥407 million, compared with profit of ¥836 million in the previous fiscal year.」
The Korea segment could not offset lower sales of new-vehicle and overseas aftermarket parts, shifting from profit of ¥836 million in the previous fiscal year to a loss of ¥407 million. - FY2021-Q3WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., production adjustments by automakers due to the spread of COVID-19 led to lower sales of new-vehicle parts such as constant-velocity joints and valve spools. Sales of tensioners, idlers and bearings in the overseas aftermarket also declined, and the decrease in revenue could not be fully offset by cost-cutting efforts, including temporary production stoppages and curbs on investment and other expenses. As a result, revenue was ¥23,354 million, down 14.5% year on year, and the segment posted a loss of ¥1,041 million, compared with profit of ¥165 million in the same period of the previous year.」
The Korea segment could not offset lower sales of new-vehicle and overseas aftermarket parts, shifting from profit of ¥165 million in the same period of the previous year to a loss of ¥1,041 million. - FY2021-Q2WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., production adjustments by automakers due to the spread of COVID-19 led to lower sales of new-vehicle parts such as constant-velocity joints and valve spools. Sales of tensioners, idlers and bearings in the overseas aftermarket also declined, and the decrease in revenue could not be fully offset by cost-cutting efforts, including temporary production stoppages and curbs on investment and other expenses. As a result, revenue was ¥14,967 million, down 20.1% year on year, and the segment posted a loss of ¥682 million, compared with profit of ¥165 million in the same period of the previous year.」
The Korea segment reported a 20.1% decline in revenue due to lower sales of new-vehicle and overseas aftermarket parts, shifting from profit of ¥165 million in the same period of the previous year to a loss of ¥682 million. - FY2021-Q1Higher Earnings Despite Lower RevenueAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of electric water pumps increased, but sales of valve spools in the new-vehicle parts market and tensioners, idlers and bearings in the overseas aftermarket declined due to the spread of COVID-19. As a result, revenue was ¥8,498 million, down 6.2% year on year. In terms of profit, efforts to strengthen competitiveness, including cost reductions, resulted in segment profit of ¥104 million, up 1,261.8%.」
The Korea segment reported lower revenue due to decreased sales of new-vehicle and overseas aftermarket parts, while segment profit increased to ¥104 million due to electric water pump sales and cost-cutting efforts. - FY2020AdvancedAnnual report
「Sales of new-vehicle parts such as electric water pumps and constant-velocity joints increased, and the company pursued cost reductions. In addition, the effects of actuarial changes in retirement benefit obligations declined. As a result, revenue was ¥37,418 million, down 4.5%, and segment profit was ¥836 million, up 454.6%.」
The Korea segment continued to report lower revenue, but profit recovered to ¥836 million due to higher sales of electric water pumps and other products, cost reductions, and a decline in the impact of retirement benefit expenses. - FY2020-Q3Continued revenue decline, higher profitAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales were affected by lower sales of water pumps in Korea's new-vehicle parts market and of tensioners, idlers and bearings in the overseas aftermarket, as well as deteriorating profitability caused by changes in new-vehicle part unit prices. However, sales of new-vehicle parts such as electric water pumps and constant-velocity joints increased, and the company pursued cost reductions. As a result, revenue was ¥27,303 million, down 4.3% year on year, while segment profit was ¥165 million, up 117.5%.」
The Korea segment continued to report lower revenue, but segment profit increased 117.5% year on year due to higher sales of electric water pumps and other products and cost reductions. - FY2020-Q2Continued declines in revenue and profit, with the magnitude of the declines narrowingAnnual report
「At consolidated subsidiary GMB KOREA CORP., although sales of new-vehicle parts such as electric water pumps and constant-velocity joints increased, lower sales of water pumps in Korea's new-vehicle parts market and of tensioners, idlers and bearings in the overseas aftermarket, deteriorating profitability caused by changes in new-vehicle part unit prices, and higher personnel expenses could not be fully offset by cost-cutting efforts. As a result, revenue was ¥18,737 million, down 2.7% year on year, and segment profit was ¥165 million, down 23.9%.」
Although sales of electric water pumps and other products increased, the Korea segment could not offset lower sales of water pumps for new vehicles in Korea and overseas aftermarket parts, changes in unit prices, and higher personnel expenses, and continued to report lower revenue and earnings. - FY2020-Q1WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of new-vehicle parts such as electric water pumps and constant-velocity joints increased, while sales of tensioners, idlers and bearings in the overseas aftermarket declined, leaving sales at approximately the previous year's level. In terms of profit, the effects of deteriorating profitability caused by changes in new-vehicle part unit prices could not be fully offset by cost-cutting efforts. As a result, revenue was ¥9,058 million, down 0.5% year on year, and segment profit was ¥7 million, down 86.4%.」
Sales in the Korea segment remained at approximately the previous year's level, but deteriorating profitability caused by changes in new-vehicle part unit prices could not be offset by cost-cutting efforts, resulting in an 86.4% decline in profit. - FY2019WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., although the company pursued market development for electric water pumps, the effects of lower sales of new-vehicle parts such as valve spools and deteriorating profitability caused by changes in new-vehicle part unit prices could not be fully offset by cost-cutting efforts. In addition, higher retirement benefit expenses due to actuarial effects on retirement benefit obligations and expenses related to preparations for the full-scale operation of a new site established in the previous fiscal year were incurred. As a result, revenue was ¥39,184 million, up 0.5%, and segment profit was ¥150 million, down 89.1%.」
The Korea segment achieved only marginal revenue growth, while profit fell 89.1% due to lower sales, changes in unit prices, expenses related to the new site, and higher retirement benefit expenses. - FY2019-Q3WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., the effects of lower sales of new-vehicle parts such as valve spools to Korean automakers and affiliated parts manufacturers, together with deteriorating profitability caused by changes in new-vehicle part unit prices, could not be fully offset by cost-cutting efforts. In addition, expenses related to preparations for the full-scale operation of a new site established in the previous fiscal year were incurred. As a result, revenue was ¥28,517 million, down 3.0%, and segment profit was ¥76 million, down 90.5%.」
The Korea segment continued to report lower revenue and earnings, with the decline in segment profit widening from 69.2% at the second-quarter cumulative stage to 90.5%. Expenses related to preparations for the full-scale operation of the new site were also identified as a performance factor. - FY2019-Q2Continued declines in revenue and profit, with the magnitude of the declines narrowingAnnual report
「At consolidated subsidiary GMB KOREA CORP., the effects of lower sales of new-vehicle parts such as valve spools to Korean automakers and affiliated parts manufacturers, together with deteriorating profitability caused by changes in new-vehicle part unit prices, could not be fully offset by cost-cutting efforts. As a result, revenue was ¥19,249 million, down 2.6% year on year, and segment profit was ¥218 million, down 69.2%.」
The Korea segment continued to report lower revenue and earnings, with revenue down 2.6% year on year and profit down 69.2%. - FY2019-Q1WorsenedAnnual report
「At consolidated subsidiary GMB KOREA CORP., the effects of lower sales of new-vehicle parts such as valve spools to Korean automakers and affiliated parts manufacturers, together with deteriorating profitability caused by changes in new-vehicle part unit prices, could not be fully offset by cost-cutting efforts. As a result, revenue was ¥9,102 million, down 8.4% year on year, and segment profit was ¥56 million, down 84.9%.」
The Korea segment shifted from higher revenue and earnings through the previous fiscal year to lower revenue and earnings, reflecting lower new-vehicle parts sales and deteriorating profitability caused by changes in unit prices. - FY2018AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of new-vehicle parts such as electric water pumps to Korean automakers and affiliated parts manufacturers increased. As a result, revenue was ¥38,985 million, up 3.6%, and segment profit was ¥1,381 million, up 23.9%.」
In the Korea segment, increased sales of new-vehicle parts such as electric water pumps continued throughout the fiscal year, with revenue and segment profit exceeding the previous fiscal year. - FY2018-Q3AdvancedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of new-vehicle parts such as electric water pumps and constant-velocity joints to Korean automakers and affiliated parts manufacturers increased. As a result, revenue was ¥29,388 million, up 7.3%, and segment profit was ¥802 million, up 82.3%.」
In the Korea segment, increased sales of new-vehicle parts such as electric water pumps continued, resulting in revenue of ¥29,388 million and segment profit of ¥802 million. - FY2018-Q2First statedAnnual report
「At consolidated subsidiary GMB KOREA CORP., sales of new-vehicle parts such as electric water pumps and constant-velocity joints to Korean automakers and affiliated parts manufacturers increased. As a result, revenue was ¥19,767 million, up 4.7% year on year, and segment profit was ¥707 million, up 55.0%.」
For the Korea segment, increased sales of new-vehicle parts such as electric water pumps and constant-velocity joints drove year-on-year increases in both revenue and segment profit. This was documented for the first time as a standalone theme.