Full-year forecasts for fiscal 2027, ending March 2027, were revised downward for Toyota-affiliated parts makers フタバ産業, CHUO SPRING CO.,LTD. and ファインシンター. Higher raw material prices and weakness in the Chinese market were cited as the main factors, while 愛三工業 is expected to revise its forecast upward.
Six mid-sized parts makers affiliated with TOYOTA MOTOR CORPORATION announced their consolidated forecasts for the fiscal year ending March 2027, with フタバ産業, CHUO SPRING CO.,LTD. and ファインシンター revising all profit levels downward. The companies cited higher raw material prices, weakness in the Chinese market and delays in passing through higher costs as the main factors. Meanwhile, 愛三工業 revised its revenue and all profit levels upward on higher sales and the benefits of rationalisation.
All companies reported higher revenue for the April-September 2026 period, but 4 companies reported lower operating profit, indicating that challenges remain in restoring performance. The impact of higher raw material prices was particularly significant at 東海理化, where increased material costs had a substantial effect. Higher prices for silver, copper, semiconductors and resin materials were negative factors.
Weakness in the Chinese market also weighed on results. 久恒季之, president of フタバ産業, said that there was “no sign of a bottom,” while CHUO SPRING CO.,LTD. lowered its full-year forecast after production cuts in China exceeded expectations. Intensifying competition from local manufacturers is also an issue. 愛三工業 is expected to benefit from strong demand for hybrid vehicles and a weaker yen.