NHK SpringNHK SPRING CO., LTD.5991東証プライム金属製品FY ending Mar 2026, consolidated, J-GAAP

NHK Spring FY ending Mar 2026 results

About 36% of NHK Spring's sales come from Seating, with Suspension springs and Disk Drive Suspension making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +1.9% from the prior year, operating profit -12.2%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +1.9% · profit -12.2%, calculated from disclosed figures.

Operating leverage: -6.46× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +1.9%¥801.7B → ¥816.9B
Gross profit: +0.6%¥113.1B → ¥113.7B
Operating income: -12.2%¥52.2B → ¥45.8B
Net income attributable to owners: -42.2%¥48.2B → ¥27.9B
Operating cash flow: +39.0%¥55.7B → ¥77.4B
Free cash flow: +184.9%¥12.5B → ¥35.5B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥816.9B, up +1.9% from ¥801.7B.
Operating income fell -12.2% to ¥45.8B, and net income attributable to owners dropped -42.2% to ¥27.9B.
Cash generation improved: operating cash flow rose +39.0% to ¥77.4B, and free cash flow climbed to ¥35.5B.

What drove the change

Data-center demand for high-capacity hard drives lifted suspension volumes in the Disk Drive Suspension segment, though higher fixed costs left its operating income slightly lower
Seating sales and profit fell as Japanese carmakers cut output in Japan and Thailand and the model mix shifted in North America, with one-off costs adding to the drop
Industrial machinery kept growing sales on steady demand for semiconductor process parts, but depreciation on new capacity pulled its profit down
Impairment losses turned extraordinary items into a loss and raised the tax burden, so net income fell much more than operating income

Things to watch

Tariffs: trade policy changes that started in the US are still unfolding, and profits could suffer if the costs cannot be passed on to customers
Raw material and energy prices: price increases are meant to be passed on, but timing gaps can swing profits between periods
Exchange rates: with large overseas production and sales, currency moves affect yen-translated results and export competitiveness

Annual Securities Report (106th term) / Management's analysis of financial position, results and cash flows · Annual Securities Report (106th term) / Business and other risks

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 NHK Spring sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥86
SG&A: ¥8
Operating profit: ¥6
Net profit kept: ¥3

Annual margin trends

Gross margin13.9%

Operating margin5.6%

Net margin3.4%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Seating¥292.6B
36%
Op. margin 2.8%Industry: Auto Parts
Suspension springs¥167.4B
20%
Op. margin 0.4%Industry: Auto Parts
Disk Drive Suspension¥126.8B
16%
Op. margin 20.6%Industry: Electronic Components
Industrial machinery and equipment, and other operations¥124.5B
15%
Op. margin 5.9%Industry: Industrial Machinery
Precision springs and components¥105.6B
13%
Op. margin 3.5%Industry: Auto Parts

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第106期(2025/04/01－2026/03/31)
ID S100YD4O2026-06-17Open
EDINET (FSA Japan)
有価証券報告書－第105期(2024/04/01－2025/03/31)
ID S100W53K2025-06-26Open
EDINET (FSA Japan)
有価証券報告書－第104期(2023/04/01－2024/03/31)
ID S100TSHQ2024-06-26Open
EDINET (FSA Japan)
有価証券報告書－第103期(2022/04/01－2023/03/31)
ID S100R45X2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第102期(令和3年4月1日－令和4年3月31日)
ID S100O8IM2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第101期(令和2年4月1日－令和3年3月31日)
ID S100LRLL2021-06-28Open

Extracted from XBRL: 54 / Derived from other figures: 2

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