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NPR-RIKEN CORPORATION ( (JP:6209) ) has provided an update.
NPR-RIKEN CORPORATION will terminate domestic production in Japan of most products in its casting components business, excluding camshafts, by September 2027 as part of its business portfolio reform. The move follows declining demand for steering knuckles and housings amid lower domestic auto production, material shifts from cast iron to aluminum, and increased competition from overseas sourcing.
Aging facilities and rising repair costs have eroded profitability, with the affected operations posting a loss on sales that represented about 23% of the casting components segment and roughly 3% of consolidated revenue in the fiscal year ended March 2025. The company will maintain domestic cast camshaft production and continue casting operations at its Indonesian subsidiary, while planning to reassign the 56 affected employees within the group, and is still assessing the impact on consolidated financial results.
More about NPR-RIKEN CORPORATION
NPR-RIKEN CORPORATION, listed on the TSE Prime Market, operates in the automotive and industrial machinery components sector, with a notable casting components business. The company manufactures and sells products such as steering knuckles, housings, and camshafts, and also conducts casting operations through overseas subsidiaries, including P.T. Pakarti Riken Indonesia in Indonesia.
Average Trading Volume: 106,481
Technical Sentiment Signal: Buy
Current Market Cap: Yen103.5B
Find detailed analytics on 6209 stock on TipRanks’ Stock Analysis page.