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Tsubakimoto Chain Co. ( (JP:6371) ) has issued an update.
Tsubakimoto Chain Co. reported extraordinary income and losses for the fiscal year ended March 31, 2026, driven primarily by its business integration with Daido Kogyo Co., Ltd., which became a consolidated subsidiary via a share exchange effective January 1, 2026. This transaction generated a ¥11.6 billion gain on negative goodwill, significantly boosting net income attributable to owners of the parent.
The company also booked substantial impairment losses on customer-related assets, trademarks, and other fixed assets in its U.S. and Chinese subsidiaries, and decided to close its automotive plant in Shanghai as part of a production site reorganization. Despite these restructuring charges, consolidated net sales, operating income, ordinary income, and net income all exceeded the previous forecast, reflecting the contribution from Daido Kogyo and strong performance in the mobility business, and resulting in a 56.4% increase in net income versus the forecast and higher earnings per share.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. is a Japan-based manufacturer specializing in chains, power transmission products, and material handling systems, with a strong presence in mobility-related businesses. The company operates globally through subsidiaries in markets including the U.S. and China, and is listed on the Prime Market of the Tokyo Stock Exchange under code 6371.
Average Trading Volume: 195,244
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen254.8B
For detailed information about 6371 stock, go to TipRanks’ Stock Analysis page.