PEGASUS
Basic Information
- Stock Code
- 6262
- Industry
- Machinery
- Category Detail
- Manufacturing Machinery & Electrical Equipment
- Prefecture
- Osaka Prefecture
- Establishment Year
- January 1947
- Listing Year
- February 2006
- Official Website
- https://www.pegasus.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Synchro, Tsudakoma Kogyo, Shima Seiki Mfg., JUKI, Janome, UMC Electronics
Overview
PEGASUS is a global leading company in industrial sewing machines in the machinery industry, founded in 1914, and also engages in automotive parts manufacturing, boasting high technological capabilities and approximately 40% world market share.
Current Situation
PEGASUS recorded consolidated sales of approximately 22 billion yen and operating profit of approximately 1.57 billion yen for the fiscal year ending March 2025, maintaining its top global share in the industrial sewing machine market. Its mainstay products are coverstitch sewing machines used for knits and others, and it has also entered the automotive die-cast parts manufacturing business. By strengthening technological collaboration, it is promoting cooperation with Brother Industries in parts procurement and sales to enhance product competitiveness. For overseas expansion, it has established local subsidiaries in China, Vietnam, and Mexico to build a global production and sales network. It employs approximately 1,280 people on a consolidated basis and has a stable organizational structure. Moving forward, it will focus on developing and expanding parts compatible with the electrification of the automotive industry, aiming for mid- to long-term growth. From a sustainability perspective, it is also considering reducing environmental impact and introducing energy-saving products. It is strengthening its revenue base through diversified business development leveraging its strengths in industrial sewing machine technology.
Trivia
Interesting Facts
- Holds approximately 40% share of the global coverstitch sewing machine market.
- Has been involved in sewing machine business since the 1920s, boasting over 100 years of history.
- Attracts attention in the industry for sales and procurement collaboration with Brother Industries.
- Possesses rare technology specialized in sewing machines for knit products.
- Diversified into automotive seat belt parts manufacturing.
- Has local subsidiaries worldwide to address global markets.
- Headquartered in Fukushima-ku, Osaka City, collaborating with traditional local industries.
- One of the few publicly listed companies in the sewing machine manufacturing industry.
- Products significantly contribute to safety and quality in the apparel industry.
- Changed company name to PEGASUS Corporation in 2023.
- Company name matches its specialized industrial sewing machine brand.
- Establishing overseas bases in various regions to advance local production.
- Holds numerous patents for technological exclusivity.
- Employee count stable at 1,281 consolidated in 2021.
- Applies advanced metal processing technology to automotive parts.
Hidden Connections
- Mutual dependence in parts procurement through alliance with Brother Industries.
- Owns overseas production subsidiaries in Vietnam and Mexico, building an international production network.
- Machinery for textile industry supports production for a wide range of apparel manufacturers.
- Diversified revenue sources by entering automotive safety parts market.
- Contributes to regional industry revitalization through collaboration with local SMEs in Osaka.
- Advanced sewing technology has potential applications in medical suturing devices, etc.
- Major financial institutions such as custodian banks support stable management as top shareholders.
- Engages in technical cooperation with local universities and research institutions in product development.
Future Outlook
Growth Drivers
- Increasing demand for automotive parts due to strengthening global safety standards
- Recovery in textile industries, especially in emerging Asian markets
- Efficiency gains from digitalization and automation of manufacturing processes
- Shift to environmentally compliant products and expansion of energy-saving products
- Enhanced customization to meet diversifying customer needs
- Active product development with new materials and technologies
- Strengthened collaboration with partner companies such as Brother Industries
- Improved global competitiveness through expansion of overseas production bases
- Shift to management emphasizing sustainability
- Talent acquisition and technology succession through engineer development
Strategic Goals
- Achieve 45% global share in industrial sewing machine market
- Expand automotive parts business to 40% of consolidated sales
- Establish carbon-neutral manufacturing processes
- Become a global company with overseas sales ratio exceeding 60%
- Innovate product lineup and ensure energy-saving compliance
- Improve productivity by 20% through digital technology introduction
- Enhance corporate evaluation based on sustainability metrics
- Strengthen CSR activities through co-creation with local communities
- Set targets for improved consolidated employee satisfaction and retention rates
- Maintain at least 3 new technology patent applications per year
Business Segments
Industrial Sewing Machine Manufacturing and Sales
- Overview
- Global manufacturing and sales of industrial sewing machines, providing high-precision machinery.
- Competitiveness
- Niche coverstitch technology with approximately 40% global share
- Customers
-
- Sewing factories
- Apparel manufacturers
- Apparel brands
- Industrial machinery trading companies
- Overseas agents
- OEM manufacturers
- Industrial machinery leasing companies
- Specialized machinery retailers
- Industry associations
- Products
-
- Coverstitch sewing machines
- Lockstitch sewing machines
- Overlock sewing machines
- Embroidery sewing machines
- Sewing machine parts
Automotive Parts Manufacturing
- Overview
- High-precision automotive parts manufacturing centered on seat belt components, expanding in the market.
- Competitiveness
- Precision manufacturing technology leveraging industrial sewing machine expertise
- Customers
-
- Automakers
- Auto parts manufacturers
- Overseas automakers
- Safety equipment suppliers
- Automotive parts trading companies
- Transportation equipment manufacturers
- Auto repair shops
- Products
-
- Seat belt retractors
- Die-cast parts
- Cast parts
- Automotive metal parts
Overseas Production and Sales Base Operations
- Overview
- Operates production bases in China, Vietnam, and Mexico, expanding a global sales network.
- Competitiveness
- Multinational production collaboration and regional characteristics utilization
- Customers
-
- Local customers
- Sales agents
- International logistics providers
- Products
-
- Industrial sewing machines
- Automotive parts
Maintenance and Services
- Overview
- After-sales service business involving maintenance, inspection, and repair of sewing machine products.
- Competitiveness
- Prompt and specialized service response
- Customers
-
- Sewing machine users
- Manufacturers
- Agents
- Products
-
- Product maintenance
- Technical support
- Parts supply
Competitive Advantage
Strengths
- High technological capability in coverstitch sewing machine manufacturing
- Top position with approximately 40% global share
- Diversification into automotive parts sector
- Strong business alliance with Brother Industries
- Global expansion through extensive overseas bases
- Stable financial base and ample capital
- Experienced management team and workforce
- High-quality parts supply and manufacturing capacity
- Rich product lineup and brand
- Production system leveraging regional characteristics
- Scale of approximately 1,280 consolidated employees
- Stability with total assets of approximately 46.3 billion yen
- Risk diversification through diversification
- Flexibility in responding to customer needs
- Ownership of intellectual property rights
Competitive Advantages
- World No.1 coverstitch sewing machine share of approximately 40%
- High-precision manufacturing technology in automotive parts
- Strong sales network and partnerships
- Cost competitiveness through overseas production
- Long-standing brand reliability
- Stability from diverse business portfolio
- Superiority in technology and ongoing R&D
- Customer-centric customization
- Vertically integrated supply chain management
- Market risk reduction through multinational expansion
- Specialized after-sales service system
- Strong funding capabilities
- Global quality control system
- Talent development supporting sustainable growth
- Reliability through reduced manufacturing errors
Threats
- Global textile industry downturn
- Rapid electrification transformation in automotive industry
- Low-price offensives from overseas competitors
- Rising material prices and procurement risks
- Profit pressure from exchange rate fluctuations
- Rapid advancement of new technologies and delayed response
- Reduced capital investment due to economic downturn
- International trade friction and tariff risks
- New entrants of small-scale high-performance manufacturers
- Strengthened environmental regulations and sustainability demands
- Talent shortages and technology succession challenges
- Supply chain disruptions from pandemics, etc.
Innovations
2023: Enhanced Development of High-Precision Automotive Die-Cast Parts
- Overview
- Established high-precision parts manufacturing technology applying new materials for the automotive industry.
- Impact
- Succeeded in improving product quality and expanding new orders
2022: Launch of Energy-Saving Coverstitch Sewing Machine Models
- Overview
- Launched new sewing machines achieving 20% reduction in power consumption compared to conventional models.
- Impact
- Improved customer satisfaction through reduced operating costs
2021: Introduction of IoT-Based Remote Monitoring System for Manufacturing Machines
- Overview
- Enabled real-time monitoring of manufacturing equipment operation status.
- Impact
- Improved production efficiency and reduced maintenance costs
2020: Strengthened Joint Exhibitions and Technical Exchanges with Brother Industries
- Overview
- Deepened technical collaboration in addition to sales and parts procurement to enhance market competitiveness.
- Impact
- Improved sales efficiency and expanded customer base
Sustainability
- Promotion of energy conservation in manufacturing processes
- Strengthening waste reduction and recycling systems
- Expansion of eco-design products
- Optimization of material selection to reduce environmental impact
- Participation in environmental conservation activities with local communities
- Employee environmental education and awareness enhancement
- Application of environmental standards in supply chain
- Promotion of green procurement
- Ongoing evaluation of carbon footprint
- Maintenance and renewal of ISO14001 certification
- Exploration of sustainable resource utilization
- Enhanced environmental measures in automotive parts manufacturing