Metal Products Companies Ranked by Operating Margin (FY2026, 11 companies)

11 companies · FY2026 results (earnings releases, consolidated)

TOCALO ranks first for operating margin in the Metal Products industry at 24.1%. The top three are TOCALO (24.1%), RS Technologies (18.6%) and Sanwa (12.0%).

Across the 11 companies the average is 9.8% and the median 8.0%. LIXIL comes last at 1.9%, a gap of 22.2 percentage points to the leader.

4 of 11 companies are above the average.

Share prices, forecasts and results for Metal Products Industry

Metal Products Industry TOP3

1
TOCALOMetal Products Industry24.1%
2
RS TechnologiesMetal Products Industry18.6%
3
SanwaMetal Products Industry12.0%

Companies: 11
Average: 9.8%
Median: 8.0%
All-industry average: 11.1%-1.3pt difference
Above average: 4of 11

Operating margin ranking: Metal Products Industry

11 companies

RankCompanyAverage 9.8%Operating marginRevenueShares 1Y

1
TOCALO343324.1%24.1%¥58.5B+16.9%
2
RS Technologies344518.6%18.6%¥76.7B+26.5%
3
Sanwa592912.0%12.0%¥660.7B−6.5%
4
Rinnai594710.7%10.7%¥470.4B+0.0%
5
Yokogawa Bridge59119.4%9.4%¥143.9B+0.6%
6
Miyaji EG34318.0%8.0%¥56.7B−30.0%
7
Topre59757.4%7.4%¥378.8B+41.3%
8
Bunka Shutter59306.6%6.6%¥236.3B−7.0%
9
NHK Spring59915.6%5.6%¥816.9B−0.1%
10
Toyo Seikan59013.7%3.7%¥922.5B+29.3%
11
LIXIL59381.9%1.9%¥1.5T−2.8%

Shares 1Y is a closing-price reference (vs. about a year earlier).

Financials and pay compared

The same companies on other measures

Rank	Company	Operating margin	Average salary	Revenue	Operating profit
1	TOCALO3433	24.1%	¥7.98M	¥58.5B	¥14.1B
2	RS Technologies3445	18.6%	¥6.40M	¥76.7B	¥14.3B
3	Sanwa5929	12.0%	-	¥660.7B	¥79.1B
4	Rinnai5947	10.7%	¥7.41M	¥470.4B	¥50.5B
5	Yokogawa Bridge5911	9.4%	¥8.60M	¥143.9B	¥13.5B
6	Miyaji EG3431	8.0%	-	¥56.7B	¥4.5B
7	Topre5975	7.4%	¥7.19M	¥378.8B	¥28.0B
8	Bunka Shutter5930	6.6%	¥7.52M	¥236.3B	¥15.6B
9	NHK Spring5991	5.6%	¥7.91M	¥816.9B	¥45.8B
10	Toyo Seikan5901	3.7%	¥7.55M	¥922.5B	¥34.2B
11	LIXIL5938	1.9%	¥7.30M	¥1.5T	¥28.4B

Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.