# Who does SMC Corporation pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/smc · Facet: suppliers · Updated: 2026-07-12T04:52:37.428175+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: SMC Corporation discloses no named confirmed suppliers/cost counterparties; 3 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 3 cost edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).

### 에너지·인건비·감가상각 (제조원가) (high)
- metric: Amount 1,502억엔 · 설비투자(2026.3기)
- note: Depreciation from aggressive capex, personnel costs and a higher cost ratio squeezed the operating margin from 24.0% to 22.6%; FY-ended-Mar-2026 capex was ¥150.3B.
- [confirms] SMC Corporation / TSE (JA, filing, published 2026-05-14) https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260514/20260513531421.pdf: "Operating profit remained at the same level as the previous fiscal year due to the increase in cost ratio, personnel expenses, and depreciation (22.6% margin)."
- [confirms] BigGo Finance (EN, news, published 2026-05-14) https://finance.biggo.com/news/JP_6273.T_2026-05-14: "Revenue rose to ¥842.5B (+6.4%) but operating profit was flat and the margin slipped from 24.0% to 22.6%."

### 생산능력·글로벌 설비 투자 (신공장 capex·자사주 매입) (high)
- note: SMC's defining capital allocation is aggressive capacity investment ahead of demand — FY2026 capex of ~JPY 150.2bn front-loaded into global new plants and automation pressed the operating margin from 24.0% to 22.6% via depreciation and labor. Alongside it runs a share buyback of up to JPY 50bn (800k shares, through March 2027) for shareholder return — the balance of growth capacity and capital efficiency is the watch item, and its world-No.1 share (~38%) flows from the scale of this forward investment.
- [confirms] TipRanks (EN, news, published 2026-07-01) https://www.theglobeandmail.com/investing/markets/markets-news/Tipranks/3109777/smc-advances-share-buyback-program-on-tokyo-market/: "SMC advancing a buyback of up to JPY 50bn (800k shares) through March 2027 — shareholder return alongside capacity investment."
- [confirms] SMC Corporation / TSE (JA, filing, published 2026-05-14) https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260514/20260513531421.pdf: "FY2026 capex ~JPY 150.2bn — depreciation and labor from aggressive capacity investment moved the operating margin from 24.0% to 22.6%."

### 알루미늄·금속 (실린더·밸브 바디) (mid)
- note: Aluminum and metals are the core materials for cylinder and valve bodies; raw materials and supplies inventory stands at ~¥275B.
- [confirms] SMC Corporation / TSE (JA, filing, published 2026-05-14) https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20260514/20260513531421.pdf: "Consolidated balance sheet shows Raw materials and supplies of ¥274,989M; a higher cost ratio held operating profit flat."
- [confirms] THE ELEC (KO, news, published 2024-11-18) https://www.thelec.kr/news/articleView.html?idxno=32789: "About 2,800 product families underpin 800,000+ products, resting on broad metal-machining and materials procurement."

### 수지·전자부품 (전동 액추에이터·센서) (mid)
- note: Resins and electronic components go into non-pneumatic products such as electric actuators, sensors and chillers; procurement weight rises as the non-pneumatic mix grows.
- [confirms] SMC Corporation (JA, filing, published 2025-05-14) https://finance-frontend-pc-dist.west.edge.storage-yahoo.jp/disclosure/20250514/20250514551170.pdf: "Presents expanded sales of non-pneumatic and energy-saving products such as electric actuators as a growth axis."
- [confirms] THE ELEC (KO, news, published 2024-11-18) https://www.thelec.kr/news/articleView.html?idxno=32789: "Expanding the non-pneumatic lineup (chillers, electric actuators, sensors, valves) from 15-20% toward 40% raises sourcing of electronic and resin parts."

Reverse side: https://valuechain.wiki/smc/customers.md · Ripple: https://valuechain.wiki/smc/ripple.md

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Full node: https://valuechain.wiki/smc.md · JSON: https://valuechain.wiki/smc.json