Fujibo Holdings, Inc.
3104・Prime Market・Textiles & Apparels
Abrasives Business
Core business of Fujibo Holdings driven primarily by AI and semiconductor demand
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥22,561 million (FY2026 (ending March 2026)) | ¥19,307 million (FY2025 (ended March 2025)) | ↑ |
| Operating Income | ¥6,385 million (FY2026 (ending March 2026)) | ¥4,729 million (FY2025 (ended March 2025)) | ↑ |
| Operating Margin | 28.3% (FY2026 (ending March 2026)) | 24.5% (FY2025 (ended March 2025)) | ↑ |
| Segment Assets | ¥27,268 million (FY2026 (ending March 2026)) | ¥25,026 million (FY2025 (ended March 2025)) | ↑ |
| Capital Expenditures (Increase in Tangible and Intangible Fixed Assets) | ¥2,985 million (FY2026 (ending March 2026)) | ¥3,628 million (FY2025 (ended March 2025)) | ↓ |
| Sales to Major Customer (Sumitomo Corporation Chemical Co., Ltd.) | ¥10,887 million (FY2026 (ending March 2026)) | ¥8,229 million (FY2025 (ended March 2025)) | ↑ |
Business Details
Manufactures and sells ultra-precision processing abrasives (such as CMP Polishing Pads) and Functional Nonwoven Fabric. Supplies IT-related companies worldwide for use in diverse IT device manufacturing processes, including semiconductor device applications (CMP), silicon wafer applications, hard disk applications, and LCD glass applications. Sales to the major customer, Sumitomo Corporation Chemical Co., Ltd., expanded rapidly to ¥10,887 million in the current fiscal year (¥8,229 million in the prior year), accounting for approximately 23.7% of total group sales.
Recent Overview
Both sales and profit reached record highs, driven by AI and data center demand
In the Abrasives Business for FY2026 (ending March 2026), net sales reached ¥22,561 million (up ¥3,253 million, or 16.9%, year on year), and operating income reached ¥6,385 million (up ¥1,655 million, or 35.0%, year on year), achieving substantial growth in both revenue and profit. This was driven by a combination of factors: increased demand for semiconductor CMP for leading-edge logic amid the spread of generative AI, recovery in hard disk demand for data centers, and increased orders for LCD glass applications due to China's home appliance subsidy policy. The operating margin improved 3.8 points year on year to 28.3%, further enhancing its presence as the core business accounting for 78.4% of the group's total operating income.
Key Products
Growth Drivers
- Continued expansion of demand for semiconductor CMP for HBM and leading-edge logic driven by the spread of generative AI
- Recovery in demand for hard disk applications amid increasing data center investment
- Strong demand for LCD panels and increased orders for LCD glass applications due to China's home appliance subsidy policy
- Solid earnings outlook for the next fiscal year (FY2027, ending March 2027) against a backdrop of continued expansion in AI-related investment
- Rapid expansion of sales to the major customer, Sumitomo Corporation Chemical Co., Ltd. (up 32.3% year on year to ¥10,887 million)
Risks
- Risk of continued sluggish demand for silicon wafer general-purpose applications
- Impact on the semiconductor supply chain from fluctuations in U.S. trade policy (tariffs) (an approximately 5% decrease in operating income due to rising raw material and fuel costs has already been factored into the forecast for the next fiscal year)
- Deterioration of market conditions due to geopolitical risks (situations in the Middle East and East Asia)
- Risk of order fluctuations due to sudden changes in semiconductor market conditions (dependence on specific customers and applications)
- Risk of profit pressure due to rising raw material and fuel prices and timing gaps in passing costs on to sales prices
Last updated: June 24, 2026