SHIKIBO LTD.
3109・Prime Market・Textiles & Apparels
Textiles
Core segment of Shikibo manufacturing and selling textile products such as yarn, fabric, and knits
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥24,644 million | ¥20,211 million | ↑ |
| Operating income | ¥474 million | ¥254 million | ↑ |
| Segment assets | ¥29,354 million | ¥21,155 million | ↑ |
| Depreciation and amortization | ¥312 million | ¥278 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥529 million | ¥388 million | ↑ |
| Impairment loss | ¥109 million | ¥0 million | ↑ |
| Gain on bargain purchase (extraordinary income) | ¥550 million | ¥0 million | ↑ |
Business Details
Comprises five businesses: yarn sales, export apparel (fabrics for Middle Eastern traditional costumes), uniforms, knit products, and lifestyle materials. Provides yarn, fabric, knits, and secondary products to domestic and overseas customers. Business scale expanded significantly following the business transfer from Unitika Trading Co., Ltd. and others in December 2025. The segment promotes higher value-added products centered on Sustainable Materials and Functional Materials, and is expanding overseas production and sales bases across multiple countries.
Recent Overview
Substantial increase in revenue due to the Unitika Group business transfer; operating income up 86.3% year on year
In FY2026 (ending March 2026), the Textiles segment recorded sales of ¥24,644 million (up 21.9% year on year) and operating income of ¥474 million (up 86.3% year on year). As of December 30, 2025, the company acquired a portion of the apparel textile business of Unitika Trading Co., Ltd., the businesses of UNITIKA (BEIJING) TRADING CO., LTD. and UNITIKA TRADING VIETNAM CO., LTD., and shares of PT. UNITIKA TRADING INDONESIA (total acquisition consideration of ¥3,000 million). As a result of the business transfer, a gain on bargain purchase of ¥550 million was recorded as extraordinary income. On the other hand, an impairment loss of ¥109 million was recorded in the Textiles segment. Goodwill balance stood at ¥178 million (¥26 million for UNITIKA TRADING VIETNAM CO., LTD. and ¥160 million for PT. SHIKIBO MERMAID INDONESIA, amortized evenly over 8 years and 5 years respectively).
Key Products
Growth Drivers
- Expansion of business scale in uniforms, bedding products, and other areas through the business transfer from Unitika Trading Co., Ltd. and others (full-year contribution expected in FY2027, ending March 2027)
- Expansion of sales of Sustainable Materials (Bio Grande®, Saisei®, Cotresin®)
- Strengthening of overseas production and sales structure through the addition of new bases in Indonesia (Jakarta), China (Beijing), and Vietnam (Hanoi)
- Continued strong performance of high-value-added custom-order yarns (sustainable materials, high-functionality yarns) in the yarn sales business
- Promotion of priority issues for the Textiles segment under the medium-term management plan "TG25-27" (global sales expansion, new customer development)
Risks
- Risk of declining demand in the Export Apparel Business (fabrics for Middle Eastern traditional costumes) due to deterioration in the Middle East situation (not factored into earnings forecast assumptions)
- Uncertainty regarding integration costs/acquisition-related expenses (¥237 million already recorded as corporate expenses) associated with the business transfer from the Unitika Group, and realization of integration synergies
- Foreign exchange risk (impact on earnings of the export apparel business and overseas subsidiaries)
- Risk of rising manufacturing costs due to surging raw material and energy prices
- Risk of weak demand in the lifestyle materials business, including linen for hospitals, nursing care facilities, and hotels
- Impact on overseas demand and supply chains from trends in U.S. trade policy
Last updated: June 24, 2026