KITABO CO.,LTD
3409・Standard Market・Textiles & Apparels
Spinning Business
Core manufacturing business of the group responsible for the production and sale of synthetic spun yarn
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year) | ¥324 million | ¥391 million | ↓ |
| Operating income/loss (full year) | -¥4 million | ¥2 million | ↓ |
| Segment assets (full year) | ¥835 million | ¥851 million | ↓ |
| Depreciation (full year) | ¥12 million | ¥11 million | ↑ |
| Production volume - Aramid fiber (full year) | 394.7t | 493.3t | ↓ |
| Production volume - Spun yarn for premium innerwear (full year) | 90.7t | +15.1% year on year | ↑ |
| Sales to main customer, Teijin Limited | ¥222 million | ¥302 million | ↓ |
Business Details
This business mainly manufactures and sells Aramid Fiber Products (for Protective Clothing), Aramid Fiber Products (for Industrial Materials), Spun Yarn for Premium Innerwear, and synthetic spun yarn such as polyester. The main customer is Teijin Limited (sales of ¥222,436 thousand in the consolidated fiscal year under review). Production declined due to the termination of a large-volume product for protective clothing use, with overall production volume down 20.2% year on year to 394.7t. Continued focus on high-value-added fields such as government demand and promotion of rationalization remain key challenges.
Recent Overview
Production volume decreased over 20% year on year due to the termination of a large-volume protective clothing product, resulting in an operating loss
In FY2026 (ending March 2026), production declined due to the termination of a large-volume product for protective clothing use, with overall aramid fiber production volume down 20.2% year on year to 394.7t. Although there was a temporary increase in production for industrial material applications due to the completion of inventory adjustments, this was insufficient to offset the decline, and net sales came to ¥324 million (down 17.1% year on year), with operating income falling from a profit of ¥2 million in the prior period to a loss of ¥4 million. Spun yarn for premium innerwear remained firm, up 15.1%, but polyester and other materials declined, compounded by the discontinuation of production of standard yarns.
Key Products
Growth Drivers
- Capturing demand through conversion of production to high-value-added fields (such as government demand) for protective clothing applications
- Continued firm demand for spun yarn for premium innerwear (production volume up 15.1% year on year in the current period)
- Earnings improvement through thorough rationalization, including personnel reallocation, and pass-through of processing cost increases (measures under the medium-term management plan)
- Maintaining and improving sales unit prices through price revisions (price increases)
Risks
- Uncertainty regarding the acquisition of substitute demand following the termination of the large-volume protective clothing product
- Decline in demand due to intensifying competition with overseas companies in aramid fiber for industrial material applications
- Weakening competitiveness and discontinuation of production due to price competition with imported polyester and other materials
- Pressure on profits due to rising costs such as labor and electricity costs
- An operating loss has been recorded continuously since the 96th fiscal period, giving rise to material events or conditions that raise substantial doubt about the company's ability to continue as a going concern
Last updated: June 29, 2026