ENVALITH
小松マテーレ株式会社 logo

KOMATSU MATERE Co., Ltd.

3580・Prime Market・Textiles & Apparels

Official website
小松マテーレ株式会社 logo
KOMATSU MATERE Co., Ltd.3580

Business

Komatsu Matere Co., Ltd. is a chemical materials manufacturer founded in 1943, headquartered in Nomi City, Ishikawa Prefecture. Its core business is the planning, development, manufacturing, and sales of synthetic fiber fabrics and thin-film fabrics, and the Textile Business—comprising three divisions: Apparel Fabric (for European luxury brands, North American fashion, and Middle Eastern traditional garments, among others), Industrial Materials Fabric (household-related materials and industrial materials), and the Products Business division—accounts for approximately 98.8% of net sales. In addition to multiple domestic manufacturing sites, the company has established two local subsidiaries in Suzhou, China, and is advancing its overseas expansion. The group structure consists of 8 subsidiaries and 2 affiliated companies, and the company is listed on the Prime Market of the Tokyo Stock Exchange.

Business Model

Through R&D centered on the Technology Development Division (R&D expenses of ¥581 million, holding 113 patents and utility models), the company develops proprietary high-sensitivity, high-performance materials in-house and sells them to apparel and industrial materials manufacturers and trading companies both in Japan and overseas (Toray Industries, Inc. is a major customer, accounting for 17.3% of net sales). The company has built an integrated group structure spanning manufacturing to logistics (subsidiary Komatsu Interlink), aiming to internalize value-added processes and secure profitability.

Company Strengths

Fashion materials for European luxury brands, fashion items for North America, and materials for Middle Eastern traditional garments drove sales, resulting in Textile Business sales of ¥41,063 million (up 5.3% year on year) in FY2026 (ending March 2026). Sales performance in overseas markets is supporting revenue growth.

Centered on the Technology Development Division, the company promotes industry-academia collaboration and cluster activities, and holds 113 patents and utility model rights (with 20 applications pending). It continues to bring proprietary materials to market, such as the non-fluorine durable water-repellent finish "Dantotsu Suihi CZ Evolution" and the low-swelling, highly moisture-permeable waterproof material "QUATTRONI TK," and received the 2025 Technology Award from the Society of Fiber Science and Technology, Japan.

At the end of FY2026 (ending March 2026), net assets stood at ¥39,889 million, with cash and cash equivalents of ¥9,233 million. The company has low reliance on interest-bearing debt and possesses a financial foundation capable of funding capital expenditures (¥3,206 million in the current period) with its own funds. It has also carried out share buybacks (¥1,277 million) and dividend payments (¥1,066 million), confirming its capacity for shareholder returns.

ENVALITH's Perspective

Net income attributable to owners of the parent for FY2026 (ending March 2026) fell sharply to ¥1,500 million (down 48.9% year on year), but this was primarily due to a one-time extraordinary loss of ¥1,232 million from valuation losses on investment securities in unlisted shares. Operating profit of ¥2,502 million (up 14.7% year on year) and ordinary profit of ¥3,208 million (up 13.0% year on year) continued to expand steadily, indicating that the earnings power of the core business remains on an improving trend. Investors need to properly distinguish between the superficial decline in net income and the divergence in core business profit.

The company's forecast for FY2027 (ending March 2027) calls for net sales of ¥42,000 million (up 1.1% year on year), against which operating profit is projected at ¥1,500 million (down 40.1% year on year) and ordinary profit at ¥2,300 million (down 28.3% year on year), indicating a substantial profit retreat. This is against a backdrop in which it is difficult to reasonably estimate the impact of logistics instability, disrupted trade flows, and surging raw material and fuel costs stemming from the escalating situation in the Middle East. As external factors, geopolitical risk and persistently elevated raw material and energy prices continue to weigh on earnings, and the uncertainty surrounding the forecast remains high.

Cash flow from operating activities for FY2026 (ending March 2026) decreased significantly to ¥1,759 million, down from ¥4,793 million in the previous fiscal year. Contributing factors included an increase in corporate tax payments (from ¥826 million to ¥1,061 million), a decrease in trade payables (¥724 million), and an increase in inventories (¥193 million). Meanwhile, expenditure on acquisition of fixed assets increased to ¥3,447 million from ¥3,206 million in the previous fiscal year, and factory reorganization investment is expected to continue even after the second logistics center becomes operational. While the company has ample financial flexibility backed by abundant holding assets, the recovery of operating cash flow will be an important point to confirm in FY2027 (ending March 2027).

Growth Strategy

The company aims to enhance corporate value through five key initiatives: overseas expansion, sustainable materials, the Products Business, DX, and manufacturing environment development.

Continuing to expand sales to European luxury brands and the North American, Middle Eastern, and Asian markets. Komatsu Matere (Suzhou) Consulting Co., Ltd. was newly consolidated for the Chinese market, advancing the development of overseas sales structures and locations. In FY2026 (ending March 2026), overseas-bound Apparel Fabric drove revenue growth.

With the goal of expanding the sales ratio of the Environmentally Friendly Materials Group "Matereco" to 50% by fiscal 2030, the company is expanding materials that combine "environmental impact reduction" with "functionality." External recognition of the company's environmental technology is also increasing, as evidenced by the sludge volume reduction bio-agent "Veriformer (Sludge Volume Reduction Bio-Agent)" receiving the "10th Monodzukuri Nippon Grand Award, Chubu Bureau of Economy, Trade and Industry Director-General's Award."

The consolidation of subsidiaries contributed to increased revenue in the Products segment. In February 2026, the new product-dyeing brand "TINTORIANA" was launched, aiming to enhance the profit contribution of the Products Business by delivering the added value of the company's proprietary materials directly to consumers.

Operations began at the "Second Logistics Center" in September 2025. Following the completion of this center, the company is advancing plant restructuring aimed at improving the manufacturing environment and productivity. Capital expenditure for fixed asset acquisitions increased year-on-year to ¥3,447 million in FY2026 (ending March 2026), reflecting continued active capital investment.

Leveraging the launch of the new core system as an opportunity, the company is promoting structural reform and productivity improvement, aiming to maximize the value of human capital through enhanced value-added labor productivity. This is positioned as the most critical challenge of the medium-term management plan "KFW-2026," aiming for a fundamental strengthening of profitability and a shift toward a profit-oriented business structure.

Last updated: July 19, 2026