NIPPON SANSOHOLDINGS CORPORATION
4091・Prime Market・Chemicals
Japan
Japan's largest business base, centered on domestic industrial gases, equipment & construction, and medical gases
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (segment total, including internal) | ¥426,552 million | ¥426,897 million | — |
| Revenue from external customers | ¥406,296 million | ¥410,009 million | ↓ |
| Segment profit (core operating profit) | ¥54,182 million | ¥47,090 million | ↑ |
| Core operating profit margin | 12.7% | 11.0% | ↑ |
| Depreciation and amortization | ¥19,706 million | ¥18,341 million | ↑ |
Business Details
Centered on Taiyo Nippon Sanso Corporation, the segment provides a wide range of products and services including Separate Gases such as oxygen, nitrogen, and argon, Specialty Gases such as carbon dioxide, helium, and hydrogen, electronic materials gases, LP Gas, medical gases, Gas-Related Equipment & Construction, and compound semiconductor manufacturing equipment. It serves diverse industrial customers in steel, chemicals, electronics, medical, and other sectors, delivering integrated solutions domestically from manufacturing through sales and facility maintenance.
Recent Overview
Despite lower revenue, profit margin improved significantly due to price management and increased electronics construction revenue
In the Japan segment for FY2026 (ending March 2026), revenue from external customers decreased to ¥406,296 million (down 0.9% year on year) due to declining shipment volumes of Separate Gases and LP Gas, and weak industrial gas-related equipment and construction. On the other hand, price management effects on carbon dioxide, packaged gases, and electronic materials gases, along with increased revenue from progress on medium- to large-scale electronics-related construction projects, contributed to a significant increase in segment profit to ¥54,182 million (up 15.1% year on year). The core operating profit margin improved from 11.0% to 12.7%.
Key Products
Growth Drivers
- Progress on medium- to large-scale electronics-related construction projects and capture of semiconductor-related gas and equipment demand
- Improved profitability through price management effects on carbon dioxide, packaged gases, and electronic materials gases
- Recovery and expansion of electronic materials gas demand amid growth in the domestic electronics industry
- Margin improvement through profitability enhancement programs and business portfolio review
- Continued stable demand in medical gases and home healthcare
Risks
- Continued declining trend in Separate Gases and LP Gas shipment volumes
- Risk of sluggish demand for industrial gas-related equipment and construction
- Risk of weakening electronic materials gas demand amid deterioration in semiconductor market conditions
- Risk of renewed increases in energy costs (electricity rates)
- Risk of fluctuations in equipment and construction demand due to domestic manufacturing capital expenditure trends and economic downturn
- Structural revenue decline impact from converting certain On-Site subsidiaries for specific customers into joint operations and deconsolidating the household LP Gas subsidiary
Last updated: June 15, 2026