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Nippon Pigment Holdings Company Limited

4119Standard MarketChemicals

株式会社日本ピグメントホールディングス logo
Nippon Pigment Holdings Company Limited4119

Japan

Core domestic segment for colorants and Resin Compound, accounting for approximately 62% of group sales

PeriodCurrentPreviousChange
Net Sales¥26,224 million¥22,538 million
Operating Profit¥1,204 million¥6 million

Business Details

Centered on Nippon Pigment Co., Ltd. and PLASiST Co., Ltd. (formerly Sumika Color Co., Ltd.), the segment operates four businesses: Resin Compound, Colorants for Resin, Processed Color, and Pigment Color. It manufactures and sells synthetic resin colorants and additives for a wide range of industries, including automotive, agricultural materials, packaging materials, building materials, textiles, and food and beverages. Nagoya, Tokyo, and Osaka Pigment Co., Ltd. also handle manufacturing, forming an integrated domestic production and sales system. The number of consolidated subsidiaries increased from July 2024, expanding the scale of sales.

Recent Overview

Both sales and profit improved significantly due to an increase in consolidated subsidiaries and the effects of price revisions

With the increase in consolidated subsidiaries from July 2024, net sales for the fiscal year under review reached ¥26,224 million (up 16.4% year on year). Improvement efforts such as price revisions and integration effects were realized, and operating profit improved significantly to ¥1,204 million (versus operating profit of ¥6 million in the previous fiscal year). Segment operating profit exceeded the previous fiscal year in all divisions: Resin Compound, Colorants for Resin, and Processed Color.

Key Products

product
Resin Compound

Automotive applications are the main use, with orders trending firmly. While certain results were achieved through price revisions, increases in manufacturing expenses such as rising labor costs were absorbed through other cost reductions, and segment operating profit exceeded the previous fiscal year.

product
Colorants for Resin (Masterbatch, etc.)

Orders for food and beverage-related and textile-related applications trended firmly, and certain results were achieved through price revisions, resulting in segment operating profit exceeding the previous fiscal year.

product
Processed Colors (Liquid Dispersions, PVC Use, etc.)

Although the building materials business with major customers was sluggish due to a decline in housing starts, segment operating profit exceeded the previous fiscal year, driven by expanded sales of sensor application products in liquid dispersions and strong sales of water-based colorant products for automotive leather.

product
Pigment Color

Supplies pigment-based colorants to various industries under an integrated domestic production and sales system.

Growth Drivers

  • Expansion of sales scale (up 16.4% year on year) and creation of integration synergies through the consolidation of PLASiST Co., Ltd. (formerly Sumika Color Co., Ltd.) from July 2024
  • Firm order trends and price revision effects for Resin Compound for domestic automotive applications
  • Firm order trends for Colorants for Resin for food, beverage, and textile-related applications, and profitability improvement through price revisions
  • Growth in liquid dispersions driven by expanded sales of sensor application products and strong sales of water-based colorant products for automotive leather
  • Margin improvement through promotion of price pass-through for cost increases and other cost reductions

Risks

  • Continued sluggishness in building materials-related business (Processed Color division) due to a decline in housing starts
  • Profit pressure from increased manufacturing expenses such as rising labor costs
  • Rising raw material prices due to surging crude oil prices and intensifying price competition
  • Sluggish domestic demand growth due to major users shifting production bases overseas
  • Risk of recurrence of impairment loss on fixed assets (a large-scale impairment was recorded in the previous consolidated fiscal year)
  • Risk of temporary costs arising from organizational and operational integration following the merger

Last updated: June 26, 2026