SK KAKEN CO.,LTD.
4628・Standard Market・Chemicals
Architectural Finishing Materials Business
The core segment of SK Kaken, accounting for approximately 88% of consolidated net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Net Sales | ¥96,168 million (FY2026, ending March 2026) | ¥93,520 million (FY2025, ended March 2025) | ↑ |
| Segment Profit | ¥13,114 million (FY2026, ending March 2026) | ¥13,408 million (FY2025, ended March 2025) | ↓ |
| Segment Profit Margin | 13.6% (FY2026, ending March 2026) | 14.3% (FY2025, ended March 2025) | ↓ |
| Segment Assets | ¥98,248 million (end of FY2026, ending March 2026) | ¥99,906 million (end of FY2025, ended March 2025) | ↓ |
| Depreciation Expense | ¥521 million (FY2026, ending March 2026) | ¥461 million (FY2025, ended March 2025) | ↑ |
| Increase in Tangible and Intangible Fixed Assets | ¥3,490 million (FY2026, ending March 2026) | ¥1,274 million (FY2025, ended March 2025) | ↑ |
Business Details
Manufactures and sells organic-inorganic water-based coating materials, synthetic resin coatings, inorganic coatings, inorganic building materials, and also undertakes special finishing construction work for buildings. Domestically, the segment operates in both the new construction and renovation markets, and also has manufacturing and sales bases in Asia (Singapore, Malaysia, Thailand, Indonesia, Hong Kong, etc.). In FY2026 (ending March 2026), net sales were ¥96,168 million and segment profit was ¥13,114 million, accounting for the majority of the group's overall operating profit.
Recent Overview
Net sales increased 2.8% year on year, but profit declined slightly due to soaring raw material prices and other factors.
In FY2026 (ending March 2026), net sales of the Architectural Finishing Materials Business were ¥96,168 million (up 2.8% year on year, an increase of ¥2,648 million). Focused sales efforts on high-value-added products such as the "SK Premium Series" in the renovation market proved successful. On the other hand, segment profit was ¥13,114 million (down 2.2% year on year, a decrease of ¥294 million), as soaring raw material prices squeezed profitability. The segment profit margin fell 0.7 percentage points from 14.3% in the prior period to 13.6%. Additionally, the Chinese subsidiary SIKOKUKAKEN (LANGFANG) CO., LTD. completed liquidation and was excluded from the scope of consolidation.
Key Products
Growth Drivers
- Steady progress of large-scale redevelopment projects primarily in urban areas, along with solid demand related to logistics facilities and data centers
- Expanded sales of high-value-added products (such as the Premium Series) in the vast renovation market with its enormous stock of buildings
- Capturing demand associated with the shift to a low-carbon society through environmentally-conscious, energy-saving products such as biomass coatings and heat-shielding coatings
- Overseas expansion leveraging manufacturing and sales bases in Asian markets (Singapore, Malaysia, Thailand, Indonesia, etc.)
- Developing demand through the expanded lineup of functional products such as new labor-saving building materials and high-design coating materials
- Expansion of the sales base through deepening relationships with existing clients and vigorously pursuing new client acquisition
Risks
- Sluggish private-sector demand such as for detached housing (consumers' increased frugality due to rising construction costs and inflation)
- Upward pressure on cost ratios from soaring raw material prices, transportation costs, and labor costs (a factor depressing the segment profit margin)
- Chronic shortage of on-site technicians and workers, and the aging of the workforce
- Impact on the performance and financial statements of Asian subsidiaries due to foreign exchange rate fluctuations
- Prolonged geopolitical risks (such as the situation in the Middle East) and the impact on Asian operations from the slowdown in the Chinese real estate market
- Impact on the global economy from US trade policy and the risk of supply chain disruption
Last updated: June 25, 2026