NICHIRIN CO.,LTD.
5184・Standard Market・Rubber Products
Japan
Core domestic manufacturing and export segment. Manufactures and sells automotive hoses
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (segment total, external + internal) | ¥9,282 million (Q1 FY2026, ending December 2026) | ¥8,452 million (Q1 FY2025, ending December 2025) | ↑ |
| Sales to external customers | ¥5,052 million (Q1 FY2026, ending December 2026) | ¥4,925 million (Q1 FY2025, ending December 2025) | ↑ |
| Intersegment internal sales | ¥4,229 million (Q1 FY2026, ending December 2026) | ¥3,526 million (Q1 FY2025, ending December 2025) | ↑ |
| Operating income | ¥1,261 million (Q1 FY2026, ending December 2026) | ¥797 million (Q1 FY2025, ending December 2025) | ↑ |
| Sales (segment total, full year) | ¥34,931 million (FY2025, ending December 2025, full year) | — | — |
| Operating income (full year) | ¥3,184 million (FY2025, ending December 2025, full year) | — | — |
Business Details
Nichirin Co., Ltd. itself and its domestic consolidated subsidiaries manufacture and sell various automotive hoses, including those for steering, braking, and air conditioning applications. In addition to domestic sales, the segment also functions as a manufacturing base providing internal supply to other segments (intersegment sales of ¥4,229 million in Q1 FY2026 (ending December 2026)). Domestic sales increased due to the reflection of raw material market conditions and wage increases in selling prices, while exports to Asia also expanded.
Recent Overview
Sales and profit improved significantly due to the reflection of raw material market conditions and wage increases in selling prices, along with increased exports to Asia
In Q1 FY2026 (ending December 2026), domestic sales increased due to the reflection of raw material market conditions and wage increases in selling prices, with expanded exports to Asia also contributing. Segment total sales reached ¥9,282 million (up 9.8% year-on-year from ¥8,452 million in the same quarter of the prior year), and operating income reached ¥1,261 million (up 58.2% year-on-year from ¥797 million), achieving a substantial increase in profit. Intersegment internal sales also increased to ¥4,229 million (from ¥3,526 million in the same quarter of the prior year), further expanding the segment's role as a supply base for other segments.
Key Products
Growth Drivers
- Improvement in domestic selling prices through reflection of raw material market conditions and wage increases in prices
- Increase in exports to Asia
- Recovery in domestic passenger vehicle production volume (Q1 2026: 2.09 million units, up 2.8% year-on-year)
- Expansion of internal supply to other segments (increase in intersegment sales)
Risks
- Decrease in exports due to continued weak sales of Japanese manufacturers in the Chinese market
- Downward pressure on automotive exports due to the impact of US tariff policy
- Risk of fluctuations in raw material (naphtha, etc.) and logistics costs
- Rising crude oil prices and naphtha supply shortages due to escalating tensions in the Middle East
- Risk of idle assets due to decreased order volumes for bicycle brake hoses and similar products
Last updated: March 18, 2026