Nitta Corporation
5186・Prime Market・Rubber Products
Belt & Rubber Products Business
Nitta's core segment, developing belt products for logistics and electronic components both domestically and overseas
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Full year, FY2026 (ending March 2026)) | ¥30,641 million (¥30,597 million to external customers) | ¥29,727 million (¥29,684 million to external customers) | ↑ |
| Segment profit (Full year, FY2026 (ending March 2026)) | ¥3,467 million | ¥3,473 million | ↓ |
| Segment assets (Full year, FY2026 (ending March 2026)) | ¥61,921 million | ¥55,954 million | ↑ |
| Depreciation (Full year, FY2026 (ending March 2026)) | ¥1,075 million | ¥1,109 million | ↓ |
| Increase in property, plant and equipment and intangible assets (Full year, FY2026 (ending March 2026)) | ¥1,158 million | ¥1,617 million | ↓ |
Business Details
This segment manufactures and sells Belt Products & Conveying Products, Rubber Products, Thermosensitive Adhesive Tape, RFID Products, and other items. Domestically, the Company itself, Power Techno Co., Ltd., and Nitta Techno Solutions Co., Ltd. handle operations, while overseas, subsidiaries in North America, Europe, Asia, India, Brazil, and other regions are responsible for the business. The equity-method affiliate Gates Unitta Asia Co., Ltd. group manufactures and sells Timing Belts, V-Belts, Auto Tensioners, and other products in the Asia region. This segment supplies products to the logistics, electronic components, and food industries, and accounts for approximately 33% of group sales, making it the largest segment.
Recent Overview
Net sales increased 3.1% year on year, but segment profit declined slightly, with margins somewhat lower
In the Belt & Rubber Products Business for FY2026 (ending March 2026), demand for belt products for the logistics industry and thermosensitive adhesive tape for electronic components remained solid domestically, while overseas, belt products for the logistics industry performed well in North America. Net sales achieved an increase to ¥30,597 million (up 3.1% year on year), while segment profit saw a slight decline of ¥5 million (down 0.2%) to ¥3,467 million, as rising costs such as labor expenses and freight charges squeezed profit. Capital expenditure decreased to ¥1,158 million from ¥1,617 million in the prior period.
Key Products
Growth Drivers
- Solid demand trends for belt products for the logistics industry both domestically and overseas (particularly North America)
- Stable demand for thermosensitive adhesive tape for electronic components
- Margin improvement driven by progress in passing on higher raw material costs to selling prices
- Solid demand trends for belt products in the Asia region (including for electronic components, etc.)
- Solid demand trends for the semiconductor industry at the equity-method affiliate (Gates Unitta Asia Co., Ltd. group)
Risks
- Downward pressure on sales from the winding down of special demand for RFID Products
- Medium- to long-term risk of declining demand for internal combustion engine-related belt products at the equity-method affiliate (Gates Unitta Asia Co., Ltd. group) due to the progress of EV adoption
- Margin decline due to cost increase pressures such as rising labor costs and freight charges
- Uncertainty stemming from US tariff policy and its impact on overseas demand
- Sluggish demand for the automotive industry due to the slowdown in the Chinese economy
Last updated: June 23, 2026