ENVALITH
石塚硝子株式会社 logo

ISHIZUKA GLASS CO.,LTD.

5204Standard MarketGlass & Ceramics Products

石塚硝子株式会社 logo
ISHIZUKA GLASS CO.,LTD.5204

Glass Bottle Business

Traditional core Group business manufacturing and selling glass containers for beverages and food

PeriodCurrentPreviousChange
Net sales¥11,252 million¥11,453 million
Segment profit (operating income)¥733 million¥216 million
Segment assets¥13,524 million¥12,792 million
Depreciation and amortization¥778 million¥630 million
Increase in tangible and intangible fixed assets (capital expenditures)¥599 million¥2,932 million

Business Details

A business that manufactures and sells glass containers such as Western liquor bottles/sake bottles and soft drink bottles/food & seasoning bottles. Beverage and food manufacturers are the main customers, supplying to the domestic glass bottle market. From FY2026 (ending March 2026), reportable segments were reorganized, and this business has been integrated into the "Packaging Containers segment" together with Paper Containers and Plastic Containers; however, individual sales and profit data continue to be disclosed as the Glass Bottle Business.

Recent Overview

Net sales declined slightly due to lower shipment volumes, but segment profit improved substantially owing to productivity gains from production equipment renewal

Net sales in the Glass Bottle Business for FY2026 (ending March 2026) were ¥11,252 million (down 1.8% year on year). Although sales price revisions were carried out in response to rising costs of materials and logistics, consumer restraint on spending due to price increases led to a decline in shipment volumes. On the other hand, segment profit improved substantially to ¥733 million (versus ¥216 million in the prior period). This is believed to reflect the contribution of cost reduction measures, including productivity improvements from the renewal of glass bottle production equipment (periodic furnace renewal) implemented in the prior period. Capital expenditures shrank significantly to ¥599 million from ¥2,932 million in the prior period, confirming that the phase of large-scale renewal investment has passed.

Key Products

product
Western Liquor Bottles / Sake Bottles

Manufactures and sells glass bottles for Western liquor, other alcoholic beverages, and sake. Alcoholic beverage manufacturers are the main customers. Consumer restraint on spending due to rising prices has affected shipment volumes.

product
Soft Drink Bottles / Food & Seasoning Bottles

Manufactures and sells glass bottles for soft drinks, food products, and seasonings. Food and beverage manufacturers are the main customers. The domestic glass bottle market continues to experience structural contraction, and securing profitability through sales price revisions remains a challenge.

Growth Drivers

  • Full contribution of productivity improvements and cost reductions from completion of periodic melting furnace renewal (materializing in FY2026 (ending March 2026), leading to substantial margin improvement)
  • Continued pursuit of sales price revisions to secure profitability amid rising material and logistics costs
  • Strengthened competitiveness through environmental measures such as CO2 reduction initiatives during glass bottle production equipment renewal
  • Efficient allocation of management resources through the clarified business portfolio strategy under the medium-term management plan "Challenge to New Frontiers"

Risks

  • Structural contraction of the domestic glass bottle market (consumer restraint on spending due to price increases directly reducing shipment volumes)
  • Profit pressure from persistently high raw material and energy costs and a weaker yen
  • Impact on crude oil prices and procurement of production materials due to heightened geopolitical risk in the Middle East
  • Risk of temporary production suspension associated with large-scale renewal of melting furnaces and other equipment (a structural challenge for this capital-intensive business)

Last updated: June 17, 2026