FUJIMI INCORPORATED
5384・Prime Market・Glass & Ceramics Products
Japan
Core domestic manufacturing and sales segment, the largest base accounting for approximately 57% of group sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (external customers) | ¥39,450 million | ¥35,464 million | ↑ |
| Segment profit (operating income) | ¥11,401 million | ¥9,722 million | ↑ |
| Segment assets | ¥69,934 million | ¥49,438 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥22,746 million | ¥12,422 million | ↑ |
| Depreciation and amortization | ¥1,433 million | ¥1,299 million | ↑ |
| Intersegment internal sales | ¥11,520 million | ¥10,485 million | ↑ |
Business Details
The Japan segment consists of the Company (Fujimi Incorporated) and Nanko Ceramics Co., Ltd. It manufactures and sells Abrasives for Silicon Wafers (Lapping Materials and Polishing Materials), CMP Products, Abrasives for Hard Disk Substrates, General Industrial Abrasives, and other products. It also plays a major role as a manufacturing hub responsible for internal transfers to North America and Asia, with intersegment sales amounting to ¥11,520 million in FY2026 (ending March 2026).
Recent Overview
Driven by CMP Products and polishing materials, sales grew 11.2% and operating income grew 17.3%
In FY2026 (ending March 2026), the Japan segment achieved sales of ¥39,450 million (up 11.2% year on year) and segment profit of ¥11,401 million (up 17.3% year on year), driven by increased sales of CMP Products for advanced semiconductors and Abrasives for Silicon Wafers (Polishing Materials). Meanwhile, segment assets increased by ¥20,496 million year on year due to large-scale capital investment (increase in tangible and intangible fixed assets of ¥22,746 million). A total impairment loss of ¥369 million was recorded at the advanced technology/functional materials operations and the Biwajima Plant.
Key Products
Growth Drivers
- Expanding demand for CMP Products for advanced semiconductors (increased sales for advanced logic and advanced memory applications, with group CMP Products sales up 17.9% year on year)
- Strong sales of polishing materials for silicon wafers (up 5.4% year on year group-wide)
- Expanded sales of General Industrial Abrasives following the consolidation of Nanko Ceramics as a subsidiary (up 18.7% year on year group-wide)
- Continued growth of the semiconductor market driven by AI-related demand, expanding customer capital expenditure
- Enhanced production capacity and supply capability through large-scale capital investment (increase in tangible fixed assets of ¥22,746 million)
Risks
- Risk of slowing sales due to delayed recovery in semiconductor demand for PCs, smartphones, and automotive applications
- Continued uncertainty in the global economy due to China's economic slowdown and US tariff measures
- Increased fixed costs and depreciation, and utilization rate risk, associated with large-scale capital investment (net increase of ¥19,845 million in buildings and structures year on year)
- Risk of market condition changes in the advanced technology/functional materials field (an impairment loss of ¥305 million was recorded during the fiscal year)
- High dependence on semiconductor market conditions, with the risk that the sales composition ratio of non-semiconductor fields falls short of plan
- Supply chain risk from difficulty in procuring raw materials and rising raw material prices
Last updated: June 19, 2026