NICHIDAI CORPORATION
6467・Standard Market・Machinery
Mold Business
Nichidai's core segment, centered on precision forging molds for automotive parts manufacturers
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year, FY2026) | ¥4,468 million | ¥4,861 million | ↓ |
| Segment Ordinary Profit/Loss (Full Year, FY2026) | -¥292 million | ¥133 million | ↓ |
| Segment Assets (End of FY2026) | ¥4,368 million | ¥4,262 million | ↑ |
| Depreciation (Full Year, FY2026) | ¥307 million | ¥304 million | — |
| Orders Received (Full Year, FY2026) | ¥4,496 million | ¥4,814 million | ↓ |
| Order Backlog (End of FY2026) | ¥859 million | ¥831 million | ↑ |
| Overseas Sales (Full Year, FY2026) | ¥1,387 million | ¥1,466 million | ↓ |
Business Details
This business manufactures and sells precision forging molds primarily used in cold forging, mainly for automotive parts manufacturers. Its main markets are domestic and overseas (Asia, including Thailand, and other regions), supplying high-precision molds to the Japanese automotive industry. In FY2026 (ending March 2026), segment sales were ¥4,468 million, accounting for approximately 40.6% of consolidated net sales, making it the Group's largest segment. Segment profit is calculated on an ordinary income basis, and profit/loss from common departments such as administrative divisions is allocated to each segment based on internal standards.
Recent Overview
Continued customer inventory adjustments both domestically and overseas caused sales to fall 8.1% year-on-year to ¥4,468 million, resulting in an ordinary loss
In FY2026, sales were sluggish as customers, both domestic and overseas, continued to make inventory adjustments, resulting in net sales of ¥4,468 million (down 8.1% year-on-year). In addition to lower gross profit due to the sales decline, factors such as rising material costs caused segment ordinary profit/loss to deteriorate significantly to a loss of ¥292 million (compared to ordinary profit of ¥133 million in the prior period). By region, sales to Japan were ¥3,081 million, sales to Thailand were ¥631 million, and other sales were ¥757 million. The order backlog stood at ¥859 million, a slight increase from the end of the prior period, and the company plans to pursue expansion of product areas and customer development to drive a recovery from the next period onward.
Key Products
Growth Drivers
- Increase in net sales through further expansion of product areas and customer development (policy for FY2027, ending March 2027)
- Offsetting the domestic sales decline by maintaining and expanding overseas sales (Thailand and other parts of Asia)
- Strengthening proposal capabilities through application and evolution of core technologies (promotion of technical sales)
- Diversifying the customer base by strengthening sales expansion outside the automotive industry
- Accelerating global expansion and strengthening the competitiveness of overseas bases
Risks
- Sluggish demand due to continued inventory adjustments and production system reviews in the Japanese automotive industry
- Impact of automakers' procurement and production strategy reviews amid uncertainty over trade policy and tariff measures
- Risk of structural change in demand for cold forging molds due to the shift toward electrification in the automotive industry
- Profit pressure from rising material costs and difficulty procuring rare metals and other critical minerals
- Impact of exchange rate fluctuations (yen appreciation) on overseas sales and profit
- Reduced cost absorption capacity due to continued weakness in domestic sales
Last updated: June 24, 2026