NAKAMOTO PACKS CO.,LTD.
7811・Standard Market・Other Products
Business
Nakamoto Packs Co., Ltd. is a comprehensive packaging materials manufacturer whose core technologies are gravure printing, coating processing, laminate processing, and molding processing. Its mainstay business is Food-related Packaging Materials (approximately 64% of net sales), with additional operations spanning IT & Industrial Materials-related Products, Medical & Pharmaceutical-related Products, Building Materials-related Products, and Daily Living Materials-related Products. The company operates 17 domestic plants (including 2 in the Kansai region and 5 in the Kanto region) and 7 overseas locations (5 companies in China, 1 in the United States, and 1 in Vietnam), and is composed of 17 consolidated subsidiaries and 1 equity-method affiliate. Major customers include FP Corporation (12.9% of net sales), as well as food manufacturers, IT component manufacturers, pharmaceutical manufacturers, and building materials manufacturers. Founded in 1941, the company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
Based on integrated gravure printing, lamination, and coating processing technology, the company manufactures and sells packaging materials for the food, IT, medical, building materials, and daily living materials sectors. While the business is primarily contract processing based on customer product specifications, the company also offers proprietary brand products such as NS Sepa, NAK-A-PET, NC-PET, and NS-PET, securing value-added earnings. The company achieves both cost competitiveness and supply stability through a supply chain leveraging domestic and overseas production sites, combined with a division of labor system among consolidated subsidiaries.
Company Strengths
The company deploys across six applications—food, IT, industrial materials, medical, pharmaceutical, building materials, and daily living materials—to reduce demand fluctuation risk in specific fields. In FY2026 (ending February 2026), IT & Industrial Materials-related products expanded rapidly, up 33.1% year-on-year, while food-related products also grew steadily at 9.2%, with simultaneous growth across multiple applications contributing to achieving net sales of ¥49,132 million and operating profit of ¥2,871 million (up 58.2% year-on-year).
The company holds proprietary brand products such as NS-Sepa (release film), NAK-A-PET (high-rigidity PET sheet), NC-PET (high heat-resistant PET sheet), NS-PET (heat-adhesive PET film), and N-Coat (synthetic paper). These are adopted as essential materials in manufacturing processes for smartphones, LCD displays, medicated patches, and other products, contributing to differentiation from generic products and improved profit margins.
The company operates 16 plants located around major cities nationwide to fulfill BCP requirements and supply responsibilities, while building a global supply chain with overseas locations comprising 5 companies in China, 1 in the United States, and 1 in Vietnam. In February 2024, the company made Nakamoto Advanced Film Co., Ltd. (formerly MICS Chemical Co., Ltd.) a consolidated subsidiary, expanding its film manufacturing capacity for food, IT, and daily living materials applications.
ENVALITH's Perspective
Performance Trend
Looking at the trend over the past 5 fiscal periods, net sales peaked at ¥40,485 million and operating profit at ¥2,332 million in FY2022, before profits stagnated in FY2023 and FY2024 due to soaring raw material costs (FY2024 operating profit: ¥1,815 million). From FY2025 onward, a significant recovery occurred against the backdrop of M&A effects, cost improvements, and expanding demand for IT & Industrial Materials-related Products, with FY2026 improving to net sales of ¥49,635 million and operating profit of ¥2,961 million. In the first quarter of FY2027 (ending March 2027), net sales were ¥12,767 million (up 3.6% year-on-year), operating profit was ¥799 million (up 6.6% year-on-year), and ordinary profit was ¥820 million (up 17.8% year-on-year), marking a new record high for a first quarter. As an external factor, foreign exchange losses improved significantly year-on-year (from a loss of ¥59 million in the same period of the prior year to a gain of ¥11 million in the current period), contributing substantially to the large increase in ordinary profit. While rising manufacturing costs due to soaring energy prices continue, these are being absorbed through cost reductions and improved production efficiency.
Growth Strategy
Multi-axis growth through expanded sales of environmentally responsive products, deepening of IT & industrial materials technology, and increased production capacity through capital investment
Under the slogan of "Promoting Environmental Management and Improvement Activities," the company continues to expand sales of developed products that reduce environmental impact. It aims to capture customers' environmental response needs and increase added value through differentiated products while acquiring new customers.
Capturing expanding demand for packaging materials and functional films for smartphone applications and semiconductor-related uses, the company achieved a 23.3% year-on-year increase in gross profit in the first quarter of FY2027 (ending February 2027). It continues its strategy of capturing external demand from the mobile and semiconductor markets through its own technological capabilities.
In the first quarter of FY2027 (ending February 2027), tangible fixed assets increased by ¥511 million compared to the end of the previous fiscal year. The company continues to invest in machinery, equipment, and other fixed assets, strengthening its ability to respond to growing order demand and improving production efficiency. It is also responding to an increase in new orders in the Building Materials-related field.
Building Materials-related products featuring printing for wallpaper and surface functional coatings have increased, achieving a 35.8% year-on-year increase in net sales and a 69.3% year-on-year increase in gross profit in the first quarter of FY2027 (ending February 2027). New project orders have contributed to this growth, accelerating business expansion in the building materials field.
Last updated: July 17, 2026