FUKUVI CHEMICAL INDUSTRY CO.,LTD.
7871・Standard Market・Chemicals
Building Materials Business
The core segment of Fukuvi Chemical Industry. It represents the core of the Building Materials Business, accounting for approximately 63% of net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥25,440 million | ¥25,641 million | ↓ |
| Operating Income | ¥3,737 million | ¥3,550 million | ↑ |
| Gross Profit | ¥9,342 million | ¥9,401 million | ↓ |
| Segment Assets | ¥20,573 million | ¥21,167 million | ↓ |
| Depreciation | ¥489 million | ¥426 million | ↑ |
| Increase in Tangible and Intangible Fixed Assets | ¥616 million | ¥274 million | ↑ |
| Net Sales to Main Customer (Itochu Kenzai Corporation) | ¥6,868 million | ¥6,977 million | ↓ |
Business Details
Engages in the development, manufacturing, and sale of exterior building materials, interior building materials, flooring-related materials, and system building materials, in addition to the construction design and installation business. Consolidated subsidiaries such as Fukuvi Okayama Co., Ltd. handle manufacturing and sales, supported by a distribution network through trading companies, agents, and dealers. The main customer is Itochu Kenzai Corporation (net sales of ¥6,868 million in FY2026 (ending March 2026)). Following an organizational restructuring effective April 1, 2025, Alice Chemical Co., Ltd. was transferred to the "Other" segment, changing the segment composition.
Recent Overview
Sales declined slightly, but operating income rose 5.3%. The shift toward insulation, non-residential, and eco-friendly products was successful.
In the Building Materials Business for FY2026 (ending March 2026), net sales were ¥25,440 million (down 0.8% year on year) as general-purpose products were affected by the decline in new housing starts. However, operating income increased to ¥3,737 million (up 5.3% year on year), supported by the success of portfolio expansion into the high-performance insulation material "Phenova Board," non-residential and renovation-oriented products (such as "PLUSWOOD" and "OA Floor"), and environmentally friendly products. In addition, following the organizational restructuring effective April 1, 2025, Alice Chemical Co., Ltd. was transferred to the "Other" segment, and prior-period figures have been restated accordingly. As a subsequent event, the construction business was integrated into Fukuvi Reformzeal Architects Co., Ltd. effective April 1, 2026.
Key Products
Growth Drivers
- Expanding demand for the high-performance insulation material "Phenova Board" (further demand increase expected due to revisions to the Building Energy Efficiency Act)
- Establishment of increased production capacity and enhanced BCP capabilities through the construction of Fukuvi Okayama Co., Ltd.'s second plant (selected for the Ministry of Economy, Trade and Industry's "Large-Scale Growth Investment Subsidy"), establishing a two-site distributed production system with Fukui
- Portfolio expansion into recycled wood "PLUSWOOD" and environmentally friendly products (enhanced market recognition through awards such as the Good Design Award)
- Compensating for the decline in housing starts by expanding sales of products for the non-residential field (factories, warehouses, etc.) and renovation use
- Transition to a solutions business and improved profitability through the integration of the construction business into Fukuvi Reformzeal Architects Co., Ltd.
- Development of new business areas through the launch of the platform-type business brand "Fukuvi commons"
- Contribution to extending the lifespan of existing buildings and reducing environmental impact, such as through an insulation retrofit demonstration project utilizing a closed school in collaboration with industry, academia, and government
Risks
- Decline in sales of general-purpose products due to the continued low level of new housing starts (impact on general-purpose products confirmed again this period due to declining housing starts)
- Decreased willingness to purchase homes due to rising interest rates, and increased construction costs due to renewed surges in energy costs, logistics costs, and various material prices
- Risk of a sharp rise in crude oil and energy prices due to worsening conditions in the Middle East (main raw material is naphtha-derived plastic; concerns over raw material procurement from July 2026 onward)
- Risk of declining productivity due to structural labor shortages and an aging workforce in the construction industry
- Dependence on sales to the main customer, Itochu Kenzai Corporation (net sales of ¥6,868 million in FY2026 (ending March 2026), approximately 27% of Building Materials Business net sales)
- Increased financial costs and financial constraints (net asset maintenance and operating income/loss conditions) associated with the syndicated loan (¥2,000 million, final repayment date March 31, 2038) related to the construction of Fukuvi Okayama Co., Ltd.'s second plant
Last updated: June 17, 2026