NANKAI PLYWOOD CO.,LTD.
7887・Standard Market・Other Products
Wood-related Business
Nankai Plywood's core segment, accounting for 90.7% of consolidated net sales, engaged in the wood-based building interior materials business
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥26,442 million | ¥22,264 million | ↑ |
| Segment Profit (Operating Profit) | ¥2,103 million | ¥852 million | ↑ |
| Segment Assets | ¥46,170 million | ¥31,453 million | ↑ |
| Depreciation and Amortization | ¥912 million | ¥728 million | ↑ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥1,188 million | ¥1,859 million | ↓ |
Business Details
This business centers on the manufacturing and sale of ceiling materials, storage materials, plywood, and lumber products, with domestic operations focused primarily on closet system storage for newly built houses. Major customers are SMB Kenzai Corporation (22.3% of net sales) and Sumitomo Forestry Co., Ltd. (15.7% of net sales). Overseas, Indonesian subsidiary PT. NANKAI INDONESIA manufactures laminated lumber and LVL, while French subsidiary NP ROLPIN and the Joubert group operate in the European plywood market. This is the foundational business of the Group, operating an integrated domestic and overseas manufacturing and sales structure.
Recent Overview
Net sales and profit increased significantly due to the acquisition of Joubert and expansion of the European plywood business
On October 1, 2025, the company acquired shares of ETABLISSEMENTS GUY JOUBERT, a major French plywood manufacturer, achieving a full-scale entry into the European plywood market. On the same date, PT. NANKAI INDONESIA's new Jumberl plant (third plant) commenced operations, beginning production of new products such as LVL. As a result of these initiatives, net sales to Europe expanded to ¥5,272,065 thousand (prior fiscal year: ¥2,129,439 thousand). Domestically, sales for reform and renovation grew significantly, and showroom visitor numbers reached a record high. As a result, the segment achieved net sales of ¥26,442 million (up 18.8% year on year) and segment profit of ¥2,103 million (up 146.9% year on year).
Key Products
Growth Drivers
- Aggressive expansion of sales channels into the reform and renovation market and substantial sales growth
- Expansion of the storage product lineup (addition of new colors, launch of new products) and sales promotion utilizing social media and showrooms
- Expansion of share in the European plywood market through consolidation of the Joubert group
- Commencement of manufacturing of new products such as LVL following the start of operations at PT. NANKAI INDONESIA's new Jumberl plant
- Strengthened product deployment into the multi-family housing market, e-commerce, and non-residential market
- Ensuring profitability through thorough cost management, including foreign exchange management and expense reduction
Risks
- Continued decline in new housing starts (down 12.6% year on year for the period April 2025 to March 2026)
- Rising raw material procurement costs due to the weak yen
- Impact of deteriorating European economic conditions on the performance of Joubert and NP ROLPIN (improvement effects expected to take a certain period of time to materialize)
- Rising housing prices and declining home purchase sentiment due to increases in building material prices, transportation costs, and labor costs
- Instability in the international situation due to trends in US trade policy and geopolitical risks
- Risk of impairment losses (¥128,768 thousand recorded in the current fiscal year, ¥642,289 thousand in the prior fiscal year)
Last updated: June 25, 2026