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ニチハ株式会社 logo

NICHIHA CORPORATION

7943・Prime Market・Glass & Ceramics Products

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ニチハ株式会社 logo
NICHIHA CORPORATION7943

Other (Fiberboard, Construction, FP, and Other Businesses)

A non-core segment consisting of four businesses that complement the Exterior Wall Materials Business

PeriodCurrentPreviousChange
Net Sales (External Customers)¥9,632 million¥11,561 million↓
Segment Profit (Operating Profit)¥166 million¥47 million↑
Segment Assets¥6,093 million¥6,482 million↓
Depreciation¥92 million¥82 million↑
Impairment Loss¥177 million－↑
Increase in Property, Plant and Equipment and Intangible Assets¥124 million－—
Operating Marginapprox. 1.7%approx. 0.4%↑

Business Details

The "Other" segment consists of four businesses: manufacture and sale of fiberboard by Nichiha Materials Co., Ltd. (Fiberboard Business), exterior construction work by Nichiha Gaiso Co., Ltd. (Construction Business), manufacture and sale of urethane insulation panels, custom-built housing sales, and housing renovation by FP Corporation (FP Business), and manufacturing-related maintenance, cleaning, and industrial waste disposal services by Nichiha Engineering Co., Ltd. (Other Business (Engineering)). This segment is small, accounting for approximately 6.7% of consolidated net sales (FY2026, ending March 2026), and plays a complementary role within the Group.

Recent Overview

Net sales decreased, but segment profit improved significantly year on year

In FY2026 (ending March 2026), net sales to external customers in the "Other" segment were ¥9,632 million, a substantial decrease from the prior period (¥11,561 million). Meanwhile, segment profit improved approximately 3.5-fold to ¥166 million from ¥47 million in the prior period, and operating margin rose from approximately 0.4% to approximately 1.7%. Note that this restatement relates to the allocation of segment assets, and there is no change to the reported net sales or profit figures. There is also no impact on the consolidated financial statements (balance sheet, income statement, and cash flow statement).

Key Products

product
Fiberboard Business

A business that manufactures and sells fiberboard for use both within and outside the Group. It provides a material supply function that works in conjunction with Nichiha's building material products.

service
Construction Business

Undertakes construction and contracting for exterior work using the Company's products (exterior wall materials). Demand for this business is expected to grow in line with the expanding adoption of the Company's products.

product
FP Business

In addition to manufacturing and selling urethane insulation panels for highly insulated, airtight housing, this business also handles custom-built housing sales and housing renovation. It is one of the segment's main businesses and is directly affected by conditions in the housing market.

service
Other Business (Engineering)

Provides manufacturing-related services such as maintenance, cleaning, and industrial waste disposal for the Group's manufacturing sites. Its main source of revenue is demand from within the Group.

Growth Drivers

  • Recovery in demand for custom-built housing and housing renovation in the FP Business
  • Expansion of projects adopting the Company's products in the Construction Business
  • Improved profitability through better cost management (substantial year-on-year improvement in segment profit margin)

Risks

  • Continued weak housing market conditions leading to reduced demand in the FP Business and Construction Business
  • Decline in housing starts due to the reaction following the rush of applications ahead of revisions to the Building Standards Act and the Building Energy Efficiency Act
  • Cost pressure from rising prices and surging material costs
  • Limited contribution to overall Group performance given the segment's small size (net sales ratio of approximately 6.7%)
  • Impairment loss of ¥177 million incurred, indicating challenges regarding the profitability of held assets

Last updated: June 23, 2026