NIFCO INC.
7988・Prime Market・Chemicals
合成樹脂成形品事業
Nifco's core business centered on plastic components for automobiles
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥315,691 million | ¥315,942 million | ↓ |
| Segment profit (operating profit) | ¥47,663 million | ¥49,016 million | ↓ |
| Operating margin | 15.1% | 15.5% | ↓ |
| Depreciation and amortization | ¥10,581 million | ¥11,068 million | ↓ |
| Increase in property, plant and equipment and intangible assets | ¥17,791 million | ¥18,811 million | ↓ |
Business Details
Manufactures and sells Industrial Plastic Fasteners and Plastic Precision Molded Parts. Main customers are Japanese and Korean automakers, and the segment maintains an extensive global production network both domestically (Nifco Yamagata, Kumamoto, Kita-Kanto, etc.) and overseas (the U.S., U.K., Korea, China, Thailand, India, Indonesia, etc.). It provides engineering plastic products that contribute to weight reduction, cost reduction, and workload mitigation, and represents the core segment accounting for approximately 89.5% of consolidated net sales.
Recent Overview
Net sales and profit both declined slightly year on year; rising prices and labor costs pressured profit
For the fiscal year under review (April 2025 to March 2026), net sales were ¥315,691 million (down 0.1% year on year) and segment profit was ¥47,663 million (down 2.8% year on year). Domestically, the segment was affected by automotive production cuts stemming from China's rare earth export restrictions, natural disasters, and Middle East conditions, but exceeded plan due to mold sales and price pass-through. Overseas, sales to Korea were strong, and India and Indonesia were also solid, while China saw lower sales and profit due to weak sales by Japanese automakers. In Europe, sales declined due to the postponement of a new model launch in the U.K., but profit increased due to optimization efforts. The sports and outdoor field saw increased sales and profit. An impairment loss of ¥857 million was recorded during the period.
Key Products
Growth Drivers
- Strengthening of capital investment for Japanese and Korean automakers in North America and India
- Improving profitability by maximizing the per-vehicle unit sales amount (unit price)
- Shifting the business model for China and Chinese automakers from a "Japan-dependent model" to a "China-origin model"
- Expanding adoption by Chinese sports brands in the sports and outdoor field and shifting to a highly profitable product mix
- Promoting price pass-through through negotiations to expand the application of raw material price market-linked clauses
Risks
- Production fluctuations at major Japanese automakers (risk of production cuts due to rare earth export restrictions, natural disasters, Middle East conditions, etc.)
- Continued weak sales by Japanese automakers in the Chinese market
- Impact on North American operations from U.S. additional tariff policies
- Rising raw material costs due to surging crude oil and naphtha prices
- Requests for price discounts from customers
- Decline in demand for housing-related components due to sluggish housing starts
Last updated: June 22, 2026