ALTECH CO., LTD.
9972・Standard Market・Wholesale Trade
Business
Artech Corporation is a Tokyo Stock Exchange Standard Market-listed company that originated in 1976 as an importer and distributor of industrial machinery. The group consists of the Company and 12 consolidated subsidiaries, and operates two segments: (1) the "Trading Company Business," which handles printing machines, food processing machinery, water treatment equipment, RFID-related devices, autonomous mobile robots, and other products, and (2) the "Preform Business," which manufactures and sells PET bottle preforms and plastic caps both domestically and overseas. The Trading Company Business is expanding across Asia from bases in Thailand, Indonesia, and Vietnam, while the Preform Business has manufacturing subsidiaries in China (Suzhou, Guangzhou, Chongqing, and Wuhan). Consolidated net sales for FY2025 (ending November 2025) were ¥17,552 million.
Business Model
The trading business, which purchases and sells industrial machinery and equipment and provides related services, is the earnings pillar, generating net sales of ¥9,006 million and segment profit of ¥768 million (profit margin 8.5%). The preform business manufactures and sells preforms and caps for domestic and overseas beverage and food manufacturers, but remained in the red in FY2025 (ending November 2025) with a segment loss of ¥523 million. Having removed the unprofitable costs associated with withdrawal from the recycled flake business, it is now in a structural reform phase aimed at achieving early profitability.
Company Strengths
In the trading company business for FY2025 (ending November 2025), segment sales reached ¥9,006 million and segment profit reached ¥768 million (up 22.2% year on year). Completion of acceptance inspections for large-scale machinery such as tube-forming machines, food processing machinery, and water treatment equipment, combined with thorough cost control, contributed to results and supported overall group earnings.
The company operates overseas bases for its trading company business in Thailand, Indonesia, and Vietnam, and holds preform manufacturing subsidiaries in four Chinese cities (Suzhou, Guangzhou, Chongqing, and Wuhan). The overseas network built over 50 years since founding serves as a barrier to entry, enabling product supply to Asian markets and local customer support.
The equity ratio at the end of FY2025 (ending November 2025) was 56.4% (down 2.0 percentage points year on year). Total net assets stood at ¥8,470 million and cash and cash equivalents at ¥3,529 million, indicating a relatively stable financial base even after recording large extraordinary losses. Total liabilities remained limited at ¥6,402 million.
ENVALITH's Perspective
Performance Trend
Net sales for the interim period of FY2026 (ending November 2026) were ¥7,772 million (down 4.3% year on year), continuing the decline in revenue; however, this is mainly attributable to the sales drop-off from the withdrawal from the recycled flake business within the preform business, and differs in nature from a structural contraction. On the profitability side, the preform business turned profitable (segment loss of ¥338 million to segment profit of ¥290 million), driving a substantial improvement in operating profit from a loss of ¥99 million in the same period of the prior year to ¥379 million. Interim net profit attributable to owners of the parent also recovered to ¥301 million (¥52 million in the same period of the prior year). As an external factor, an increase in the foreign currency translation adjustment account due to yen depreciation (up ¥506 million) boosted comprehensive income (¥797 million). On the financial side, total assets stood at ¥15,940 million and the equity ratio at 57.1%, maintaining soundness. The full-year earnings forecast (net sales of ¥18,000 million, operating profit of ¥700 million) remains unchanged.
Growth Strategy
Under the Medium-Term Management Plan 2026-2028, the company is thoroughly pursuing business structural reform, aiming to achieve net sales of ¥20,000 million and an operating margin of 3% or higher by FY2028 (ending November 2028)
Having completed fixed-cost optimization following the withdrawal from the recycled flake business, the company is expanding sales of preforms for domestic beverages, acquiring new customers, and improving the profitability of plastic caps for edible oil. In China, it aims for an early business recovery by expanding sales to existing customers and acquiring new customers.
The company is focusing on sales of "TPET," a recyclable heat-resistant plastic container, contributing to waste reduction and lower environmental impact. It is also building a new business model utilizing RFID tags for vehicle tire logistics management and maintenance efficiency. It also aims to expand profitability of existing trading rights by responding to labor shortage needs such as automated warehousing.
Under the basic policy of "Thorough Business Structural Reform - Completing business structural reform, refinement, and organizational strengthening as the foundation for medium- to long-term value creation," the company aims to achieve net sales of ¥20,000 million and an operating margin of 3% or higher by FY2028 (ending November 2028). Operating profit of ¥379 million for the first half of FY2026 (ending November 2026) represents 54% of the full-year forecast of ¥700 million, indicating steady progress against the plan.
Last updated: July 17, 2026