ALTECH CO., LTD.
9972・Standard Market・Wholesale Trade
Preform Business
Manufacturing segment that manufactures and sells PET bottle preforms and caps
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (H1 FY2026, ending November 2026) | ¥4,242 million | ¥3,799 million (H1 FY2025, ending November 2025) | ↑ |
| Segment profit (H1 FY2026, ending November 2026) | ¥290 million | -¥338 million (H1 FY2025, ending November 2025) | ↑ |
| Net sales (full year FY2025, ended November 2025) | ¥8,618 million | - | — |
| Segment loss (full year FY2025, ended November 2025) | -¥523 million | - | — |
Business Details
Manufactures and sells PET bottle preforms, plastic caps, and recycled PET resin, and provides PET bottle design development and prototyping services both domestically and overseas. Key subsidiaries include Artech Shinzairyo Co., Ltd. (domestic) and multiple bases in China. The segment withdrew from the recycled flake business in FY2025 (ended November 2025) and has been pursuing business restructuring. In H1 FY2026 (ending November 2026), the segment returned to profitability, with net sales accounting for the majority of consolidated revenue as the core business entered a recovery phase.
Recent Overview
Preform business returned to profitability in H1 FY2026 (ending November 2026)
In H1 FY2026 (ending November 2026) (December 2025 to May 2026), net sales were ¥4,242 million (up 11.7% year on year) and segment profit was ¥290 million (versus a segment loss of ¥338 million in the same period of the prior year), marking a return to profitability. The main factors were the optimization of fixed costs and improved asset efficiency following the withdrawal from the recycled flake business, an increase in sales volume of domestic beverage preforms, and improved profitability of edible oil plastic caps. The segment absorbed the impact of lost sales and achieved both higher revenue and higher profit.
Key Products
Growth Drivers
- Improved asset efficiency through elimination of unprofitable costs and optimization of fixed costs following withdrawal from the recycled flake business
- Expansion of sales volume of domestic beverage preforms and acquisition of new customers
- Improved profitability in China from changes in transaction terms for edible oil plastic caps
- Continued reduction in manufacturing costs through ongoing production efficiency improvement measures
- Fundamental review of production costs and expansion of sales channels under the Medium-Term Management Plan 2026-2028
Risks
- Risk of weak local demand in China due to economic slowdown and stagnation in the real estate market
- Rising manufacturing costs due to surging prices of raw materials such as PET resin and yen depreciation
- Decline in sales volume of beverage preforms (due to intensifying competition and fluctuations in customer demand)
- Foreign exchange risk (Chinese yuan and Japanese yen) at Chinese subsidiaries
- Financial covenants: the company has entered into loan agreements with conditions including not posting an ordinary loss in FY2026 (ending November 2026)
- Risk of additional impairment: large-scale impairment losses and restructuring costs were recorded in FY2025 (ended November 2025), and further impairment at China operations and other sites remains possible
Last updated: February 24, 2026