NICHIBAN CO., LTD (4218) Stock Price

Market cap
¥37.8B
P/E ratio
26.5x
Nichiban manufactures medical bandages and industrial adhesive tapes using advanced polymer technology for healthcare, industrial, and office markets.

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Business Overview

Nichiban manufactures and sells products based on fabric, paper, cellophane, and plastic substrates, leveraging polymer technology built on adhesive expertise. The company's primary business includes the manufacture and sale of pharmaceuticals, pressure-sensitive adhesive tapes, adhesives, and related machinery. These products are divided into two main categories: medical products such as bandages for the pharmaceutical industry and industrial adhesive tapes, and adhesive tapes for the stationery and office supplies sectors.

Nichiban's business is organized into two segments: Medical and Tape. In the Medical segment, Nichiban Medical handles manufacturing, while NICHIBAN (THAILAND) CO.,LTD. and NICHIBAN EUROPE GmbH manage sales in Southeast Asia and Europe, respectively. The company also collaborates with Taipo Pharmaceutical Industries for product sales and procurement of semi-finished products.

The Tape segment is divided into Industrial Products and Stationery. For Industrial Products, Nichiban Print and Nichiban Techno handle manufacturing, while NICHIBAN (THAILAND) CO.,LTD. and NICHIBAN EUROPE GmbH manage overseas sales. The company sources products from affiliated companies Iio Yoka Chemical and UNION THAI-NICHIBAN CO.,LTD., and procures film products from Daito Chemical.

In the Stationery sector, Nichiban Print and Nichiban Techno also manage manufacturing, with NICHIBAN (THAILAND) CO.,LTD. and NICHIBAN EUROPE GmbH handling sales. Products are sourced from affiliated company UNION THAI-NICHIBAN CO.,LTD. Through this structure, Nichiban provides diverse products that meet varied market needs.

Management Policy

Nichiban's management philosophy is to create new value based on adhesive technology and contribute to comfortable living. Under this philosophy, the company pursues coexistence with society and nature, and advances initiatives toward realizing a sustainable society. Through products such as adhesive bandages and Scotch® tape, Nichiban contributes to health, comfortable living, and industrial efficiency.

Under Nichiban's medium-term management plan "CREATION 2026," the company targets operating profit of 4.5 billion yen and ROE (return on equity) of 8% or higher by fiscal year 2026. Based on this plan, the company prioritizes profitability and seeks to enhance corporate value and shareholder value. Through these efforts, Nichiban aims to achieve sustainable growth and fulfill its responsibilities to stakeholders.

Nichiban has identified three priority themes: business portfolio restructuring, globalization, and human capital management. In particular, the company will improve profitability in its tape business and strengthen resource allocation to growth businesses and new domains. Additionally, Nichiban will pursue growth in global markets through strengthening sales bases and developing new products.

In human capital management, the company emphasizes improving employee health and engagement, and promoting the active participation of diverse talent. Nichiban will advance diversity, equity, and inclusion initiatives, develop next-generation leaders, and realize diverse work styles. Through these efforts, the company aims to contribute to society and achieve sustainable growth.

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