NIPPON SEIRO CO., LTD. (5010) Stock Price

Nippon Seiro is a specialized manufacturer of wax products. The company operates as a group that includes its consolidated subsidiaries Techno Wax Co., Ltd. and Nippon Seiro (Thailand) Co., Ltd., as well as non-consolidated subsidiaries Shuwa Sangyo Co., Ltd. and Nippon Seiro Kogyo Co., Ltd. Together, these companies engage primarily in the manufacturing, processing, and sales of petroleum wax, various wax products, and heavy fuel oil.

Nippon Seiro's business segments focus mainly on the manufacturing, processing, and sales of petroleum wax and various wax products. Petroleum wax is a byproduct obtained during petroleum refining and is used across multiple industries. The company also handles heavy fuel oil, addressing diverse customer needs through these product lines.

The company's products are utilized across a wide range of industries, including chemicals, paper manufacturing, and food production. Petroleum wax in particular is commonly used in products such as candles, crayons, and coating agents that are closely integrated into daily life. Through these products, Nippon Seiro contributes to various industrial sectors.

Nippon Seiro is Japan's only specialized wax manufacturer. Leveraging proprietary technology, the company provides a diverse range of high-quality wax products. Its fundamental strategy is to contribute to social and cultural development through new product development, with a focus on technological innovation, environmental responsibility, and energy efficiency.

Nippon Seiro has designated 2025 as a "foundation strengthening period" and is implementing the following initiatives. First, the company will improve wax yield through raw material selection and process improvements, while reducing heavy oil production. Additionally, it will focus on developing and selling new high-value-added wax products and optimizing its supply chain.

The company is also making capital investments at its Tokuyama Plant and Tsukuba Business Site to support growth strategy, and aims to improve its financial position through inventory reduction. Through these measures, Nippon Seiro seeks to achieve sustainable growth and rebuild its financial foundation at an early stage.

Based on its medium-term management plan (2023-2027), Nippon Seiro is transforming its business model. Dividends are expected to be suspended in 2024 and 2025; however, the company is seeking shareholder support as it targets an early resumption of dividend payments. For fiscal 2025, the company projects net sales of 21,300 million yen, operating profit of 1,400 million yen, and net profit of 790 million yen.