NIHON PLAST CO.,LTD. (7291) Stock Price

Nippon Plast is a corporate group primarily engaged in the manufacturing and sales of automotive parts. The group operates through 12 subsidiaries and 1 affiliated company across Japan, North America, China, and Southeast Asia. Its business is organized by region, with each area providing different products and services.

The safety parts division manufactures and sells steering wheels and airbag modules. Major operating companies include Nippon Plast in Japan, Niton Auto Products and Nihon Plast Mexicana in North America, Zhongshan Fulasike Industrial Co., Ltd. in China, and Nihon Plast Indonesia in Southeast Asia.

The resin parts division manufactures and sells interior resin products such as air conditioning components and consoles, as well as exterior resin products including cover cowl tops and protective inner fenders. The division operates across Japan, North America, China, and Southeast Asia, with Nippon Plast as a primary operator.

The other business division manufactures and sells gaming console controllers. Additionally, Nippon Plast provides administrative processing services and product transportation services through NP Service Co., Ltd. and Nippon Plast Transportation Co., Ltd.

Nippon Plast is pursuing long-term growth with its "Long-Term Vision 2048," aimed at the company's 100th anniversary in 2048. The vision targets becoming a unique, one-of-a-kind company that is trusted and chosen by all stakeholders. Leveraging its proprietary technologies and products as core strengths, the company aims to become indispensable to customers while earning trust from shareholders and local communities.

The Sixth Medium-Term Management Plan, beginning in 2024, prioritizes strengthening the management foundation. Through efficiency improvements and growth investments, the company aims to reinforce human resources, technology, and financial capabilities to maximize corporate value. Specific targets have been set across three management areas—quality, profitability, and SDGs—including pursuit of zero-defect quality, achievement of a 3% operating profit margin, and reduction of CO2 emissions.

Key initiatives include strengthening quality assurance systems, enhancing technological development capabilities, reinforcing profitability, strengthening human capital, and advancing social responsibility. In particular, the company targets zero-defect quality assurance and focuses on automation technology and next-generation product development. The company is also advancing efforts to achieve SDG targets.

To realize management that considers capital costs and stock price, Nippon Plast is working to improve ROE and strengthen shareholder returns. From 2026 onward, the company will revise its dividend policy to maintain stable dividends. Additionally, the company is prioritizing efforts toward SDG achievement and enhanced information disclosure.