MAEZAWA KASEI INDUSTRIES CO.,LTD. (7925) Stock Price

Maesawa Kasei Kogyo manufactures and sells water supply and sewage-related products, designs, constructs, and maintains water treatment facilities, and manufactures and sells various plastic products. The company operates through three main business segments.

The first segment is "Piping Materials and Equipment." This segment manufactures and sells rigid polyvinyl chloride (PVC) pipes and fittings for water supply, water meter boxes, and resin-based valves for water systems. It also handles rigid PVC pipes and fittings for sewage systems, drainage headers, PVC invert masses, and small-scale manholes.

The second segment is "Water and Environmental Engineering." Maesawa Kasei Kogyo and its subsidiary Joyo Water Works Co., Ltd. provide design, construction, and maintenance services for large-scale combined treatment septic tanks and industrial wastewater treatment facilities. Additionally, they handle water supply and drainage sanitary equipment, pump plants, and heating and cooling systems for public works projects.

The third segment is "Various Plastic Molding." The subsidiary Niigata Molding Co., Ltd. engages in custom manufacturing and sales of housing equipment product components, various plastic product components, and construction-related materials. This allows the company to meet a wide range of plastic product needs.

Maesawa Kasei Kogyo's basic management policy is to build a stable operational foundation under any business conditions and provide products and services with high customer satisfaction. The company aims to grow together with local communities and customers while pursuing sustainable development.

The company's products are primarily related to residential plumbing and water systems, making them highly sensitive to trends in new housing starts. While facing a challenging business environment due to population decline from an aging society and rising construction material costs, government housing acquisition support programs are underpinning demand.

Maesawa Kasei Kogyo has formulated its medium-term management plan "SHIFT 2026" covering fiscal years 2024 through 2026. This plan aims to establish a growth foundation based on strengthening profitability, creating new corporate value, executing strategic growth investments, and advancing sustainability-focused management.

By the final year of "SHIFT 2026," the company targets net sales of 26.0 billion yen, operating profit of 2.5 billion yen, ordinary profit of 2.75 billion yen, and net income attributable to parent company shareholders of 1.8 billion yen. Through these targets, the company seeks to achieve sustained growth and enhanced corporate value.