NIFCO INC. (7988) Stock Price

Nifco operates primarily through two business segments. The first is synthetic resin molded products. In this segment, the company manufactures and sells industrial plastic fasteners and precision plastic molded components. Subsidiaries including Nifco Yamagata, Nifco Kumamoto, and Nifco Kita-Kanto are involved in this business.

The second segment is beds and furniture. In this segment, Simmons Corporation manufactures and sells beds, as well as imports and sells furniture. Overseas, operations such as Simmons Bedding & Furniture (HK) Limited conduct similar business activities. Through these operations, Nifco meets diverse market needs.

Since its founding in 1967, Nifco has grown by building on a foundation of "challenge spirit" and "creativity." Going forward, the company will continue to value these principles and aims to realize its corporate mission and purpose of existence, starting from each employee's "My Purpose." Through this approach, Nifco seeks sustainable growth and to become a company trusted by all stakeholders.

The company adopted a rolling-type medium-term management plan from fiscal 2021, setting flexible targets in response to changing market conditions. Through proposals that address customer needs, it aims to maximize both social and corporate value. The company targets net sales of 369 billion yen and operating profit of 53.4 billion yen by fiscal 2027, with a plan to achieve an operating profit margin of 14.0% or higher.

Nifco manufactures and sells industrial fasteners and engineering plastic products. During the automotive industry's period of transformation, the company will leverage its technological and development capabilities to respond flexibly. In particular, it is advancing product development to meet new needs arising from autonomous driving and IoT advancement.

The company prioritizes improved customer satisfaction and strengthens rapid decision-making and cooperation among regional bases. Additionally, it promotes organizational vitalization through sustainability management, human resource development, and diversity initiatives. The company also focuses on intellectual property protection and reduces litigation risk through patent research.