NICHIRIN CO., LTD. (5184) Stock Price

Nichirin manufactures and sells rubber products, primarily automotive hoses. The company operates through Nichirin Co., Ltd. as its core entity, along with 15 consolidated subsidiaries and one other affiliated company. These entities conduct business globally, providing region-specific products and services.

In Japan, Nichirin and its consolidated subsidiaries Nichirin Hakusan, Nichirin Service, and Nichirin Kiko manufacture and sell automotive hoses. Additionally, Taiyō Kōkō Co., Ltd. manufactures and sells non-ferrous metal materials such as molybdenum and vanadium.

In North America, NICHIRIN TENNESSEE INC., NICHIRIN MEXICO, S.A. DE C.V., NICHIRIN-FLEX U.S.A., INC., and NICHIRIN COUPLER TEC MEXICO, S.A. DE C.V. manufacture and sell automotive hoses. These companies provide products tailored to regional demand.

In the Chinese market, Suzhou Nichirin Auto Parts Co., Ltd. and Nichirin Rubber & Plastic Industry (Shanghai) Co., Ltd. manufacture and sell automotive hoses, strengthening Nichirin's presence in China.

In Asia, NICHIRIN IMPERIAL AUTOPARTS INDIA PVT., LTD., NICHIRIN VIETNAM CO., LTD., PT. NICHIRIN INDONESIA, and NICHIRIN (THAILAND) CO., LTD. manufacture and sell automotive hoses, enhancing the company's competitiveness in Asian markets.

In Europe, NICHIRIN SPAIN S.L.U. and NICHIRIN BULGARIA EOOD manufacture and sell automotive hoses, establishing operations to meet European market needs.

Nichirin is advancing its medium-term management plan "NICHIRIN New Sustainable Development Plan – with New Values and Diversity –" from 2021 onward, aiming for sustainable growth. This plan envisions achieving growth that combines new value creation and diversity through customer-focused innovation.

The company positions 2021-2022 as a recovery period from the COVID-19 pandemic and 2023-2025 as a post-COVID growth phase, mapping out its growth roadmap. Through this approach, it aims to enhance the added value of existing products and expand sales in new markets.

Nichirin's growth strategy is based on three overarching initiatives. First, it will strengthen its global profit structure through reinforcing growth sectors and creating new businesses. Second, it will secure and develop global talent capable of building new business strategies.

Additionally, the company is strengthening resilience and contributing to a new society by advancing corporate governance, CSR, and SDGs initiatives. This positions the company to respond swiftly to unforeseen circumstances.

Nichirin is addressing automotive technological innovation known as CASE, with consideration for environmental protection and a shift toward next-generation electric vehicles. Through product weight reduction to lower CO2 emissions and expansion of its residential equipment product portfolio, the company aims to become a sustainable corporate group.

The company has set consolidated management targets for 2025 of 72,800 million yen in sales, 9,400 million yen in operating profit, and an operating profit margin of 12.9%. Through these targets, Nichirin seeks to achieve sustainable growth and establish itself as a company that contributes to society.