(5905) Stock Price

Nippon Seikan Co., Ltd. operates primarily in metal can manufacturing and sales, as well as real estate rental business. The company conducts its operations together with its subsidiary, Shinsei Seikan Co., Ltd. Shinsei Seikan maintains manufacturing facilities in the Kansai region and operates as a specialized manufacturer of 18-liter cans.

In the Kanto region, Nippon Seikan performs OEM production for Shinsei Seikan. This arrangement establishes an efficient production system tailored to each region. Additionally, Nippon Seikan procures its primary raw materials from Itochu Marubeni Steel Inc., its major shareholder. This ensures a stable supply chain.

The business structure of the Nippon Seikan Group divides roles between the parent company, Nippon Seikan, and its subsidiary, Shinsei Seikan, with each operating in their respective regions. This enables the group to conduct stable business operations centered on metal can manufacturing and sales.

Nippon Seikan Co., Ltd. is advancing management reforms for the next 100 years as it approaches its 100th anniversary in fiscal 2025. Amid anticipated performance deterioration due to delayed startup of new equipment for decorative cans originally scheduled for fiscal 2024, the company is working company-wide toward stable growth through comprehensive reform.

The company's goal is to become a leading Japanese enterprise in the metal can manufacturing and sales sector with strong growth potential and profitability. By responding quickly to customer needs and strengthening new product development capabilities, the company aims to bring fresh innovation to the industry. Through this approach, it seeks to form an attractive corporate group for shareholders, business partners, and employees, while contributing to social development.

Nippon Seikan's corporate purpose is to create a bright and prosperous future through "Plus for customers, Plus for employees, Plus for society." The company aims to provide high-value-added products to customers, establish safe and secure workplace environments for employees, and offer a sustainable future to society.

The company's management strategy includes strengthening its operational foundation through manufacturing cost reduction and product mix improvement, creating new revenue bases through new product development, enhancing profitability, strengthening its real estate rental business, and laying groundwork for the future through business partnerships and M&A. Through these initiatives, the company aims to achieve sustainable growth.

Nippon Seikan is advancing transformation of its corporate structure and culture to ensure survival in a challenging business environment. The company is particularly focused on strengthening its revenue base through manufacturing cost reduction and new product development, pursuing sustainable growth. This approach aims to realize stable management for the next 100 years.