Segment Information

NICHIAS’s Five Businesses, each involved in different markets, Cover a Wide Range of Industries.

The NICHIAS Group is engaged in five businesses. Energy and Industrial Plants, which provides engineering to plants of all types; Industrial Products, which has the basic industry as its main market; Advanced Products, which specializes in the semiconductor market; Autoparts, for which automobile and automotive parts manufactures are the main customers; Building Materials, which supplies and installs building materials for residences and buildings. These businesses span broad domains and make significant contributions to the development of diverse industries. We are pushing ahead with globalization by putting our accumulated technology and experience to work.

Overview by Segment for the second quarter of FY2019

In the second quarter of FY2019, net sales for the NICHIAS Group decreased by 5.2% year on year to ¥101,014 million.

In terms of profits, operating income decreased by 14.7% year on year to ¥9,969 million, ordinary income decreased by 17.8% year on year to ¥10,038 million, and profit attributable to owners of the parent company decreased by 15.0% year on year to ¥7,040 million.

The net sales by segment for the second quarter of FY2019 are as follows:

Energy and Industrial Plants

Sales decreased by 6.5% year on year to ¥30,911 million. When excluding the large-scale shipbuilding construction projects posted in the previous year, we find that demand was solid particularly from petroleum refining and petrochemical companies as well as electricity companies.

Industrial Products

Sales decreased by 1.8% year on year to ¥22,452 million due to slowing demand for fluoropolymer products for semiconductor-related applications as a result of the impact of the US-China trade coflict, as well as sluggish demand for electrical parts. However, demand was strong for sealing materials for infrastructure and for inorganic thermal insulation materials.

Advanced Products

Sales fell by 21.8% year on year to ¥10,352 million due to low demand for semiconductor production equipment.

Autoparts

Sales fell by 1.1% year on year to ¥22,295 million because of the impact of higher amounts of sales following changes to the fiscal periods of some consolidated subsidiaries in the first quarter of the fiscal year 2018. Although overseas demand declined, domestic demand was in line with the previous year.

Building Materials

Sales rose by 0.9% year on year to ¥15,002 million due to the ongoing strength of demand for wrap-type fireproof materials.

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FY:
April 1 - March 31
1st Quarter:
April 1 - June 30
2nd Quarter:
July 1 - September 30
3rd Quarter:
October 1 - December 31
4th Quarter:
January 1 - March 31

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