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Business Description
Nichias Corp (Nichias) manufactures and markets insulation and protection technology based products. Its products cater to a wide range of sectors including power, natural gas, petroleum refinery, petrochemicals, chemicals, steel, metals, automobiles, electric equipment, medical equipment, aerospace, industrial equipment, construction, paper, and shipbuilding, among others. The company operates through five reportable business segments: Energy and Industrial Plants, Industrial Products, Advanced Products, Autoparts, and Building Materials.
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R&D Overview
The company’s R&D focuses on the functional improvements and enhancements of its products such as insulation made of rock wool. The company carries out its research and development through its technical centres, in each of its divisions. These centres focus on developing products and construction methods in close alignment with its customers. In semiconductor equipment, the company focuses on improving machining precision and cleanliness. Its development initiatives in auto parts emphasizes on addressing environmental problems along with meeting demands for products that support internal-combustion engines as well as to develop new products for electric vehicles. In FY2023, Nichias spent JPY5,715 million on R&D, which was 2.4% of the company’s revenue and declined by 1.5% YoY.
Business Segments
Overview
Manufactures and markets sealing materials, honeycomb filters, fluoropolymer products, and inorganic fiber insulating materials for LCD and semiconductor manufacturing equipment.
Performance
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Overview
Manufactures and markets automotive parts such as engine accessory, sealing materials for engines, and parts with noise reduction, thermal insulation, and vibrations control features.
Performance
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Overview
Manufactures and markets non-combustible building materials such as residential insulation with rockwool, non-combustible interior and decorative boards composed of calcium silicate, and insulating materials. Also, carries out design and installation free-access floors with various floor materials, and construction of fireproofing protection with non-combustible building materials for office buildings.
Performance
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Overview
Carries out design, installation, and maintenance of fireproofing, thermal insulation, sound proofing, cryogenic insulation, and disaster prevention work for plants in industries such as power, petroleum, and petrochemicals, among others. Also, offers sealing materials, thermal insulation materials made of inorganic fiber, and fluoropolymer products for plant facilities.
Performance
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Overview
Manufactures and markets sealing materials, anticorrosive lining materials, inorganic fiber insulating materials, honeycomb filters, and fluoropolymer molding materials and processed goods for industries such as power, environment, healthcare, food, energy, and steel.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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