Hagihara Industries Inc., a manufacturer of flat yarn, reported consolidated results for the fiscal year ending October 2025: net sales of ¥31.936 billion (down 3.6% year-on-year), operating income of ¥1.467 billion (down 30.0%), ordinary income of ¥1.816 billion (down 17.1%), and net income of ¥1.794 billion (up 18.2%).
In the synthetic resin processed products business, demand from construction and civil engineering declined, leading to sluggish sales of sheets and sandbags. The concrete reinforcement fiber was also affected by overseas price competition. Packaging materials for North America saw demand stagnate due to Trump tariffs. On the other hand, the hot summer boosted sales of heat-shielding agricultural yarns and sheets. Artificial turf yarn also performed well as demand shifted from imported to domestic products.
In the machinery products business, core slitter-related products such as industrial slitters and automotive secondary battery-related slitters fell sharply. Conversely, metal foil slitters performed well, supported by additional orders.
The increase in net income was due to the recognition of ¥800 million in subsidies as extraordinary income, granted in connection with the construction of the Kasaoka Plant. For the fiscal year ending October 2026, the company plans net sales of ¥35.0 billion, operating income of ¥2.1 billion, ordinary income of ¥2.2 billion, and net income of ¥1.5 billion.
Three-Year Medium-Term Management Plan
Hagihara Industries has formulated a three-year medium-term management plan starting with the fiscal year ending October 2026. Through strategies such as strengthening product capabilities and manufacturing excellence, and expanding its environmental business, the company aims to achieve net sales of ¥40.0 billion and operating income of ¥3.0 billion in the fiscal year ending October 2028, combining both the synthetic resin processed products and machinery products businesses.