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Other Disclosures1429Nippon Aqua Co.,Ltd.Construction and Materials

Notice Regarding the Commencement of Manufacturing and Sales of the U-MAX Polyurethane Insulation Board

The Company will launch a new business manufacturing and selling the urethane insulation board “U-MAX” as its own product. The Company will proceed in stages with import sales from a partner plant in South Korea and the establishment of 3 domestic facilities.

Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
11
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Announced details

Urethane insulation board “U-MAX (YUMAX)”Marutto Aquaform
Applicable field (uses covered by this announcement)

Insulation for residential applications, including detached houses and condominiums. Insulation applications in homes, including floor insulation and exterior insulation.

Launch dateStart of manufacturing and import sales at the South Korean partner plant: during 2026 (予定)
Relationship between the counterparty and the company
Nippon Aqua Co.,Ltd.1429
Relationship with the Company

一村産業株式会社 is a partner company. The South Korean plant is a business partner plant. The Company and Associate Professor Mae Masayuki (前 真之) jointly advocate “a comfortable insulation standard equivalent to Grade 6.” Capital and personnel relationships are Not disclosed.

Counterparty一村産業株式会社Associate Professor Mae Masayuki (前 真之), Graduate School of Engineering, The University of Tokyo

一村産業株式会社 is headquartered in Kita-ku, Osaka, and its representative director and president is Oshima Hideki (大嶋 秀樹). It is a partner company that performs full pre-cut processing and direct delivery to construction sites. Associate Professor Mae Masayuki (前 真之) of the Graduate School of Engineering, The University of Tokyo, has jointly advocated with the Company the concept of “a comfortable insulation standard equivalent to Grade 6.” The name and overview of the South Korean business partner plant are Not disclosed.

Location (as indicated in this announcement)

Kyushu manufacturing facility: within Fukuoka Prefecture. Locations of the second and third manufacturing facilities: Not disclosed. Location of the South Korean business partner plant: South Korea.

The Company plans to establish 3 domestic manufacturing facilities. Capital expenditures and other investments in the Kyushu manufacturing facility: approximately ¥1.1 billion. Area and production capacity are Not disclosed.
Impact on Business Performance

The impact on results for the current fiscal year is expected to be minor. The business is expected to make an increasing contribution to results from the next fiscal year onward. Standalone sales targets for “U-MAX” are ¥3 billion for the fiscal year ending December 2027, ¥5 billion for the fiscal year ending December 2028, and ¥10 billion for the fiscal year ending December 2029.

The company does not address Contract Value / Offering price.

Source (materials cited by the company)

Market sizes are estimates calculated by the Company. Insulation board market: approximately ¥50 billion; market including on-site foamed urethane insulation materials: approximately ¥72 billion; total residential insulation materials market: approximately ¥190 billion.

Announced details
ItemDetails
Names of Products / Services CoveredUrethane insulation board “U-MAX (YUMAX)”, Marutto Aquaform
Counterparty一村産業株式会社, Associate Professor Mae Masayuki (前 真之), Graduate School of Engineering, The University of Tokyo
Counterparty overview一村産業株式会社 is headquartered in Kita-ku, Osaka, and its representative director and president is Oshima Hideki (大嶋 秀樹). It is a partner company that performs full pre-cut processing and direct delivery to construction sites. Associate Professor Mae Masayuki (前 真之) of the Graduate School of Engineering, The University of Tokyo, has jointly advocated with the Company the concept of “a comfortable insulation standard equivalent to Grade 6.” The name and overview of the South Korean business partner plant are Not disclosed.
Relationship with the Company一村産業株式会社 is a partner company. The South Korean plant is a business partner plant. The Company and Associate Professor Mae Masayuki (前 真之) jointly advocate “a comfortable insulation standard equivalent to Grade 6.” Capital and personnel relationships are Not disclosed.
Launch dateStart of manufacturing and import sales at the South Korean partner plant: during 2026 (予定)
Applicable areaInsulation for residential applications, including detached houses and condominiums. Insulation applications in homes, including floor insulation and exterior insulation.
LocationKyushu manufacturing facility: within Fukuoka Prefecture. Locations of the second and third manufacturing facilities: Not disclosed. Location of the South Korean business partner plant: South Korea.
Location scaleThe Company plans to establish 3 domestic manufacturing facilities. Capital expenditures and other investments in the Kyushu manufacturing facility: approximately ¥1.1 billion. Area and production capacity are Not disclosed.
Impact on Business PerformanceThe impact on results for the current fiscal year is expected to be minor. The business is expected to make an increasing contribution to results from the next fiscal year onward. Standalone sales targets for “U-MAX” are ¥3 billion for the fiscal year ending December 2027, ¥5 billion for the fiscal year ending December 2028, and ¥10 billion for the fiscal year ending December 2029.
SourceMarket sizes are estimates calculated by the Company. Insulation board market: approximately ¥50 billion; market including on-site foamed urethane insulation materials: approximately ¥72 billion; total residential insulation materials market: approximately ¥190 billion.
Items this document does not state (8)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage history

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The Company will strengthen its response to insulation performance in anticipation of growing interest in highly insulated homes and the start of GX ZEH application. It will also strengthen its capability to offer insulation materials for an entire home, including the roof, walls and floors, on a one-stop basis, and fully develop its insulation board business.

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Notice Regarding the Commencement of Manufacturing and Sales of the U-MAX Polyurethane Insulation Board | Nippon Aqua Co.,Ltd. (1429) timely disclosure | Komori