Withdrawal from the general-purpose exterior materials business for the U.S. residential market
First written in FY2026-H1. 4 of 10 entries say "Achieved", first in 2026-05-13. Latest entry: 2026-11-10.
No other company in this theme has enough history to compare yet.
- FY2026AchievedAnnual report
「In its core US business, the company carried out a structural reform by withdrawing from the general-purpose siding business for the residential market and concentrating management resources on the commercial market, including non-residential markets such as commercial facilities, and on high-end siding for the residential market, both of which offer high growth and profitability.」
Regarding the withdrawal from the general-purpose exterior materials business for the U.S. residential market decided in the first half of FY2026, the full-year report stated that the withdrawal and structural reforms had been implemented. - FY2026-H1First statedAnnual report
「At an extraordinary meeting of the Board of Directors held on 6 October 2025, the Company resolved to withdraw from the general-purpose exterior materials business for the residential market among the businesses of its consolidated subsidiary Nichiha USA,Inc. The withdrawal is scheduled to be completed by the end of December 2025. For the fiscal year ending March 2026, the Company expects to recognize an extraordinary loss of approximately ¥6.0 billion, comprising approximately ¥3.0 billion in impairment losses on fixed assets and other assets and approximately ¥3.0 billion in other one-time expenses related to this matter.」
The Company decided to withdraw from the general-purpose exterior materials business for the U.S. residential market due to intensifying competition, low profit margins and failure to improve plant utilization and defect rates. Completion was scheduled for the end of December 2025, and an extraordinary loss of approximately ¥6.0 billion was expected.