Nippon Sanso Holdings Corporation reported a JPY25bn ($159m) jump in full year net profit to JPY123.891bn ($783m) in 2026.
Improved profitability was attributed to price management and productivity initiatives, with Middle East tensions providing “limited impact”. Capital expenditures for the full year totalled JPY109.1bn ($656m). Its fiscal year closed on 31 March.
US industrial gas sales increased to JPY95bn ($604m) in Q4, up 5.2% year-on-year, which was slightly above Europe (JPY92bn/$590m).
However US shipment volumes remained soft and in the equipment and installation business, the electronics-related business recorded a sales decline, and European volume shipments, including air separation gases, also decreased.
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In Japan’s industrial gas-related business, price management continued, with a primary focus on carbon dioxide, packaged gases, and electronic material gases. However shipment volumes of gases, including air separation gases, fell, resulting in lower sales.
Within the equipment and installation business, while the electronics-related business achieved higher sales driven by progress in medium- and large-scale projects, the industrial gas-related business recorded lower sales.
Taiyo Nippon Sanso Corporation announced it will construct a new facility to develop in Tokyo in January. Both the Matheson and Taiyo brands will be .
In Asia & Oceania, sales increased due to contributions from the Australian LP gas sales business acquired in the previous fiscal year and the industrial gas business in the Oceania region acquired in the current fiscal year.
In the electronics-related business, shipment volumes of electronic material gases showed a recovering trend, and equipment and installation performed steadily, resulting in increased sales. Sales increased in Japan but decreased in Korea.
Nippon Gases formally rebranded as .
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