LIXIL VIETNAM CORPORATION

LIXIL VIETNAM CORPORATION: Sanitary Ware Leader Shows Resilience Amid Profit Slump

LIXIL VIETNAM CORPORATION (CÔNG TY TNHH LIXIL VIỆT NAM) is a long-established foreign-invested enterprise in Vietnam’s ceramic and sanitary ware industry. Founded on November 16, 2010, and operating under Business ID and Tax Code 0100113381, the company’s head office is located in Yen Binh Hamlet, Duong Xa Commune, Gia Lam District, Hanoi City. As a wholly owned subsidiary of LIXIL INTERNATIONAL PTE. LTD.(Singapore), The company serves as a key regional manufacturing hub for the globally recognized LIXIL Group.

With a team of approximately 3,000 employees, LIXIL VIETNAM CORPORATION is managed by Chairman cum General Director Mr. Matsumoto Yukiya and General Director Mr. Uchidate Katsuaki, both of Japanese nationality. The company is known for its production and distribution of sanitary ware, bathtubs, faucets, kitchen equipment, and construction materials under the INAX brand. Its operations extend beyond Hanoi with branches in Hung Yen, Da Nang, and representative offices in key regions.

Financial Performance: Declining Sales, Squeezed Profits

In the fiscal year ending March 2024, LIXIL VIETNAM CORPORATION reported USD 171.2 million in total revenue, a 12.59% decline from the previous year. This is notable considering the firm’s 13% sales growth in 2023. Net profit also fell by 27.05%, totaling USD 24.7 million, following a peak of nearly USD 34 million in 2023.

On the balance sheet side, the company maintained stability:

• Total assets grew modestly to USD 151.5 million (+4.73%)

• Owner’s equity climbed slightly to USD 115 million (+2.46%)

• Working capital rose to USD 76.7 million, indicating reasonable short-term financial health.

Despite this resilience in capital structure, the drop in both revenue and profitability suggests increased production costs, weakened market demand, or intensified competition in Vietnam’s sanitary ware market—factors that may not be immediately evident without reviewing Private Financial Data.

Risk Perspective: Stable Equity, But Pressure on Margins

From a risk management standpoint, LIXIL VIETNAM CORPORATION remains a strong entity with long-term presence and solid foreign backing. However, the double-digit revenue contraction, combined with shrinking profit margins, poses caution for partners, suppliers, and financial stakeholders.

Industry insiders may want to explore Litigation Search tools and deeper operational disclosures to determine whether the decline is cyclical or structural. As the company navigates evolving consumer preferences, green building standards, and intensified domestic competition, maintaining operational efficiency will be crucial.

Overall, LIXIL VIETNAM CORPORATION continues to be a significant player in Vietnam’s construction materials and sanitary ware landscape, but the recent financial softness invites a closer look at its market strategies and resilience under shifting economic conditions.