Worth reading
56In 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
2200
Millions of yen (change in full-year net sales)Wording
Conditional
How definitive the wording is.Revised forecast
Fiscal year ending March 2027 · Cumulative second quarter and full yearPrevious forecast published 15 May 2026Net SalesCumulative second-quarter results26,000→27,000million
+3.8%
Net SalesFull year52,700→54,900million
+4.2%
Operating profitCumulative second-quarter results4,400→4,750million
+8.0%
Operating profitFull year9,200→9,900million
+7.6%
Ordinary incomeCumulative second-quarter results4,500→4,850million
+7.8%
Ordinary incomeFull year9,400→10,100million
+7.4%
Profit attributable to owners of the parentCumulative second-quarter results3,000→3,200million
+6.7%
Profit attributable to owners of the parentFull year6,300→6,800million
+7.9%
Net income per shareCumulative second-quarter results—→—yen
—
Net income per shareFull year—→—yen
—
The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Reason for the revision
Results for the cumulative first quarter exceeded expectations in the core abrasives business against a backdrop of increased demand for advanced semiconductors for AI-related applications. The chemicals business also remained firm, partly due to the contribution from its fifth plant, which began operations in April this year.
Previous-period resultsCumulative second-quarter results Net Sales 22,528 / Operating profit 3,771 / Ordinary income 3,904 / Interim net income attributable to owners of the parent 2,730 / Interim net income per share ¥80.58 / Full year Net Sales 45,929 / Operating profit 8,143 / Ordinary income 8,356 / Profit attributable to owners of the parent 5,612 / Net income per share ¥165.94
Dividend forecast revisionThe interim and year-end dividends have each been increased by ¥3 per share, from ¥39 to ¥42. The full-year dividend forecast has been increased from ¥78 to ¥84.
Consolidated / non-consolidatedConsolidated
| Item | Details |
|---|---|
| Net Sales | Cumulative second-quarter results 26,000 / Full year 52,700 → Cumulative second-quarter results 27,000 / Full year 54,900（Cumulative second-quarter results 3.8 / Full year 4.2） |
| Operating profit | Cumulative second-quarter results 4,400 / Full year 9,200 → Cumulative second-quarter results 4,750 / Full year 9,900（Cumulative second-quarter results 8 / Full year 7.6） |
| Ordinary income | Cumulative second-quarter results 4,500 / Full year 9,400 → Cumulative second-quarter results 4,850 / Full year 10,100（Cumulative second-quarter results 7.8 / Full year 7.4） |
| Profit attributable to owners of the parent | Cumulative second-quarter results 3,000 / Full year 6,300 → Cumulative second-quarter results 3,200 / Full year 6,800（Cumulative second-quarter results 6.7 / Full year 7.9） |
| Net income per share | Cumulative second-quarter results ¥88.97 / Full year ¥186.85 → Cumulative second-quarter results ¥94.89 / Full year ¥201.63 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Cumulative second quarter and full year |
| Publication date of previous forecast | 15 May 2026 |
| Previous-period results | Cumulative second-quarter results Net Sales 22,528 / Operating profit 3,771 / Ordinary income 3,904 / Interim net income attributable to owners of the parent 2,730 / Interim net income per share ¥80.58 / Full year Net Sales 45,929 / Operating profit 8,143 / Ordinary income 8,356 / Profit attributable to owners of the parent 5,612 / Net income per share ¥165.94 |
| Reason for the revision | Results for the cumulative first quarter exceeded expectations in the core abrasives business against a backdrop of increased demand for advanced semiconductors for AI-related applications. The chemicals business also remained firm, partly due to the contribution from its fifth plant, which began operations in April this year. |
| Dividend forecast revision | The interim and year-end dividends have each been increased by ¥3 per share, from ¥39 to ¥42. The full-year dividend forecast has been increased from ¥78 to ¥84. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
Details and amount of extraordinary loss
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 abrasives business exceeded expectations in the first quarter against a backdrop of increased demand for advanced semiconductors for AI-related applications, while the chemicals business remained firm, partly due to the contribution from its fifth plant, which began operations in April. The dividend revisions reflect the revised earnings forecasts and the company's dividend policy, which targets a consolidated payout ratio of 40% and sets DOE of 3.5% as the lower limit.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.