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
200
¥100 million (increase in full-year business profit forecast from the initial forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥13,997 100 million+13.4%
Ordinary income¥1,052 100 million +80.8%profit before tax
Net income¥691 100 million +87.1%profit for the year attributable to owners of the parent
Operating profit margin7.1 % +1.6%business profit margin
Results for the three months of the current quarter
Revenue
¥7,207 100 million+12.9%
Business profit
¥509 100 million+31.3%
Profit before tax
¥561 100 million+87.4%
Profit for the year attributable to owners of the parent
¥379 100 million+91.4%
Full-year earnings forecast
Revenue
¥28,500 100 million
Business profit
¥1,800 100 million
Profit for the year attributable to owners of the parent
¥1,100 100 million
Basic earnings per share
75.53 yen
Dividend per share
26 yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Volume variance¥352 100 million
- Price difference¥44 100 million
- Cost variance and other factors¥-128 100 million
- Foreign exchange translation differences at overseas subsidiaries¥47 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
¥155 /US$ from October onward
Global EconomyModerate expansion is expected, assuming continued growth in AI-related demand and a reduction in the downward pressure from heightened tensions in the Middle East.
New initiatives
- Share buyback (maximum aggregate purchase price: ¥70 billion; maximum number of shares: 74 million)
- Increase in the annual dividend to ¥26, including the ¥3 commemorative dividend for the 100th anniversary of the company's founding
- Structural reform, withdrawal from and downsizing of low-growth, low-profit businesses
- Capital investment in polypropylene film production facilities
Segment results
Textiles
Revenue
¥5,495 100 million+9.0%
Business profit
¥403 100 million+15.0%
Performance chemicals
Revenue
¥5,014 100 million+13.0%
Business profit
¥419 100 million+46.0%
Carbon fiber composite materials
Revenue
¥1,830 100 million+35.0%
Business profit
¥165 100 million+75.0%
Water treatment and healthcare
Revenue
¥802 100 million+4.0%
Business profit
¥75 100 million+33.0%
Other
Revenue
¥856 100 million+15.0%
Business profit
¥57 100 million+142.0%
Medium-term management plan targets
Plan nameMedium-Term Management Challenge IGNITION 2028
Target
FY2028 DOE>=3%
Capital expenditures
641 Billion yen six months ended the second quarter
Annual Dividend
¥26 /share
Interim
¥13 /share including the ¥3 commemorative dividend for the 100th anniversary of the company's founding
End of period
¥13 /share forecast
Payout ratio
34 % full-year forecast
Acquisition of treasury shares
Maximum total acquisition cost
¥700 100 million
Maximum number of shares to be repurchased
74 million shares
Period11 November 2026 to 30 June 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥13,997 100 million (YoY +13.4%) |
| Ordinary income | ¥1,052 100 million (profit before tax) (YoY +80.8%) |
| Net income | ¥691 100 million (profit for the year attributable to owners of the parent) (YoY +87.1%) |
| Operating profit margin | 7.1 % (business profit margin) (YoY +1.6%) |
| Results for the three months of the current quarter | Revenue ¥7,207 100 million (YoY +12.9%) / Business profit ¥509 100 million (YoY +31.3%) / Profit before tax ¥561 100 million (YoY +87.4%) / Profit for the year attributable to owners of the parent ¥379 100 million (YoY +91.4%) |
| Full-year earnings forecast | Revenue ¥28,500 100 million / Business profit ¥1,800 100 million / Profit for the year attributable to owners of the parent ¥1,100 100 million / Basic earnings per share 75.53 yen / Dividend per share 26 yen |
| Segment results | Textiles Revenue ¥5,495 100 million (YoY +9.0%) / Business profit ¥403 100 million (YoY +15.0%) / Performance chemicals Revenue ¥5,014 100 million (YoY +13.0%) / Business profit ¥419 100 million (YoY +46.0%) / Carbon fiber composite materials Revenue ¥1,830 100 million (YoY +35.0%) / Business profit ¥165 100 million (YoY +75.0%) / Water treatment and healthcare Revenue ¥802 100 million (YoY +4.0%) / Business profit ¥75 100 million (YoY +33.0%) / Other Revenue ¥856 100 million (YoY +15.0%) / Business profit ¥57 100 million (YoY +142.0%) |
| Breakdown of Factors Affecting the Change | Factors Volume variance / Amount ¥352 100 million, Factors Price difference / Amount ¥44 100 million, Factors Cost variance and other factors / Amount ¥-128 100 million, Factors Foreign exchange translation differences at overseas subsidiaries / Amount ¥47 100 million |
| Assumptions Underlying the Business Outlook | Exchange rate ¥155 /US$ (from October onward) / Global Economy Moderate expansion is expected, assuming continued growth in AI-related demand and a reduction in the downward pressure from heightened tensions in the Middle East. |
| Medium-term management plan targets | Plan name Medium-Term Management Challenge IGNITION 2028 / Target FY2028 DOE >=3% |
| Annual Dividend | ¥26 /share |
| Payout ratio | 34 % (full-year forecast) |
| Acquisition of treasury shares | Maximum total acquisition cost ¥700 100 million / Maximum number of shares to be repurchased 74 million shares / Period 11 November 2026 to 30 June 2027 |
| Capital expenditures | 641 Billion yen (six months ended the second quarter) |
| New initiatives | Share buyback (maximum aggregate purchase price: ¥70 billion; maximum number of shares: 74 million), Increase in the annual dividend to ¥26, including the ¥3 commemorative dividend for the 100th anniversary of the company's founding, Structural reform, withdrawal from and downsizing of low-growth, low-profit businesses, Capital investment in polypropylene film production facilities |
Items this document does not state (14)
Operating profitGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.A recovery and expansion in demand for automotive applications and carbon-fiber composite materials, increased demand related to AI and data centers, price pass-through and strategic pricing, and cost improvements lifted results. For the full-year outlook, the company expects expanding demand in growth fields, strategic pricing, and the effects of earnings-improvement projects to come through.
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