Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In superabsorbent resins, sales volume increased in markets including China, while revenue remained at the previous fiscal year's level because lower raw material and fuel market prices were reflected in selling prices. Operating income increased due to lower raw material and fuel prices. Functional materials recorded higher revenue and profit from expanded sales of water-soluble polymers and PSA oxygen generators, despite the impact of the termination of the IR latex business. Overall net income was affected by the recognition of expenses related to overbilling and impairment losses as extraordinary losses.
No applicable matters. The filing states, "There are no applicable matters."
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥148,354 million (YoY +0.5%) |
| Operating profit | ¥14,464 million (YoY +35.0%) |
| Ordinary income | ¥15,249 million (YoY +37.3%) |
| Profit attributable to owners of the parent | ¥7,677 million (YoY +28.8%) |
| Net income per share | ¥117.48 |
| Operating Margin | Current fiscal year 9.8 ％ / Previous period 7.3 ％ |
| Equity ratio | End of the current fiscal period 67.8 / End of previous period 66.6 |
| Total assets | ¥152,732 million |
| Net assets | ¥103,621 million |
| Cash flows from operating activities | ¥17,480 million |
| Cash flows from investing activities | ¥-11,331 million |
| Cash flows from financing activities | ¥-5,091 million |
| Cash and cash equivalents at end of period | ¥17,989 million |
| Full-year earnings forecast | Net Sales Undecided / Operating profit Undecided / Ordinary income Undecided / Net income Undecided |
| Annual Dividend Forecast | ¥220 → ¥48（Approximately 9.1% increase on a post-stock-split basis） |
| Payout ratio | 37.3 |
| Segment revenue | Superabsorbent polymers ¥116,121 million (YoY +0.5%), Functional materials ¥31,939 million (YoY +0.5%), Other ¥293 million (YoY +22.8%) |
| Segment profit | Superabsorbent polymers ¥11,524 million (YoY +42.5%), Functional materials ¥2,910 million (YoY +11.0%), Other ¥29 million |
| Regional sales | ¥40,280 million, ¥27,886 million, ¥45,065 million, ¥13,840 million, ¥11,975 million, ¥9,306 million |
| Depreciation and amortization | ¥5,524 million |
| Impairment loss | ¥1,241 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥831 million, Government subsidies ¥185 million, Insurance proceeds received ¥96 million, Gain on sale of non-current assets ¥1 million / Extraordinary loss Expenses related to overbilling ¥3,208 million, Impairment Losses ¥1,241 million, Loss on reduction of fixed assets ¥171 million, Loss on Disposal of Fixed Assets ¥64 million |
| Disclosure regarding the going concern assumption | No applicable matters. The filing states, "There are no applicable matters." |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None, whether additions or exclusions |
| Material subsequent events | Approval of a 5-for-1 stock split of common shares and amendments to the Articles of Incorporation, effective 1 April 2026; approval of the cancellation of 5,275,195 treasury shares; and approval of the acquisition of up to 840,000 treasury shares for up to ¥1,000 million and the cancellation of the acquired shares, among other matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 69,958,980 |
| Treasury Shares at Period-End | 5,275,195 |
| Factors Behind Changes in Business Performance | In superabsorbent resins, sales volume increased in markets including China, while revenue remained at the previous fiscal year's level because lower raw material and fuel market prices were reflected in selling prices. Operating income increased due to lower raw material and fuel prices. Functional materials recorded higher revenue and profit from expanded sales of water-soluble polymers and PSA oxygen generators, despite the impact of the termination of the IR latex business. Overall net income was affected by the recognition of expenses related to overbilling and impairment losses as extraordinary losses. |
Items this document does not state (3)
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.In superabsorbent resins, sales volume increased in markets including China, while revenue remained at the previous fiscal year's level because lower raw material and fuel market prices were reflected in selling prices. Operating income increased mainly due to lower raw material and fuel prices, despite the impact of higher fixed costs. In functional materials, profit increased due to expanded sales of water-soluble polymers and PSA oxygen generators. The forecast for the fiscal year ending March 2027 is undecided because it is difficult to calculate the impact of military conflicts involving Iran and other Middle Eastern countries, as well as a possible closure of the Strait of Hormuz.