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Earnings presentation4021Nissan Chemical CorporationMaterials and Chemicals

FY2026 Second-Quarter Financial Results Presentation

In the first half of the fiscal year ending March 2026, revenue, operating profit and net profit all exceeded the year-earlier period, setting new record highs. As a result, the full-year forecasts announced in May 2026 were revised upward to revenue of ¥311.1 billion, operating profit of ¥72.4 billion and net profit of ¥53.3 billion, while the annual dividend was increased to ¥220.

Worth reading
85Important
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
56
Amount of upward revision to full-year operating profit forecast (¥100 million)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,456 Hundreds of millions of yen+12.0%
Operating profit342 Hundreds of millions of yen+16.0%
Ordinary income347 Hundreds of millions of yen+16.0%
Net income260 Hundreds of millions of yen+14.0%
Operating profit margin23.5%, +0.7 percentage points year on year
Results for the three months of the current quarter
Net Sales
668 Hundreds of millions of yen
Operating profit
123 Hundreds of millions of yen
Ordinary income
111 Hundreds of millions of yen
Net income
92 Hundreds of millions of yen
Full-year earnings forecast
Net Sales
3,111 Hundreds of millions of yen
Operating profit
724 Hundreds of millions of yen
Ordinary income
721 Hundreds of millions of yen
Net income
533 Hundreds of millions of yen
EPS
¥399.93 /share
ROE
20.3 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results exceeded the forecast announced in May 2026
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in first-half operating income
Functional Materials35
Agricultural Chemicals-1
Chemicals-1
Healthcare2
Year-on-year change in full-year operating profit
Functional Materials63
Agricultural Chemicals14
Chemicals4
Healthcare0
Full-year forecast for functional materials
Volume variance127
Price differences, etc.11
Fixed costs, etc.-75
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
First-half actual¥159 /US$
Second-half forecast¥152 /US$
Full-year forecast¥156 /US$
Semiconductor materials revenue growth rate
2024-2030 CAGR+20% or more
Market Growth Rate
2024-2030 CAGR10 %
New initiatives
  • Investment in semiconductor research and manufacturing equipment
  • Expansion of inorganic manufacturing facilities
  • Investment to strengthen the semiconductor supply chain
  • NBR manufacturing facility investment
  • N2O emissions reduction work at the Toyama Plant
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA419 Hundreds of millions of yen
    Year on year against the same period last year+14.5%
  • EPS¥194.7 /share
    Year on year against the same period last year+15.6%
  • Forecast ROE20.3 %
    Year on year against the same period last year0.0%
  • Semiconductor materials revenue growth rate (first half)49 %
  • Functional materials segment revenue growth rate (first half)23 %
Segment results
Functional Materials
H1 revenue
670 Hundreds of millions of yen
First-half operating profit
209 Hundreds of millions of yen
Year on year against the same period last year
Net Sales23
Operating profit20
Agricultural Chemicals
H1 revenue
414 Hundreds of millions of yen
First-half operating profit
119 Hundreds of millions of yen
Year on year against the same period last year
Net Sales-2
Operating profit-1
Medium-term management plan targets
Total payout ratioAt least 75%
Payout ratio55% or higher
Financial targets
ROE
Forecast20.3 %
Equity ratio
End-September 202673.8 %
Net debt-to-equity ratio
End-September 2026-0.08 x
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Foreign exchange gains and losses
Second-half YoY-28 Hundreds of millions of yen
Full-year YoY-35 Hundreds of millions of yen
Fixed costs, etc.
Functional Materials-75 Hundreds of millions of yen
Market Size / Share
Semiconductor materials market growth rate
10 CAGR, 2024-2030 %
Domestic agrochemical sales ranking1
Capital expenditures
257 Hundreds of millions of yen
Annual Dividend
Annual
¥220 /share
Interim
¥78 /share
End of period
¥142 /share
Payout ratio
55
Acquisition of treasury shares
Planned acquisition amount105 Hundreds of millions of yen
Repurchased55 Hundreds of millions of yen
Planned acquisition periodMay 2026–March 2027
Shares repurchased718 Hundreds of millions of yen
Share unitthousand shares
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales1,456 Hundreds of millions of yen (YoY +12.0%)
Operating profit342 Hundreds of millions of yen (YoY +16.0%)
Ordinary income347 Hundreds of millions of yen (YoY +16.0%)
Net income260 Hundreds of millions of yen (YoY +14.0%)
Operating profit margin23.5%, +0.7 percentage points year on year
Results for the three months of the current quarterNet Sales 668 Hundreds of millions of yen / Operating profit 123 Hundreds of millions of yen / Ordinary income 111 Hundreds of millions of yen / Net income 92 Hundreds of millions of yen
Full-year earnings forecastNet Sales 3,111 Hundreds of millions of yen / Operating profit 724 Hundreds of millions of yen / Ordinary income 721 Hundreds of millions of yen / Net income 533 Hundreds of millions of yen / EPS ¥399.93 /share / ROE 20.3 %
Self-assessment against the planFirst-half results exceeded the forecast announced in May 2026
Segment resultsFunctional Materials H1 revenue 670 Hundreds of millions of yen / First-half operating profit 209 Hundreds of millions of yen / Year on year against the same period last year Net Sales 23 / Operating profit 20 / Agricultural Chemicals H1 revenue 414 Hundreds of millions of yen / First-half operating profit 119 Hundreds of millions of yen / Year on year against the same period last year Net Sales -2 / Operating profit -1 / Chemicals Not disclosed / Healthcare Not disclosed
Breakdown of Factors Affecting the ChangeYear-on-year change in first-half operating income Functional Materials 35 / Agricultural Chemicals -1 / Chemicals -1 / Healthcare 2 / Year-on-year change in full-year operating profit Functional Materials 63 / Agricultural Chemicals 14 / Chemicals 4 / Healthcare 0 / Full-year forecast for functional materials Volume variance 127 / Price differences, etc. 11 / Fixed costs, etc. -75
Key KPIsIndicator name EBITDA / Value 419 Hundreds of millions of yen / Year on year against the same period last year 14.5 Hundreds of millions of yen, Indicator name EPS / Value ¥194.7 /share / Year on year against the same period last year ¥15.6 /share, Indicator name Forecast ROE / Value 20.3 % / Year on year against the same period last year 0 %, Indicator name Semiconductor materials revenue growth rate (first half) / Value 49 % / Year on year against the same period last year Not disclosed, Indicator name Functional materials segment revenue growth rate (first half) / Value 23 % / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookExchange rate First-half actual ¥159 /US$ / Second-half forecast ¥152 /US$ / Full-year forecast ¥156 /US$ / Semiconductor materials revenue growth rate 2024-2030 CAGR +20% or more / Market Growth Rate 2024-2030 CAGR 10 %
Risk amount incorporated into the outlookForeign exchange gains and losses Second-half YoY -28 Hundreds of millions of yen / Full-year YoY -35 Hundreds of millions of yen / Fixed costs, etc. Functional Materials -75 Hundreds of millions of yen
Medium-term management plan targetsTotal payout ratio At least 75% / Payout ratio 55% or higher / Target fiscal year Not disclosed
Financial targetsROE Forecast 20.3 % / Equity ratio End-September 2026 73.8 % / Net debt-to-equity ratio End-September 2026 -0.08 x
Annual DividendAnnual ¥220 /share / Interim ¥78 /share / End of period ¥142 /share
Payout ratio55
Acquisition of treasury sharesPlanned acquisition amount 105 Hundreds of millions of yen / Repurchased 55 Hundreds of millions of yen / Planned acquisition period May 2026–March 2027 / Shares repurchased 718 Hundreds of millions of yen / Share unit thousand shares
Capital expenditures257 Hundreds of millions of yen
Market Size / ShareSemiconductor materials market growth rate 10 CAGR, 2024-2030 (%) / Domestic agrochemical sales ranking 1
New initiativesInvestment in semiconductor research and manufacturing equipment, Expansion of inorganic manufacturing facilities, Investment to strengthen the semiconductor supply chain, NBR manufacturing facility investment, N2O emissions reduction work at the Toyama Plant
Items this document does not state (8)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesOrders received and order backlogKey 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.

In addition to first-half results exceeding the initial forecasts, the company expects higher sales of semiconductor materials, agricultural chemicals such as fluralaner, Gracia and Velder, and fine chemicals. For the second half, however, the forecast incorporates a deterioration in foreign exchange gains and losses and higher fixed costs, among other factors.

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FY2026 Second-Quarter Financial Results Presentation | Nissan Chemical Corporation (4021) timely disclosure | Komori