Worth reading
71In 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
893
¥ million (year-on-year increase in operating income)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFull year for the fiscal year ending April 202614 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,008 million+2.2%
Operating profit¥2,679 million+50.0%
Ordinary income¥2,563 million+49.2%
Net income¥1,850 million+29.1%
Operating profit marginnot disclosed (ordinary profit margin was 9.2% for the fiscal year ended April 2026; year-on-year change in percentage points was not disclosed)
Full-year earnings forecast
Fiscal year ending April 2026
Net Sales
¥27,700 million
Operating profit
¥2,400 million
Ordinary income
¥2,300 million
Net income for the current fiscal year
¥1,600 million
Depreciation and amortization
¥2,020 million
Adjusted EBITDA
¥4,420 million
Fiscal year ending April 2027Undecided
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Fiscal year ending April 2026
Net Sales101.1%
Operating profit111.7%
Ordinary income111.5%
Net income for the current fiscal year115.7%
Depreciation and amortization97.9%
Adjusted EBITDA99.4%
Building materials revenue100.4%
Building materials segment profit112.8%
Chemical Products revenue102.0%
Chemical products segment profit106.8%
Magnesium revenue102.5%
Ceramics revenue99.1%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Profit exceeded the forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales volume
¥43 million
Impact of price pass-through, etc.
¥217 million
Improved product mix
¥341 million
Cost improvement
¥200 million
Increase in fixed costs
¥-169 million
Gain on reversal of retirement benefit reserve
¥262 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
not disclosed (the situation in the Middle East makes reasonable estimation difficult, and the forecast for the fiscal year ending April 2027 is undecided)New initiatives
- Sealing-free exterior wall materials are scheduled to be launched sequentially from August 2026
- The CO2-fixing building material ZESTA is scheduled to be launched in October 2026
- A commercial plant will be brought into operation to convert CO2 from the company's factory emissions into raw materials for use in building materials and chemical products
- Development and mass production of new methods and materials for ceramics used in high-power lasers
- Focus on high-value-added fields for magnesium, including pharmaceuticals and supplements, data centers and automobiles, and electric power and energy
Key KPIsA metric the company considers important as a management benchmark.
New housing starts
71.1 10,000 units-12.9%
Detached housing starts
32.3 10,000 units-7.7%
Non-residential ratio
14.5 %
Overseas sales ratio (magnesium)
56.9 %
High-end soffit board revenue
¥4,033 million+12.8%
Equity ratio
47.6 %
ROE
13.4 %
PBR
1.16 times
Segment results
Ceramic building materials business
Net Sales
¥15,356 million+1.8%
Segment profit
¥1,466 million+61.2%
Chemical Products Business
Net Sales
¥12,652 million+2.7%
Segment profit
¥2,135 million+27.9%
Magnesium
Net Sales
¥10,868 million+4.4%
Ceramics
Net Sales
¥1,783 million-6.2%
Medium-term management plan targets
The earnings plan for the fiscal years ending April 2027 through April 2029 is undecided. Key initiatives include the development and mass production of ceramics for high-power lasers, shifting magnesium sales toward high-value-added products, and expanding sales of high-value-added building materialsFinancial targets
ROETo remain above the cost of shareholders' equity (13.4% for the fiscal year ended April 2026)
Equity ratio
47.6 %
Market Size / Share
New housing starts totaled 711,000 units, including 323,000 detached housing starts. The materials state that Sonic Light Panel NAS has a monopoly share in the non-residential sector, but the numerical market share is not disclosedNumber of stores and locations
The number of locations is stated, but the year-end figure and the number of openings and closures during the period are not disclosedNumber of employees
681 people
Capital expenditures
¥3,001 million acquisitions of property, plant and equipment
Annual Dividend
Fiscal year ending April 2026
¥49 per share
Fiscal year ending April 2027Undecided
Payout ratio
Fiscal year ending April 202624 %
Excluding gain on reversal of retirement benefit reserve26.6%
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Full year for the fiscal year ending April 2026 |
| Net Sales | ¥28,008 million (YoY +2.2%) |
| Operating profit | ¥2,679 million (YoY +50.0%) |
| Ordinary income | ¥2,563 million (YoY +49.2%) |
| Net income | ¥1,850 million (YoY +29.1%) |
| Operating profit margin | not disclosed (ordinary profit margin was 9.2% for the fiscal year ended April 2026; year-on-year change in percentage points was not disclosed) |
| Full-year earnings forecast | Fiscal year ending April 2026 Net Sales ¥27,700 million / Operating profit ¥2,400 million / Ordinary income ¥2,300 million / Net income for the current fiscal year ¥1,600 million / Depreciation and amortization ¥2,020 million / Adjusted EBITDA ¥4,420 million / Fiscal year ending April 2027 Undecided |
| Progress against full-year forecast | Fiscal year ending April 2026 Net Sales 101.1% / Operating profit 111.7% / Ordinary income 111.5% / Net income for the current fiscal year 115.7% / Depreciation and amortization 97.9% / Adjusted EBITDA 99.4% / Building materials revenue 100.4% / Building materials segment profit 112.8% / Chemical Products revenue 102.0% / Chemical products segment profit 106.8% / Magnesium revenue 102.5% / Ceramics revenue 99.1% |
| Self-assessment against the plan | Profit exceeded the forecast |
| Segment results | Ceramic building materials business Net Sales ¥15,356 million (YoY +1.8%) / Segment profit ¥1,466 million (YoY +61.2%) / Chemical Products Business Net Sales ¥12,652 million (YoY +2.7%) / Segment profit ¥2,135 million (YoY +27.9%) / Magnesium Net Sales ¥10,868 million (YoY +4.4%) / Ceramics Net Sales ¥1,783 million (YoY -6.2%) |
| Breakdown of Factors Affecting the Change | Increase in sales volume ¥43 million / Impact of price pass-through, etc. ¥217 million / Improved product mix ¥341 million / Cost improvement ¥200 million / Increase in fixed costs ¥-169 million / Gain on reversal of retirement benefit reserve ¥262 million |
| Key KPIs | New housing starts 71.1 10,000 units (YoY -12.9%) / Detached housing starts 32.3 10,000 units (YoY -7.7%) / Non-residential ratio 14.5 % / Overseas sales ratio (magnesium) 56.9 % / High-end soffit board revenue ¥4,033 million (YoY +12.8%) / Equity ratio 47.6 % / ROE 13.4 % / PBR 1.16 times |
| Number of stores and locations | The number of locations is stated, but the year-end figure and the number of openings and closures during the period are not disclosed |
| Number of employees | 681 people |
| Assumptions Underlying the Business Outlook | not disclosed (the situation in the Middle East makes reasonable estimation difficult, and the forecast for the fiscal year ending April 2027 is undecided) |
| Medium-term management plan targets | The earnings plan for the fiscal years ending April 2027 through April 2029 is undecided. Key initiatives include the development and mass production of ceramics for high-power lasers, shifting magnesium sales toward high-value-added products, and expanding sales of high-value-added building materials |
| Financial targets | ROE To remain above the cost of shareholders' equity (13.4% for the fiscal year ended April 2026) / Equity ratio 47.6 % |
| Annual Dividend | Fiscal year ending April 2026 ¥49 per share / Fiscal year ending April 2027 Undecided |
| Payout ratio | Fiscal year ending April 2026 24 % / Excluding gain on reversal of retirement benefit reserve 26.6% |
| Capital expenditures | ¥3,001 million (acquisitions of property, plant and equipment) |
| Market Size / Share | New housing starts totaled 711,000 units, including 323,000 detached housing starts. The materials state that Sonic Light Panel NAS has a monopoly share in the non-residential sector, but the numerical market share is not disclosed |
| New initiatives | Sealing-free exterior wall materials are scheduled to be launched sequentially from August 2026, The CO2-fixing building material ZESTA is scheduled to be launched in October 2026, A commercial plant will be brought into operation to convert CO2 from the company's factory emissions into raw materials for use in building materials and chemical products, Development and mass production of new methods and materials for ceramics used in high-power lasers, Focus on high-value-added fields for magnesium, including pharmaceuticals and supplements, data centers and automobiles, and electric power and energy |
Items this document does not state (8)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesOrders 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.Profit growth was driven by price pass-through, expanded sales of high-value-added products, higher sales volumes, an improved product mix, and cost improvements achieved through factory efforts. In addition, a gain of ¥262 million was recognized from the reversal of the retirement benefit reserve due to a change in the discount rate accompanying higher interest rates. Fixed costs, however, increased by ¥169 million. The reason the forecast for the fiscal year ending April 2027 was left undecided was the heightened uncertainty regarding the procurement environment for raw materials and fuel, rising costs, and demand trends resulting from the situation in the Middle East.
How to read this page
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