Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published Interim period: 7 August 2026; full year: 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Demand for the core business exceeded expectations, particularly as orders for titanium dioxide and surfactants for general-purpose applications remained strong, limiting the impact of the anticipated post-peak decline. On the profit front, productivity improvements, the effects of cost reductions and revised selling prices had an impact. The full-year forecast incorporates continued strong orders and upfront investment for future growth, including investment in human resources.
| Item | Details |
|---|---|
| Net Sales | Interim period 29,500 / Full year 59,500 → Interim results 33,905 / Revised full-year forecast 68,000（Interim period 14.9 / Full year 14.3） |
| Operating profit | Interim period 1,800 / Full year 2,500 → Interim results 3,199 / Revised full-year forecast 3,300（Interim period 77.7 / Full year 32） |
| Ordinary income | Interim period 2,100 / Full year 2,900 → Interim results 3,558 / Revised full-year forecast 3,700（Interim period 69.5 / Full year 27.6） |
| Profit attributable to owners of the parent | Interim period 1,400 / Full year 1,800 → Interim results 2,468 / Revised full-year forecast 2,500（Interim period 76.3 / Full year 38.9） |
| Net income per share | Interim period 61.32 / Full year 78.84 → Interim results 109.21 / Revised full-year forecast 109.5 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | Interim period: 7 August 2026; full year: 13 May 2026 |
| Previous-period results | Interim period (second quarter of the fiscal year ending March 2026) Net Sales 27,056 / Operating profit 1,407 / Ordinary income 1,561 / Profit attributable to owners of parent for the quarter 1,047 / Interim net profit per share 45.88 / Full year (fiscal year ended March 2026) Net Sales 57,373 / Operating profit 2,176 / Ordinary income 2,672 / Profit attributable to owners of the parent -878 / Net income per share Not disclosed |
| Reason for the revision | Demand for the core business exceeded expectations, particularly as orders for titanium dioxide and surfactants for general-purpose applications remained strong, limiting the impact of the anticipated post-peak decline. On the profit front, productivity improvements, the effects of cost reductions and revised selling prices had an impact. The full-year forecast incorporates continued strong orders and upfront investment for future growth, including investment in human resources. |
| Dividend forecast revision | The year-end dividend forecast was increased by ¥30.00 per share, from ¥40.00 to ¥70.00, and the annual dividend forecast was increased from ¥80.00 to ¥110.00. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Demand for the core business exceeded expectations, and orders for titanium dioxide and surfactants for general-purpose applications were strong, limiting the impact of the anticipated post-peak decline. On the profit front, while rising raw material prices had an impact, productivity improvements, cost reductions and revised selling prices had a positive effect. For the full year, the forecast incorporates continued strong orders and upfront investment for future growth, including investment in human resources.