Komori
Earnings4028ISHIHARA SANGYO KAISHA,LTD.Materials and Chemicals

Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated)

For the fiscal year ended March 2026, net sales increased 6.7% year on year and operating income increased 82.0%, resulting in a substantial increase in profit. For the fiscal year ending March 2027, however, both net sales and operating income are expected to decline, with operating income forecast to decrease 25.6%.

Worth reading
69In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
8595
¥ million
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales154,897¥ millionYear on year +6.7%Progress 103.3%
Operating profit19,077¥ millionYear on year +82.0%Progress 134.3%
Ordinary income21,737¥ millionYear on year +90.8%Progress 163.4%
Net income attributable to owners of the parent16,636¥ millionYear on year +97.8%Progress 182.8%

The 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. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥434.78
Operating Margin12.3
Financial position at period-end
Total assets240,408¥ million
of which net assets 129,178 ¥ millionEquity ratio 53.7%vs. prior year-end +2.9pt

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.

Cash inflows and outflows
Operating+17,259
Investment-10,009
Financials-3,816
Net change+3,434

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.

Cash and cash equivalents at end of period¥29,424 million
Segment revenueOrganic chemicals business ¥82,619 million, Inorganic Chemicals Business ¥68,247 million, Other Businesses ¥4,030 million
Segment profitOrganic chemicals business ¥18,330 million, Inorganic Chemicals Business ¥4,972 million, Other Businesses ¥630 million
Regional sales¥59,646 million, ¥31,178 million, ¥28,941 million, ¥33,979 million, ¥1,152 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥150,000 million (YoY -3.2%)
Operating profit¥14,200 million (YoY -25.6%)
Ordinary income¥13,300 million (YoY -38.8%)
Net income¥9,100 million (YoY -45.3%)
Annual Dividend Forecast¥120 → ¥130
Payout ratioFiscal year ending March 2026 27.6 / Fiscal year ending March 2027 (forecast) 54.7
Shareholder Return PolicyThe company targets a consolidated dividend payout ratio of 40% for the fiscal year ending March 2026. During the period of the medium-term management plan, dividends will be paid with a lower limit of 3% for DOE (dividend on equity, based on consolidated shareholders' equity).
Factors Behind Changes in Business Performance

Sales of agricultural chemicals increased in the Americas, Asia and Europe, supported by exchange rate movements and weather conditions. The organic chemicals business benefited from progress in market development, while the inorganic chemicals business benefited from growth in domestic sales of electronic materials, steady sales of functional colorants, and improved profitability from maintaining sales prices for fine chemicals.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 1 / Name of newly added company ISK BIOSCIENCES INDIA PVT. LTD. / Excluded 0 / Excluded Company Name None
Material subsequent eventsA fire occurred on 19 April 2026 at the Kobe Plant of Fuji Titanium Industry Co., Ltd., a consolidated subsidiary. The flue gas treatment facilities were damaged, and operations remain suspended. The impact on business results and the amount of losses are under investigation.
Impairment loss¥382 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥19 million / Extraordinary loss Losses on disposal of fixed assets ¥780 million, Impairment Losses ¥382 million, Loss on closure of a plant ¥364 million
Depreciation and amortization¥4,855 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For analysts
Issued Shares at Period-End40,383,943 Shares
Treasury Shares at Period-End2,117,170 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥154,897 million (YoY +6.7%)
Operating profit¥19,077 million (YoY +82.0%)
Ordinary income¥21,737 million (YoY +90.8%)
Profit attributable to owners of the parent¥16,636 million (YoY +97.8%)
Net income per share¥434.78
Operating Margin12.3
Equity ratioEnd of the current fiscal period 53.7 / End of previous period 50.8
Total assets¥240,408 million
Net assets¥129,178 million
Cash flows from operating activities¥17,259 million
Cash flows from investing activities¥-10,009 million
Cash flows from financing activities¥-3,816 million
Cash and cash equivalents at end of period¥29,424 million
Full-year earnings forecastNet Sales ¥150,000 million (YoY -3.2%) / Operating profit ¥14,200 million (YoY -25.6%) / Ordinary income ¥13,300 million (YoY -38.8%) / Net income ¥9,100 million (YoY -45.3%)
Annual Dividend Forecast¥120 → ¥130
Payout ratioFiscal year ending March 2026 27.6 / Fiscal year ending March 2027 (forecast) 54.7
Shareholder Return PolicyThe company targets a consolidated dividend payout ratio of 40% for the fiscal year ending March 2026. During the period of the medium-term management plan, dividends will be paid with a lower limit of 3% for DOE (dividend on equity, based on consolidated shareholders' equity).
Segment revenueOrganic chemicals business ¥82,619 million, Inorganic Chemicals Business ¥68,247 million, Other Businesses ¥4,030 million
Segment profitOrganic chemicals business ¥18,330 million, Inorganic Chemicals Business ¥4,972 million, Other Businesses ¥630 million
Regional sales¥59,646 million, ¥31,178 million, ¥28,941 million, ¥33,979 million, ¥1,152 million
Depreciation and amortization¥4,855 million
Impairment loss¥382 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥19 million / Extraordinary loss Losses on disposal of fixed assets ¥780 million, Impairment Losses ¥382 million, Loss on closure of a plant ¥364 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 1 / Name of newly added company ISK BIOSCIENCES INDIA PVT. LTD. / Excluded 0 / Excluded Company Name None
Material subsequent eventsA fire occurred on 19 April 2026 at the Kobe Plant of Fuji Titanium Industry Co., Ltd., a consolidated subsidiary. The flue gas treatment facilities were damaged, and operations remain suspended. The impact on business results and the amount of losses are under investigation.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person For analysts
Issued Shares at Period-End40,383,943 Shares
Treasury Shares at Period-End2,117,170 Shares
Factors Behind Changes in Business PerformanceSales of agricultural chemicals increased in the Americas, Asia and Europe, supported by exchange rate movements and weather conditions. The organic chemicals business benefited from progress in market development, while the inorganic chemicals business benefited from growth in domestic sales of electronic materials, steady sales of functional colorants, and improved profitability from maintaining sales prices for fine chemicals.
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog

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.

Sales of agricultural chemicals increased in the Americas, Asia and Europe, supported by exchange rate movements and weather conditions. In the organic chemicals business, progress in market development contributed to results. In the inorganic chemicals business, contributions came from growth in domestic sales of electronic materials, steady sales of functional colorants, and improved profitability from maintaining sales prices for fine chemicals. For the next fiscal year, the company expects the expiration of the temporary increase in European agricultural chemical demand in the previous fiscal year, higher joint development costs for new agricultural chemicals, higher research and development expenses for veterinary pharmaceuticals, weak demand and market conditions for titanium dioxide, with the impact and losses from the fire still under investigation, and higher costs due to inflation.

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Financial Results for the Fiscal Year Ending March 2026 (Japanese GAAP) (Consolidated) | ISHIHARA SANGYO KAISHA,LTD. (4028) timely disclosure | Komori