Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
205
¥100 millionWording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,786 100 million+9.0%
Operating profit¥135 100 million-29.0%
Ordinary income¥135 100 million-28.0%
Net income¥99 100 million-18.0%
Selling, general and administrative expenses¥471 100 million
Results for the three months of the current quarter
Consolidated revenue
¥930 100 million
Consolidated operating profit
¥74 100 million
Full-year earnings forecast
Net Sales
¥3,920 100 million
Operating profit
¥340 100 million
Ordinary income
¥340 100 million
Profit attributable to owners of the parent
¥465 100 million
Earnings per share
¥648.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as planned toward achieving Medium-Term Management Plan 2030Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit, first half
Operating profit, second quarter of fiscal year ending March 2026¥191 100 million
Raw material and fuel price variance¥-89 100 million
Volume variance¥12 100 million
Sales price differential¥-24 100 million
Other¥-29 100 million
Operating profit, second quarter of fiscal year ending March 2027¥135 100 million
Change in operating profit, full year
Operating profit, fiscal year ended March 2026¥370 100 million
Raw material and fuel price variance¥-218 100 million
Volume variance¥37 100 million
Sales price differential¥195 100 million
Changes in material consumption, operating rates and other factors¥-24 100 million
Other¥-21 100 million
Operating income forecast for the fiscal year ending March 2027¥340 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange
First-half results¥159 /$
Second-half assumptions¥160 /$
Domestic naphtha price
First-half results¥107,700 /kL
Second-half assumptions¥92,000 /kL
New initiatives
- Transfer of the domestic sales business for cement and solidifying materials to トクヤマ太平洋株式会社
- OEM supply of cement and solidifying materials for the domestic market to Taiheiyo Cement after the transfer
- Expansion of production capacity for polysilicon for semiconductors, thermal management materials and IC chemicals
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio48.8 %
- D/E ratio0.57 times
- Net debt-to-equity ratio0.41 times
- Interim net income per share¥139.26
Segment results
Chemical Products
Net Sales
¥527 100 million
Operating profit
¥16 100 million
Year-on-year sales+1%
Year-on-year operating profit-70%
Cement
Net Sales
¥332 100 million
Operating profit
¥42 100 million
Year-on-year sales+2%
Year-on-year operating profit-12%
Advanced Electronic Materials
Net Sales
¥465 100 million
Operating profit
¥67 100 million
Year-on-year sales+9%
Year-on-year operating profit-3%
Life Science
Net Sales
¥290 100 million
Operating profit
¥53 100 million
Year-on-year sales+51%
Year-on-year operating profit+32%
Environmental Business
Net Sales
¥25 100 million
Operating profit
¥0 100 million
Year-on-year sales-3%
Year-on-year operating profit-79%
Other
Net Sales
¥207 100 million
Operating profit
¥8 100 million
Year-on-year sales+3%
Year-on-year operating profit-35%
Medium-term management plan targets
Medium-Term Management Plan 2030
TargetExpansion of production capacity for polysilicon for semiconductors, thermal management materials, IC chemicals and other products
Target fiscal yearFiscal 2027–2028
Comparison with actual resultsProgress in line with plan
Financial targets
Equity ratio
Actual results48.8 %
Debt-to-equity ratio
Actual results0.57 times
Net debt-to-equity ratio
Actual results0.41 times
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impairment loss on assets related to the cement business
¥120 100 million
Number of employees
Number of employees on secondment48 People
Capital expenditures
¥409 100 million
Annual Dividend
Annual dividend amount
¥140
Interim
¥60
End of period
¥80
Payout ratio
21.6 %
DOE
3.4 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥1,786 100 million (YoY +9.0%) |
| Operating profit | ¥135 100 million (YoY -29.0%) |
| Ordinary income | ¥135 100 million (YoY -28.0%) |
| Net income | ¥99 100 million (YoY -18.0%) |
| Selling, general and administrative expenses | ¥471 100 million |
| Results for the three months of the current quarter | Consolidated revenue ¥930 100 million / Consolidated operating profit ¥74 100 million |
| Full-year earnings forecast | Net Sales ¥3,920 100 million / Operating profit ¥340 100 million / Ordinary income ¥340 100 million / Profit attributable to owners of the parent ¥465 100 million / Earnings per share ¥648.8 |
| Self-assessment against the plan | Progressing as planned toward achieving Medium-Term Management Plan 2030 |
| Segment results | Chemical Products Net Sales ¥527 100 million / Operating profit ¥16 100 million / Year-on-year sales +1% / Year-on-year operating profit -70% / Cement Net Sales ¥332 100 million / Operating profit ¥42 100 million / Year-on-year sales +2% / Year-on-year operating profit -12% / Advanced Electronic Materials Net Sales ¥465 100 million / Operating profit ¥67 100 million / Year-on-year sales +9% / Year-on-year operating profit -3% / Life Science Net Sales ¥290 100 million / Operating profit ¥53 100 million / Year-on-year sales +51% / Year-on-year operating profit +32% / Environmental Business Net Sales ¥25 100 million / Operating profit ¥0 100 million / Year-on-year sales -3% / Year-on-year operating profit -79% / Other Net Sales ¥207 100 million / Operating profit ¥8 100 million / Year-on-year sales +3% / Year-on-year operating profit -35% |
| Breakdown of Factors Affecting the Change | Change in operating profit, first half Operating profit, second quarter of fiscal year ending March 2026 ¥191 100 million / Raw material and fuel price variance ¥-89 100 million / Volume variance ¥12 100 million / Sales price differential ¥-24 100 million / Changes in material consumption, operating rates and other factors Not disclosed / Other ¥-29 100 million / Operating profit, second quarter of fiscal year ending March 2027 ¥135 100 million / Change in operating profit, full year Operating profit, fiscal year ended March 2026 ¥370 100 million / Raw material and fuel price variance ¥-218 100 million / Volume variance ¥37 100 million / Sales price differential ¥195 100 million / Changes in material consumption, operating rates and other factors ¥-24 100 million / Other ¥-21 100 million / Operating income forecast for the fiscal year ending March 2027 ¥340 100 million |
| Key KPIs | Indicator name Equity ratio / Value 48.8 % / Year on year against the same period last year Not disclosed, Indicator name D/E ratio / Value 0.57 times / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.41 times / Year on year against the same period last year Not disclosed, Indicator name Interim net income per share / Value ¥139.26 / Year on year against the same period last year Not disclosed |
| Number of employees | Number of employees on secondment 48 People |
| Assumptions Underlying the Business Outlook | Foreign Exchange First-half results ¥159 /$ / Second-half assumptions ¥160 /$ / Domestic naphtha price First-half results ¥107,700 /kL / Second-half assumptions ¥92,000 /kL |
| Risk amount incorporated into the outlook | Impairment loss on assets related to the cement business ¥120 100 million |
| Medium-term management plan targets | Name Medium-Term Management Plan 2030 / Target Expansion of production capacity for polysilicon for semiconductors, thermal management materials, IC chemicals and other products / Target fiscal year Fiscal 2027–2028 / Comparison with actual results Progress in line with plan |
| Financial targets | Equity ratio Actual results 48.8 % / Debt-to-equity ratio Actual results 0.57 times / Net debt-to-equity ratio Actual results 0.41 times |
| Annual Dividend | Annual dividend amount ¥140 / Interim ¥60 / End of period ¥80 |
| Payout ratio | 21.6 % |
| Capital expenditures | ¥409 100 million |
| New initiatives | Transfer of the domestic sales business for cement and solidifying materials to トクヤマ太平洋株式会社, OEM supply of cement and solidifying materials for the domestic market to Taiheiyo Cement after the transfer, Expansion of production capacity for polysilicon for semiconductors, thermal management materials and IC chemicals |
Items this document does not state (9)
Gross Profit MarginOperating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.Revenue increased in the first half due to the consolidation of TLS Group, sales growth at エイアンドティー, and higher sales of semiconductor-related products, while operating profit declined due to higher raw material and fuel costs, among other factors. The full-year net income forecast was revised from ¥26 billion to ¥46.5 billion, reflecting an expected gain of approximately ¥32 billion on the transfer of the cement-related business, partly offset by the recognition of an impairment loss of approximately ¥12 billion on assets related to the cement business.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.