Worth reading
34Immaterial
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
38.7
%Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales38,634¥ millionYear on year -3.0%Progress 23.1%
Operating profit3,206¥ millionYear on year -4.7%Progress 22.1%
Ordinary income3,201¥ millionYear on year +0.2%Progress 21.2%
Net income attributable to owners of the parent2,774¥ millionYear on year +38.7%Progress 24.1%
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¥26.00
Financial position at period-end
Total assets284,108¥ million
of which net assets 213,975 ¥ millionEquity ratio 74.9%vs. prior year-end +0.6pt
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.
Segment revenueBasic Chemicals Business ¥15,697 million (YoY -12.1%), Polymer and Oligomer Business ¥9,153 million (YoY +3.9%), Adhesive Materials Business ¥3,543 million (YoY +4.5%), High-performance materials business ¥2,762 million (YoY +14.8%), Resin-Processed Products Business ¥6,881 million (YoY +0.9%), Other Businesses ¥596 million (YoY +13.8%)
Segment profitBasic Chemicals Business ¥1,650 million (YoY -27.7%), Polymer and Oligomer Business ¥878 million (YoY +39.1%), Adhesive Materials Business ¥25 million (YoY -83.3%), High-performance materials business ¥437 million (YoY +200.7%), Resin-Processed Products Business ¥669 million (YoY +33.6%), Other Businesses ¥153 million (YoY -1.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥167,000 million (YoY +2.9%)
Operating profit¥14,500 million (YoY +2.3%)
Ordinary income¥15,100 million (YoY +0.2%)
Net income¥11,500 million (YoY -9.9%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥65 → ¥70
Factors Behind Changes in Business Performance
Soaring crude oil prices, supply chain disruptions and higher raw material and fuel prices put pressure on earnings, while the company worked to review its business portfolio, improve profitability and reduce expenses. By segment, changes in sales volumes, adjustments and revisions to product prices, discontinued sales, and higher repair costs and fixed costs affected results. Profit attributable to owners of the parent increased due to the sale of idle real estate and other factors.
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 consolidationNo (0 additions and 0 exclusions; no company names)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥879 million, Subsidy Income ¥337 million / Extraordinary loss Losses on disposal of fixed assets ¥114 million, Provision for special reserve for deferred gain on replacement assets ¥336 million, Impairment Loss on Investment Securities ¥8 million, Losses from natural disasters ¥4 million
Depreciation and amortization¥2,836 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End108,000,000 Shares
Treasury Shares at Period-End1,860,048 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥38,634 million (YoY -3.0%) |
| Operating profit | ¥3,206 million (YoY -4.7%) |
| Ordinary income | ¥3,201 million (YoY +0.2%) |
| Profit attributable to owners of the parent | ¥2,774 million (YoY +38.7%) |
| Net income per share | ¥26.00 |
| Equity ratio | End of the current fiscal period 74.9 / End of previous period 74.3 |
| Total assets | ¥284,108 million |
| Net assets | ¥213,975 million |
| Full-year earnings forecast | Net Sales ¥167,000 million (YoY +2.9%) / Operating profit ¥14,500 million (YoY +2.3%) / Ordinary income ¥15,100 million (YoY +0.2%) / Net income ¥11,500 million (YoY -9.9%) |
| Revision to Earnings Forecast | No revision |
| Annual Dividend Forecast | ¥65 → ¥70 |
| Segment revenue | Basic Chemicals Business ¥15,697 million (YoY -12.1%), Polymer and Oligomer Business ¥9,153 million (YoY +3.9%), Adhesive Materials Business ¥3,543 million (YoY +4.5%), High-performance materials business ¥2,762 million (YoY +14.8%), Resin-Processed Products Business ¥6,881 million (YoY +0.9%), Other Businesses ¥596 million (YoY +13.8%) |
| Segment profit | Basic Chemicals Business ¥1,650 million (YoY -27.7%), Polymer and Oligomer Business ¥878 million (YoY +39.1%), Adhesive Materials Business ¥25 million (YoY -83.3%), High-performance materials business ¥437 million (YoY +200.7%), Resin-Processed Products Business ¥669 million (YoY +33.6%), Other Businesses ¥153 million (YoY -1.9%) |
| Depreciation and amortization | ¥2,836 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥879 million, Subsidy Income ¥337 million / Extraordinary loss Losses on disposal of fixed assets ¥114 million, Provision for special reserve for deferred gain on replacement assets ¥336 million, Impairment Loss on Investment Securities ¥8 million, Losses from natural disasters ¥4 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | No (0 additions and 0 exclusions; no company names) |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 108,000,000 Shares |
| Treasury Shares at Period-End | 1,860,048 Shares |
| Factors Behind Changes in Business Performance | Soaring crude oil prices, supply chain disruptions and higher raw material and fuel prices put pressure on earnings, while the company worked to review its business portfolio, improve profitability and reduce expenses. By segment, changes in sales volumes, adjustments and revisions to product prices, discontinued sales, and higher repair costs and fixed costs affected results. Profit attributable to owners of the parent increased due to the sale of idle real estate and other factors. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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.The company worked to review its business portfolio, improve profitability and reduce expenses. Profit attributable to owners of the parent increased due to the sale of idle real estate and other factors. The full-year forecast was left unchanged because it is currently difficult to reasonably estimate the effects of soaring crude oil and naphtha prices resulting from heightened tensions in the Middle East, concerns over raw material supplies and logistics disruptions.
How to read this page
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