Worth reading
74In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
87
¥100 million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales970 Hundreds of millions of yen+3.1%
Operating profit110 Hundreds of millions of yen+378.3%
Ordinary income95 Hundreds of millions of yen+458.8%
Net income28 Hundreds of millions of yen-44.0%
Operating profit margin11.3 %
Results for the three months of the current quarter
Net Sales
970 Hundreds of millions of yen
Operating profit
110 Hundreds of millions of yen
Ordinary income
95 Hundreds of millions of yen
Net income
28 Hundreds of millions of yen
Full-year earnings forecast
Net Sales
4,500 Hundreds of millions of yen
Operating profit
300 Hundreds of millions of yen
Ordinary income
200 Hundreds of millions of yen
Net income
160 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Volume variance2 Hundreds of millions of yen
- Selling price variance75 Hundreds of millions of yen
- Variable cost variance-20 Hundreds of millions of yen
- Inventory impact60 Hundreds of millions of yen
- Fixed-cost variance-16 Hundreds of millions of yen
- Effect of suspending DPE operations30 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
Current first-half forecast160.4 Yen/Dollar
Domestic naphtha
Current first-half forecast¥99,300 /K liter
Assumptions and risksThe outlook for the situation in the Middle East and raw material and fuel prices remains uncertain. The inventory impact may turn negative.
New initiatives
- Launch low-dielectric-constant resin filler for high-speed communication substrates
- Conduct a final review of capacity expansion for hard-grade Snecton products
- Invest in a new acetylene black production facility in Thailand
Segment results
- Electronics & Advanced ProductsNet Sales264 Hundreds of millions of yenYear-on-year change in revenue28Operating profit37 Hundreds of millions of yenYear-on-year operating profit growth12
- Life InnovationNet Sales70 Hundreds of millions of yenYear-on-year change in revenue4Operating profit2 Hundreds of millions of yenYear-on-year operating profit growth0
- Elastomers & Infrastructure SolutionsNet Sales237 Hundreds of millions of yenYear-on-year change in revenue-21Operating profit27 Hundreds of millions of yenYear-on-year operating profit growth41
- Polymer SolutionsNet Sales361 Hundreds of millions of yenYear-on-year change in revenue23Operating profit36 Hundreds of millions of yenYear-on-year operating profit growth32
- Other/eliminationsNet Sales39 Hundreds of millions of yenYear-on-year change in revenue-4Operating profit7 Hundreds of millions of yenYear-on-year operating profit growth1
Financial targets
Net debt-to-equity ratio
0.69 times
ROIC
4.5 %
ROE
5.1 %
DOE
2.7 %
Number of employees
DPE employeesApproximately 140 people as of the end of December 2025; approximately 80 people as of the end of July 2026
Change during the periodDecrease of approximately 60 people, with further workforce optimization planned
Capital expenditures
¥470 100 million full-year forecast; capital expenditures and investments and loans
Annual Dividend
¥100 per share
Interim50
End of period50
Payout ratio
54 %
Total payout ratio
54 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 970 Hundreds of millions of yen (YoY +3.1%) |
| Operating profit | 110 Hundreds of millions of yen (YoY +378.3%) |
| Ordinary income | 95 Hundreds of millions of yen (YoY +458.8%) |
| Net income | 28 Hundreds of millions of yen (YoY -44.0%) |
| Operating profit margin | 11.3 % |
| Results for the three months of the current quarter | Net Sales 970 Hundreds of millions of yen / Operating profit 110 Hundreds of millions of yen / Ordinary income 95 Hundreds of millions of yen / Net income 28 Hundreds of millions of yen |
| Full-year earnings forecast | Net Sales 4,500 Hundreds of millions of yen / Operating profit 300 Hundreds of millions of yen / Ordinary income 200 Hundreds of millions of yen / Net income 160 Hundreds of millions of yen |
| Segment results | Segment Electronics & Advanced Products / Net Sales 264 Hundreds of millions of yen / Year-on-year change in revenue 28 / Operating profit 37 Hundreds of millions of yen / Year-on-year operating profit growth 12, Segment Life Innovation / Net Sales 70 Hundreds of millions of yen / Year-on-year change in revenue 4 / Operating profit 2 Hundreds of millions of yen / Year-on-year operating profit growth 0, Segment Elastomers & Infrastructure Solutions / Net Sales 237 Hundreds of millions of yen / Year-on-year change in revenue -21 / Operating profit 27 Hundreds of millions of yen / Year-on-year operating profit growth 41, Segment Polymer Solutions / Net Sales 361 Hundreds of millions of yen / Year-on-year change in revenue 23 / Operating profit 36 Hundreds of millions of yen / Year-on-year operating profit growth 32, Segment Other/eliminations / Net Sales 39 Hundreds of millions of yen / Year-on-year change in revenue -4 / Operating profit 7 Hundreds of millions of yen / Year-on-year operating profit growth 1 |
| Breakdown of Factors Affecting the Change | Factors Volume variance / Amount 2 Hundreds of millions of yen, Factors Selling price variance / Amount 75 Hundreds of millions of yen, Factors Variable cost variance / Amount -20 Hundreds of millions of yen, Factors Inventory impact / Amount 60 Hundreds of millions of yen, Factors Fixed-cost variance / Amount -16 Hundreds of millions of yen, Factors Effect of suspending DPE operations / Amount 30 Hundreds of millions of yen |
| Number of employees | DPE employees Approximately 140 people as of the end of December 2025; approximately 80 people as of the end of July 2026 / Change during the period Decrease of approximately 60 people, with further workforce optimization planned |
| Assumptions Underlying the Business Outlook | Exchange rate Current first-half forecast 160.4 Yen/Dollar / Domestic naphtha Current first-half forecast ¥99,300 /K liter / Assumptions and risks The outlook for the situation in the Middle East and raw material and fuel prices remains uncertain. The inventory impact may turn negative. |
| Financial targets | Net debt-to-equity ratio 0.69 times / ROIC 4.5 % / ROE 5.1 % / DOE 2.7 % |
| Annual Dividend | ¥100 per share |
| Payout ratio | 54 % |
| Capital expenditures | ¥470 100 million (full-year forecast; capital expenditures and investments and loans) |
| New initiatives | Launch low-dielectric-constant resin filler for high-speed communication substrates, Conduct a final review of capacity expansion for hard-grade Snecton products, Invest in a new acetylene black production facility in Thailand |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition 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.Operating income increased due to growing demand for products related to AI and power infrastructure, the ¥3 billion effect of suspending DPE operations, the ¥6 billion inventory impact, and other factors. Net income declined because the ¥8.2 billion gain on the sale of the Ofuna plant site recorded in the previous year was absent, while extraordinary losses, including DPE-related losses, increased.
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.