Worth reading
59In 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
-14.4
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales2,573,969¥ millionYear on year +0.5%
Operating profit635,204¥ millionYear on year -14.4%
Ordinary income708,281¥ millionYear on year -13.7%
Net income attributable to owners of the parent474,459¥ millionYear on year -11.2%
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.
Net income per share¥252.69
Operating Margin24.7％
Financial position at period-end
Total assets5,661,907¥ million
of which net assets 4,643,307 ¥ millionEquity ratio 78.7%vs. prior year-end -3.9pt
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+712,651
Investment-544,806
Financials-504,835
Net change-336,990
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¥562,089 million
Segment revenueElectronic Materials Business 10,157 Hundreds of millions of yen (YoY +9.0%), Living Environment Infrastructure Materials business 9,813 Hundreds of millions of yen (YoY -6.0%), Functional materials business 4,408 Hundreds of millions of yen (YoY -2.0%), Processing, Trading and Technical Services business 1,359 Hundreds of millions of yen (YoY -1.0%)
Segment profitElectronic Materials Business 3,445 Hundreds of millions of yen (YoY +6.0%), Living Environment Infrastructure Materials business 1,648 Hundreds of millions of yen (YoY -43.0%), Functional materials business 1,009 Hundreds of millions of yen (YoY +1.0%), Processing, Trading and Technical Services business 273 Hundreds of millions of yen (YoY -5.0%)
Regional sales5,499 Hundreds of millions of yen, 7,050 Hundreds of millions of yen, 9,019 Hundreds of millions of yen, 2,469 Hundreds of millions of yen, 2,410 Hundreds of millions of yen, 1,759 Hundreds of millions of yen, 20,240 Hundreds of millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net SalesTo be determined
Operating profitTo be determined
Ordinary incomeTo be determined
Net incomeTo be determined
Annual Dividend Forecast¥106 per share → ¥106 per share（0.0%）
Payout ratio41.9％
Shareholder Return PolicyThe company aims for a stable dividend, using a payout ratio of around 40% as a medium- to long-term benchmark.
Factors Behind Changes in Business Performance
Changes in the external environment included slower global economic growth, China's excess exports and the war between the United States and Israel and Iran. In the semiconductor market, sales increased by capturing AI-related demand, while market conditions for vinyl chloride softened and weak prices continued in overseas markets such as Asia. The company pursued price increases in response to higher raw material and energy prices resulting from the situation in the Middle East.
Disclosure regarding the going concern assumption
No applicable matters.
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 material changes. The number and names of companies newly included in or excluded from consolidation are Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥17 million in the consolidated statement of cash flows. The assets subject to impairment were not disclosed; the extraordinary loss section of the consolidated income statement shows "—".
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥10,572 million / Extraordinary loss Business restructuring expenses ¥10,365 million
Depreciation and amortization¥242,973 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End1,984,995,865
Treasury Shares at Period-End128,283,489
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥2,573,969 million (YoY +0.5%) |
| Operating profit | ¥635,204 million (YoY -14.4%) |
| Ordinary income | ¥708,281 million (YoY -13.7%) |
| Profit attributable to owners of the parent | ¥474,459 million (YoY -11.2%) |
| Net income per share | ¥252.69 |
| Operating Margin | 24.7％ |
| Equity ratio | End of the current fiscal period 78.7％ / End of previous period 82.6％ |
| Total assets | ¥5,661,907 million |
| Net assets | ¥4,643,307 million |
| Cash flows from operating activities | ¥712,651 million |
| Cash flows from investing activities | ¥-544,806 million |
| Cash flows from financing activities | ¥-504,835 million |
| Cash and cash equivalents at end of period | ¥562,089 million |
| Full-year earnings forecast | Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income To be determined |
| Annual Dividend Forecast | ¥106 per share → ¥106 per share（0.0%） |
| Payout ratio | 41.9％ |
| Shareholder Return Policy | The company aims for a stable dividend, using a payout ratio of around 40% as a medium- to long-term benchmark. |
| Segment revenue | Electronic Materials Business 10,157 Hundreds of millions of yen (YoY +9.0%), Living Environment Infrastructure Materials business 9,813 Hundreds of millions of yen (YoY -6.0%), Functional materials business 4,408 Hundreds of millions of yen (YoY -2.0%), Processing, Trading and Technical Services business 1,359 Hundreds of millions of yen (YoY -1.0%) |
| Segment profit | Electronic Materials Business 3,445 Hundreds of millions of yen (YoY +6.0%), Living Environment Infrastructure Materials business 1,648 Hundreds of millions of yen (YoY -43.0%), Functional materials business 1,009 Hundreds of millions of yen (YoY +1.0%), Processing, Trading and Technical Services business 273 Hundreds of millions of yen (YoY -5.0%) |
| Regional sales | 5,499 Hundreds of millions of yen, 7,050 Hundreds of millions of yen, 9,019 Hundreds of millions of yen, 2,469 Hundreds of millions of yen, 2,410 Hundreds of millions of yen, 1,759 Hundreds of millions of yen, 20,240 Hundreds of millions of yen |
| Depreciation and amortization | ¥242,973 million |
| Impairment loss | ¥17 million in the consolidated statement of cash flows. The assets subject to impairment were not disclosed; the extraordinary loss section of the consolidated income statement shows "—". |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥10,572 million / Extraordinary loss Business restructuring expenses ¥10,365 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 material changes. The number and names of companies newly included in or excluded from consolidation are Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 1,984,995,865 |
| Treasury Shares at Period-End | 128,283,489 |
| Factors Behind Changes in Business Performance | Changes in the external environment included slower global economic growth, China's excess exports and the war between the United States and Israel and Iran. In the semiconductor market, sales increased by capturing AI-related demand, while market conditions for vinyl chloride softened and weak prices continued in overseas markets such as Asia. The company pursued price increases in response to higher raw material and energy prices resulting from the situation in the Middle East. |
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.The global economy fluctuated amid US policy, China's excess exports and the situation in the Middle East, while market conditions for products such as vinyl chloride remained weak and raw material and energy prices increased. At the same time, the company expanded sales of semiconductor materials by capturing AI-related demand and advanced communication with customers, stable supply and agile sales activities.
How to read this page
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