Worth reading
60In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
6.6
Revenue year-on-year change (%)Wording
Definitive
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales43,000million yenYear on year +6.6%
Operating profit3,489million yenYear on year +6.3%
Ordinary income3,572million yenYear on year +9.3%
Net income attributable to owners of the parent2,522million yenYear on year -13.8%
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.
Financial position at period-end
Total assets117,644million yen
of which net assets 78,580 million yenEquity ratio 65.7%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 revenueElectronic Materials 6,377 million yen (YoY +9.1%), Cosmetic materials 1,047 million yen (YoY +50.7%), Organic chemicals 4,002 million yen (YoY +4.9%), Hygiene Materials 3,127 million yen (YoY +21.7%), Contract manufacturing 3,646 million yen (YoY +10.8%), Titanium Oxide and Zinc Products 3,639 million yen (YoY -29.2%), Resin additives 6,217 million yen (YoY +6.8%), Catalysts 1,579 million yen (YoY +29.4%), Inorganic Materials 2,911 million yen (YoY +10.6%), Healthcare Business 4,352 million yen (YoY -0.1%)
Segment profitElectronic Materials 1,141 million yen (YoY +12.5%), Cosmetic materials -244 million yen, Organic chemicals 525 million yen (YoY +4.7%), Hygiene Materials 260 million yen (YoY +43.9%), Contract manufacturing 548 million yen (YoY +55.8%), Titanium Oxide and Zinc Products 335 million yen (YoY -49.0%), Resin additives 699 million yen (YoY +34.5%), Catalysts 185 million yen (YoY +23.5%), Inorganic Materials 511 million yen (YoY +4.0%), Healthcare Business 15 million yen (YoY -79.0%)
Factors Behind Changes in Business Performance
While uncertainty over the outlook for the Chinese economy and the impact of ending the pigment-grade titanium dioxide business weighed on results, the Electronic Materials, contract processing and Other businesses, supported by demand for AI servers, performed well. By segment, factors cited as contributing to higher profit included increased sales volumes, a recovery in contract processing volumes, price revisions, cost-cutting measures and a favorable change in the sales mix.
Disclosure regarding the going concern assumption
Not applicable.
Impairment loss387 million yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 1,172 million yen / Extraordinary loss Loss on Retirement of Fixed Assets 128 million yen, Impairment Losses 387 million yen, Loss on valuation of investment securities 6 million yen, Structural Reform Costs 427 million yen, Other 0 million yen
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 43,000 million yen (YoY +6.6%) |
| Operating profit | 3,489 million yen (YoY +6.3%) |
| Ordinary income | 3,572 million yen (YoY +9.3%) |
| Profit attributable to owners of the parent | 2,522 million yen (YoY -13.8%) |
| Equity ratio | End of the current fiscal period 65.7 / End of previous period 66.3 |
| Total assets | 117,644 million yen |
| Net assets | 78,580 million yen |
| Segment revenue | Electronic Materials 6,377 million yen (YoY +9.1%), Cosmetic materials 1,047 million yen (YoY +50.7%), Organic chemicals 4,002 million yen (YoY +4.9%), Hygiene Materials 3,127 million yen (YoY +21.7%), Contract manufacturing 3,646 million yen (YoY +10.8%), Titanium Oxide and Zinc Products 3,639 million yen (YoY -29.2%), Resin additives 6,217 million yen (YoY +6.8%), Catalysts 1,579 million yen (YoY +29.4%), Inorganic Materials 2,911 million yen (YoY +10.6%), Healthcare Business 4,352 million yen (YoY -0.1%) |
| Segment profit | Electronic Materials 1,141 million yen (YoY +12.5%), Cosmetic materials -244 million yen, Organic chemicals 525 million yen (YoY +4.7%), Hygiene Materials 260 million yen (YoY +43.9%), Contract manufacturing 548 million yen (YoY +55.8%), Titanium Oxide and Zinc Products 335 million yen (YoY -49.0%), Resin additives 699 million yen (YoY +34.5%), Catalysts 185 million yen (YoY +23.5%), Inorganic Materials 511 million yen (YoY +4.0%), Healthcare Business 15 million yen (YoY -79.0%) |
| Impairment loss | 387 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 1,172 million yen / Extraordinary loss Loss on Retirement of Fixed Assets 128 million yen, Impairment Losses 387 million yen, Loss on valuation of investment securities 6 million yen, Structural Reform Costs 427 million yen, Other 0 million yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Factors Behind Changes in Business Performance | While uncertainty over the outlook for the Chinese economy and the impact of ending the pigment-grade titanium dioxide business weighed on results, the Electronic Materials, contract processing and Other businesses, supported by demand for AI servers, performed well. By segment, factors cited as contributing to higher profit included increased sales volumes, a recovery in contract processing volumes, price revisions, cost-cutting measures and a favorable change in the sales mix. |
Items this document does not state (21)
Net income per shareOperating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodFull-year earnings forecastRevision to Earnings ForecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationChange in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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.While uncertainty over the outlook for the Chinese economy and the impact of ending the pigment-grade titanium dioxide business weighed on results, the Electronic Materials business, supported by strong demand for AI servers, and contract processing performed well. The body of the summary does not explain the decline in interim net income attributable to owners of the parent. The full-year forecast was reviewed in light of earnings trends and the operating environment.
How to read this page
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