Worth reading
77Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
60600
Millions of yen (full-year operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationSecond quarter of the fiscal year ending December 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥139,668 million+25.1%
Operating profit¥28,854 million+45.4%
Ordinary income¥30,272 million+48.5%
Net income¥20,409 million +49.9%interim net income attributable to owners of the parent
Results for the three months of the current quarterOperating profit for the three-month period of the second quarter of FY2026 was ¥13.7 billion. Standalone three-month figures for revenue, profit and other items compared with the same period of the previous year are Not disclosed.
Full-year earnings forecast
Net Sales
¥291,000 million
Operating profit
¥60,600 million
Ordinary income
¥63,000 million
Profit attributable to owners of the parent
¥42,600 million
EBITDA
¥72,200 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results exceeded the first-half plan, and the full-year earnings forecast was revised upwardBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- First-half operating profit+¥15.3 billionFactorsChanges in sales, product mix and other factors
- First-half operating profit+¥1 billionFactorsImpact of foreign exchange movements and selling price adjustments
- First-half operating profit△¥7.3 billionFactorsHigher expenses
- Full-year operating profit forecast+¥30.0 billionFactorsChanges in sales, product mix and other factors
- Full-year operating profit forecast+¥2.0 billionFactorsProfit contribution from the recognition of inventories of development-related materials and other items
- Full-year operating profit forecast+¥2.6 billionFactorsImpact of foreign exchange movements and selling price adjustments
- Full-year operating profit forecast△¥17.3 billionFactorsHigher expenses
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Average exchange rate during FY2026 (US dollar)155 Yen/dollar
- Assumed exchange rate for the second half of FY2026 (US dollar)155 Yen/dollar
New initiatives
- Construction of a new inspection building at the Incheon plant in South Korea (investment of approximately ¥7.0 billion)
- Construction of the world's largest photoresist manufacturing building at the Koriyama plant in Japan (investment of at least approximately ¥20.0 billion)
- Construction of a new high-purity chemicals manufacturing site at the Aso plant in Japan (investment of approximately ¥13.0 billion)
- Construction of a new plant and high-purity chemicals manufacturing building at the Pyeongtaek plant in South Korea (investment of approximately ¥12.0 billion)
- Promote automation of production processes, AI and digital initiatives, and digital talent development
- Roll out employee stock ownership plans and restricted stock incentives for overseas local employees
Key KPIsA metric the company considers important as a management benchmark.
- AI server market shipments2024: 2,010; 2025: 2,700; 2026: 3,260; 2027: 4,220; 2028: 5,100; 2029: 5,800; 2030: 6,160
- WHS materials revenue growth rate700 % from 2024 to 2027
- Consolidated number of employees2,132 peopleYear on year against the same period last yearIncreased from 1,997 people in 2024
- EBITDA per employee¥26.36 millionYear on year against the same period last yearIncreased from ¥20.74 million in 2024
Segment results
- Electronics Functional MaterialsNet Sales¥74,155 millionYear-on-year (%)27.5
- High-purity chemicalsNet Sales¥63,008 millionYear-on-year (%)21.2
- OtherNet Sales¥2,504 millionYear-on-year (%)68.3
Medium-term management plan targets
- RevenueTarget value2,950Target fiscal yearFinal year of tok Medium-Term Management Plan 2027Comparison with actual resultsFY2026 forecast: ¥291.0 billion
- Operating incomeTarget value580Target fiscal yearFinal year of tok Medium-Term Management Plan 2027Comparison with actual resultsThe FY2026 forecast is ¥60.6 billion, expected to exceed the target by ¥2.6 billion
- EBITDATarget value720Target fiscal yearFinal year of tok Medium-Term Management Plan 2027Comparison with actual resultsThe FY2026 forecast is ¥72.2 billion, expected to exceed the target by ¥200 million
Financial targets
ROE
Forecast for the fiscal year ending December 202617.3 %
Initial plan14.5 %
Market Size / Share
The AI server market is forecast to expand from 2,010 thousand units in 2024 to 6,160 thousand units in 2030
Number of employees
Number of Employees2,132 people
Capital expenditures
¥35,600 millions revised FY2026 plan
Annual Dividend
Annual¥80 per share
Interim¥40 per share
End of period¥40 per share
Acquisition of treasury shares
The company plans to conduct share buybacks flexibly. Past results and disclosures include acquisition amounts of ¥9,999 million, ¥5,498 million and ¥1,501 million, but the period and number of shares for the new buyback authorization are Not disclosed.| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending December 2026 |
| Net Sales | ¥139,668 million (YoY +25.1%) |
| Operating profit | ¥28,854 million (YoY +45.4%) |
| Ordinary income | ¥30,272 million (YoY +48.5%) |
| Net income | ¥20,409 million (interim net income attributable to owners of the parent) (YoY +49.9%) |
| Results for the three months of the current quarter | Operating profit for the three-month period of the second quarter of FY2026 was ¥13.7 billion. Standalone three-month figures for revenue, profit and other items compared with the same period of the previous year are Not disclosed. |
| Full-year earnings forecast | Net Sales ¥291,000 million / Operating profit ¥60,600 million / Ordinary income ¥63,000 million / Profit attributable to owners of the parent ¥42,600 million / EBITDA ¥72,200 million |
| Self-assessment against the plan | Results exceeded the first-half plan, and the full-year earnings forecast was revised upward |
| Segment results | Segment Electronics Functional Materials / Net Sales ¥74,155 million / Year-on-year (%) 27.5, Segment High-purity chemicals / Net Sales ¥63,008 million / Year-on-year (%) 21.2, Segment Other / Net Sales ¥2,504 million / Year-on-year (%) 68.3 |
| Breakdown of Factors Affecting the Change | Subject First-half operating profit / Factors Changes in sales, product mix and other factors / Amount +¥15.3 billion, Subject First-half operating profit / Factors Impact of foreign exchange movements and selling price adjustments / Amount +¥1 billion, Subject First-half operating profit / Factors Higher expenses / Amount △¥7.3 billion, Subject Full-year operating profit forecast / Factors Changes in sales, product mix and other factors / Amount +¥30.0 billion, Subject Full-year operating profit forecast / Factors Profit contribution from the recognition of inventories of development-related materials and other items / Amount +¥2.0 billion, Subject Full-year operating profit forecast / Factors Impact of foreign exchange movements and selling price adjustments / Amount +¥2.6 billion, Subject Full-year operating profit forecast / Factors Higher expenses / Amount △¥17.3 billion |
| Key KPIs | Indicator name AI server market shipments / Value 2024: 2,010; 2025: 2,700; 2026: 3,260; 2027: 4,220; 2028: 5,100; 2029: 5,800; 2030: 6,160 / Year on year against the same period last year Not disclosed, Indicator name WHS materials revenue growth rate / Value 700 % (from 2024 to 2027) / Year on year against the same period last year Not disclosed, Indicator name Consolidated number of employees / Value 2,132 people / Year on year against the same period last year Increased from 1,997 people in 2024, Indicator name EBITDA per employee / Value ¥26.36 million / Year on year against the same period last year Increased from ¥20.74 million in 2024 |
| Number of employees | Number of Employees 2,132 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Item Average exchange rate during FY2026 (US dollar) / Value 155 Yen/dollar, Item Assumed exchange rate for the second half of FY2026 (US dollar) / Value 155 Yen/dollar |
| Medium-term management plan targets | Item Revenue / Target value 2,950 Hundreds of millions of yen / Target fiscal year Final year of tok Medium-Term Management Plan 2027 / Comparison with actual results FY2026 forecast: ¥291.0 billion, Item Operating income / Target value 580 Hundreds of millions of yen / Target fiscal year Final year of tok Medium-Term Management Plan 2027 / Comparison with actual results The FY2026 forecast is ¥60.6 billion, expected to exceed the target by ¥2.6 billion, Item EBITDA / Target value 720 Hundreds of millions of yen / Target fiscal year Final year of tok Medium-Term Management Plan 2027 / Comparison with actual results The FY2026 forecast is ¥72.2 billion, expected to exceed the target by ¥200 million |
| Financial targets | ROE Forecast for the fiscal year ending December 2026 17.3 % / Initial plan 14.5 % |
| Annual Dividend | Annual ¥80 per share / Interim ¥40 per share / End of period ¥40 per share |
| Acquisition of treasury shares | The company plans to conduct share buybacks flexibly. Past results and disclosures include acquisition amounts of ¥9,999 million, ¥5,498 million and ¥1,501 million, but the period and number of shares for the new buyback authorization are Not disclosed. |
| Capital expenditures | ¥35,600 millions (revised FY2026 plan) |
| Market Size / Share | Market Size The AI server market is forecast to expand from 2,010 thousand units in 2024 to 6,160 thousand units in 2030 / Share Not disclosed |
| New initiatives | Construction of a new inspection building at the Incheon plant in South Korea (investment of approximately ¥7.0 billion), Construction of the world's largest photoresist manufacturing building at the Koriyama plant in Japan (investment of at least approximately ¥20.0 billion), Construction of a new high-purity chemicals manufacturing site at the Aso plant in Japan (investment of approximately ¥13.0 billion), Construction of a new plant and high-purity chemicals manufacturing building at the Pyeongtaek plant in South Korea (investment of approximately ¥12.0 billion), Promote automation of production processes, AI and digital initiatives, and digital talent development, Roll out employee stock ownership plans and restricted stock incentives for overseas local employees |
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioOrders received and order backlogKey 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.The company cited expanding demand for AI servers for data centers, increased demand related to generative AI, adoption of its products, higher revenue and foreign exchange effects. For the full-year forecast, the assumed exchange rate for the second half was changed from ¥150 to ¥155 per US dollar.
How to read this page
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