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
800
¥100 million (year-on-year increase in core operating profit for the fiscal year ending March 2027)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥37,040 100 million
Operating profit¥301 100 million
Net income¥784 100 million
Results for the three months of the current quarter
Revenue
¥9,667 100 million
Core operating profit
¥394 100 million
Full-year earnings forecast
Revenue
¥38,000 100 million
Core operating profit
¥3,050 100 million
Operating profit
¥3,000 100 million
Income before taxes
¥2,700 100 million
Profit for the period
¥2,000 100 million
Profit for the period attributable to owners of the parent
¥1,270 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Price variance-¥26.6 billion
- Volume variance+¥4.1 billion
- Cost Reduction+¥62.2 billion
- Other-¥43.5 billion
- Foreign Exchange Effects+¥3.5 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rate¥150.0/USD
- Naphtha price¥63,000/kL
New initiatives
- Changes to reportable segments accompanying the organizational restructuring effective 1 April 2026
- Growth investments in a precision semiconductor cleaning plant and facilities related to EUV dry resists, Soarnol and synthetic quartz
- Capacity expansion investments in chemical recycling facilities for converting waste plastics into oil and bio-based anode materials for automotive lithium-ion batteries
Key KPIsA metric the company considers important as a management benchmark.
- Net debt-to-equity ratio0.83 timesYear on year against the same period last year-0.23
- ROE0.7 %Year on year against the same period last year-1.9 percentage points
- Chemicals Business ROIC0.7 %Year on year against the same period last year-1.0 percentage points
Segment results
- Specialty MaterialsRevenue¥1,059.6 billionCore operating profit¥32.3 billionRevenue growth-1%Year-on-year change in core operating profit+35%
- Advanced Films & PolymersRevenue¥449.6 billionCore operating profit¥7.4 billion
- Advanced SolutionsRevenue¥343.5 billionCore operating profit¥22.9 billion
- Advanced Composites & ShapesRevenue¥266.5 billionCore operating profit¥2 billion
- MMA & DerivativesRevenue¥351.9 billionCore operating profit-¥1.5 billionRevenue growth-16%
- Basic Materials & PolymersRevenue¥790.7 billionCore operating profit-¥4.2 billionRevenue growth-20%
- Chemicals businessRevenue¥2,351.5 billionCore operating profit¥24.3 billionRevenue growth-11%Year-on-year change in core operating profit-43%
- Industrial gasesRevenue¥1,352.5 billionCore operating profit¥200.7 billionRevenue growth+4%Year-on-year change in core operating profit+8%
Medium-term management plan targets
TargetChemicals Business core operating profit of ¥236.0 billion, core operating margin of 8%, and asset restructuring and sales of approximately ¥400 billion
Target fiscal yearFY2029
Comparison with actual resultsApproximately ¥490 billion executed in FY2024-25
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Approximately ¥18 billion
DetailsDownside to projected core operating profit for the fiscal year ending March 2027 if the situation in the Middle East, including the de facto closure of the Strait of Hormuz, continues through the end of September
Capital expenditures
¥2,921 100 million
Annual Dividend
Annual dividend per share¥32
BreakdownInterim ¥16, year-end ¥16
Payout ratio
Targeting approximately 35%| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥37,040 100 million |
| Operating profit | ¥301 100 million |
| Net income | ¥784 100 million |
| Results for the three months of the current quarter | Revenue ¥9,667 100 million / Core operating profit ¥394 100 million |
| Full-year earnings forecast | Revenue ¥38,000 100 million / Core operating profit ¥3,050 100 million / Operating profit ¥3,000 100 million / Income before taxes ¥2,700 100 million / Profit for the period ¥2,000 100 million / Profit for the period attributable to owners of the parent ¥1,270 100 million |
| Segment results | Segment Specialty Materials / Revenue ¥1,059.6 billion / Core operating profit ¥32.3 billion / Revenue growth -1% / Year-on-year change in core operating profit +35%, Segment Advanced Films & Polymers / Revenue ¥449.6 billion / Core operating profit ¥7.4 billion / Revenue growth Not disclosed / Year-on-year change in core operating profit Not disclosed, Segment Advanced Solutions / Revenue ¥343.5 billion / Core operating profit ¥22.9 billion / Revenue growth Not disclosed / Year-on-year change in core operating profit Not disclosed, Segment Advanced Composites & Shapes / Revenue ¥266.5 billion / Core operating profit ¥2 billion / Revenue growth Not disclosed / Year-on-year change in core operating profit Not disclosed, Segment MMA & Derivatives / Revenue ¥351.9 billion / Core operating profit -¥1.5 billion / Revenue growth -16% / Year-on-year change in core operating profit Not disclosed, Segment Basic Materials & Polymers / Revenue ¥790.7 billion / Core operating profit -¥4.2 billion / Revenue growth -20% / Year-on-year change in core operating profit Not disclosed, Segment Chemicals business / Revenue ¥2,351.5 billion / Core operating profit ¥24.3 billion / Revenue growth -11% / Year-on-year change in core operating profit -43%, Segment Industrial gases / Revenue ¥1,352.5 billion / Core operating profit ¥200.7 billion / Revenue growth +4% / Year-on-year change in core operating profit +8% |
| Breakdown of Factors Affecting the Change | Factors Price variance / Amount -¥26.6 billion, Factors Volume variance / Amount +¥4.1 billion, Factors Cost Reduction / Amount +¥62.2 billion, Factors Other / Amount -¥43.5 billion, Factors Foreign Exchange Effects / Amount +¥3.5 billion |
| Key KPIs | Indicator name Net debt-to-equity ratio / Value 0.83 times / Year on year against the same period last year -0.23 times, Indicator name ROE / Value 0.7 % / Year on year against the same period last year -1.9 percentage points, Indicator name Chemicals Business ROIC / Value 0.7 % / Year on year against the same period last year -1.0 percentage points |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Value ¥150.0/USD, Item Naphtha price / Value ¥63,000/kL |
| Risk amount incorporated into the outlook | Amount Approximately ¥18 billion / Details Downside to projected core operating profit for the fiscal year ending March 2027 if the situation in the Middle East, including the de facto closure of the Strait of Hormuz, continues through the end of September |
| Medium-term management plan targets | Target Chemicals Business core operating profit of ¥236.0 billion, core operating margin of 8%, and asset restructuring and sales of approximately ¥400 billion / Target fiscal year FY2029 / Comparison with actual results Approximately ¥490 billion executed in FY2024-25 |
| Annual Dividend | Annual dividend per share ¥32 / Breakdown Interim ¥16, year-end ¥16 |
| Payout ratio | Targeting approximately 35% |
| Capital expenditures | ¥2,921 100 million |
| New initiatives | Changes to reportable segments accompanying the organizational restructuring effective 1 April 2026, Growth investments in a precision semiconductor cleaning plant and facilities related to EUV dry resists, Soarnol and synthetic quartz, Capacity expansion investments in chemical recycling facilities for converting waste plastics into oil and bio-based anode materials for automotive lithium-ion batteries |
Items this document does not state (14)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesFinancial 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.For the fiscal year ended March 2026, profit was weighed down by deteriorating MMA monomer market conditions, impairment losses on fixed assets related to Soarnol in the UK, losses from the withdrawal from the coke and carbon materials business, and special retirement payments. For the fiscal year ending March 2027, the company expects higher sales, price increases and cost reductions in Specialty Materials, a bottoming out and recovery in MMA market conditions, and continued strength in industrial gases.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.