Worth reading
60In focus
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
575
¥100 million (year-on-year increase in core 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 Sales10,042 Hundreds of millions of yen+14.0%
Operating profit1,184 Hundreds of millions of yen+94.0%
Ordinary income1,118 Hundreds of millions of yen+123.0%
Net income¥577 100 million +194.0%profit for the quarter attributable to owners of the parent
Results for the three months of the current quarter
Revenue
10,042 Hundreds of millions of yen
Core operating profit
1,141 Hundreds of millions of yen
Operating profit
1,184 Hundreds of millions of yen
Profit before tax
1,118 Hundreds of millions of yen
Quarterly profit attributable to owners of the parent
577 Hundreds of millions of yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Progress against first-half forecast
Revenue54%
Core operating profit82%
Operating profit83%
Profit before tax87%
Quarterly profit attributable to owners of the parent98%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Price variance46 Hundreds of millions of yen
- Volume variance-12 Hundreds of millions of yen
- Cost Reduction138 Hundreds of millions of yen
- Other403 Hundreds of millions of yen
- Inventory valuation gain/loss variance485 Hundreds of millions of yen
- Equity-method investment income variance24 Hundreds of millions of yen
- Foreign Exchange Effects83 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Exchange rate¥150 /$ first-half forecast
- Naphtha price¥63,000 /kl first-half forecast
New initiatives
- Concentrate management resources on next-generation and growth-driver areas
- Thorough implementation of the 3 principles of disciplined business management
- Execute proactive growth initiatives
Key KPIsA metric the company considers important as a management benchmark.
- Specialty Materials core operating margin12 %Year on year against the same period last yearUp from 4% in the same period of the previous year
- ROIC (Specialty Materials)3.1 %
- Net debt-to-equity ratio0.83 times
Segment results
- Specialty MaterialsRevenue3,325 Hundreds of millions of yenRevenue_yoy_pct16Core operating profit383 Hundreds of millions of yenCore operating profit_yoy_pct120
- MMA & DerivativesRevenue999 Hundreds of millions of yenRevenue_yoy_pct11Core operating profit80 Hundreds of millions of yenCore operating profit_yoy_pct116
- Basic MaterialsRevenue1,850 Hundreds of millions of yenCore operating profit148 Hundreds of millions of yen
- OtherRevenue268 Hundreds of millions of yenCore operating profit-11 Hundreds of millions of yen
- Chemicals businessRevenue6,442 Hundreds of millions of yenRevenue_yoy_pct13Core operating profit600 Hundreds of millions of yenCore operating profit_yoy_pct417
- Industrial gasesRevenue3,600 Hundreds of millions of yenRevenue_yoy_pct15Core operating profit541 Hundreds of millions of yenCore operating profit_yoy_pct20
Medium-term management plan targets
Specialty Materials and other businesses
Target fiscal yearFY2029 (fiscal year ending March 2030)
Target valueSpecialty Materials revenue of ¥1,570 billion, core operating profit of ¥155 billion, core operating margin of 10%, and ROIC of 9.5%
Financial targets
ROIC
Actual resultsFY2025 3.1%
ForecastFY2026 5.4%
TargetFY2027 6.6%; FY2029 9.5% (Specialty Materials)
Net debt-to-equity ratio
Actual results0.83 times (as of the end of June 2026)
Capital expenditures
¥662 100 million first-quarter actual; capital expenditures in investing cash flow
Annual Dividend
Annual dividend amount¥32 per share
Interim¥16/share (forecast)
End of period¥16/share (forecast)
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 10,042 Hundreds of millions of yen (YoY +14.0%) |
| Operating profit | 1,184 Hundreds of millions of yen (YoY +94.0%) |
| Ordinary income | 1,118 Hundreds of millions of yen (YoY +123.0%) |
| Net income | ¥577 100 million (profit for the quarter attributable to owners of the parent) (YoY +194.0%) |
| Results for the three months of the current quarter | Revenue 10,042 Hundreds of millions of yen / Core operating profit 1,141 Hundreds of millions of yen / Operating profit 1,184 Hundreds of millions of yen / Profit before tax 1,118 Hundreds of millions of yen / Quarterly profit attributable to owners of the parent 577 Hundreds of millions of yen |
| Progress against full-year forecast | Progress against first-half forecast Revenue 54% / Core operating profit 82% / Operating profit 83% / Profit before tax 87% / Quarterly profit attributable to owners of the parent 98% |
| Segment results | Segment Specialty Materials / Revenue 3,325 Hundreds of millions of yen / Revenue_yoy_pct 16 / Core operating profit 383 Hundreds of millions of yen / Core operating profit_yoy_pct 120, Segment MMA & Derivatives / Revenue 999 Hundreds of millions of yen / Revenue_yoy_pct 11 / Core operating profit 80 Hundreds of millions of yen / Core operating profit_yoy_pct 116, Segment Basic Materials / Revenue 1,850 Hundreds of millions of yen / Core operating profit 148 Hundreds of millions of yen, Segment Other / Revenue 268 Hundreds of millions of yen / Core operating profit -11 Hundreds of millions of yen, Segment Chemicals business / Revenue 6,442 Hundreds of millions of yen / Revenue_yoy_pct 13 / Core operating profit 600 Hundreds of millions of yen / Core operating profit_yoy_pct 417, Segment Industrial gases / Revenue 3,600 Hundreds of millions of yen / Revenue_yoy_pct 15 / Core operating profit 541 Hundreds of millions of yen / Core operating profit_yoy_pct 20 |
| Breakdown of Factors Affecting the Change | Factors Price variance / Amount 46 Hundreds of millions of yen, Factors Volume variance / Amount -12 Hundreds of millions of yen, Factors Cost Reduction / Amount 138 Hundreds of millions of yen, Factors Other / Amount 403 Hundreds of millions of yen, Factors Inventory valuation gain/loss variance / Amount 485 Hundreds of millions of yen, Factors Equity-method investment income variance / Amount 24 Hundreds of millions of yen, Factors Foreign Exchange Effects / Amount 83 Hundreds of millions of yen |
| Key KPIs | Indicator name Specialty Materials core operating margin / Value 12 % / Year on year against the same period last year Up from 4% in the same period of the previous year, Indicator name ROIC (Specialty Materials) / Value 3.1 % / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.83 times / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Exchange rate / Value ¥150 /$ (first-half forecast), Item Naphtha price / Value ¥63,000 /kl (first-half forecast) |
| Medium-term management plan targets | Subject Specialty Materials and other businesses / Target fiscal year FY2029 (fiscal year ending March 2030) / Target value Specialty Materials revenue of ¥1,570 billion, core operating profit of ¥155 billion, core operating margin of 10%, and ROIC of 9.5% |
| Financial targets | ROIC Actual results FY2025 3.1% / Forecast FY2026 5.4% / Target FY2027 6.6%; FY2029 9.5% (Specialty Materials) / Net debt-to-equity ratio Actual results 0.83 times (as of the end of June 2026) / Target Not disclosed |
| Annual Dividend | Annual dividend amount ¥32 per share / Interim ¥16/share (forecast) / End of period ¥16/share (forecast) |
| Capital expenditures | ¥662 100 million (first-quarter actual; capital expenditures in investing cash flow) |
| New initiatives | Concentrate management resources on next-generation and growth-driver areas, Thorough implementation of the 3 principles of disciplined business management, Execute proactive growth initiatives |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition 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.Profit growth was driven by the effects of pricing measures in Specialty Materials, strong performance in semiconductor-related products, higher market prices for MMA monomer, inventory valuation gains resulting from higher raw material prices, and solid performance in Industrial Gases. The upward revision to the first-half forecasts reflects first-quarter results and current business conditions. The full-year forecasts were not revised because uncertainty remains regarding future raw material price trends.
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.