Worth reading
68In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
767
¥100 million (year-on-year increase in core operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) 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 Sales¥20,371 hundred million+13.0%
Operating profit¥1,997 hundred million+131.0%
Ordinary income¥1,824 100 million +165.0%profit before tax
Net income¥902 100 million -18.0%interim profit attributable to owners of the parent
Results for the three months of the current quarter
Revenue
¥10,329 hundred million
Core operating profit
¥887 hundred million
Operating profit
¥813 hundred million
Pretax profit
¥706 hundred million
Profit for the period attributable to owners of the parent
¥325 hundred million
Full-year earnings forecast
Revenue
¥40,600 hundred million
Core operating profit
¥3,400 hundred million
Operating profit
¥3,280 hundred million
Pretax profit
¥2,960 hundred million
Profit for the period
¥2,220 hundred million
Profit for the period attributable to owners of the parent
¥1,450 hundred million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Company-wide core operating profit
Price variance¥265 hundred million
Volume variance¥-10 hundred million
Cost Reduction¥281 hundred million
Other¥231 hundred million
Other
Inventory valuation gain/loss variance¥504 hundred million
Equity-method investment income variance¥26 hundred million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
First-half results160 Yen/Dollar
Second-half forecast155 Yen/Dollar
Full-year forecast157.5 Yen/Dollar
Naphtha price
First-half results¥108,300 /kl
Second-half forecast¥100,000 /kl
Full-year forecast¥104,100 /kl
New initiatives
- Construction and expansion of semiconductor precision-cleaning plants (Fukushima and Iwate)
- Construction of a new production facility for EUV dry-resist precursors (United States)
- Construction of a new manufacturing facility for the EUV-resist polymer “Lithomax™” (Fukuoka)
- Capacity expansion at a plant producing high-performance engineering plastics for semiconductor manufacturing equipment (Thailand)
- Construction of a new chemical-recycling facility (Ibaraki)
Segment results
Specialty Materials
Revenue
¥6,535 hundred million+13.0%
Core operating profit
¥704 hundred million+77.0%
MMA & Derivatives
Revenue
¥2,002 hundred million+15.0%
Core operating profit
¥90 hundred million+143.0%
Basic Materials
Revenue
¥3,883 hundred million+17.0%
Core operating profit
¥141 hundred million
Chemicals business
Revenue
¥13,039 hundred million+13.0%
Core operating profit
¥951 hundred million+187.0%
Industrial gases
Revenue
¥7,332 hundred million+13.0%
Core operating profit
¥1,077 hundred million+16.0%
Medium-term management plan targets
Specialty Materials
Core operating profit for the fiscal year ending March 2028¥1,090 hundred million
Core operating profit for the fiscal year ending March 2029¥1,290 hundred million
Core operating profit for the fiscal year ending March 2030¥1,550 hundred million
Number of employees
56,588 people at the end of the first half of the fiscal year ending March 2027, company-wide
Capital expenditures
¥1,556 100 million first-half actual
Annual Dividend
¥32 per share
Interim16
End of period16
Payout ratio
35 % target under Medium-Term Management Plan 2029
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥20,371 hundred million (YoY +13.0%) |
| Operating profit | ¥1,997 hundred million (YoY +131.0%) |
| Ordinary income | ¥1,824 100 million (profit before tax) (YoY +165.0%) |
| Net income | ¥902 100 million (interim profit attributable to owners of the parent) (YoY -18.0%) |
| Results for the three months of the current quarter | Revenue ¥10,329 hundred million / Core operating profit ¥887 hundred million / Operating profit ¥813 hundred million / Pretax profit ¥706 hundred million / Profit for the period attributable to owners of the parent ¥325 hundred million |
| Full-year earnings forecast | Revenue ¥40,600 hundred million / Core operating profit ¥3,400 hundred million / Operating profit ¥3,280 hundred million / Pretax profit ¥2,960 hundred million / Profit for the period ¥2,220 hundred million / Profit for the period attributable to owners of the parent ¥1,450 hundred million |
| Segment results | Specialty Materials Revenue ¥6,535 hundred million (YoY +13.0%) / Core operating profit ¥704 hundred million (YoY +77.0%) / MMA & Derivatives Revenue ¥2,002 hundred million (YoY +15.0%) / Core operating profit ¥90 hundred million (YoY +143.0%) / Basic Materials Revenue ¥3,883 hundred million (YoY +17.0%) / Core operating profit ¥141 hundred million / Chemicals business Revenue ¥13,039 hundred million (YoY +13.0%) / Core operating profit ¥951 hundred million (YoY +187.0%) / Industrial gases Revenue ¥7,332 hundred million (YoY +13.0%) / Core operating profit ¥1,077 hundred million (YoY +16.0%) |
| Breakdown of Factors Affecting the Change | Company-wide core operating profit Price variance ¥265 hundred million / Volume variance ¥-10 hundred million / Cost Reduction ¥281 hundred million / Other ¥231 hundred million / Other Inventory valuation gain/loss variance ¥504 hundred million / Equity-method investment income variance ¥26 hundred million |
| Number of employees | 56,588 people (at the end of the first half of the fiscal year ending March 2027, company-wide) |
| Assumptions Underlying the Business Outlook | Exchange rate First-half results 160 Yen/Dollar / Second-half forecast 155 Yen/Dollar / Full-year forecast 157.5 Yen/Dollar / Naphtha price First-half results ¥108,300 /kl / Second-half forecast ¥100,000 /kl / Full-year forecast ¥104,100 /kl |
| Medium-term management plan targets | Specialty Materials Core operating profit for the fiscal year ending March 2028 ¥1,090 hundred million / Core operating profit for the fiscal year ending March 2029 ¥1,290 hundred million / Core operating profit for the fiscal year ending March 2030 ¥1,550 hundred million |
| Annual Dividend | ¥32 per share |
| Payout ratio | 35 % (target under Medium-Term Management Plan 2029) |
| Capital expenditures | ¥1,556 100 million (first-half actual) |
| New initiatives | Construction and expansion of semiconductor precision-cleaning plants (Fukushima and Iwate), Construction of a new production facility for EUV dry-resist precursors (United States), Construction of a new manufacturing facility for the EUV-resist polymer “Lithomax™” (Fukuoka), Capacity expansion at a plant producing high-performance engineering plastics for semiconductor manufacturing equipment (Thailand), Construction of a new chemical-recycling facility (Ibaraki) |
Items this document does not state (14)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planKey KPIsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial 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.Higher volumes, mainly of semiconductor-related products, cost reductions including the workforce optimization measures implemented in the previous fiscal year, improved inventory valuation gains and losses as naphtha prices rose, and solid performance in industrial gases contributed to the increase in core operating profit. The decline in interim profit attributable to owners of the parent was due to the反動 from the gain on the transfer of the former Mitsubishi Tanabe Pharma recorded in the interim period of the previous year. The upward revision to the full-year forecasts was attributed to factors including the expected strong performance of semiconductor-related products.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.