Revised forecast
Fiscal year ending March 2027 · Six months and full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
The company expects revenue to increase due to higher sales volumes of engineering plastics and inflators for automotive airbags, among other factors. Operating income is expected to increase slightly due to lower sales prices for acetate tow and higher pulp prices, among other factors. Ordinary income is expected to decline due to lower dividend income associated with the sale of strategically held shares and lower equity in earnings of affiliates. Net income attributable to owners of the parent is expected to increase due to the absence of the impairment losses recorded in the previous fiscal year.
Impairment losses of ¥32,845 million and total extraordinary losses of ¥38,991 million. The impairment losses primarily comprised ¥30,682 million related to engineering plastics manufacturing facilities and ¥419 million related to manufacturing facilities for automotive airbag initiators, among other items.
| Item | Details |
|---|---|
| Net Sales | Not disclosed → Cumulative second-quarter results 288,000 / Full year 595,000 |
| Operating profit | Not disclosed → Cumulative second-quarter results 16,500 / Full year 42,500 |
| Ordinary income | Not disclosed → Cumulative second-quarter results 17,000 / Full year 43,000 |
| Profit attributable to owners of the parent | Not disclosed → Cumulative second-quarter results 10,000 / Full year 32,000 |
| Net income per share | Not disclosed → Cumulative second-quarter results 39.16 / Full year 125.3 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six months and full year |
| Previous-period results | Fiscal year ended March 2026 results: revenue of ¥579,629 million, operating income of ¥42,069 million, ordinary income of ¥45,130 million, net income attributable to owners of the parent of ¥10,180 million, and basic earnings per share of ¥38.75 |
| Reason for the revision | The company expects revenue to increase due to higher sales volumes of engineering plastics and inflators for automotive airbags, among other factors. Operating income is expected to increase slightly due to lower sales prices for acetate tow and higher pulp prices, among other factors. Ordinary income is expected to decline due to lower dividend income associated with the sale of strategically held shares and lower equity in earnings of affiliates. Net income attributable to owners of the parent is expected to increase due to the absence of the impairment losses recorded in the previous fiscal year. |
| Details and amount of extraordinary loss | Impairment losses of ¥32,845 million and total extraordinary losses of ¥38,991 million. The impairment losses primarily comprised ¥30,682 million related to engineering plastics manufacturing facilities and ¥419 million related to manufacturing facilities for automotive airbag initiators, among other items. |
| Dividend forecast revision | The dividend forecast for the fiscal year ending March 2027 remains undecided and is scheduled to be announced on 22 May 2026 together with the new medium-term strategy. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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, net income declined sharply due to impairment losses arising from delays in demand expansion and increased investment, among other factors. For the fiscal year ending March 2027, the company expects sales volume increases for engineering plastics and inflators for automotive airbags, while also anticipating lower sales prices for acetate tow, higher pulp prices, lower dividend income associated with the sale of strategically held shares, and lower equity in earnings of affiliates, among other factors.