Worth reading
63In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
24.1
％Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales411,966¥ millionYear on year -2.1%Progress 101.7%
Operating profit36,377¥ millionYear on year +24.1%Progress 95.7%
Ordinary income40,038¥ millionYear on year +21.1%Progress 108.2%
Net income attributable to owners of the parent36,226¥ millionYear on year +38.3%Progress 100.6%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥186.67
Operating Margin8.8%
Financial position at period-end
Total assets548,246¥ million
of which net assets 378,252 ¥ millionEquity ratio 68.9%vs. prior year-end +2.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+76,436
Investment-42,439
Financials-34,920
Net change-923
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥28,437 million
Segment revenue
Elastomer Materials Business223,68053.9%-5.4%
High-performance materials business124,21729.9%+2.1%
Other Businesses67,35616.2%-0.4%
Segment profit
Elastomer Materials Business11,66530.4%+734.0%
High-performance materials business22,42158.4%+4,861.0%
Other Businesses4,29011.2%+425.0%
Regional sales
Japan146,20135.5%
China78,73719.1%
United States39,2579.5%
Europe50,39112.2%
Asia86,63321.0%
Other10,7472.6%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥405,000 million (YoY -1.7%)
Operating profit¥38,000 million (YoY +4.5%)
Ordinary income¥37,000 million (YoY -7.6%)
Net income¥36,000 million (YoY -0.6%)
Annual Dividend Forecast¥70 → ¥79（+12.9%）
Payout ratio42.6%
Factors Behind Changes in Business Performance
Sluggish demand in overseas markets, lower selling prices, easing supply and demand, inventory adjustments by certain customers and intensifying competition contributed to the decline in sales. Meanwhile, cost reductions through the ZΣ Movement, lower raw material prices, reductions in selling, general and administrative expenses, lower inventory-related costs, and increased demand for AI-related investments and ESS batteries supported profit growth.
Disclosure regarding the going concern assumption
None (the notes on going concern state that there are no applicable matters)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 Yes修正再表示 No
Changes in the scope of consolidationNew 1 / Name of newly added company ZEON KOREA Co.,LTD. / Excluded 0 / Excluded Company Name Not disclosed
Material subsequent eventsOn 11 May 2026, the Company entered into an agreement to transfer all shares of 株式会社トウペ to NATOCO CO.,LTD. for the purpose of transferring the coatings business, and decided to implement a company split under which the acrylic rubber business will be transferred to a newly established wholly owned subsidiary. The share transfer is scheduled for 2 November 2026, and the consolidated loss on sale is expected to be approximately ¥1.9 billion.
Impairment loss¥4,796 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥706 million, Item Gain on sale of investment securities / Amount ¥17,310 million, Item Other / Amount ¥14 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥1,095 million, Item Impairment Losses / Amount ¥4,796 million, Item Impairment Loss on Investment Securities / Amount ¥2,288 million, Item Other / Amount ¥582 million
Depreciation and amortization¥17,230 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End209,251,256
Treasury Shares at Period-End17,905,749
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥411,966 million (YoY -2.1%) |
| Operating profit | ¥36,377 million (YoY +24.1%) |
| Ordinary income | ¥40,038 million (YoY +21.1%) |
| Profit attributable to owners of the parent | ¥36,226 million (YoY +38.3%) |
| Net income per share | ¥186.67 |
| Operating Margin | 8.8% |
| Equity ratio | End of the current fiscal period 68.9% / End of previous period 66.9% |
| Total assets | ¥548,246 million |
| Net assets | ¥378,252 million |
| Cash flows from operating activities | ¥76,436 million |
| Cash flows from investing activities | ¥-42,439 million |
| Cash flows from financing activities | ¥-34,920 million |
| Cash and cash equivalents at end of period | ¥28,437 million |
| Full-year earnings forecast | Net Sales ¥405,000 million (YoY -1.7%) / Operating profit ¥38,000 million (YoY +4.5%) / Ordinary income ¥37,000 million (YoY -7.6%) / Net income ¥36,000 million (YoY -0.6%) |
| Annual Dividend Forecast | ¥70 → ¥79（+12.9%） |
| Payout ratio | 42.6% |
| Segment revenue | Segment Elastomer Materials Business / Net Sales ¥223,680 million / Year on year against the same period last year ¥-5.4 million, Segment High-performance materials business / Net Sales ¥124,217 million / Year on year against the same period last year ¥2.1 million, Segment Other Businesses / Net Sales ¥67,356 million / Year on year against the same period last year ¥-0.4 million |
| Segment profit | Segment Elastomer Materials Business / Segment profit ¥11,665 million / Year on year against the same period last year Increase in profit (¥734 million increase year on year), Segment High-performance materials business / Segment profit ¥22,421 million / Year on year against the same period last year Increase in profit (¥4,861 million increase year on year), Segment Other Businesses / Segment profit ¥4,290 million / Year on year against the same period last year Increase in profit (¥425 million increase year on year) |
| Regional sales | Region Japan / Net Sales ¥146,201 million, Region China / Net Sales ¥78,737 million, Region United States / Net Sales ¥39,257 million, Region Europe / Net Sales ¥50,391 million, Region Asia / Net Sales ¥86,633 million, Region Other / Net Sales ¥10,747 million |
| Depreciation and amortization | ¥17,230 million |
| Impairment loss | ¥4,796 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of non-current assets / Amount ¥706 million, Item Gain on sale of investment securities / Amount ¥17,310 million, Item Other / Amount ¥14 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥1,095 million, Item Impairment Losses / Amount ¥4,796 million, Item Impairment Loss on Investment Securities / Amount ¥2,288 million, Item Other / Amount ¥582 million |
| Disclosure regarding the going concern assumption | None (the notes on going concern state that there are no applicable matters) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New 1 / Name of newly added company ZEON KOREA Co.,LTD. / Excluded 0 / Excluded Company Name Not disclosed |
| Material subsequent events | On 11 May 2026, the Company entered into an agreement to transfer all shares of 株式会社トウペ to NATOCO CO.,LTD. for the purpose of transferring the coatings business, and decided to implement a company split under which the acrylic rubber business will be transferred to a newly established wholly owned subsidiary. The share transfer is scheduled for 2 November 2026, and the consolidated loss on sale is expected to be approximately ¥1.9 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 209,251,256 |
| Treasury Shares at Period-End | 17,905,749 |
| Factors Behind Changes in Business Performance | Sluggish demand in overseas markets, lower selling prices, easing supply and demand, inventory adjustments by certain customers and intensifying competition contributed to the decline in sales. Meanwhile, cost reductions through the ZΣ Movement, lower raw material prices, reductions in selling, general and administrative expenses, lower inventory-related costs, and increased demand for AI-related investments and ESS batteries supported profit growth. |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog
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.In addition to focusing on thorough cost reductions through the “ZΣ Movement” and production innovation activities, the elastomer materials business emphasized profitability and the global expansion of production and sales, while the high-performance materials business worked to develop high-value-added new products and expand its operations.
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