Komori
Earnings presentation4216ASAHI YUKIZAI CORPORATIONMaterials and Chemicals

Supplementary Financial Results Materials for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027

In the first half of fiscal 2026, revenue increased 9.8% year on year and operating profit increased 28.6%, resulting in higher revenue and profit overall. Meanwhile, the Water Treatment and Resource Development business reported lower revenue and profit, and the full-year forecasts remain unchanged from the figures announced on 28 September.

Worth reading
44Recurring
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
12
¥100 million (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales438 Hundreds of millions of yen+9.8%
Operating profit56 Hundreds of millions of yen+28.6%
Ordinary income56 Hundreds of millions of yen+26.1%
Net income39 Hundreds of millions of yen+30.7%
Operating profit margin12.8%, up 1.9 percentage points year on year
Full-year earnings forecast
Net Sales
930 Hundreds of millions of yen
Operating profit
120 Hundreds of millions of yen
Ordinary income
123 Hundreds of millions of yen
Profit attributable to owners of the parent
82 Hundreds of millions of yen
Earnings per share
436 Yen
Dividend per share
180 Yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Piping Systems business net sales
Valves, pipes, fittings and other products3
Semiconductor-related products6
Engineering Business0
Affiliates29
Piping Systems business operating profit
Sales factors4
Manufacturing factors-3
Affiliates10
Resins business net sales
Electronic Materials1
Metal and other formed products7
Foam materials and other products1
Resins business operating profit
Sales factors6
Manufacturing factors-2
Affiliates-2
Water Treatment and Resource Development business net sales
Water treatment0
Resource Development-6
Water Treatment and Resource Development business operating profit
Water treatment1
Resource Development-2
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY
155 Yen
Key KPIsA metric the company considers important as a management benchmark.
ROE
10 %
ROIC
9 %
EBITDA
159 Hundreds of millions of yen
Interim net income per share
209 Yen
Year on year against the same period last year+30.6%
Segment results
Piping Systems Business
Net Sales
280 Hundreds of millions of yen+15.2%
Operating profit
50 Hundreds of millions of yen+27.5%
Resin Business
Net Sales
124 Hundreds of millions of yen+7.0%
Operating profit
6 Hundreds of millions of yen+50.0%
Water Treatment and Resource Development Business
Net Sales
34 Hundreds of millions of yen-17.5%
Operating profit
-1 Hundreds of millions of yen
Financial targets
ROE
FY20254 %
Fiscal 202610 %
ROIC
FY20254 %
Fiscal 20269 %
Annual Dividend
180 Yen per share
Interim90
Full-year forecast90
Payout ratio
41.3 %
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales438 Hundreds of millions of yen (YoY +9.8%)
Operating profit56 Hundreds of millions of yen (YoY +28.6%)
Ordinary income56 Hundreds of millions of yen (YoY +26.1%)
Net income39 Hundreds of millions of yen (YoY +30.7%)
Operating profit margin12.8%, up 1.9 percentage points year on year
Full-year earnings forecastNet Sales 930 Hundreds of millions of yen / Operating profit 120 Hundreds of millions of yen / Ordinary income 123 Hundreds of millions of yen / Profit attributable to owners of the parent 82 Hundreds of millions of yen / Earnings per share 436 Yen / Dividend per share 180 Yen
Segment resultsPiping Systems Business Net Sales 280 Hundreds of millions of yen (YoY +15.2%) / Operating profit 50 Hundreds of millions of yen (YoY +27.5%) / Resin Business Net Sales 124 Hundreds of millions of yen (YoY +7.0%) / Operating profit 6 Hundreds of millions of yen (YoY +50.0%) / Water Treatment and Resource Development Business Net Sales 34 Hundreds of millions of yen (YoY -17.5%) / Operating profit -1 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangePiping Systems business net sales Valves, pipes, fittings and other products 3 / Semiconductor-related products 6 / Engineering Business 0 / Affiliates 29 / Piping Systems business operating profit Sales factors 4 / Manufacturing factors -3 / Affiliates 10 / Resins business net sales Electronic Materials 1 / Metal and other formed products 7 / Foam materials and other products 1 / Resins business operating profit Sales factors 6 / Manufacturing factors -2 / Affiliates -2 / Water Treatment and Resource Development business net sales Water treatment 0 / Resource Development -6 / Water Treatment and Resource Development business operating profit Water treatment 1 / Resource Development -2
Key KPIsROE 10 % / ROIC 9 % / EBITDA 159 Hundreds of millions of yen / Interim net income per share 209 Yen
Assumptions Underlying the Business OutlookUSD/JPY 155 Yen
Financial targetsROE FY2025 4 % / Fiscal 2026 10 % / ROIC FY2025 4 % / Fiscal 2026 9 %
Annual Dividend180 Yen per share
Payout ratio41.3 %
Items this document does not state (16)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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 the Piping Materials Systems business, demand expanded as customers secured inventories in light of the situation in the Middle East, memory demand increased, and demand rose alongside investment related to the U.S. electronics industry. In the Resins business, higher sales volumes, including from the acquisition of new projects, contributed to results. Meanwhile, in the Water Treatment and Resource Development business, lower revenue and profit resulted from a decline in large-scale construction projects, delays in the start of construction and delays in construction progress.

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