Worth reading
51Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-36.4
% (year-on-year change in operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Results for this period
Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales15,126Millions of yenYear on year +0.4%Progress 72.5%
Operating profit2,087Millions of yenYear on year -36.4%Progress 73.4%
Ordinary income2,130Millions of yenYear on year -31.3%Progress 71.8%
Net income attributable to owners of the parent1,481Millions of yenYear on year -3.2%Progress 72.1%
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¥80.23
Financial position at period-end
Total assets30,257Millions of yen
of which net assets 24,611 Millions of yenEquity ratio 81.3%vs. prior year-end +4.2pt
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.
Segment revenueOptical Products Business 12,205.02 Thousands of yen (YoY -1.0%), Functional Products Business 2,921.41 Thousands of yen (YoY +7.1%)
Segment profitOptical Products Business 4,287.10 Thousands of yen (YoY -20.1%), Functional Products Business 320.40 Thousands of yen (YoY +65.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales20,877 Millions of yen (YoY +2.0%)
Operating profit2,842 Millions of yen (YoY -33.7%)
Ordinary income2,968 Millions of yen (YoY -30.0%)
Net income2,055 Millions of yen (YoY -9.4%)
Revision to Earnings ForecastNet Sales 20,877 Millions of yen → 20,877 Millions of yen（0.0%） / Operating profit 2,842 Millions of yen → 2,842 Millions of yen（0.0%） / Ordinary income 2,968 Millions of yen → 2,968 Millions of yen（0.0%） / Net income 2,055 Millions of yen → 2,055 Millions of yen（0.0%）
Annual Dividend Forecast40 Yen → 50 Yen（+25.0%）
Factors Behind Changes in Business Performance
In the Optical Products business, sales of some products for notebook computers and tablets declined, while in the Functional Products business, sales of specialty films for clean-energy vehicles and foaming urethane process paper to new overseas customers increased. Prices of resins, organic solvents and fuel, among other materials, also continued to rise.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 1 / Company name KEIWA Germany Gmbh / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNo applicable items for the nine months ended 30 September 2026
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 2,965 Thousands of yen / Extraordinary loss Loss on sale of non-current assets 1,682 Thousands of yen, Loss on disposal of fixed assets 7,444 Thousands of yen
Depreciation and amortization1,594,067 Thousands of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Institutional investors and analysts
Issued Shares at Period-End19,285,152 shares
Treasury Shares at Period-End993,202 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | 15,126 Millions of yen (YoY +0.4%) |
| Operating profit | 2,087 Millions of yen (YoY -36.4%) |
| Ordinary income | 2,130 Millions of yen (YoY -31.3%) |
| Profit attributable to owners of the parent | 1,481 Millions of yen (YoY -3.2%) |
| Net income per share | ¥80.23 |
| Equity ratio | End of the current fiscal period 81.3 / End of previous period 77.1 |
| Total assets | 30,257 Millions of yen |
| Net assets | 24,611 Millions of yen |
| Full-year earnings forecast | Net Sales 20,877 Millions of yen (YoY +2.0%) / Operating profit 2,842 Millions of yen (YoY -33.7%) / Ordinary income 2,968 Millions of yen (YoY -30.0%) / Net income 2,055 Millions of yen (YoY -9.4%) |
| Revision to Earnings Forecast | Net Sales 20,877 Millions of yen → 20,877 Millions of yen（0.0%） / Operating profit 2,842 Millions of yen → 2,842 Millions of yen（0.0%） / Ordinary income 2,968 Millions of yen → 2,968 Millions of yen（0.0%） / Net income 2,055 Millions of yen → 2,055 Millions of yen（0.0%） |
| Annual Dividend Forecast | 40 Yen → 50 Yen（+25.0%） |
| Segment revenue | Optical Products Business 12,205.02 Thousands of yen (YoY -1.0%), Functional Products Business 2,921.41 Thousands of yen (YoY +7.1%) |
| Segment profit | Optical Products Business 4,287.10 Thousands of yen (YoY -20.1%), Functional Products Business 320.40 Thousands of yen (YoY +65.5%) |
| Depreciation and amortization | 1,594,067 Thousands of yen |
| Impairment loss | No applicable items for the nine months ended 30 September 2026 |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 2,965 Thousands of yen / Extraordinary loss Loss on sale of non-current assets 1,682 Thousands of yen, Loss on disposal of fixed assets 7,444 Thousands of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Number of companies 1 / Company name KEIWA Germany Gmbh / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Whether applicable Available / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 19,285,152 shares |
| Treasury Shares at Period-End | 993,202 shares |
| Factors Behind Changes in Business Performance | In the Optical Products business, sales of some products for notebook computers and tablets declined, while in the Functional Products business, sales of specialty films for clean-energy vehicles and foaming urethane process paper to new overseas customers increased. Prices of resins, organic solvents and fuel, among other materials, also continued to rise. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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 Optical Products business, sales of some products for notebook computers and tablets declined, resulting in lower revenue and segment profit. In contrast, the Functional Products business achieved revenue and profit growth, supported by expanded sales of process paper to new overseas customers, among other factors. Raw material and energy prices, including those of resins, organic solvents and fuel, continued to rise.
How to read this page
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