Worth reading
59In focus
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
48.7
¥100 million (year-on-year increase in consolidated operating profit)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥758 100 million+19.0%
Operating profit¥91.6 100 million+113.7%
Ordinary income¥110.3 100 million+119.5%
Net income¥81.3 100 million-21.9%
Operating profit margin12.1 %
Full-year earnings forecast
Net Sales
¥1,500 100 million
Operating profit
¥150 100 million
Operating profit margin
10 %
Ordinary income
¥175 100 million
Profit attributable to owners of the parent
¥125 100 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.6
Operating profit61.1
Ordinary income63.1
Profit attributable to owners of the parent65.1
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Raw material and UT price effect¥-89.9 100 million
- Product price effect¥101.1 100 million
- Inventory impact (raw materials)¥11.5 100 million
- Foreign-exchange impact¥5.5 100 million
- Volume and product mix effect¥23.5 100 million
- Other variable costs, cost reductions, etc.¥3.9 100 million
- Fixed costs, etc.¥-6.9 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
First-half actual¥159/US$
Second-half outlook¥157/US$
Full-year forecast¥158/US$
Domestic naphtha price
First-half actual¥106,000/KL
Second-half outlook¥105,000/KL
Full-year forecast¥106,000/KL
New initiatives
- Microbial fermentation and purification facilitiesStart of operationsJanuary 2028Total investment10.6
- ICT-related product manufacturing facilities and cleanroomStart of operationsOctober 2027Total investment7.6
- Share RepurchasesLimit500,000 shares or ¥2.5 billion
- Changes in Reportable SegmentsDetailsChanged to the Core Materials, Wellness and ICT segments
Key KPIsA metric the company considers important as a management benchmark.
- ROE9.9 %Year on year against the same period last year+0.7%
- ROIC7.7 %Year on year against the same period last year-2.2%
- Overseas revenue ratio35.5 %Year on year against the same period last yearDown from 37.7% in the year-earlier period
- Overseas production ratio5.3 %Year on year against the same period last yearDown from 6.5% in the year-earlier period
Segment results
Core Materials
Net Sales
¥604 100 million+17.8%
Operating profit
¥76.3 100 million+120.3%
Wellness
Net Sales
¥84 100 million+21.9%
Operating profit
¥1.8 100 million
ICT
Net Sales
¥69 100 million+26.0%
Operating profit
¥21 100 million+29.4%
Capital expenditures
¥26 100 million
Annual Dividend
Interim¥100 /share
End of period¥25 /share
Annual— (after the stock split; before the stock split: ¥100 interim, ¥100 year-end, ¥200 annual)
Acquisition of treasury shares
Maximum Number of Shares500,000 shares
Maximum Amount25
Amount unit¥100 million
| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥758 100 million (YoY +19.0%) |
| Operating profit | ¥91.6 100 million (YoY +113.7%) |
| Ordinary income | ¥110.3 100 million (YoY +119.5%) |
| Net income | ¥81.3 100 million (YoY -21.9%) |
| Operating profit margin | 12.1 % |
| Full-year earnings forecast | Net Sales ¥1,500 100 million / Operating profit ¥150 100 million / Operating profit margin 10 % / Ordinary income ¥175 100 million / Profit attributable to owners of the parent ¥125 100 million |
| Progress against full-year forecast | Net Sales 50.6 / Operating profit 61.1 / Ordinary income 63.1 / Profit attributable to owners of the parent 65.1 |
| Segment results | Core Materials Net Sales ¥604 100 million (YoY +17.8%) / Operating profit ¥76.3 100 million (YoY +120.3%) / Wellness Net Sales ¥84 100 million (YoY +21.9%) / Operating profit ¥1.8 100 million / ICT Net Sales ¥69 100 million (YoY +26.0%) / Operating profit ¥21 100 million (YoY +29.4%) |
| Breakdown of Factors Affecting the Change | Factors Raw material and UT price effect / Amount ¥-89.9 100 million, Factors Product price effect / Amount ¥101.1 100 million, Factors Inventory impact (raw materials) / Amount ¥11.5 100 million, Factors Foreign-exchange impact / Amount ¥5.5 100 million, Factors Volume and product mix effect / Amount ¥23.5 100 million, Factors Other variable costs, cost reductions, etc. / Amount ¥3.9 100 million, Factors Fixed costs, etc. / Amount ¥-6.9 100 million |
| Key KPIs | Indicator name ROE / Value 9.9 % / Year on year against the same period last year 0.7 %, Indicator name ROIC / Value 7.7 % / Year on year against the same period last year -2.2 %, Indicator name Overseas revenue ratio / Value 35.5 % / Year on year against the same period last year Down from 37.7% in the year-earlier period, Indicator name Overseas production ratio / Value 5.3 % / Year on year against the same period last year Down from 6.5% in the year-earlier period |
| Assumptions Underlying the Business Outlook | Exchange rate First-half actual ¥159/US$ / Second-half outlook ¥157/US$ / Full-year forecast ¥158/US$ / Domestic naphtha price First-half actual ¥106,000/KL / Second-half outlook ¥105,000/KL / Full-year forecast ¥106,000/KL |
| Annual Dividend | Interim ¥100 /share / End of period ¥25 /share / Annual — (after the stock split; before the stock split: ¥100 interim, ¥100 year-end, ¥200 annual) |
| Acquisition of treasury shares | Maximum Number of Shares 500,000 shares / Maximum Amount 25 / Amount unit ¥100 million / Period Not disclosed |
| Capital expenditures | ¥26 100 million |
| New initiatives | Measures Microbial fermentation and purification facilities / Start of operations January 2028 / Total investment ¥10.6 100 million, Measures ICT-related product manufacturing facilities and cleanroom / Start of operations October 2027 / Total investment ¥7.6 100 million, Measures Share Repurchases / Limit 500,000 shares or ¥2.5 billion, Measures Changes in Reportable Segments / Details Changed to the Core Materials, Wellness and ICT segments |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioOrders 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.Revenue increased due to product price revisions in response to higher raw material prices, including surging crude oil and naphtha prices, and increased demand for high-value-added products, particularly semiconductor- and electronic component-related materials. Operating profit and ordinary profit increased due to the revenue contribution from higher sales volumes, strong demand for high-value-added products, and the impact on inventory valuation of higher raw material prices. Net income declined mainly because the tax benefit, including income taxes and deferred income taxes, recorded in the year-earlier period was no longer recognized.
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.