Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
251
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending December 2026: third quarter10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,171 100 million+13.1%
Operating profit¥134 100 million+12.9%
Ordinary income¥147 100 million+12.3%
Net income¥98 100 million+1.1%
Operating profit margin
Rate6.2
Year-on-year change (points)0.0 percentage points
Results for the three months of the current quarter
Net Sales
¥751 100 million
Operating profit
¥44 100 million
Segment resultsDisclosed
Full-year earnings forecast
Net Sales
¥2,865 100 million
Operating profit
¥170 100 million
Ordinary income
¥178 100 million
Net income
¥118 100 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 Sales75.7 %
Operating profit79 %
Ordinary income82.7 %
Net income83.8 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Although performance varied by segment, the company expects to achieve its full-year forecast overall.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Ink prices79
Ink volume37
Functional Materials21
Equipment3
Other0
Foreign-currency translation112
Adjustments-1
Operating profit
Ink prices79.6
Ink volume24
Equipment0.1
Functional Materials-2.9
Costs-44.8
Raw Materials-45.1
Other-1
Foreign-currency translation7
Adjustments-1.5
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Period-average exchange rate_US dollar155 Yen
New initiatives
- Transition to a holding company structure under INX Holdings effective 1 January 2027
- Launch of joint research with NDFEB Co. to establish next-generation manufacturing processes for neodymium magnets
- Expand new markets and new applications for inkjet inks and display materials in the functional materials business
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Ink prices
Change in amount¥79 100 million
Ink volume
Change in amount¥37 100 million
Segment results
Printing Inks and Equipment (Japan)
Net Sales408
Operating profit37
Year-on-Year Change in Revenue (%)9.7
Operating profit year-on-year_pct311.6
Printing Inks (Asia)
Net Sales465
Operating profit48
Year-on-Year Change in Revenue (%)12.2
Operating profit year-on-year_pct-4.5
Printing Inks (Americas)
Net Sales866
Operating profit30
Year-on-Year Change in Revenue (%)13.4
Operating profit year-on-year_pct-30.1
Printing Inks (Europe)
Net Sales195
Operating profit9
Year-on-Year Change in Revenue (%)22.2
Operating profit year-on-year_pct416
Functional Materials
Net Sales229
Operating profit17
Year-on-Year Change in Revenue (%)14.6
Operating profit year-on-year_pct-9.7
Financial targets
The company has set out targets to improve the profitability of ROE and ROIC, but quantitative targets are Not disclosed.Annual Dividend
Annual¥100 /share
Interim¥50 /share
End of period¥50 /share
Payout ratio
41.3 %
Total payout ratio50% or more
Acquisition of treasury shares
Amount executed¥10 100 million
TimingMarch 2026
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending December 2026: third quarter |
| Net Sales | ¥2,171 100 million (YoY +13.1%) |
| Operating profit | ¥134 100 million (YoY +12.9%) |
| Ordinary income | ¥147 100 million (YoY +12.3%) |
| Net income | ¥98 100 million (YoY +1.1%) |
| Operating profit margin | Rate 6.2 / Year-on-year change (points) 0.0 percentage points |
| Results for the three months of the current quarter | Net Sales ¥751 100 million / Operating profit ¥44 100 million / Segment results Disclosed |
| Full-year earnings forecast | Net Sales ¥2,865 100 million / Operating profit ¥170 100 million / Ordinary income ¥178 100 million / Net income ¥118 100 million |
| Progress against full-year forecast | Net Sales 75.7 % / Operating profit 79 % / Ordinary income 82.7 % / Net income 83.8 % |
| Self-assessment against the plan | Although performance varied by segment, the company expects to achieve its full-year forecast overall. |
| Segment results | Printing Inks and Equipment (Japan) Net Sales 408 / Operating profit 37 / Year-on-Year Change in Revenue (%) 9.7 / Operating profit year-on-year_pct 311.6 / Printing Inks (Asia) Net Sales 465 / Operating profit 48 / Year-on-Year Change in Revenue (%) 12.2 / Operating profit year-on-year_pct -4.5 / Printing Inks (Americas) Net Sales 866 / Operating profit 30 / Year-on-Year Change in Revenue (%) 13.4 / Operating profit year-on-year_pct -30.1 / Printing Inks (Europe) Net Sales 195 / Operating profit 9 / Year-on-Year Change in Revenue (%) 22.2 / Operating profit year-on-year_pct 416 / Functional Materials Net Sales 229 / Operating profit 17 / Year-on-Year Change in Revenue (%) 14.6 / Operating profit year-on-year_pct -9.7 |
| Breakdown of Factors Affecting the Change | Net Sales Ink prices 79 / Ink volume 37 / Functional Materials 21 / Equipment 3 / Other 0 / Foreign-currency translation 112 / Adjustments -1 / Operating profit Ink prices 79.6 / Ink volume 24 / Equipment 0.1 / Functional Materials -2.9 / Costs -44.8 / Raw Materials -45.1 / Other -1 / Foreign-currency translation 7 / Adjustments -1.5 |
| Unit price and quantity metrics | Ink prices Change in amount ¥79 100 million / Ink volume Change in amount ¥37 100 million |
| Assumptions Underlying the Business Outlook | Period-average exchange rate_US dollar 155 Yen |
| Financial targets | The company has set out targets to improve the profitability of ROE and ROIC, but quantitative targets are Not disclosed. |
| Annual Dividend | Annual ¥100 /share / Interim ¥50 /share / End of period ¥50 /share |
| Payout ratio | 41.3 % |
| Acquisition of treasury shares | Amount executed ¥10 100 million / Timing March 2026 / Buyback limit Not disclosed |
| New initiatives | Transition to a holding company structure under INX Holdings effective 1 January 2027, Launch of joint research with NDFEB Co. to establish next-generation manufacturing processes for neodymium magnets, Expand new markets and new applications for inkjet inks and display materials in the functional materials business |
Items this document does not state (11)
Gross Profit MarginSelling, general and administrative expensesKey KPIsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders 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.The increase in revenue and profit was attributable to higher sales volumes in the Americas, Europe, and India and Vietnam in Asia, as well as efforts to improve profitability with a focus on capital efficiency in Japan and Europe. For operating profit, higher ink volumes and ink unit prices were positive factors, while increased costs for raw materials and other items weighed on profit.
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.