Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 5 August 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Amid continued high raw material prices and price revisions by suppliers, the company proceeded with efforts to secure appropriate selling prices, optimise its product portfolio and shift toward high-value-added products. Sales increased across all businesses, and some demand was brought forward. For the full year, the company expects contributions to earnings from expanded sales of high-value-added products and other factors, while also anticipating the effects of rising raw material costs, the impact of changes in market conditions on selling prices and the effects of demand brought forward. The forecast was therefore revised upward.
| Item | Details |
|---|---|
| Net Sales | ¥54,300 million → ¥54,500 million（+0.4%） |
| Operating profit | ¥2,700 million → ¥3,650 million（+35.2%） |
| Ordinary income | ¥2,900 million → ¥3,850 million（+32.8%） |
| Profit attributable to owners of the parent | ¥2,650 million → ¥3,300 million（+24.5%） |
| Net income per share | 212.09 yen and sen → 268.94 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 5 August 2026 |
| Previous-period results | Revenue: ¥49,926 million; operating profit: ¥2,217 million; ordinary profit: ¥2,454 million; net income attributable to owners of the parent: ¥1,867 million; earnings per share: ¥147.44 (fiscal year ended March 2026) |
| Reason for the revision | Amid continued high raw material prices and price revisions by suppliers, the company proceeded with efforts to secure appropriate selling prices, optimise its product portfolio and shift toward high-value-added products. Sales increased across all businesses, and some demand was brought forward. For the full year, the company expects contributions to earnings from expanded sales of high-value-added products and other factors, while also anticipating the effects of rising raw material costs, the impact of changes in market conditions on selling prices and the effects of demand brought forward. The forecast was therefore revised upward. |
| Dividend forecast revision | The interim dividend was revised to ¥55 per share (previous forecast: ¥50), and the year-end dividend forecast was revised to ¥60 (previous forecast: ¥45), resulting in an annual dividend forecast of ¥115 (previous forecast: ¥95). |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 reasons cited were the company’s efforts to secure appropriate selling prices amid continued increases in raw material prices and supplier price revisions, stronger sales across all businesses, and progress in shifting toward high-value-added products and optimising the product portfolio. During the first six months, sales of functional inks and coating agents, products for medical packaging, products for mobility applications, products for functional packaging materials and materials for water treatment performed well, with some demand also brought forward. For the full year, the company expects increased sales in the second half and expanded sales of high-value-added products, while also anticipating the effects of rising raw material costs and changes in market conditions. The dividend was increased in light of the dividend policy of maintaining a payout ratio of at least 40% or DOE of at least 1.0%, as well as efforts to enhance shareholder returns and improve capital efficiency.