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Soken Chemical & Engineering (4972) · TargetCoexistence of improved equity ratio and a shortfall against targets for earnings indicatorsLatest Revisions to earnings forecasts (2026-10-28): "Advanced"

Improving Profitability and Strengthening the Financial Position

First written in FY2016. 19 of 39 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-10-28.

39entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q2 – FY2019-Q1WorsenedFY2019-Q2 – FY2020OtherFY2022-Q3 – FY2024-Q1AdvancedFY2024-Q2 – FY20252016: 220162017: 420172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 320242025: 220252026: 42026
Same theme, other companies
Stable earnings power and improvements in financial positionA theme 59 companies write about · 0 as a headwind · 60 as a tailwind

15 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 59 companies compared. The sentences above are computed from all 59.
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  2. FY2026Coexistence of improved equity ratio and a shortfall against targets for earnings indicatorsAnnual report

    「As a result, the equity ratio increased 0.5 percentage points from 70.2% at the end of the previous fiscal year to 70.7%.」

    Although the equity ratio rose to 70.7%, operating profit, ordinary profit and net income declined from the previous fiscal year, indicating that improvements in earnings power and the financial position were moving in different directions.
  3. 2026-05-29RaisedManagement Plan

    「ROE 10.2％ 11.5％ ＋1.3pt」

    資本効率について、2025年度実績ROE10.2％に対し、2028年度目標を11.5％と設定している。
  4. FY2026-H1Coexistence of an improved financial position and deteriorating earnings powerAnnual report

    「As a result, the equity ratio increased 1.3 percentage points from 70.2% at the end of the previous fiscal year to 71.5%.」

    The equity ratio rose 1.3 percentage points from the end of the previous fiscal year to 71.5%, indicating an improved financial position, while operating profit fell 21.7% year on year and ordinary profit fell 20.7%, showing that earnings power also deteriorated.
  5. FY2025AdvancedAnnual report

    「Medium-term management plan, fiscal year ending March 2026 numerical targets: consolidated revenue, ¥50.0 billion; ¥47.6 billion. Consolidated operating profit, ¥4.5 billion; ¥6.3 billion. Operating margin, 9.0%; 13.3%. ROA, 9% or higher; 12.1%. ROE, 10% or higher; 12.4%.」

    Against the final-year targets of Advance 2025, ROA was 12.1% and ROE was 12.4%, with earnings power and capital efficiency exceeding target levels.
  6. FY2025-H1AdvancedAnnual report

    「As a result, the equity ratio increased 1.4 percentage points from 64.7% at the end of the previous fiscal year to 66.1%.」

    The equity ratio rose 1.4 percentage points from the end of the previous fiscal year to 66.1%, indicating further improvement in the financial position. Operating profit for the interim period also rose 127.0% year on year.
  7. FY2024AdvancedAnnual report

    「As a result, the equity ratio increased 1.3 percentage points from 63.4% at the end of the previous fiscal year to 64.7%.」

    The equity ratio rose 1.3 percentage points from the end of the previous fiscal year to 64.7%, indicating an improved financial position alongside improved earnings.
  8. FY2024-Q3AdvancedAnnual report

    「As a result, the equity ratio increased 1.9 percentage points from 63.4% at the end of the previous fiscal year to 65.3%.」

    The equity ratio rose 1.9 percentage points from the end of the previous fiscal year to 65.3%. Operating profit also rose 112.4% year on year, simultaneously indicating improvements in the financial position and earnings power.
  9. FY2024-Q2AdvancedAnnual report

    「As a result, the equity ratio increased 0.6 percentage points from 63.4% at the end of the previous fiscal year to 64.0%.」

    The equity ratio rose 0.6 percentage points from the end of the previous fiscal year to 64.0%. Operating profit also rose 53.7% year on year, simultaneously indicating improvements in the financial position and earnings power.
  10. FY2024-Q1Coexistence of an improved financial position and deteriorating earnings powerAnnual report

    「Operating profit was ¥650 million, down 17.8% year on year, while ordinary profit fell 35.9% to ¥695 million due in part to lower foreign exchange gains, and quarterly net income attributable to owners of the parent fell 34.4% to ¥548 million.」

    Although quarterly operating profit, ordinary profit and quarterly net income attributable to owners of the parent declined, the equity ratio rose 0.9 percentage points from 63.4% at the end of the previous fiscal year to 64.3%, indicating coexistence of an improved financial position and deteriorating earnings power.
  11. FY2023Coexistence of an improved financial position with lower earnings power and capital efficiencyAnnual report

    「ROA, 8% or higher; 4.7%. ROE, 9% or higher; 4.9%.」

    Although the equity ratio rose from 62.2% at the end of the previous fiscal year to 63.4%, ROA was 4.7% and ROE was 4.9%, below the previous targets of 8% or higher and 9% or higher. An improved financial position coexisted with lower earnings power and capital efficiency.
  12. FY2023-Q3Coexistence of improved financial position and deteriorating earnings powerAnnual report

    「Although the company advanced price pass-through and cost-reduction measures in response to higher raw material prices, it was unable to offset the profit decline accompanying lower chemical sales volume. Operating income fell to ¥1,475 million, down 20.4% year on year, ordinary income fell to ¥1,657 million, down 22.3%, and net income attributable to owners of the parent fell to ¥1,142 million, down 32.2%.」

    Even with progress on passing through price increases and reducing costs, the Company could not absorb the profit pressure from lower sales volumes, and earnings power deteriorated. Meanwhile, the equity ratio rose from 62.2% at the end of the previous fiscal year to 64.9%, indicating coexistence of an improved financial position and deteriorating earnings power.
  13. FY2023-Q2Coexistence of revenue growth and improved financial position with deteriorating earnings powerAnnual report

    「The lag in passing through higher raw material prices continued, and factory utilization fell in the second quarter due to customer production adjustments. As a result, operating income fell to ¥1,087 million, down 18.7% year on year, while ordinary income fell 2.0% to ¥1,452 million due in part to foreign exchange gains, and net income attributable to owners of the parent fell 8.4% to ¥1,080 million.」

    Although revenue rose 9.6% year on year, operating profit fell 18.7% and ordinary profit fell 2.0%. The equity ratio rose 3.2 percentage points from 62.2% at the end of the previous fiscal year to 65.4%, indicating coexistence of an improved financial position and pressure on earnings power.
  14. FY2023-Q1Coexistence of revenue growth and improved financial position with profit pressure from higher raw material pricesAnnual report

    「Although higher sales had a positive effect on profit, the lag in passing through higher raw material prices continued. Operating income rose only 1.4% year on year to ¥791 million, while ordinary income rose 21.8% to ¥1,084 million due in part to foreign exchange gains, and net income attributable to owners of the parent rose 21.6% to ¥836 million.」

    Although revenue, ordinary profit and quarterly net income exceeded the levels of the same period of the previous year, improvement in operating profit was limited by surging raw material prices and delays in passing these increases through to prices. The equity ratio rose 1.5 percentage points from 62.2% at the end of the previous fiscal year to 63.7%.
  15. FY2022Coexistence of revenue target achievement and shortfalls in profit and capital efficiencyAnnual report

    「Medium-term management plan, fiscal year ending March 2023 numerical targets: consolidated revenue, ¥37.0 billion; ¥38.6 billion. Consolidated operating profit, ¥3.5 billion; ¥2.2 billion. Operating margin, 9.5%; 5.8%. ROA, 8% or higher; 6.4%. ROE, 9% or higher; 7.6%.」

    Although revenue exceeded the medium-term plan target of ¥37.0 billion, operating profit was ¥2.2 billion, or 63.7% of the ¥3.5 billion target, while ROA was 6.4% and ROE was 7.6%, below their respective targets.
  16. FY2022-Q3Coexistence of improved financial position and deteriorating earnings powerAnnual report

    「As a result, the equity ratio increased 1.9 percentage points from 63.3% at the end of the previous fiscal year to 65.2%.」

    The equity ratio rose 1.9 percentage points from the end of the previous fiscal year, indicating an improved financial position, while operating profit fell 24.1% year on year due to surging raw material prices, showing that earnings power also deteriorated.
  17. FY2022-Q2WorsenedAnnual report

    「Although higher sales had a positive effect on profit, the impact of surging raw material prices caused by rising crude oil prices and tight supply and demand was significant. Despite efforts to pass costs on to customers and reduce costs, operating income fell to ¥1,337 million, down 6.5% year on year, ordinary income fell to ¥1,481 million, down 0.1%, and net income attributable to owners of the parent fell to ¥1,179 million, down 1.1%.」

    Although revenue increased, operating profit fell 6.5% year on year and ordinary profit fell 0.1% due to surging raw material prices. The impact of higher costs is again reflected in performance, running counter to the goal of improving earnings power.
  18. FY2022-Q1AdvancedAnnual report

    「Revenue was ¥871.8 million, up 28.3% year on year, operating profit was ¥780 million, up 25.7%, ordinary profit was ¥890 million, up 39.8%, and quarterly net income attributable to owners of the parent was ¥687 million, up 35.2%.」

    Revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent all exceeded the levels of the same period of the previous year, with quarterly results demonstrating improved earnings power.
  19. FY2021AdvancedAnnual report

    「Medium-term management plan, numerical targets for the fiscal year ending March 2023: consolidated operating profit of ¥3.5 billion (operating margin of 9.5%), ROA of 8% or higher, and ROE of 9% or higher. For the current consolidated fiscal year: consolidated operating profit of ¥3.3 billion (operating margin of 10.8%), ROA of 9.4%, and ROE of 11.2%.」

    Against the target for the final year of the medium-term plan, ROA was 9.4% and ROE was 11.2%, with both indicators exceeding target levels. Operating profit also recovered to ¥3.3 billion.
  20. FY2021-Q3AdvancedAnnual report

    「On the earnings side, in addition to the effect of higher Chemicals revenue, temporary factors boosting profit, including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the decline in crude oil prices, resulted in ordinary profit of ¥2,457 million, up 60.8% year on year, and quarterly net income attributable to owners of the parent of ¥2,052 million, up 58.0%.」

    Due to higher Chemicals revenue and lower activity expenses and raw material costs, ordinary profit rose 60.8% year on year and quarterly net income attributable to owners of the parent rose 58.0%. However, the Company explained that temporary factors boosting profit were also included.
  21. FY2021-Q2AdvancedAnnual report

    「On the earnings side, in addition to temporary factors boosting profit, including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the decline in crude oil prices, improved plant utilisation as the Chinese market recovered resulted in ordinary profit of ¥1,482 million, up 68.8% year on year, and quarterly net income attributable to owners of the parent of ¥1,192 million, up 68.4%.」

    Ordinary profit rose 68.8% year on year and quarterly net income attributable to owners of the parent rose 68.4%. However, the Company explained that lower activity expenses and raw material costs were temporary factors boosting profit.
  22. FY2021-Q1AdvancedAnnual report

    「On the earnings side, ordinary profit was ¥636 million, up 103.3% year on year, and quarterly net income attributable to owners of the parent was ¥508 million, up 101.2%, due to temporary factors boosting profit, including lower activity expenses resulting from measures to prevent the spread of COVID-19 and lower raw material costs following the sharp decline in crude oil prices.」

    Ordinary profit rose 103.3% year on year and quarterly net income attributable to owners of the parent rose 101.2%, indicating an improvement in earnings power on a quarterly basis. However, the Company explained that lower activity expenses and raw material costs were temporary factors boosting profit.
  23. FY2020WorsenedAnnual report

    「The numerical targets for the fiscal year were revenue of ¥32.5 billion and operating profit of ¥2.7 billion, while the management targets were ROA of 8% or higher and ROE of 9% or higher. …Revenue was ¥28.699 billion, operating profit was ¥2.034 billion, ROA was 5.2% and ROE was 7.1%.」

    Against the medium-term plan targets of ROA of 8% or higher and ROE of 9% or higher, actual ROA was 5.2% and ROE was 7.1%, falling short of the targets for earnings power and capital efficiency.
  24. FY2020-Q3WorsenedAnnual report

    「Although the company worked to reduce raw material costs and expenses, ordinary income fell to ¥1,528 million, down 8.7% year on year, due to the impact of lower profit from reduced sales volume and the recording of foreign exchange losses resulting from the weaker renminbi.」

    Despite efforts to reduce costs, lower sales volumes and foreign exchange losses caused ordinary profit to fall below the level of the same period of the previous year, with the deterioration in earnings power continuing.
  25. FY2020-Q2WorsenedAnnual report

    「Although the company worked to reduce raw material prices and expenses, it was unable to offset the profit decline caused by lower sales. In addition, it recorded foreign exchange losses due to the weaker renminbi, resulting in ordinary income of ¥878 million, down 17.7% year on year, and net income attributable to owners of the parent of ¥708 million, down 12.7%.」

    Despite efforts to reduce raw material prices and expenses, lower sales and foreign exchange losses associated with the weaker renminbi caused ordinary profit and quarterly net income attributable to owners of the parent to fall below the levels of the same period of the previous year.
  26. FY2020-Q1WorsenedAnnual report

    「On the earnings side, higher expenses aimed at expanding future business areas and the recognition of foreign exchange losses associated with the weaker renminbi resulted in ordinary profit of ¥313 million, down 44.5% year on year, and quarterly net income attributable to owners of the parent of ¥252 million, down 42.5%.」

    Higher expenses aimed at expanding business areas and foreign exchange losses associated with the weaker renminbi caused first-quarter ordinary profit and quarterly net income attributable to owners of the parent to fall below the levels of the same period of the previous year.
  27. FY2019WorsenedAnnual report

    「As for management indicators, ROA for the current fiscal year was 5.5%, down 2.0 percentage points from the previous fiscal year, and ROE was 6.5%, down 2.7 percentage points. The Company will continue working to maintain and improve capital efficiency.」

    ROA was 5.5% and ROE was 6.5%, both down from the previous fiscal year. Performance deteriorated relative to the targets for improving earnings power and capital efficiency.
  28. FY2019-Q3WorsenedAnnual report

    「For the first nine months of the current consolidated fiscal year, revenue was ¥2,395.6 million, up 9.0% year on year, due to increased sales of Chemicals, particularly adhesive-related products, mainly in the Chinese market, and higher completed construction revenue from equipment systems. However, significantly affected by higher raw material prices, ordinary profit was ¥1,673 million, down 25.9% year on year, and quarterly net income attributable to owners of the parent was ¥1,283 million, down 28.1%.」

    Although revenue increased, ordinary profit fell 25.9% year on year and quarterly net income attributable to owners of the parent fell 28.1% due to higher raw material prices, further demonstrating a deterioration rather than an improvement in earnings power.
  29. FY2019-Q2WorsenedAnnual report

    「Significantly affected by higher raw material prices, ordinary profit was ¥1,067 million, down 12.4% year on year, and quarterly net income attributable to owners of the parent was ¥811 million, down 13.3%.」

    Although revenue increased, ordinary profit and quarterly net income attributable to owners of the parent fell below the levels of the same period of the previous year due to higher raw material prices, indicating a deterioration rather than an improvement in earnings power.
  30. FY2019-Q1AdvancedAnnual report

    「Significantly affected by higher raw material prices, ordinary profit was ¥564 million, up 2.7% year on year, and quarterly net income attributable to owners of the parent was ¥439 million, up 4.6%.」

    Despite the impact of higher raw material prices, ordinary profit rose 2.7% year on year and quarterly net income attributable to owners of the parent rose 4.6%.
  31. FY2018AdvancedAnnual report

    「The Company's management targets are a return on assets (ROA) of 8% or higher and a return on equity (ROE) of 9% or higher. ROA for the current consolidated fiscal year was 7.5% and ROE was 9.2%. The Company will continue working to maintain and improve capital efficiency.」

    In terms of earnings power and capital efficiency, ROE exceeded the 9% target at 9.2%, while ROA was 7.5%. Maintaining and improving capital efficiency remains an ongoing priority.
  32. FY2018-Q3AdvancedAnnual report

    「Although the company was affected by higher raw material prices, ordinary income rose to ¥2,259 million, up 61.4% year on year, and net income attributable to owners of the parent rose to ¥1,785 million, up 73.1%, due to the benefits of increased production, ongoing cost-reduction efforts, and lower foreign exchange losses, among other factors.」

    Against a backdrop of the effects of increased production, cost reductions and lower foreign exchange losses, ordinary profit rose 61.4% year on year and quarterly net income attributable to owners of the parent rose 73.1%.
  33. FY2018-Q2AdvancedAnnual report

    「Ordinary profit was ¥1,217 million, up 59.7% year on year, and quarterly net income attributable to owners of the parent was ¥936 million, up 76.8%.」

    Ordinary profit and quarterly net income attributable to owners of the parent for the first six months of the current consolidated fiscal year exceeded the levels of the same period of the previous year, quantitatively demonstrating improved earnings power.
  34. FY2018-Q1AdvancedAnnual report

    「Although profits were affected by higher raw-material prices, the effects of increased production and ongoing cost-reduction efforts lifted ordinary profit 54.6% year on year to ¥550 million, while profit attributable to owners of the parent rose 77.6% to ¥420 million.」

    Against a backdrop of the effects of increased production and efforts to reduce costs, ordinary profit and quarterly net income attributable to owners of the parent exceeded the levels of the same period of the previous year.
  35. FY2017AdvancedAnnual report

    「On the earnings side, ordinary profit was affected by a decline due to the stronger yen, but lower depreciation, rationalisation of the production and supply structure, and efforts to reduce costs resulted in ordinary profit of ¥1,907 million, up 89.3% from the previous consolidated fiscal year, and net income attributable to owners of the parent of ¥1,342 million, up 153.5%.」

    Against a backdrop of rationalisation and cost reductions, ordinary profit rose 89.3% year on year and net income attributable to owners of the parent rose 153.5%.
  36. FY2017-Q3AdvancedAnnual report

    「Although the company recorded foreign exchange losses due to the stronger yen, ordinary income rose to ¥1,399 million, up 62.4% year on year, and net income attributable to owners of the parent rose to ¥1,031 million, up 91.1%, due to lower depreciation expenses, streamlining of the production and supply structure, and cost-reduction efforts.」

    Against a backdrop of rationalisation of the production and supply structure and cost reductions, ordinary profit and quarterly net income attributable to owners of the parent exceeded the levels of the same period of the previous year.
  37. FY2017-Q2AdvancedAnnual report

    「Ordinary profit was ¥762 million, up 81.2% year on year, and quarterly net income attributable to owners of the parent was ¥529 million, up 121.8%.」

    The year-on-year increases in ordinary profit and quarterly net income attributable to owners of the parent are quantified as evidence of improved earnings power.
  38. FY2016First statedAnnual report

    「While maintaining and strengthening the Company's competitiveness and seeking to improve earnings power and strengthen its financial position」

    this is presented as an integrated policy alongside shareholder returns, capital investment and research and development investment.
Moved together

"Expanding Market Share and Applications in the FPD Sector" moved the same way as this thread, in the same document, in 20 of its 39 moves.

201817171513★123456
  1. ★This thread
  2. 1Expanding Market Share and Applications in the FPD Sector20×
  3. 2Demand, Competitive and Pricing Risks in LCD-Related Applications18×
  4. 3Impact of China's economic slowdown on demand and sales17×
  5. 4Ongoing Cost and Manufacturing Cost Reductions17×
  6. 5Full-Scale Operation of New Plant in China and Increased Production Capacity at Existing Plant15×
  7. 6Expansion of Sales and Earnings in Asia and Creation of Next-Generation Products and Services13×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Soken Chemical & Engineering yet. It last moved in the Revisions to earnings forecasts of 2026-10-28: "Advanced".
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Improving Profitability and Strengthening the Financial Position | Soken Chemical & Engineering Co.,Ltd. (4972) | Komori