Worth reading
64In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
25.3
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026–31 March 2027ConsolidatedJapanese GAAPNet Sales15,828Millions of yenYear on year +25.3%Progress 24.7%
Operating profit1,181Millions of yenYear on year +30.8%Progress 18.2%
Ordinary income1,378Millions of yenYear on year +41.7%Progress 21.5%
Net income attributable to owners of the parent911Millions of yenYear on year +25.1%
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¥27.80
Financial position at period-end
Total assets84,993Millions of yen
of which net assets 49,649 Millions of yenEquity ratio 58.4%vs. prior year-end -4.1pt
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 revenueElectronic Materials ¥10,433,917 thousand (YoY +24.6%), Industrial structural materials ¥3,534,951 thousand (YoY +33.2%), Electrical insulating materials ¥678,526 thousand (YoY +9.1%), Display materials ¥1,090,599 thousand (YoY +21.1%)
Segment profitElectronic Materials ¥1,310,365 thousand (YoY +55.6%), Industrial structural materials ¥86,728 thousand (YoY -76.2%), Electrical insulating materials ¥84,732 thousand (YoY +263.3%), Display materials ¥286,267 thousand (YoY +110.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales64,200 Millions of yen (YoY +13.7%)
Operating profit6,500 Millions of yen (YoY +12.0%)
Ordinary income6,400 Millions of yen (YoY +3.9%)
Profit attributable to owners of the parent4,500 Millions of yen (YoY -9.9%)
Revision to Earnings ForecastNot disclosed → 2Q cumulative Net Sales 32,900 Millions of yen / Operating profit 3,100 Millions of yen / Ordinary income 3,300 Millions of yen / Profit attributable to owners of the parent 2,200 Millions of yen / Full year Net Sales 64,200 Millions of yen / Operating profit 6,500 Millions of yen / Ordinary income 6,400 Millions of yen / Profit attributable to owners of the parent 4,500 Millions of yen
Annual Dividend Forecast¥122 → ¥110（-9.8%）
Factors Behind Changes in Business Performance
Increased demand for smartphones and semiconductors, including those for PCs and AI servers; strong revenue from honeycomb panels for aircraft; and higher revenue from infrastructure-related products and 3D-related materials. Profit from industrial structural materials declined due to changes in the product mix and a temporary increase in selling, general and administrative expenses.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name Arisawa Manufacturing America, Inc. / Excluded Not disclosed
Material subsequent eventsAt a meeting of the Board of Directors held on 6 August 2026, the Company resolved to make additional capital investments in a new plant in Kani, Gifu Prefecture. The investment is expected to total approximately ¥14 billion, with completion scheduled for September 2028 and operations scheduled to commence sequentially from fiscal 2028. The impact on consolidated results for the current fiscal year is minor.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥199 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,551 thousand
Depreciation and amortization¥649,462 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End33,603,924
Treasury Shares at Period-End827,768
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–31 March 2027 |
| Net Sales | 15,828 Millions of yen (YoY +25.3%) |
| Operating profit | 1,181 Millions of yen (YoY +30.8%) |
| Ordinary income | 1,378 Millions of yen (YoY +41.7%) |
| Profit attributable to owners of the parent | 911 Millions of yen (YoY +25.1%) |
| Net income per share | ¥27.80 |
| Equity ratio | End of the current fiscal period 58.4 / End of previous period 62.5 |
| Total assets | 84,993 Millions of yen |
| Net assets | 49,649 Millions of yen |
| Full-year earnings forecast | Net Sales 64,200 Millions of yen (YoY +13.7%) / Operating profit 6,500 Millions of yen (YoY +12.0%) / Ordinary income 6,400 Millions of yen (YoY +3.9%) / Profit attributable to owners of the parent 4,500 Millions of yen (YoY -9.9%) |
| Revision to Earnings Forecast | Not disclosed → 2Q cumulative Net Sales 32,900 Millions of yen / Operating profit 3,100 Millions of yen / Ordinary income 3,300 Millions of yen / Profit attributable to owners of the parent 2,200 Millions of yen / Full year Net Sales 64,200 Millions of yen / Operating profit 6,500 Millions of yen / Ordinary income 6,400 Millions of yen / Profit attributable to owners of the parent 4,500 Millions of yen |
| Annual Dividend Forecast | ¥122 → ¥110（-9.8%） |
| Segment revenue | Electronic Materials ¥10,433,917 thousand (YoY +24.6%), Industrial structural materials ¥3,534,951 thousand (YoY +33.2%), Electrical insulating materials ¥678,526 thousand (YoY +9.1%), Display materials ¥1,090,599 thousand (YoY +21.1%) |
| Segment profit | Electronic Materials ¥1,310,365 thousand (YoY +55.6%), Industrial structural materials ¥86,728 thousand (YoY -76.2%), Electrical insulating materials ¥84,732 thousand (YoY +263.3%), Display materials ¥286,267 thousand (YoY +110.9%) |
| Depreciation and amortization | ¥649,462 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥199 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,551 thousand |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name Arisawa Manufacturing America, Inc. / Excluded Not disclosed |
| Material subsequent events | At a meeting of the Board of Directors held on 6 August 2026, the Company resolved to make additional capital investments in a new plant in Kani, Gifu Prefecture. The investment is expected to total approximately ¥14 billion, with completion scheduled for September 2028 and operations scheduled to commence sequentially from fiscal 2028. The impact on consolidated results for the current fiscal year is minor. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 33,603,924 |
| Treasury Shares at Period-End | 827,768 |
| Factors Behind Changes in Business Performance | Increased demand for smartphones and semiconductors, including those for PCs and AI servers; strong revenue from honeycomb panels for aircraft; and higher revenue from infrastructure-related products and 3D-related materials. Profit from industrial structural materials declined due to changes in the product mix and a temporary increase in selling, general and administrative expenses. |
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 backlogImpairment loss
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.Demand for electronic materials for smartphones and semiconductors, including PCs and AI servers, increased, while revenue from honeycomb panels for aircraft in industrial structural materials remained strong. Profit from industrial structural materials declined due to changes in the product mix and a temporary increase in selling, general and administrative expenses. The earnings forecast was revised based on recent performance trends.
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