Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Net sales increased on continued solid demand in the Display business. Operating income decreased due to higher costs related to the conversion to all-electric melting equipment and scheduled repairs, as well as increased start-up costs for glass manufacturing equipment for the medical business at a Malaysian subsidiary. Ordinary income increased due to foreign exchange gains arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries, among other factors. Interim net income attributable to owners of the parent decreased due to business structure improvement expenses related to the suspension and transfer of production activities at a U.S. subsidiary in connection with structural reforms in the Composite Materials business, among other factors.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥156,406 million (YoY +1.7%) |
| Operating profit | ¥11,373 million (YoY -31.8%) |
| Ordinary income | ¥16,290 million (YoY +14.7%) |
| Profit attributable to owners of the parent | ¥6,414 million (YoY -36.4%) |
| Net income per share | ¥86.34 |
| Equity ratio | End of the current fiscal period 73.6 / End of previous period 70.2 |
| Total assets | ¥674,490 million |
| Net assets | ¥499,959 million |
| Cash flows from operating activities | ¥24,127 million |
| Cash flows from investing activities | ¥-9,605 million |
| Cash flows from financing activities | ¥-36,081 million |
| Cash and cash equivalents at end of period | ¥100,255 million |
| Full-year earnings forecast | Net Sales ¥300,000 million (YoY -3.7%) / Operating profit ¥20,000 million (YoY -41.4%) / Ordinary income ¥25,000 million (YoY -33.8%) / Profit attributable to owners of the parent ¥15,000 million (YoY -49.4%) |
| Revision to Earnings Forecast | Net Sales ¥3,200 hundred million → ¥3,000 hundred million（-6.0%） / Operating profit ¥330 hundred million → ¥200 hundred million（-39.0%） / Ordinary income ¥330 hundred million → ¥250 hundred million（-24.0%） / Profit attributable to owners of the parent ¥230 hundred million → ¥150 hundred million（-35.0%） |
| Annual Dividend Forecast | 150 yen and sen → 160 yen and sen |
| Segment revenue | Segment Electronics and information / Current fiscal year ¥88.7 billion / Prior-year period ¥83.6 billion / Year on year against the same period last year 6, Segment Functional Materials / Current fiscal year ¥67.6 billion / Prior-year period ¥70.1 billion / Year on year against the same period last year -3 |
| Depreciation and amortization | ¥13,538 million |
| Impairment loss | ¥11,498 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥4,933 million, Gain on sale of non-current assets ¥1,878 million, Other ¥2,221 million / Extraordinary loss Business structure improvement expenses ¥12,968 million, Other ¥1,205 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Material changes No / New Not disclosed / Excluded Not disclosed / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 89,523,246 |
| Treasury Shares at Period-End | 15,839,576 |
| Factors Behind Changes in Business Performance | Net sales increased on continued solid demand in the Display business. Operating income decreased due to higher costs related to the conversion to all-electric melting equipment and scheduled repairs, as well as increased start-up costs for glass manufacturing equipment for the medical business at a Malaysian subsidiary. Ordinary income increased due to foreign exchange gains arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries, among other factors. Interim net income attributable to owners of the parent decreased due to business structure improvement expenses related to the suspension and transfer of production activities at a U.S. subsidiary in connection with structural reforms in the Composite Materials business, among other factors. |
Items this document does not state (7)
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.During the interim period, net sales increased on continued solid demand in the Display business, while operating income decreased due to higher costs for the conversion of the Display business to all-electric melting equipment and scheduled repairs, as well as increased start-up costs for glass manufacturing equipment for the medical business at a Malaysian subsidiary. Ordinary income increased due to foreign exchange gains arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries, among other factors. However, interim net income attributable to owners of the parent decreased due to business structure improvement expenses related to the suspension and transfer of production activities at a U.S. subsidiary in connection with structural reforms in the Composite Materials business, among other factors. The reasons given for revising the full-year forecasts included the slowdown in the Chinese economy, heightened tensions in the Middle East, higher raw material and fuel prices due to the weaker yen, increased scheduled repair costs in the Display business, and costs associated with structural reforms in the Composite Materials business.