Revised forecast
Fiscal year ending December 2026 · Six months and full yearPrevious forecast published 6 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
For the interim period, ordinary income exceeded the forecast due to foreign exchange gains and other factors arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries, while interim net income fell short due to the recognition of ¥12.6 billion in business restructuring expenses as an extraordinary loss and other factors. For the full year, the Company expects to incur expenses associated with restructuring at the U.S. subsidiary of the composite materials business, weaker demand in the display business, higher raw material and fuel prices, increased scheduled maintenance costs, and the suspension of production activities at a U.S. subsidiary.
Business restructuring expenses: ¥12.6 billion. These expenses primarily relate to the suspension of production activities at the Shelby plant and the transfer of the Lexington plant of Electric Glass Fiber America, LLC.
| Item | Details |
|---|---|
| Net Sales | Interim period: 150,000 / Full year: 320,000 → Interim actual: 156,406 / Revised full-year forecast: 300,000（Interim period: 4.3% / Full year: -6.3%） |
| Operating profit | Interim period: 11,000 / Full year: 33,000 → Interim actual: 11,373 / Revised full-year forecast: 20,000（Interim period: 3.4% / Full year: -39.4%） |
| Ordinary income | Interim period: 11,000 / Full year: 33,000 → Interim actual: 16,290 / Revised full-year forecast: 25,000（Interim period: 48.1% / Full year: -24.2%） |
| Profit attributable to owners of the parent | Interim period: 8,000 / Full year: 23,000 → Interim actual: 6,414 / Revised full-year forecast: 15,000（Interim period: -19.8% / Full year: -34.8%） |
| Net income per share | Interim period: 106.34 / Full year: 305.74 → Interim actual: 86.34 / Revised full-year forecast: 201.90（Interim period: - / Full year: -） |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Six months and full year |
| Publication date of previous forecast | 6 February 2026 |
| Previous-period results | Interim period: revenue ¥153,788 million, operating income ¥16,668 million, ordinary income ¥14,201 million, interim net income attributable to owners of the parent ¥10,093 million, and interim net income per share ¥127.51. Full year: revenue ¥311,402 million, operating income ¥34,131 million, ordinary income ¥37,740 million, net income attributable to owners of the parent ¥29,616 million, and net income per share ¥382.33. |
| Reason for the revision | For the interim period, ordinary income exceeded the forecast due to foreign exchange gains and other factors arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries, while interim net income fell short due to the recognition of ¥12.6 billion in business restructuring expenses as an extraordinary loss and other factors. For the full year, the Company expects to incur expenses associated with restructuring at the U.S. subsidiary of the composite materials business, weaker demand in the display business, higher raw material and fuel prices, increased scheduled maintenance costs, and the suspension of production activities at a U.S. subsidiary. |
| Details and amount of extraordinary loss | Business restructuring expenses: ¥12.6 billion. These expenses primarily relate to the suspension of production activities at the Shelby plant and the transfer of the Lexington plant of Electric Glass Fiber America, LLC. |
| Dividend forecast revision | The annual dividend forecast remains unchanged at ¥160 per share. |
| Consolidated / non-consolidated | Consolidated |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For the interim period, ordinary income exceeded the forecast, primarily due to foreign exchange gains arising from the revaluation of receivables and payables related to borrowings by overseas subsidiaries. However, interim net income fell short of the forecast because ¥12.6 billion in business restructuring expenses was recognized as an extraordinary loss. For the full year, the Company expects lower revenue due to restructuring at the U.S. subsidiary of the composite materials business and weaker demand in the display business, higher raw material and fuel prices due to the situation in the Middle East and the weaker yen, higher scheduled maintenance costs in the display business, and expenses associated with the suspension of production activities at a U.S. subsidiary.