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Financial results presentation5232Sumitomo Osaka Cement Co.,Ltd.Construction and Materials

Financial Results Briefing Materials for Q1 of Fiscal 2026 (Fiscal Year Ending March 2027)

In the first quarter, consolidated net sales and operating profit increased, primarily due to the effect of higher cement selling prices. Meanwhile, high-performance products reported lower profit despite higher sales volumes, as relocation costs, depreciation and development expenses increased.

Worth reading
80Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
17.2
¥100 million (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ended March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥561 100 million+8.8%
Operating profit¥34.6 100 million+99.1%
Ordinary income¥35.9 100 million+87.0%
Net income¥22 100 million+48.3%
Operating profit margin6.2 %
Results for the three months of the current quarter
Net Sales
¥561 100 million
Operating profit
¥34.6 100 million
Ordinary income
¥35.9 100 million
Quarterly net income
¥22 100 million
Full-year earnings forecast
Net Sales
¥2,345 100 million
Operating profit
¥150 100 million
Ordinary income
¥145 100 million
Net income for the current fiscal year
¥100 100 million
Cement operating profit
¥50 100 million
High-performance products operating profit
¥42 100 million
ROE
5 %
ROIC
3.5 %
Total payout ratio
38 %
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
First-half net sales
50.5 %
First-half operating profit
77 %
Cement net sales
51.6 %
Mineral products net sales
48.7 %
Building materials revenue
43.7 %
High-performance products net sales
52 %
Total sales
50.5 %
Cement operating profit
314.8 %
Mineral products operating profit
50.6 %
High-performance products operating profit
49.4 %
Total operating profit
77 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress broadly in line with plan
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Cement operating profit
Sales and production volumes-1
Selling Prices22
Coal and oil prices2
Electricity and raw material prices-5
Recycling and rationalization4
Foreign Exchange-2
Other-1
High-performance products operating profit
Electrostatic chuck volume changes and product mix2
Depreciation (new manufacturing building, etc.)-1
Optics Business-4
Other (development expenses, etc.)1
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange
¥155 /US$
Coal (CIF)
140 US$/t
Oil
100 US$/bbl
New initiatives
  • The new electrostatic chuck manufacturing building was completed on 9 July 2026, and shipments began
  • Published SOCN2050 Version 2.0, a medium- to long-term vision for achieving carbon neutrality
  • Plans a 3-for-1 split of common shares, effective 1 October 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic cement demand721 10,000 tonnes
  • Domestic sales volume167.1 10,000 tonnes
  • Export volume37.8 10,000 tonnes
  • ROE (full-year forecast)5 %-0.8%
  • ROIC (full-year forecast)3.5 %+0.2%
  • Total payout ratio (full-year forecast)38 %
Segment results
Cement
Net Sales
¥395 100 million
Revenue_yoy_pct7.7
Operating profit
¥15.7 100 million
Operating profit_yoy_pctIncreased by ¥1.64 billion from a year-earlier loss of ¥70 million
Mineral products
Net Sales
¥46 100 million
Revenue_yoy_pct11
Operating profit
¥7.6 100 million
Operating profit_yoy_pct37.5
Building materials
Net Sales
¥49 100 million
Revenue_yoy_pct4.3
Operating profit
¥-0.2 100 million
Operating profit_yoy_pctChange: ¥40 million
High-performance products
Net Sales
¥62 100 million
Revenue_yoy_pct18.5
Operating profit
¥7.4 100 million
Operating profit_yoy_pct-17
New development
Net Sales
¥54 100 million
Revenue_yoy_pct17.3
Operating profit
¥6.4 100 million
Operating profit_yoy_pct-28.9
Optoelectronics
Net Sales
¥8 100 million
Revenue_yoy_pct26.7
Operating profit
¥1 100 million
Operating profit_yoy_pctChange: ¥110 million
Other
Net Sales
¥10 100 million
Revenue_yoy_pct8.3
Operating profit
¥3.7 100 million
Operating profit_yoy_pct-6.5
Medium-term management plan targets
Net Sales
¥2,555 100 million
Target fiscal yearFY2028
Operating profit
¥270 100 million
Target fiscal yearFY2028
ROE
9.0% or more
Target fiscal yearFY2028
ROIC
6.0% or higher
Target fiscal yearFY2028
Total payout ratio
50% or higher
Target fiscal yearAverage for FY2026–FY2028
Financial targets
ROE
Target9.0% or higher (FY2028)
Actual and forecast5.0% (FY2026 forecast)
ROIC
Target6.0% or higher (FY2028)
Actual and forecast3.5% (FY2026 forecast)
Debt-to-equity ratio
43 %
As ofFY2026 forecast
Market Size / Share
Domestic cement demand
3,000 10,000 tonnes FY2026 forecast
Number of employees
3,045 people
As ofFiscal 2025 year-end
Capital expenditures
¥271 100 million FY2026 forecast
Annual Dividend
Annual
¥120on a pre-share-split basis
Interim
¥60
End of period
¥20after the 3-for-1 split
Year-end, before the split
¥60
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ended March 2026
Net Sales¥561 100 million (YoY +8.8%)
Operating profit¥34.6 100 million (YoY +99.1%)
Ordinary income¥35.9 100 million (YoY +87.0%)
Net income¥22 100 million (YoY +48.3%)
Operating profit margin6.2 %
Results for the three months of the current quarterNet Sales ¥561 100 million / Operating profit ¥34.6 100 million / Ordinary income ¥35.9 100 million / Quarterly net income ¥22 100 million
Full-year earnings forecastNet Sales ¥2,345 100 million / Operating profit ¥150 100 million / Ordinary income ¥145 100 million / Net income for the current fiscal year ¥100 100 million / Cement operating profit ¥50 100 million / High-performance products operating profit ¥42 100 million / ROE 5 % / ROIC 3.5 % / Total payout ratio 38 %
Progress against full-year forecastFirst-half net sales 50.5 % / First-half operating profit 77 % / Cement net sales 51.6 % / Mineral products net sales 48.7 % / Building materials revenue 43.7 % / High-performance products net sales 52 % / Total sales 50.5 % / Cement operating profit 314.8 % / Mineral products operating profit 50.6 % / High-performance products operating profit 49.4 % / Total operating profit 77 %
Self-assessment against the planProgress broadly in line with plan
Segment resultsCement Net Sales ¥395 100 million / Revenue_yoy_pct 7.7 / Operating profit ¥15.7 100 million / Operating profit_yoy_pct Increased by ¥1.64 billion from a year-earlier loss of ¥70 million / Mineral products Net Sales ¥46 100 million / Revenue_yoy_pct 11 / Operating profit ¥7.6 100 million / Operating profit_yoy_pct 37.5 / Building materials Net Sales ¥49 100 million / Revenue_yoy_pct 4.3 / Operating profit ¥-0.2 100 million / Operating profit_yoy_pct Change: ¥40 million / High-performance products Net Sales ¥62 100 million / Revenue_yoy_pct 18.5 / Operating profit ¥7.4 100 million / Operating profit_yoy_pct -17 / New development Net Sales ¥54 100 million / Revenue_yoy_pct 17.3 / Operating profit ¥6.4 100 million / Operating profit_yoy_pct -28.9 / Optoelectronics Net Sales ¥8 100 million / Revenue_yoy_pct 26.7 / Operating profit ¥1 100 million / Operating profit_yoy_pct Change: ¥110 million / Other Net Sales ¥10 100 million / Revenue_yoy_pct 8.3 / Operating profit ¥3.7 100 million / Operating profit_yoy_pct -6.5
Breakdown of Factors Affecting the ChangeCement operating profit Sales and production volumes -1 / Selling Prices 22 / Coal and oil prices 2 / Electricity and raw material prices -5 / Recycling and rationalization 4 / Foreign Exchange -2 / Other -1 / High-performance products operating profit Electrostatic chuck volume changes and product mix 2 / Depreciation (new manufacturing building, etc.) -1 / Optics Business -4 / Other (development expenses, etc.) 1
Key KPIsDomestic cement demand 721 10,000 tonnes, Domestic sales volume 167.1 10,000 tonnes, Export volume 37.8 10,000 tonnes, ROE (full-year forecast) 5 % (YoY -0.8%), ROIC (full-year forecast) 3.5 % (YoY +0.2%), Total payout ratio (full-year forecast) 38 %
Number of employees3,045 people
Assumptions Underlying the Business OutlookForeign Exchange ¥155 /US$ / Coal (CIF) 140 US$/t / Oil 100 US$/bbl
Medium-term management plan targetsNet Sales ¥2,555 100 million / Operating profit ¥270 100 million / ROE 9.0% or more / ROIC 6.0% or higher / Total payout ratio 50% or higher
Financial targetsROE Target 9.0% or higher (FY2028) / Actual and forecast 5.0% (FY2026 forecast) / ROIC Target 6.0% or higher (FY2028) / Actual and forecast 3.5% (FY2026 forecast) / Debt-to-equity ratio 43 %
Annual DividendAnnual ¥120 (on a pre-share-split basis) / Interim ¥60 / End of period ¥20 (after the 3-for-1 split) / Year-end, before the split ¥60
Capital expenditures¥271 100 million (FY2026 forecast)
Market Size / ShareDomestic cement demand 3,000 10,000 tonnes (FY2026 forecast)
New initiativesThe new electrostatic chuck manufacturing building was completed on 9 July 2026, and shipments began, Published SOCN2050 Version 2.0, a medium- to long-term vision for achieving carbon neutrality, Plans a 3-for-1 split of common shares, effective 1 October 2026
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey points of the Q&A

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.

Cement reported higher profit due to the effect of domestic price increases implemented in the previous fiscal year, despite challenging domestic demand and higher energy prices. High-performance products reported lower profit as higher costs, including one-time relocation expenses, depreciation of equipment and development expenses, outweighed the increase in electrostatic chuck sales volume.

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Financial Results Briefing Materials for Q1 of Fiscal 2026 (Fiscal Year Ending March 2027) | Sumitomo Osaka Cement Co.,Ltd. (5232) timely disclosure | Komori