Worth reading
48Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
15.3
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales273,674¥ millionYear on year +15.3%Progress 70.9%
Operating profit27,507¥ millionYear on year +32.0%Progress 78.6%
Ordinary income26,148¥ millionYear on year +27.0%Progress 76.2%
Net income attributable to owners of the parent16,259¥ millionYear on year +0.8%Progress 73.9%
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¥78.02
Financial position at period-end
Total assets683,561¥ million
of which net assets 355,632 ¥ millionEquity ratio 46.3%vs. prior year-end -1.6pt
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 revenueCarbon Black Business ¥129,366 million (YoY +16.6%), Fine Carbon Business ¥52,391 million (YoY +24.5%), Smelting & Lining business ¥50,588 million (YoY +21.6%), Graphite Electrode Business ¥26,610 million (YoY -5.5%), Industrial Furnaces and Related Products ¥8,285 million (YoY +16.0%), Other Businesses ¥6,432 million (YoY -13.6%)
Segment profitCarbon Black Business ¥12,430 million (YoY +6.4%), Fine Carbon Business ¥8,020 million (YoY +27.4%), Smelting & Lining business ¥4,053 million (YoY +448.9%), Graphite Electrode Business ¥2,168 million (YoY +31.9%), Industrial Furnaces and Related Products ¥2,153 million (YoY +63.6%), Other Businesses ¥24 million (YoY -94.5%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥386,000 million (YoY +19.5%)
Operating profit¥35,000 million (YoY +35.4%)
Ordinary income¥34,300 million (YoY +30.4%)
Net income¥22,000 million (YoY +9.6%)
Annual Dividend Forecast¥30 → ¥40（+33.3%）
Shareholder Return PolicyStrengthening management focused on the cost of capital and share price, and enhancing shareholder returns through measures including a higher payout ratio, the introduction of a DOE metric with progressive dividends, and the acquisition and cancellation of treasury shares
Factors Behind Changes in Business Performance
Expanding demand related to AI, increased sales volumes of solid SiC focus rings and other products, the recovery in demand for SiC power semiconductors in China, the recovery in demand for graphite electrodes mainly in the United States, the effects of structural reforms, the development of new customers and spot transactions, the consolidation of the Thailand operations, expanding demand for cathodes for aluminum smelting furnaces and licensing-fee income, and increased sales of heating elements accompanying the expansion of the MLCC market
Disclosure regarding the going concern assumption
None
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies
Breakdown of extraordinary income (loss)Extraordinary income Gain on sales of investment securities ¥3,001 million, Gain on sale of property, plant and equipment ¥11 million / Extraordinary loss Special retirement payments ¥611 million, Losses from disasters ¥160 million, Loss on disposal of property, plant and equipment ¥65 million, Loss on sale of property, plant and equipment ¥0 million
Depreciation and amortization¥24,371 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (conference call for institutional investors and analysts)
Issued Shares at Period-End216,111,904 shares
Treasury Shares at Period-End11,397,109 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026 to 30 September 2026 |
| Net Sales | ¥273,674 million (YoY +15.3%) |
| Operating profit | ¥27,507 million (YoY +32.0%) |
| Ordinary income | ¥26,148 million (YoY +27.0%) |
| Profit attributable to owners of the parent | ¥16,259 million (YoY +0.8%) |
| Net income per share | ¥78.02 |
| Equity ratio | End of the current fiscal period 46.3% / End of previous period 47.9% |
| Total assets | ¥683,561 million |
| Net assets | ¥355,632 million |
| Full-year earnings forecast | Net Sales ¥386,000 million (YoY +19.5%) / Operating profit ¥35,000 million (YoY +35.4%) / Ordinary income ¥34,300 million (YoY +30.4%) / Net income ¥22,000 million (YoY +9.6%) |
| Annual Dividend Forecast | ¥30 → ¥40（+33.3%） |
| Shareholder Return Policy | Strengthening management focused on the cost of capital and share price, and enhancing shareholder returns through measures including a higher payout ratio, the introduction of a DOE metric with progressive dividends, and the acquisition and cancellation of treasury shares |
| Segment revenue | Carbon Black Business ¥129,366 million (YoY +16.6%), Fine Carbon Business ¥52,391 million (YoY +24.5%), Smelting & Lining business ¥50,588 million (YoY +21.6%), Graphite Electrode Business ¥26,610 million (YoY -5.5%), Industrial Furnaces and Related Products ¥8,285 million (YoY +16.0%), Other Businesses ¥6,432 million (YoY -13.6%) |
| Segment profit | Carbon Black Business ¥12,430 million (YoY +6.4%), Fine Carbon Business ¥8,020 million (YoY +27.4%), Smelting & Lining business ¥4,053 million (YoY +448.9%), Graphite Electrode Business ¥2,168 million (YoY +31.9%), Industrial Furnaces and Related Products ¥2,153 million (YoY +63.6%), Other Businesses ¥24 million (YoY -94.5%) |
| Depreciation and amortization | ¥24,371 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sales of investment securities ¥3,001 million, Gain on sale of property, plant and equipment ¥11 million / Extraordinary loss Special retirement payments ¥611 million, Losses from disasters ¥160 million, Loss on disposal of property, plant and equipment ¥65 million, Loss on sale of property, plant and equipment ¥0 million |
| Disclosure regarding the going concern assumption | None |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (conference call for institutional investors and analysts) |
| Issued Shares at Period-End | 216,111,904 shares |
| Treasury Shares at Period-End | 11,397,109 shares |
| Factors Behind Changes in Business Performance | Expanding demand related to AI, increased sales volumes of solid SiC focus rings and other products, the recovery in demand for SiC power semiconductors in China, the recovery in demand for graphite electrodes mainly in the United States, the effects of structural reforms, the development of new customers and spot transactions, the consolidation of the Thailand operations, expanding demand for cathodes for aluminum smelting furnaces and licensing-fee income, and increased sales of heating elements accompanying the expansion of the MLCC market |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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.The increase in sales volumes of products for semiconductor manufacturing equipment amid expanding AI demand, the recovery in demand for SiC power semiconductors in China, the recovery in demand for graphite electrodes mainly in the United States, the effects of structural reforms, the development of new customers and spot transactions in the carbon black business, and the consolidation of the Thailand operations contributed to the results.
How to read this page
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