Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
4000
百万円（通期売上高予想の前回予想比減額）Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ended December 20259 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥22,980 million-12.6%
Operating profit¥3,840 million-33.9%
Ordinary income¥3,789 million-45.8%
Net income¥2,681 million -48.0%interim net income attributable to owners of the parent
Operating profit margin
Rate16.7%
Year-on-year change (points)前年同期22.1%から低下
Full-year earnings forecast
Net Sales
¥48,000 million
Operating profit
¥7,500 million
Ordinary income
¥7,000 million
Profit attributable to owners of the parent
¥5,000 million
Earnings per share
238円41銭
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half operating profit
FY2024_H158 Hundreds of millions of yen
FY2025_H138.4 Hundreds of millions of yen
Inventory-related factors13.4
Foreign exchange impact0.4
Decrease in contribution margin-24.4
Raw material and fuel price changes-1.5
Increase in fixed costs-3.6
Increase in depreciation and amortization-2.8
Other-0.3
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
H2為替レート
US dollars¥145 per dollar
Euro154円/ユーロ
Renminbi¥19.5/Chinese yuan
市場回復時期シリコン半導体は期初想定のFY2025下期より後ズレの見込み、SiCはFY2026後半想定を注視
New initiatives
- 新規用途開拓および既存用途の深掘り
- 人件費等の固定費抑制
- 高温ガス炉関連の専任部署設置と複数の引き合いへの対応
- 次世代リーダーシップ研修、ジョブローテーション、海外赴任などの人材育成
Key KPIsA metric the company considers important as a management benchmark.
Operating Margin16.7%
Ordinary profit margin16.5%
ROE5.3%（通期予想）
Equity ratio84.3%
Interim net income per share127円85銭
Exchange rate
US dollars148.6円/ドル
Euro162.2円/ユーロ
Renminbi20.5円/人民元
Segment results
Special graphite products
Net Sales¥9,310 million
Year-on-year (%)¥-23.6 million
Special graphite products — Electronics
Net Sales¥3,297 million
Year-on-year (%)¥-41.5 million
Special graphite products — General industries
Net Sales¥4,824 million
Year-on-year (%)¥-10.7 million
Special graphite products — Other
Net Sales¥1,188 million
Year-on-year (%)¥4 million
General carbon products — mechanical carbon
Net Sales¥1,986 million
Year-on-year (%)¥1.6 million
General carbon products — electrical carbon
Net Sales¥2,078 million
Year-on-year (%)¥-15.4 million
Composite materials and other products
Net Sales¥8,803 million
Year-on-year (%)¥3.3 million
Composite and other products — Three main products
Net Sales¥7,531 million
Year-on-year (%)¥0 million
複合材その他製品_その他
Net Sales¥1,271 million
Year-on-year (%)¥27.7 million
Products
Net Sales¥800 million
Year-on-year (%)¥-31.2 million
Financial targets
ROE
FY2024 actual results11.2%
Latest forecast5.3%
Capital expenditures
¥4,490 million FY2025 forecast
Annual Dividend
Annual dividend per share¥145
Payout ratio
60.8%（FY2025予想）| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ended December 2025 |
| Net Sales | ¥22,980 million (YoY -12.6%) |
| Operating profit | ¥3,840 million (YoY -33.9%) |
| Ordinary income | ¥3,789 million (YoY -45.8%) |
| Net income | ¥2,681 million (interim net income attributable to owners of the parent) (YoY -48.0%) |
| Operating profit margin | Rate 16.7% / Year-on-year change (points) 前年同期22.1%から低下 |
| Full-year earnings forecast | Net Sales ¥48,000 million / Operating profit ¥7,500 million / Ordinary income ¥7,000 million / Profit attributable to owners of the parent ¥5,000 million / Earnings per share 238円41銭 |
| Segment results | Special graphite products Net Sales ¥9,310 million / Year-on-year (%) ¥-23.6 million / Special graphite products — Electronics Net Sales ¥3,297 million / Year-on-year (%) ¥-41.5 million / Special graphite products — General industries Net Sales ¥4,824 million / Year-on-year (%) ¥-10.7 million / Special graphite products — Other Net Sales ¥1,188 million / Year-on-year (%) ¥4 million / General carbon products — mechanical carbon Net Sales ¥1,986 million / Year-on-year (%) ¥1.6 million / General carbon products — electrical carbon Net Sales ¥2,078 million / Year-on-year (%) ¥-15.4 million / Composite materials and other products Net Sales ¥8,803 million / Year-on-year (%) ¥3.3 million / Composite and other products — Three main products Net Sales ¥7,531 million / Year-on-year (%) ¥0 million / 複合材その他製品_その他 Net Sales ¥1,271 million / Year-on-year (%) ¥27.7 million / Products Net Sales ¥800 million / Year-on-year (%) ¥-31.2 million |
| Breakdown of Factors Affecting the Change | First-half operating profit FY2024_H1 58 Hundreds of millions of yen / FY2025_H1 38.4 Hundreds of millions of yen / Inventory-related factors 13.4 / Foreign exchange impact 0.4 / Decrease in contribution margin -24.4 / Raw material and fuel price changes -1.5 / Increase in fixed costs -3.6 / Increase in depreciation and amortization -2.8 / Other -0.3 |
| Key KPIs | Operating Margin 16.7% / Ordinary profit margin 16.5% / ROE 5.3%（通期予想） / Equity ratio 84.3% / Interim net income per share 127円85銭 / Exchange rate US dollars 148.6円/ドル / Euro 162.2円/ユーロ / Renminbi 20.5円/人民元 |
| Assumptions Underlying the Business Outlook | H2為替レート US dollars ¥145 per dollar / Euro 154円/ユーロ / Renminbi ¥19.5/Chinese yuan / 市場回復時期 シリコン半導体は期初想定のFY2025下期より後ズレの見込み、SiCはFY2026後半想定を注視 |
| Financial targets | ROE FY2024 actual results 11.2% / Latest forecast 5.3% |
| Annual Dividend | Annual dividend per share ¥145 / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 60.8%（FY2025予想） |
| Capital expenditures | ¥4,490 million (FY2025 forecast) |
| New initiatives | 新規用途開拓および既存用途の深掘り, 人件費等の固定費抑制, 高温ガス炉関連の専任部署設置と複数の引き合いへの対応, 次世代リーダーシップ研修、ジョブローテーション、海外赴任などの人材育成 |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.単結晶シリコンやSiC半導体用途で、ウエハー在庫の調整やEV市場の停滞が長期化し、需要が期初計画を下回った。上期は数量・製品構成による限界利益の減少、固定費・減価償却費の増加も営業利益を押し下げた。
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.