Worth reading
46Recurring
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
-41.5
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationThird 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¥34,095 million-12.7%
Operating profit¥5,420 million-41.5%
Ordinary income¥6,014 million-38.2%
Net income¥4,531 million-37.0%
Operating profit margin15.9 %
Results for the three months of the current quarter
Net Sales
¥11,114 million
製品・分野別売上高FY2025 Q3単独：特殊黒鉛製品4,866百万円、一般カーボン製品（機械用）1,016百万円、一般カーボン製品（電気用）1,132百万円、複合材その他製品3,640百万円、商品458百万円
Full-year earnings forecast
Net Sales
¥48,000 million
Operating profit
¥7,500 million
Ordinary income
¥7,000 million
Net income
¥5,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit growth
Decrease in contribution margin
¥-42.7 100 million
Raw material and fuel price changes
¥-1.6 100 million
Increase in fixed costs
¥-3.9 100 million
Increase in depreciation and amortization
¥-4.5 100 million
Inventory-related factors
¥15.1 100 million
Foreign exchange impact
¥1 100 million
Other
¥0.2 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars148.2円/$
Euro165.5円/€
Renminbi20.5円/人民元
New initiatives
- X Energy Reactor Company, LLC.から高温ガス炉Xe-100用黒鉛製炉心構造材等4基分を受注
- X-energyがAmazonと進めるプロジェクトについて、Energy Northwest向け4基分の供給に関する前受金契約を締結
Key KPIsA metric the company considers important as a management benchmark.
- ROE5.3 %
- 高温ガス炉向け受注金額50～60億円程度（予定）
Segment results
製品・分野別売上高
Special graphite products
¥15,070 million-16.0%
General carbon products (carbon for machinery)
¥3,003 million+1.2%
General carbon products (carbon for electrical applications)
¥3,211 million-13.8%
Composite materials and other products
¥11,551 million-10.9%
Products
¥1,259 million-14.6%
Medium-term management plan targets
Target fiscal yearFiscal year ending December 2029
Net Sales
¥820 100 million
Operating profit
¥220 100 million
Orders received and order backlog
Order value50～60億円程度（予定）
Details高温ガス炉Xe-100用黒鉛製炉心構造材等4基分
Annual Dividend
Annual
¥145 per share
Payout ratio
30.5 %
PolicyPayout ratio of 30% or more
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ended December 2025 |
| Net Sales | ¥34,095 million (YoY -12.7%) |
| Operating profit | ¥5,420 million (YoY -41.5%) |
| Ordinary income | ¥6,014 million (YoY -38.2%) |
| Net income | ¥4,531 million (YoY -37.0%) |
| Operating profit margin | 15.9 % |
| Results for the three months of the current quarter | Net Sales ¥11,114 million / 製品・分野別売上高 FY2025 Q3単独：特殊黒鉛製品4,866百万円、一般カーボン製品（機械用）1,016百万円、一般カーボン製品（電気用）1,132百万円、複合材その他製品3,640百万円、商品458百万円 |
| Full-year earnings forecast | Net Sales ¥48,000 million / Operating profit ¥7,500 million / Ordinary income ¥7,000 million / Net income ¥5,000 million |
| Segment results | 製品・分野別売上高 Special graphite products ¥15,070 million (YoY -16.0%) / General carbon products (carbon for machinery) ¥3,003 million (YoY +1.2%) / General carbon products (carbon for electrical applications) ¥3,211 million (YoY -13.8%) / Composite materials and other products ¥11,551 million (YoY -10.9%) / Products ¥1,259 million (YoY -14.6%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit growth Decrease in contribution margin ¥-42.7 100 million / Raw material and fuel price changes ¥-1.6 100 million / Increase in fixed costs ¥-3.9 100 million / Increase in depreciation and amortization ¥-4.5 100 million / Inventory-related factors ¥15.1 100 million / Foreign exchange impact ¥1 100 million / Other ¥0.2 100 million |
| Key KPIs | ROE 5.3 %, 高温ガス炉向け受注金額 50～60億円程度（予定） |
| Assumptions Underlying the Business Outlook | Exchange rate US dollars 148.2円/$ / Euro 165.5円/€ / Renminbi 20.5円/人民元 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending December 2029 / Net Sales ¥820 100 million / Operating profit ¥220 100 million |
| Annual Dividend | Annual ¥145 per share / Interim Not disclosed / End of period Not disclosed |
| Payout ratio | 30.5 % |
| Orders received and order backlog | Order value 50～60億円程度（予定） / Details 高温ガス炉Xe-100用黒鉛製炉心構造材等4基分 |
| New initiatives | X Energy Reactor Company, LLC.から高温ガス炉Xe-100用黒鉛製炉心構造材等4基分を受注, X-energyがAmazonと進めるプロジェクトについて、Energy Northwest向け4基分の供給に関する前受金契約を締結 |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket 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.会社は、営業利益の減少要因として「限界利益減（数量・製品構成）」、原燃料価格変動、固定費増、減価償却費増などを挙げている。売上面では、単結晶シリコン製造用がウエハー在庫調整、化合物半導体製造用がEV需要鈍化等によるSiC半導体市場調整の影響を受けたとしている。
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.