Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 30 April 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In addition to the reduced impact of additional U.S. tariff measures, the yen has remained weaker than assumed, and results are therefore expected to exceed the previous forecast. Even after reflecting the impact of higher raw material prices and the PPA and related amortization expenses associated with the acquisition of shares in Niterra Materials, results are expected to exceed the previous forecast due to the factors driving the upward revision. In addition, foreign exchange losses are expected to be lower than previously forecast, and valuation gains on investment securities held are expected to be recognized.
| Item | Details |
|---|---|
| Net Sales | ¥688,000 million → ¥724,000 million（5.2％） |
| Operating profit | ¥130,000 million → ¥137,000 million（5.4％） |
| Profit attributable to owners of the parent | ¥90,000 million → ¥116,000 million（28.9％） |
| Net income per share | 453.1 yen and sen → 584.64 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 30 April 2025 |
| Previous-period results | Revenue 652,993 Revenue and profit: millions of yen; basic earnings per share: yen and sen / Operating profit 129,660 Revenue and profit: millions of yen; basic earnings per share: yen and sen / Pretax profit 133,313 Revenue and profit: millions of yen; basic earnings per share: yen and sen / Profit for the period attributable to owners of the parent 92,625 Revenue and profit: millions of yen; basic earnings per share: yen and sen / Basic earnings per share 466.34 Revenue and profit: millions of yen; basic earnings per share: yen and sen |
| Reason for the revision | In addition to the reduced impact of additional U.S. tariff measures, the yen has remained weaker than assumed, and results are therefore expected to exceed the previous forecast. Even after reflecting the impact of higher raw material prices and the PPA and related amortization expenses associated with the acquisition of shares in Niterra Materials, results are expected to exceed the previous forecast due to the factors driving the upward revision. In addition, foreign exchange losses are expected to be lower than previously forecast, and valuation gains on investment securities held are expected to be recognized. |
| Dividend forecast revision | The annual dividend has been increased by ¥19 from the previous forecast of ¥186.00 per share to ¥205.00 per share, and the year-end dividend has been revised from ¥93.00 per share to ¥112.00 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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 reduction in the impact of additional U.S. tariff measures and the yen's depreciation beyond the assumed exchange rate were factors driving the upward revision. The forecast also reflects the impact of higher raw material prices and the PPA and related amortization expenses associated with the acquisition of shares in Niterra Materials, as well as lower-than-expected foreign exchange losses and anticipated valuation gains on investment securities held.