Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPThe 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.
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.
Net sales increased due to higher refractory product sales volumes, higher revenue from overseas affiliates, a recovery in semiconductor-related demand, new project wins from expanded sales efforts, and the contribution from Reframax's sales. Operating profit declined due to higher raw material and fuel costs, equipment problems and repair costs, temporary changes in the sales mix, higher depreciation expenses, and delays in Reframax's construction schedule and cost increases caused by inflation. Net income attributable to owners of the parent increased due to a gain on the sale of fixed assets.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥46,590 million (YoY +21.8%) |
| Operating profit | ¥1,736 million (YoY -39.9%) |
| Ordinary income | ¥3,009 million (YoY -2.8%) |
| Profit attributable to owners of the parent | ¥4,679 million (YoY +166.2%) |
| Net income per share | ¥102.55 |
| Equity ratio | End of the current fiscal period 47.1 / End of previous period 46.1 |
| Total assets | ¥233,868 million |
| Net assets | ¥118,997 million |
| Full-year earnings forecast | Net Sales ¥198,000 million (YoY +11.4%) / Operating profit ¥13,000 million (YoY -4.5%) / Ordinary income ¥14,000 million (YoY -12.4%) / Net income ¥10,500 million (YoY -59.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥198,000 million / Operating profit Not disclosed → ¥13,000 million / Ordinary income Not disclosed → ¥14,000 million / Net income Not disclosed → ¥10,500 million |
| Annual Dividend Forecast | ¥90 → ¥95 |
| Shareholder Return Policy | The policy is to pay progressive dividends based on a consolidated dividend-on-equity ratio (DOE) of at least 4%. |
| Segment revenue | Refractories ¥30,142 million (YoY +14.9%), Insulation materials ¥4,157 million (YoY +6.9%), Advanced equipment and materials ¥1,165 million (YoY +21.0%), Engineering ¥11,483 million (YoY +57.5%) |
| Segment profit | Refractories ¥2,292 million (YoY +1.5%), Insulation materials ¥421 million (YoY -18.7%), Advanced equipment and materials ¥-33 million, Engineering ¥-988 million |
| Depreciation and amortization | ¥1,813 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥3,765 million, Other ¥7 million / Extraordinary loss Losses on disposal of fixed assets ¥38 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Material subsequent events | Treasury shares totaling 33,588 shares were disposed of as restricted stock compensation, with a payment date of 24 July 2026. The total disposal price was ¥62,910,324. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person None |
| Issued Shares at Period-End | 47,146,830 |
| Treasury Shares at Period-End | 1,513,710 |
| Factors Behind Changes in Business Performance | Net sales increased due to higher refractory product sales volumes, higher revenue from overseas affiliates, a recovery in semiconductor-related demand, new project wins from expanded sales efforts, and the contribution from Reframax's sales. Operating profit declined due to higher raw material and fuel costs, equipment problems and repair costs, temporary changes in the sales mix, higher depreciation expenses, and delays in Reframax's construction schedule and cost increases caused by inflation. Net income attributable to owners of the parent increased due to a gain on the sale of fixed assets. |
Items this document does not state (8)
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.Net sales increased due to higher refractory product sales volumes, higher revenue from overseas affiliates, a recovery in semiconductor-related demand, new project wins from expanded sales efforts, and the contribution from Reframax's sales. Operating profit was affected by higher raw material and fuel costs, equipment problems and repair costs at overseas affiliates, changes in the sales mix, higher depreciation expenses at the Setouchi Plant, and delays in Reframax's construction schedule and cost increases due to inflation. Net income increased because a gain on the sale of fixed assets was recorded in connection with the expropriation of land at the Quinana Plant.