Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
40
¥100 millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFY2026 interim period11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,378 100 million+21.2%
Operating profit¥214 100 million+83.5%
Ordinary income¥202 100 million+107.0%
Net income¥115 100 million+110.8%
Full-year earnings forecast
Net Sales
¥7,000 100 million
Operating profit
¥370 100 million
Ordinary income
¥350 100 million
Profit attributable to owners of the parent
¥200 100 million
Dividend per share
¥110
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Finished with profit growth of approximately 20% versus the forecast announced on 3 AugustBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in interim ordinary profitSales volume variance +¥8.0 billion, growth products +¥2.1 billion, selling prices +¥4.2 billion, metal price variance +¥4.4 billion, purchased materials -¥4.5 billion, fixed costs -¥4.2 billion, other non-operating items +¥0.5 billion
Year-on-year change in full-year ordinary profit forecastSales volume variance +¥8.1 billion, growth products +¥4.9 billion, selling prices +¥9.0 billion, metal price variance +¥4.3 billion, purchased materials -¥7.9 billion, fixed costs -¥6.6 billion, other non-operating items -¥0.4 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Overall, the market environment and business trends from the first half are expected to continue. The impact of aluminum ingot market conditions is expected to soften and stabilize in the second half. Demand for semiconductor manufacturing equipment, LIB sheet materials, secondary alloys and heat-dissipation applications is expected to remain strong.New initiatives
- Acquisition of treasury shares
- Basic agreement toward the integration of the domestic aluminum extrusion business with Kobe Steel. Integration is scheduled for April 2027 or later, with a joint holding company contemplated.
Key KPIsA metric the company considers important as a management benchmark.
- D/E ratio0.7 timesYear on year against the same period last yearUp from 0.67x in the same period of the previous year
- Chemical products sales volume233 thousand tonnesYear on year against the same period last yearUp from 216 thousand tonnes in the same period of the previous year
- Secondary alloy sales volumeJapan 70.6, United States 82.2, Thailand 152.8, China 309.9, IndiaYear on year against the same period last yearTrending upward from the same period of the previous year
- Extruded products revenue¥411 100 millionYear on year against the same period last yearUp from ¥36.9 billion in the previous fiscal year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Chemical products and secondary alloy sales volumes, selling price revisions, and aluminum ingot prices are disclosed.Segment results
Alumina, chemicals and ingots
Net Sales
¥1,284 100 million+41.6%
Operating profit
¥140 100 million+108.5%
Sheet and extruded products
Net Sales
¥620 100 million+21.5%
Operating profit
¥41 100 million+190.8%
Processed products and related businesses
Net Sales
¥841 100 million+3.3%
Operating profit
¥-4 100 million
Foil and powder products
Net Sales
¥633 100 million+14.0%
Operating profit
¥53 100 million+43.1%
Administrative and general
Operating profit
¥-16 100 million0.0%
Financial targets
Actual D/E ratio of approximately 0.70x. Target: Not disclosedOrders received and order backlog
The company states that orders are at a high level, but the amount is Not disclosedAnnual Dividend
¥110
Interim
¥50
End of period
¥60
Acquisition of treasury shares
Acquisition decided. Amount, number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | FY2026 interim period |
| Net Sales | ¥3,378 100 million (YoY +21.2%) |
| Operating profit | ¥214 100 million (YoY +83.5%) |
| Ordinary income | ¥202 100 million (YoY +107.0%) |
| Net income | ¥115 100 million (YoY +110.8%) |
| Full-year earnings forecast | Net Sales ¥7,000 100 million / Operating profit ¥370 100 million / Ordinary income ¥350 100 million / Profit attributable to owners of the parent ¥200 100 million / Dividend per share ¥110 |
| Self-assessment against the plan | Finished with profit growth of approximately 20% versus the forecast announced on 3 August |
| Segment results | Alumina, chemicals and ingots Net Sales ¥1,284 100 million (YoY +41.6%) / Operating profit ¥140 100 million (YoY +108.5%) / Sheet and extruded products Net Sales ¥620 100 million (YoY +21.5%) / Operating profit ¥41 100 million (YoY +190.8%) / Processed products and related businesses Net Sales ¥841 100 million (YoY +3.3%) / Operating profit ¥-4 100 million / Foil and powder products Net Sales ¥633 100 million (YoY +14.0%) / Operating profit ¥53 100 million (YoY +43.1%) / Administrative and general Net Sales Not disclosed / Operating profit ¥-16 100 million (YoY 0.0%) |
| Breakdown of Factors Affecting the Change | Year-on-year change in interim ordinary profit Sales volume variance +¥8.0 billion, growth products +¥2.1 billion, selling prices +¥4.2 billion, metal price variance +¥4.4 billion, purchased materials -¥4.5 billion, fixed costs -¥4.2 billion, other non-operating items +¥0.5 billion / Year-on-year change in full-year ordinary profit forecast Sales volume variance +¥8.1 billion, growth products +¥4.9 billion, selling prices +¥9.0 billion, metal price variance +¥4.3 billion, purchased materials -¥7.9 billion, fixed costs -¥6.6 billion, other non-operating items -¥0.4 billion |
| Key KPIs | Indicator name D/E ratio / Value 0.7 times / Year on year against the same period last year Up from 0.67x in the same period of the previous year, Indicator name Chemical products sales volume / Value 233 thousand tonnes / Year on year against the same period last year Up from 216 thousand tonnes in the same period of the previous year, Indicator name Secondary alloy sales volume / Value Japan 70.6, United States 82.2, Thailand 152.8, China 309.9, India / Year on year against the same period last year Trending upward from the same period of the previous year, Indicator name Extruded products revenue / Value ¥411 100 million / Year on year against the same period last year Up from ¥36.9 billion in the previous fiscal year |
| Unit price and quantity metrics | Chemical products and secondary alloy sales volumes, selling price revisions, and aluminum ingot prices are disclosed. |
| Assumptions Underlying the Business Outlook | Overall, the market environment and business trends from the first half are expected to continue. The impact of aluminum ingot market conditions is expected to soften and stabilize in the second half. Demand for semiconductor manufacturing equipment, LIB sheet materials, secondary alloys and heat-dissipation applications is expected to remain strong. |
| Financial targets | Actual D/E ratio of approximately 0.70x. Target: Not disclosed |
| Annual Dividend | ¥110 |
| Acquisition of treasury shares | Acquisition decided. Amount, number of shares and period: Not disclosed |
| Orders received and order backlog | The company states that orders are at a high level, but the amount is Not disclosed |
| New initiatives | Acquisition of treasury shares, Basic agreement toward the integration of the domestic aluminum extrusion business with Kobe Steel. Integration is scheduled for April 2027 or later, with a joint holding company contemplated. |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioCapital 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.The interim results exceeded the forecast announced on 3 August; sales of secondary alloys, semiconductor-related products and sheet materials for LIBs were strong; the effect of selling price revisions is expected to emerge in the second half; and the forecast incorporates an extraordinary gain from the partial sale of shares in an equity-method affiliate.
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.
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