Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Recovery in automotive-related demand, expansion in AI- and semiconductor-related demand, the ongoing yen depreciation trend, and metal prices remaining above the levels of the same period a year earlier. In the Materials segment, higher prices for major metals and yen depreciation were profit-increasing factors. In the Cemented Carbide Products business, these factors included demand related to aircraft and automobiles, yen depreciation, and improvements in the sales mix and pricing. In the High-Function Products business, demand for AI- and semiconductor-related products was a profit-increasing factor. In the Resources business, the factors were dividends received from mines and equity-method investment income. In the Renewable Energy business, the recovery from the suspension of operations at the Appi geothermal power plant contributed to higher profit. Meanwhile, the Other businesses reported lower revenue and lower profit.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥1,247,407 million (YoY +50.3%) |
| Operating profit | ¥116,592 million (YoY +964.8%) |
| Ordinary income | ¥157,904 million (YoY +845.5%) |
| Profit attributable to owners of the parent | ¥120,865 million |
| Net income per share | ¥924.77 |
| Equity ratio | End of the current fiscal period 28 / End of previous period 24.5 |
| Total assets | ¥2,997,640 million |
| Net assets | ¥862,802 million |
| Cash flows from operating activities | ¥59,576 million |
| Cash flows from investing activities | ¥5,651 million |
| Cash flows from financing activities | ¥-23,748 million |
| Cash and cash equivalents at end of period | ¥160,259 million |
| Full-year earnings forecast | Net Sales ¥2,450,000 million (YoY +32.9%) / Operating profit ¥165,000 million (YoY +172.7%) / Ordinary income ¥220,000 million (YoY +125.5%) / Profit attributable to owners of the parent ¥160,000 million (YoY +294.3%) |
| Annual Dividend Forecast | ¥100 → ¥116（+16.0%） |
| Segment revenue | Materials ¥9,983 100 million (YoY +58.1%) / Cemented Carbide Products ¥884 100 million (YoY +28.0%) / High-Performance Products ¥1,516 100 million (YoY +38.6%) / Resources Not disclosed / Renewable Energy ¥39 100 million (YoY +74.0%) / Other businesses ¥656 100 million (YoY -7.1%) |
| Segment profit | Materials ¥958 billions (operating income) / Cemented Carbide Products ¥189 billions (operating income) (YoY +239.3%) / High-Performance Products ¥75 billions (operating income) (YoY +383.2%) / Resources ¥-14 100 million (operating loss) / Renewable Energy ¥10 billions (operating income) (YoY +652.1%) / Other businesses ¥16 billions (operating income) (YoY -23.4%) |
| Depreciation and amortization | ¥22,628 million |
| Impairment loss | ¥175 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on revision of retirement benefit plans ¥11,033 million, Gain on sale of investment securities ¥2,972 million, Other ¥79 million / Extraordinary loss Special retirement payments ¥3,905 million, Impairment Losses ¥175 million, Other ¥901 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 131,489,535 |
| Treasury Shares at Period-End | 831,263 |
| Factors Behind Changes in Business Performance | Recovery in automotive-related demand, expansion in AI- and semiconductor-related demand, the ongoing yen depreciation trend, and metal prices remaining above the levels of the same period a year earlier. In the Materials segment, higher prices for major metals and yen depreciation were profit-increasing factors. In the Cemented Carbide Products business, these factors included demand related to aircraft and automobiles, yen depreciation, and improvements in the sales mix and pricing. In the High-Function Products business, demand for AI- and semiconductor-related products was a profit-increasing factor. In the Resources business, the factors were dividends received from mines and equity-method investment income. In the Renewable Energy business, the recovery from the suspension of operations at the Appi geothermal power plant contributed to higher profit. Meanwhile, the Other businesses reported lower revenue and lower profit. |
Items this document does not state (7)
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.Recovery in automotive-related demand, expansion in AI- and semiconductor-related demand, the ongoing yen depreciation trend, and metal prices remaining above the levels of the same period a year earlier. By segment, the factors included higher prices for major metals and yen depreciation; demand related to aircraft and automobiles; demand for AI- and semiconductor-related products; increases in dividends received from mines and equity-method investment income; and the resumption of operations at the Appi geothermal power plant.