Results for this period
Full year1 April 2025 to 31 March 2026Non-consolidated (standalone)Japanese 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.
In the Titanium Business, results were affected by inventory adjustments in the commercial aircraft supply chain, weak domestic demand and inventory adjustments, a substantial decline in domestic sales volumes, and lower selling prices under the export price formula. In the Advanced Materials Business, results were affected by weak demand in the semiconductor market excluding AI-related applications and the reversal of the benefit from increased spot orders from certain customers that had been included in the previous fiscal year.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥46,952 million (YoY -9.6%) |
| Operating profit | ¥5,524 million (YoY -45.2%) |
| Ordinary income | ¥6,434 million (YoY -29.1%) |
| Profit attributable to owners of the parent | ¥2,576 million (YoY -63.7%) |
| Net income per share | ¥70.02 |
| Equity ratio | End of the current fiscal period 41.4 / End of previous period 42.4 |
| Total assets | ¥107,066 million |
| Net assets | ¥44,311 million |
| Cash flows from operating activities | ¥4,169 million |
| Cash flows from investing activities | ¥-9,677 million |
| Cash flows from financing activities | ¥4,992 million |
| Cash and cash equivalents at end of period | ¥4,145 million |
| Full-year earnings forecast | Net Sales ¥48,000 million (YoY +2.2%) / Operating profit ¥3,400 million (YoY -38.5%) / Ordinary income ¥3,000 million (YoY -53.4%) / Net income ¥1,800 million (YoY -30.1%) |
| Annual Dividend Forecast | ¥18 per share → ¥13 per share（-27.8%） |
| Shareholder Return Policy | The policy is to pay dividends based on a target payout ratio of 25% to 35%. |
| Segment revenue | Titanium Business ¥40,444 million (YoY -10.6%), High-performance materials business ¥6,507 million (YoY -2.5%) |
| Segment profit | Titanium Business ¥4,654 million (YoY -48.1%), High-performance materials business ¥870 million (YoY -22.8%) |
| Regional sales | Titanium Business—Domestic ¥7,068 million (YoY -42.8%), Titanium Business—Exports ¥33,375 million (YoY +1.5%) |
| Depreciation and amortization | ¥3,051 million |
| Impairment loss | ¥461 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥1,722 million, Impairment Losses ¥461 million, Loss on reduction of fixed assets ¥92 million, Provision for environmental measures ¥343 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 Yes / Restatement No |
| Material subsequent events | Not applicable. |
| Factors Behind Changes in Business Performance | In the Titanium Business, results were affected by inventory adjustments in the commercial aircraft supply chain, weak domestic demand and inventory adjustments, a substantial decline in domestic sales volumes, and lower selling prices under the export price formula. In the Advanced Materials Business, results were affected by weak demand in the semiconductor market excluding AI-related applications and the reversal of the benefit from increased spot orders from certain customers that had been included in the previous fiscal year. |
Items this document does not state (9)
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 results were affected by inventory adjustments in the commercial aircraft supply chain, weak demand and inventory adjustments in domestic general industrial applications, and weak demand in the semiconductor market excluding AI-related applications, as well as a substantial decline in domestic sales volumes and lower selling prices under the export price formula.