Results for this period
First quarter1 April 2026 to 30 June 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.
The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
In the Titanium Business, sales were held down by inventory adjustments, a temporary decline in selling prices for exports, and weak domestic demand, while operating profit increased mainly due to the weaker yen. In the Advanced Functional Materials Business, higher sales and profit resulted from increased sales for the AI server market, higher orders for certain high-end applications, and increased product sales volumes.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (standalone) |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥12,382 million (YoY +2.3%) |
| Operating profit | ¥1,250 million (YoY +82.7%) |
| Ordinary income | ¥1,405 million (YoY +216.5%) |
| Total assets | ¥107,996 million |
| Net assets | ¥44,617 million |
| Full-year earnings forecast | Net Sales ¥48,000 million / Operating profit ¥3,700 million / Ordinary income Not disclosed / Net income Not disclosed |
| Revision to Earnings Forecast | Net Sales ¥48,000 million → ¥48,000 million / Operating profit ¥3,400 million → ¥3,700 million / Ordinary income Not disclosed / Net income Not disclosed |
| Segment revenue | Titanium Business ¥10,306 million (YoY -1.6%), High-performance materials business ¥2,075 million (YoY +27.4%) |
| Segment profit | Titanium Business ¥751 million (YoY +31.3%), High-performance materials business ¥499 million (YoY +345.5%) |
| Regional sales | Titanium Business—Domestic ¥1,076 million (YoY -24.9%), Titanium Business—Exports ¥9,230 million (YoY +2.0%) |
| Depreciation and amortization | ¥823 million |
| Breakdown of extraordinary income (loss) | Loss on Disposal of Fixed Assets ¥290 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Factors Behind Changes in Business Performance | In the Titanium Business, sales were held down by inventory adjustments, a temporary decline in selling prices for exports, and weak domestic demand, while operating profit increased mainly due to the weaker yen. In the Advanced Functional Materials Business, higher sales and profit resulted from increased sales for the AI server market, higher orders for certain high-end applications, and increased product sales volumes. |
Items this document does not state (20)
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.Demand for MRO services for commercial aircraft engines and sales volumes and orders for products for the AI server market remained firm. However, the titanium business was affected by inventory adjustments, weak domestic demand, and higher costs due to labor expenses and inflation. Operating profit improved mainly due to the weaker yen, while profit in the Advanced Functional Materials business improved as a result of higher product sales volumes. The full-year operating profit forecast was revised upward based on the expected improvement in the sales mix and certain costs.