Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026Non-consolidated (individual)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, inventory adjustments in the commercial aircraft supply chain, lower export sales volumes, lower selling prices due to a decline in the index price for titanium ore, and higher costs due to rising personnel expenses and inflation reduced profit. In the high-performance materials business, increased sales volumes and orders for high-purity titanium for sputtering targets and titanium alloy powder increased profit.
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| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Non-consolidated (individual) |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 24,617 Millions of yen (YoY -8.6%) |
| Operating profit | 2,585 Millions of yen (YoY -35.8%) |
| Ordinary income | 2,062 Millions of yen (YoY -50.9%) |
| Profit attributable to owners of the parent | 917 Millions of yen (YoY -63.5%) |
| Total assets | 129,649 Millions of yen |
| Net assets | 64,260 Millions of yen |
| Full-year earnings forecast | Net Sales 48,300 Millions of yen / Operating profit 4,200 Millions of yen / Ordinary income Not disclosed / Net income Not disclosed |
| Revision to Earnings Forecast | Net Sales 48,000 Millions of yen → 48,300 Millions of yen / Operating profit 3,700 Millions of yen → 4,200 Millions of yen / Ordinary income Not disclosed / Net income Not disclosed |
| Segment revenue | Titanium Business 20,841 Millions of yen (YoY -11.6%), High-Performance Materials Business 3,776 Millions of yen (YoY +13.0%) |
| Segment profit | Titanium Business 1,752 Millions of yen (YoY -47.6%), High-Performance Materials Business 833 Millions of yen (YoY +22.3%) |
| Regional sales | Titanium Business—Domestic 2,906 Millions of yen (YoY +18.4%), Titanium Business—Exports 17,935 Millions of yen (YoY -15.1%) |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Loss on disposal of non-current assets 441 Millions of yen, Environmental expenses 135 Millions of yen, Provision for environmental measures 169 Millions of yen |
| Disclosure regarding the going concern assumption | None |
| Change in accounting policy | Changes due to revisions to standards Not disclosed / Other changes Not disclosed / Change in accounting estimate Yes / Restatement Not disclosed |
| Factors Behind Changes in Business Performance | In the titanium business, inventory adjustments in the commercial aircraft supply chain, lower export sales volumes, lower selling prices due to a decline in the index price for titanium ore, and higher costs due to rising personnel expenses and inflation reduced profit. In the high-performance materials business, increased sales volumes and orders for high-purity titanium for sputtering targets and titanium alloy powder increased profit. |
Items this document does not state (19)
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.During the interim period, results were affected by inventory adjustments in the commercial aircraft supply chain, lower sales volumes and selling prices for exports, and higher costs due to rising personnel expenses and inflation. The revision to the full-year forecast reflects the continued weakening trend of the yen.