Revised forecast
Fiscal year ending November 2026 · Full yearPrevious forecast published Announced on 10 July 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Demand in the major markets was generally resilient, while demand in the aerospace and defense, electronic components and semiconductor manufacturing equipment, data center, energy, and medical-related sectors remained firm. Increased export sales from Japan, higher utilization rates at group companies, the continued use of raw material inventories, the effects of sales price revisions, and the recognition of refunds related to U.S. tariffs imposed in prior fiscal years boosted performance.
| Item | Details |
|---|---|
| Net Sales | ¥185,000 million → ¥193,000 million（+4.3%） |
| Operating profit | ¥30,000 million → ¥36,000 million（+20.0%） |
| Ordinary income | ¥32,000 million → ¥38,000 million（+18.8%） |
| Profit attributable to owners of the parent | ¥21,000 million → ¥24,000 million（+14.3%） |
| Net income per share | 255.6 yen and sen → 288.48 yen and sen |
| Fiscal Period Covered | Fiscal year ending November 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 10 July 2026 |
| Previous-period results | Sales of ¥160,619 million, operating profit of ¥20,330 million, ordinary profit of ¥22,354 million, net income attributable to owners of the parent of ¥14,334 million, and net income per share of ¥172.11 (fiscal year ended November 2025) |
| Reason for the revision | Demand in the major markets was generally resilient, while demand in the aerospace and defense, electronic components and semiconductor manufacturing equipment, data center, energy, and medical-related sectors remained firm. Increased export sales from Japan, higher utilization rates at group companies, the continued use of raw material inventories, the effects of sales price revisions, and the recognition of refunds related to U.S. tariffs imposed in prior fiscal years boosted performance. |
| Dividend forecast revision | The year-end dividend forecast has been increased by ¥15 to ¥91 per share. The annual dividend forecast is ¥130 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 in the major markets remained resilient, and demand in the aerospace and defense, electronic components and semiconductor manufacturing equipment, data center, energy, and medical-related sectors remained firm. Profit was also boosted by increased export sales from Japan due to expanding demand, higher utilization rates at group companies, the continued use of raw material inventories procured before tungsten prices rose, the effects of sales price revisions, and the recognition of refunds related to U.S. tariffs imposed in prior fiscal years.