Results for this period
First quarter1 February 2026–30 April 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.
Revenue in the Separator Business increased due to a slight increase in sales for EV applications and firm shipments for consumer applications. Revenue in the Ion-Exchange Membrane Business increased because orders for existing projects remained stable and some shipments were brought forward. The operating loss improved due to higher sales volume, changes in the sales mix, cost reductions, and decreases in personnel expenses, depreciation and amortization, and inventory valuation losses.
The company has material events or conditions related to the going-concern assumption due to continuing operating losses. However, based on its funding position and other factors, management has determined that no material uncertainty regarding the going-concern assumption exists. No notes are applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 February 2026–30 April 2026 |
| Net Sales | ¥1,386 million (YoY +83.2%) |
| Operating profit | ¥-364 million |
| Ordinary income | ¥-2,028 million |
| Profit attributable to owners of the parent | ¥-2,033 million |
| Net income per share | △33.93 |
| Equity ratio | End of the current fiscal period 79.9 / End of previous period 78.5 |
| Total assets | ¥50,023 million |
| Net assets | ¥40,076 million |
| Full-year earnings forecast | Net Sales ¥6,000 million (YoY +65.2%) / Operating profit ¥-2,400 million / Ordinary income ¥-4,400 million / Net income ¥-4,400 million |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥0 → ¥0（0.0%） |
| Segment revenue | Separator Business ¥589 million / Ion-Exchange Membrane Business ¥797 million |
| Segment profit | Separator Business Current fiscal year ¥-645 million / Prior-year period ¥-1,305 million / yoy_pct Not disclosed / Ion-Exchange Membrane Business Current fiscal year ¥519 million / Prior-year period ¥61 million / yoy_pct Not disclosed |
| Depreciation and amortization | ¥352 million |
| Impairment loss | No applicable matters. |
| Disclosure regarding the going concern assumption | The company has material events or conditions related to the going-concern assumption due to continuing operating losses. However, based on its funding position and other factors, management has determined that no material uncertainty regarding the going-concern assumption exists. No notes are 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 | No |
| Issued Shares at Period-End | 60,625,500 Shares |
| Treasury Shares at Period-End | 300,618 Shares |
| Factors Behind Changes in Business Performance | Revenue in the Separator Business increased due to a slight increase in sales for EV applications and firm shipments for consumer applications. Revenue in the Ion-Exchange Membrane Business increased because orders for existing projects remained stable and some shipments were brought forward. The operating loss improved due to higher sales volume, changes in the sales mix, cost reductions, and decreases in personnel expenses, depreciation and amortization, and inventory valuation losses. |
Items this document does not state (11)
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.In the Separator Business, sales for EV applications increased slightly and shipments for consumer applications remained firm. In the Ion-Exchange Membrane Business, orders for existing projects remained stable, and some shipments were brought forward. The improvement in the operating loss was attributable to factors including a ¥68 million decrease in personnel expenses, a ¥70 million decrease in depreciation and amortization, and a ¥222 million decrease in inventory valuation losses, due to higher sales volume, changes in the sales mix, and cost reductions focused mainly on manufacturing costs.