Worth reading
50Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
54.7
％Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedIFRSNet Sales2,609,225¥ millionYear on year +20.6%
Operating profit132,125¥ millionYear on year +54.7%
Ordinary income228,796¥ millionYear on year +26.1%
Net income attributable to owners of the parent186,432¥ millionYear on year +20.7%Progress 32.1%
The 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.
Net income per share¥114.19
Financial position at period-end
Total assets10,559,670¥ million
of which net assets 4,612,035 ¥ millionEquity ratio 42.3%vs. prior year-end +0.9pt
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.
Cash inflows and outflows
Operating+176,507
Investment-183,364
Financials+59,041
Net change+52,184
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.
Cash and cash equivalents at end of period¥607,851 million
Segment revenueLifestyle Current fiscal year 171,868 / Prior-year period 158,145 / Year on year against the same period last year Not disclosed / Food & Agribusiness Current fiscal year 1,234,621 / Prior-year period 1,106,311 / Year on year against the same period last year Not disclosed / Metals Current fiscal year 317,272 / Prior-year period 215,923 / Year on year against the same period last year Not disclosed / Energy and Chemicals Current fiscal year 460,477 / Prior-year period 304,387 / Year on year against the same period last year Not disclosed / Power & Infrastructure Services Current fiscal year 132,668 / Prior-year period 119,851 / Year on year against the same period last year Not disclosed / Finance, leasing and real estate Current fiscal year 2,762 / Prior-year period 12,000 / Year on year against the same period last year Not disclosed / Aerospace & Mobility Current fiscal year 187,470 / Prior-year period 166,135 / Year on year against the same period last year Not disclosed / Information Solutions Current fiscal year 49,518 / Prior-year period 47,299 / Year on year against the same period last year Not disclosed / Next-Generation Business Development Current fiscal year 46,641 / Prior-year period 31,376 / Year on year against the same period last year Not disclosed / Next-Generation Corporate Development Current fiscal year 8,589 / Prior-year period 4,253 / Year on year against the same period last year Not disclosed / Other Current fiscal year -2,661 / Prior-year period -1,958 / Year on year against the same period last year Not disclosed
Segment profitLifestyle Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 7,178 / Prior-year period 6,805 / Year on year against the same period last year Not disclosed / Food & Agribusiness Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 31,390 / Prior-year period 35,510 / Year on year against the same period last year Not disclosed / Metals Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 41,974 / Prior-year period 28,728 / Year on year against the same period last year Not disclosed / Energy and Chemicals Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 25,833 / Prior-year period 8,864 / Year on year against the same period last year Not disclosed / Power & Infrastructure Services Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 29,255 / Prior-year period 17,055 / Year on year against the same period last year Not disclosed / Finance, leasing and real estate Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 17,884 / Prior-year period 30,884 / Year on year against the same period last year Not disclosed / Aerospace & Mobility Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 22,835 / Prior-year period 11,542 / Year on year against the same period last year Not disclosed / Information Solutions Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 329 / Prior-year period 685 / Year on year against the same period last year Not disclosed / Next-Generation Business Development Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 4,619 / Prior-year period 10,214 / Year on year against the same period last year Not disclosed / Next-Generation Corporate Development Profit category Quarterly profit attributable to owners of the parent / Current fiscal year -1,462 / Prior-year period -1,434 / Year on year against the same period last year Not disclosed / Other Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 6,597 / Prior-year period 5,547 / Year on year against the same period last year Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net income¥580,000 million (YoY +6.6%)
Annual Dividend Forecast¥107.50 → ¥115.00
Shareholder Return PolicyShareholder returns under GC2027 will be increased from ¥700 billion to ¥900 billion. Treasury share acquisitions will have a maximum aggregate acquisition price of ¥100 billion.
Factors Behind Changes in Business Performance
Revenue increased mainly in Energy & Chemicals, Food & Agri, and Metals. Gross profit benefited from higher earnings in petrochemical trading, the oil and natural gas business, Helena, the US fertilizer wholesale business, the aviation-related business, and the pharmaceutical sales business. Equity in earnings of affiliates benefited from higher earnings in the Chile copper and Australian metallurgical coal businesses following an increase in commodity prices.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the period: No
Material subsequent eventsAt a meeting of the Board of Directors held on 3 August 2026, the Company resolved to acquire treasury shares from 4 August 2026 through 31 March 2027, up to a maximum of 40 million common shares and a maximum aggregate acquisition price of ¥100 billion.
Depreciation and amortization¥55,713 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End1,660,758,361
Treasury Shares at Period-End33,979,475
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥2,609,225 million (YoY +20.6%) |
| Operating profit | ¥132,125 million (YoY +54.7%) |
| Ordinary income | ¥228,796 million (YoY +26.1%) |
| Profit attributable to owners of the parent | ¥186,432 million (YoY +20.7%) |
| Net income per share | ¥114.19 |
| Equity ratio | End of the current fiscal period 42.3 / End of previous period 41.4 |
| Total assets | ¥10,559,670 million |
| Net assets | ¥4,612,035 million |
| Cash flows from operating activities | ¥176,507 million |
| Cash flows from investing activities | ¥-183,364 million |
| Cash flows from financing activities | ¥59,041 million |
| Cash and cash equivalents at end of period | ¥607,851 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income ¥580,000 million (YoY +6.6%) |
| Annual Dividend Forecast | ¥107.50 → ¥115.00 |
| Shareholder Return Policy | Shareholder returns under GC2027 will be increased from ¥700 billion to ¥900 billion. Treasury share acquisitions will have a maximum aggregate acquisition price of ¥100 billion. |
| Segment revenue | Lifestyle Current fiscal year 171,868 / Prior-year period 158,145 / Year on year against the same period last year Not disclosed / Food & Agribusiness Current fiscal year 1,234,621 / Prior-year period 1,106,311 / Year on year against the same period last year Not disclosed / Metals Current fiscal year 317,272 / Prior-year period 215,923 / Year on year against the same period last year Not disclosed / Energy and Chemicals Current fiscal year 460,477 / Prior-year period 304,387 / Year on year against the same period last year Not disclosed / Power & Infrastructure Services Current fiscal year 132,668 / Prior-year period 119,851 / Year on year against the same period last year Not disclosed / Finance, leasing and real estate Current fiscal year 2,762 / Prior-year period 12,000 / Year on year against the same period last year Not disclosed / Aerospace & Mobility Current fiscal year 187,470 / Prior-year period 166,135 / Year on year against the same period last year Not disclosed / Information Solutions Current fiscal year 49,518 / Prior-year period 47,299 / Year on year against the same period last year Not disclosed / Next-Generation Business Development Current fiscal year 46,641 / Prior-year period 31,376 / Year on year against the same period last year Not disclosed / Next-Generation Corporate Development Current fiscal year 8,589 / Prior-year period 4,253 / Year on year against the same period last year Not disclosed / Other Current fiscal year -2,661 / Prior-year period -1,958 / Year on year against the same period last year Not disclosed |
| Segment profit | Lifestyle Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 7,178 / Prior-year period 6,805 / Year on year against the same period last year Not disclosed / Food & Agribusiness Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 31,390 / Prior-year period 35,510 / Year on year against the same period last year Not disclosed / Metals Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 41,974 / Prior-year period 28,728 / Year on year against the same period last year Not disclosed / Energy and Chemicals Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 25,833 / Prior-year period 8,864 / Year on year against the same period last year Not disclosed / Power & Infrastructure Services Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 29,255 / Prior-year period 17,055 / Year on year against the same period last year Not disclosed / Finance, leasing and real estate Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 17,884 / Prior-year period 30,884 / Year on year against the same period last year Not disclosed / Aerospace & Mobility Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 22,835 / Prior-year period 11,542 / Year on year against the same period last year Not disclosed / Information Solutions Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 329 / Prior-year period 685 / Year on year against the same period last year Not disclosed / Next-Generation Business Development Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 4,619 / Prior-year period 10,214 / Year on year against the same period last year Not disclosed / Next-Generation Corporate Development Profit category Quarterly profit attributable to owners of the parent / Current fiscal year -1,462 / Prior-year period -1,434 / Year on year against the same period last year Not disclosed / Other Profit category Quarterly profit attributable to owners of the parent / Current fiscal year 6,597 / Prior-year period 5,547 / Year on year against the same period last year Not disclosed |
| Depreciation and amortization | ¥55,713 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New Not disclosed / Excluded Not disclosed / Notes Material changes in the scope of consolidation during the period: No |
| Material subsequent events | At a meeting of the Board of Directors held on 3 August 2026, the Company resolved to acquire treasury shares from 4 August 2026 through 31 March 2027, up to a maximum of 40 million common shares and a maximum aggregate acquisition price of ¥100 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 1,660,758,361 |
| Treasury Shares at Period-End | 33,979,475 |
| Factors Behind Changes in Business Performance | Revenue increased mainly in Energy & Chemicals, Food & Agri, and Metals. Gross profit benefited from higher earnings in petrochemical trading, the oil and natural gas business, Helena, the US fertilizer wholesale business, the aviation-related business, and the pharmaceutical sales business. Equity in earnings of affiliates benefited from higher earnings in the Chile copper and Australian metallurgical coal businesses following an increase in commodity prices. |
Items this document does not state (7)
Operating MarginRevision to Earnings ForecastPayout ratioRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
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.Revenue increased mainly in Energy & Chemicals, Food & Agri, and Metals. Profit growth was driven by higher earnings from petrochemical trading, the oil and natural gas business, the Chile copper and Australian metallurgical coal businesses, and the aviation-related business, as well as gains on the sale of an overseas power IPP business and a gain on the remeasurement of existing interests associated with the acquisition of DASI as a wholly owned subsidiary.
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