After a major upward revision to the FY2027 full-year forecast, the focus shifts to confirming sustained growth in FY2027-H1

FY2027 first-quarter revenue was ¥13.709 billion, operating profit was ¥1.805 billion, ordinary profit was ¥1.863 billion, and net income attributable to owners of the parent was ¥1.312 billion, representing year-on-year increases of 30.9%, 37.0%, 28.1% and 20.5%, respectively. Following these results, the FY2027 full-year forecast was raised from ¥54.0 billion to ¥62.0 billion for revenue, from ¥6.2 billion to ¥7.4 billion for operating profit, and from ¥4.3 billion to ¥5.2 billion for net income attributable to owners of the parent. The revisions represent increases of 14.8% for revenue, 19.4% for operating profit and 20.9% for net income.

Compared with the revised full-year forecast, first-quarter progress was 22.1% for revenue, 24.4% for operating profit and 25.2% for net income. Although profit progress exceeded revenue progress in the first quarter, achieving half of the full-year forecast in the first half would require second-quarter revenue of ¥17.291 billion, operating profit of ¥1.895 billion and net income of ¥1.288 billion. These levels are not company forecasts themselves, but monitoring benchmarks for securing 50% of the full-year forecast in the first half.

FY2026 results were revenue of ¥47.727 billion and operating profit of ¥6.012 billion. The post-revision FY2027 plan therefore represents year-on-year growth of 29.9% in revenue and 23.1% in operating profit. In addition to the strong first quarter, the company will need to sustain through the second half the performance of high-purity products for semiconductors and products for waterworks in the Chemicals segment, compound semiconductor-related products in the Electronic Materials segment, and the recovery in the Machinery segment.

At the next results announcement, we will look for an explanation of the factors behind the upward revision broken down not only by segment revenue and profit, but also by sales volume, pricing, overseas sales, spot sales and raw-material costs. The first-quarter results briefing did not disclose amounts or volumes by factor, so whether this information is added in FY2027-H1 will also help assess the reliability of the upward revision.