First-quarter results were broadly on track against the FY2027 full-year forecast, but profit progress needs to be assessed through the first half

In the first quarter of the fiscal year ending March 2027, revenue was ¥8,381 million, operating profit was ¥743 million, ordinary profit was ¥856 million, and quarterly net profit attributable to owners of the parent was ¥502 million. Year on year, revenue increased 11.6%, operating profit 15.3%, ordinary profit 34.9%, and net profit 9.9%, securing higher revenue and profit through the operating-profit level.

The full-year forecasts are revenue of ¥34,500 million, operating profit of ¥3,470 million, ordinary profit of ¥3,530 million, and net profit attributable to owners of the parent of ¥2,510 million. They were not revised in this results announcement. First-quarter progress rates were 24.3% for revenue, 21.4% for operating profit, 24.2% for ordinary profit, and 20.0% for net profit, indicating that operating profit and net profit are progressing somewhat more slowly than revenue. At the next results announcement, the focus will be on whether first-half cumulative operating profit of ¥1,735 million and net profit of ¥1,255 million approach half of the simple full-year forecasts.

By segment, the High-Performance Materials business drove overall results with revenue of ¥5,982 million and operating profit of ¥697 million. The Environmental Materials business also generated revenue of ¥1,740 million and operating profit of ¥102 million. By contrast, the Food Materials business generated only ¥25.7 million in operating profit on revenue of ¥640 million, weighing on overall profit progress. A quarterly cash flow statement, regional revenue, and orders received and order backlog were not disclosed, leaving insufficient information to support profit progress through cash generation or orders.

At the next results announcement, the focus will be on how far first-half operating profit can accumulate while the full-year forecast is maintained, and whether higher profit in the High-Performance Materials and Environmental Materials businesses can absorb weakness in Food Materials. No extraordinary gains or losses were recorded, so the increase in profit appears to have been driven by operating factors rather than one-off items. However, because the impact of raw-material and energy costs and cash flow were not disclosed, changes in the operating margin should also be reviewed.