While ARAKAWA CHEMICAL INDUSTRIES,LTD.'s share price has continued to decline recently, revenue and operating profit for the first quarter of the fiscal year ending March 2027 were reported, and progress is expected to exceed expectations with the full-year forecast unchanged.
ARAKAWA CHEMICAL INDUSTRIES,LTD.'s share price fell 5.42% from the previous day on 20 October and a further 7.02% on 22 October. Over the past 5 trading days, the price changed from ¥2,198 to ¥2,152, and the stock has continued to test a recovery after the decline. Trading was also active, with volume swelling to 273,200 shares on 23 October, up 72% from the previous day.
In its summary of the first quarter of the fiscal year ending March 2027, the company reported revenue of ¥22.3 billion and operating profit of ¥1.6 billion. Driven by growing demand from the semiconductor, generative AI and data center markets, progress is expected to exceed expectations with the full-year forecast unchanged.
Against the backdrop of progress in the quarter, the company announced an annual dividend forecast of ¥55 for the fiscal year ending March 2027. The dividend comprises a regular dividend of ¥52 plus a commemorative dividend of ¥3, pointing to stronger shareholder returns. Expanding semiconductor-related demand has been cited as a potential share-price catalyst.
On 23 October, Fisco included the stock in its list of issues breaking through the cloud of the Ichimoku chart and indicated that it was in a consolidation phase following technical improvement.