Denka Company Limited reported a substantial increase in operating income for the six months ended September in the fiscal year ending March 2027 and raised its full-year profit forecast to ¥37.0 billion. Second-quarter revenue was ¥208.7 billion and operating income was ¥24.7 billion.
Denka Company Limited published its consolidated financial results for the six months ended September in the fiscal year ending March 2027, reporting a substantial increase in operating income from the previous fiscal year. In response, it also raised its full-year operating income forecast from the previous ¥30.0 billion to ¥37.0 billion.
Revenue for the six months ended September was ¥208.7 billion, up 6.1% year on year, and operating income was ¥24.7 billion, approximately 2.5 times the year-earlier level. Sales of spherical silica and spherical alumina for AI-related semiconductors performed well, while revised selling prices in the Polymer Solutions segment in response to higher raw material and fuel costs also contributed.
Factors behind the upward revision to the full-year profit forecast include growing demand for electronic and advanced products and the effects of price revisions in response to higher raw material and fuel prices. The closing share price on 9 November was ¥2,892.5, up ¥134 from the previous Friday.
As a diversified chemical manufacturer, Denka Company Limited raised its profit outlook for the current fiscal year against a backdrop of firm demand for AI-related materials and the effects of price revisions.