On 16 October, 川上塗料 (4616) hit the daily price limit after reporting its third-quarter results, raising its full-year earnings forecast and significantly increasing its year-end dividend. From the perspective of the price pass-through ranking, this article selects 20 stocks whose price increases are being converted into profits.
川上塗料 released its third-quarter results on 16 October, changing its full-year operating profit forecast from ¥207 million to ¥571 million, an increase of approximately 2.8 times, and increasing its year-end dividend from ¥45 to ¥150. It was reported that the effects of price increases had become apparent, with the operating profit margin on sales improving from 1.9% to 19.6% over the three months from June to August. The share price hit the daily price limit on 16 October, and announcements of a stock split and expanded shareholder benefits also attracted attention.
The article also covers Sumitomo Osaka Cement (5232) as a stock where the impact of price pass-through can be confirmed in monetary terms, particularly in its cement business, explaining that selling price revisions made a significant contribution to the increase in operating profit for the fiscal year ending March 2026. Performance is expected to remain strong, including a return to profitability in the first quarter, and the focus is on whether an upward revision will be announced with the first-half results.