Kaneka announced its results after the market close on the 11th, including an upward revision to its ordinary profit forecast for the current fiscal year based on its second-quarter results and full-year outlook. It also raised its annual dividend by ¥5.
Kaneka announced its results after the market close on 11 November. Consolidated ordinary profit for the six months ended September, the cumulative second quarter of the fiscal year ending March 2027 (April–September), came to ¥24.3 billion, expanding sharply to 2.1 times the year-earlier level.
At the same time, Kaneka raised its full-year consolidated ordinary profit forecast from the previous ¥32.0 billion to ¥41.5 billion, a 29.7% upward revision, with the growth rate expected to expand to 43.7%. Ordinary profit for the second half is expected to be ¥17.1 billion, up 0.4% year on year and virtually flat.
The annual dividend for the current fiscal year was also revised upward from the previous plan of ¥210 to ¥215. Ordinary profit for the latest three-month period, July–September, rose 84.7% year on year to ¥10.5 billion, while the operating margin improved from 3.4% to 6.1%.