MCG Group Q1 consolidated results (FY Mar 2027)

Performance overview

During the consolidated first quarter (Apr 1–Jun 30, 2026) sales revenue increased ¥123.5 billion (14.0%) to ¥1,004.2 billion. Core operating income rose ¥57.5 billion (101.7%) to ¥114.1 billion, operating income was ¥118.4 billion, income before taxes ¥111.8 billion, and net income attributable to owners of the parent ¥57.7 billion (up ¥38.1 billion). Results were supported by strong semiconductor‑related sales, improved selling prices, foreign‑exchange effects and temporary inventory valuation gains driven by higher naphtha prices amid the Middle East situation.

Segment highlights

Specialty Materials: sales ¥332.5 billion (+¥46.6bn) and core operating income ¥38.3 billion (+¥20.9bn), led by films, carbon fiber composites and engineering plastics for semiconductor equipment. MMA & Derivatives: sales ¥99.9 billion (+¥10.3bn) and core operating income ¥8.0 billion (+¥4.3bn), aided by higher MMA market prices despite volume impacts. Basic Materials: sales ¥185.0 billion (+¥19.5bn) and core operating income ¥14.8 billion (+¥21.5bn), reflecting improved selling prices and inventory valuation. Industrial Gases: sales ¥360.0 billion (+¥47.0bn) and core operating income ¥54.1 billion (+¥9.1bn), driven by price management, regional acquisitions and FX effects.

Financial position and outlook

Total assets were ¥5,881.0 billion, up ¥4.4 billion versus year‑end, mainly from yen depreciation effects on overseas subsidiaries and higher inventories; cash declined after interest‑bearing debt repayments. The company revised its first‑half consolidated forecast upward on stronger Chemicals performance and inventory gains from naphtha price moves, but left the full‑year forecast unchanged due to uncertainty over the second half.