FY2026 1Q consolidated results

Overall 1Q performance

FY2026 1Q net sales were ¥223.7 billion, up 45.7% year‑on‑year, supported by higher methanol and polycarbonate market prices, pass‑through of raw material costs, increased BT materials sales volume and yen depreciation. Operating profit was ¥27.8 billion (+16.8% YoY) and profit attributable to owners ¥18.3 billion (+9.9% YoY). Improved profitability reflected timely supplies and inventory gains for methanol and polycarbonate.

Impact of Middle East situation

The company reports only minor impacts on production and sales except for a methanol plant in Saudi Arabia. Manufacturing costs rose for chemicals because of higher raw material and fuel prices; the company is working to pass through those costs. While 1Q benefited from inventory gains, management flagged concerns for 2Q onward given unstable methanol prices.

Segment highlights

Green Energy & Chemicals: 1Q net sales ¥99.8 billion (+31.5% YoY) and operating profit ¥11.9 billion, aided by higher methanol prices, yen depreciation and inventory gains in methanol and derivatives (ordinary profit ¥11.6 billion). Specialty Chemicals: 1Q net sales ¥122.8 billion (+13.9% YoY) and operating profit ¥17.1 billion, driven by growth in electronics materials and semiconductor chemicals plus pass‑through in engineering plastics (ordinary profit ¥17.9 billion).

FY2026 outlook and assumptions

Full‑year guidance was raised to net sales ¥860.0 billion, operating profit ¥71.0 billion and profit attributable to owners ¥55.0 billion, with the annual dividend planned at ¥110 per share (up ¥10). Management said 1H was revised up on stronger market prices and demand, while 2H includes some downward adjustments from maintenance delays and cost increases. Assumed FX and commodity assumptions are $1=¥160 and crude oil $75/bbl.