Dowa Holdings Co., Ltd.
Fiscal Year 2026 Q2 (Interim) Supplemental Financial Materials
For the cumulative Q2 of FY2026, revenue was 4950 hundred million yen (YoY +56.1%), operating income was 430 hundred million yen (YoY +266.1%), ordinary income was 577 hundred million yen (YoY +270.0%), and interim net income attributable to owners of parent was 420 hundred million yen (YoY +208.4%). Full-year forecasts were revised upward to revenue exceeding 1 trillion yen, with operating income of 715 hundred million yen, ordinary income of 1000 hundred million yen, and net income of 700 hundred million yen. Dividend is raised to around 337 yen per share, and a share buyback is planned up to 16,000 million yen or 2,400 thousand shares. Segments including Environment & Recycling, Smelting, Electronic Materials, and Metal Processing performed steadily. Improvements in valuation gains/losses from hedging transactions were also disclosed.
Key Figures
- Revenue: 4,950 hundred million yen (YoY +56.1%)
- Operating Income: 430 hundred million yen (YoY +266.1%)
- Ordinary Income: 577 hundred million yen (YoY +270.0%)
AI要約
Overview of Results
For the cumulative Q2 of FY2026, revenue was 4,950 hundred million yen (YoY +56.1%), operating income was 430 hundred million yen (YoY +266.1%), ordinary income was 577 hundred million yen (YoY +270.0%), and interim net income was 420 hundred million yen (YoY +208.4%), representing significant profit growth. Improvements in inventory valuation gains/losses centered on smelting and rises in copper and zinc prices contributed. Increased sales of new energy-related products, powdered materials for AI data centers, and recovery in silver paste for solar panels also contributed. On the cost side, increases in personnel expenses and material unit costs were headwinds.
Shareholder Returns and Capital Policy
Full-year outlook was revised upward. The dividend per share was raised from 338 yen to 415 yen, and a share buyback will be executed up to 16,000 million yen or 2,400 thousand shares as the cap. The company intends to continue stabilizing interim dividends and shareholder returns.
Segment Revenue Breakdown
Margin Analysis
Guidance vs Actual Comparison
Dowa Holdings Co., Ltd.
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